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Monday is likely to see the levels of 17,950 and 18,090 acting as immediate resistance points. The supports come in at 17850 and 17790 levels. The Relative Strength Index (RSI) on the daily chart stands at 65.74; it remains neutral and does not show any deviation against the price. The daily MACD is bearish and remains above the signal line.

Read more on Raamdeo’s take on value migration in banks, how to play economic cycles, contra view on energy companies, outlook on auto and gold financiers in this week’s edition of ‘Long & Short of Markets’.

Reliance Industries was leading the chart of the top 10 most valued companies list followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, Bajaj Finance, State Bank of India and Kotak Mahindra Bank.

“Investors can allocate 10-15% of their total equity into a mutual fund portfolio that invests in global equities. Such an allocation increases portfolio diversification while adding the benefits of a favourable US Dollar-Rupee rate.”

Alliance Air was a fully-owned regional subsidiary of Air India, which was carved out from the national carrier after the government decided to divest stake in it. Alliance Air operates a fleet of 19 ATR planes that connect 48 destinations and made an operating profit of ₹65.09 crore in FY20 and a net loss of ₹201 crore during the period.

As the Indian economy is recovering, select hotel and travel stocks are rallying hard and fast. Volatility in the commodity block is also inducing sharp movement in related stocks. Last week was a perfect spectacle of the trend.

The Chennai-based company, an integrated cash logistics player with leading presence in retail cash management segment, will mainly utilise the fresh issue proceeds from the initial public offering (IPO) towards funding working capital and capital expenditure requirements.

n an interview with PTI, Macrotech Developers MD and CEO Abhishek Lodha said sales bookings in July-September jumped over two times to Rs 2,003 crore from the previous quarter, taking the total sales bookings to Rs 2,960 crore in the first half of this fiscal year. "We continue to believe that we will achieve our sales bookings guidance of around Rs 9,000 crore in the 2021-22 financial year," Lodha said.

The best part about making a Will is that only the woman gets to choose who will enjoy the benefit of her assets after her demise. Even more important, a Will ensures that the property (moveable and immoveable) does not fall into undeserving hands.

.The Institute of Chartered Accountants of India (ICAI) also stressed that "there is no direct nexus between the quality of the audit and the cost of conducting the audit as is mentioned in a consultation paper by NFRA as the auditors have to comply with the standards in auditing and other relevant standards while conducting an audit".