Technical View: Nifty faces hurdle at 25,250, rangebound action likely to persist; Bank Nifty holds 20-day EMA

Monthly options data suggests that the Nifty 50 is expected to trade in the 24,800–25,300 range in the near term. Nifty Outlook for July 25 The Nifty failed to witness follow-through buying on July 24 and closed the weekly F&O expiry session with a 0.6 percent loss. In fact, the index erased all of its…

Trump hints at trade deal with India, says major announcements on the way

US President Donald Trump hints at new deal with India, possibly with tariffs similar to Indonesia’s 19% rate   US President Donald Trump on Wednesday said the United States is “very close to a deal with India,” suggesting that American goods could soon gain greater access to the Indian market, according to a Reuters report. “We’re very…

Analyst sees short-term upside in Adani Green, Asian Paints & BoB shares

Looking ahead, select buzzing stocks like Bank of Baroda (BoB) Ltd, Asian Paints Ltd and Adani Green Energy Ltd are expected to remain in focus among traders.   Broader markets remained resilient, with the BSE MidCap index gaining 0.60 per cent and the SmallCap index rising 0.52 per cent. Indian equity markets paused their upward…

Prestige Estates to invest Rs 1,625 crore in hospitality arm via rights issue

Since the company is a wholly-owned subsidiary, the transaction is categorized as a related-party deal, but Prestige Estates has stated it will be conducted at arm’s length. Prestige Estates Projects shares have cracked 36 percent in the last six months and about 28 percent since the start of the year. Prestige Estates Projects Ltd has…