Technical View: Nifty faces sell-on-rise again at higher levels, crossing 23,250 crucial for upward journey

The weekly options data indicated that the Nifty 50 may remain in the range of 22,500-24,000, with an immediate hurdle at 23,200-23,400 on the higher side. The Nifty 50, as expected, rebounded to near 23,250 intraday, but the sell-on-rise strategy remained at the forefront, which resulted in wiping out all those gains and closing flat…

Sensex, Nifty see dramatic reversal intraday after over 1% fall: 3 key reasons behind rebound

Sensex has declined by 2,412.73 points or 3.07 percent, while the Nifty has lost 694 points or 2.92 percent, since February 4. Sensex, Nifty remained volatile in trade on February 12 after five consecutive days of decline, ultimately ending flat amid mixed cues. Benchmark indices Sensex and Nifty witnessed sharp intraday volatility on Wednesday, reversing…

Zomato board approves company name change to Eternal

Eternal will comprise four major businesses (as of now) – Zomato, Blinkit, District, and Hyperpure. The stock symbol will also change from Zomato to Eternal. I feel we are there. We would like to rename Zomato Ltd., the company (not the brand/app), to Eternal Ltd, said Deepinder Goyal. Food tech major Zomato has changed its name…