Nifty Bank closes below 50-DMA; here are key levels to track on Tuesday
Mon, Nov 20, 2023 5:40 PM

Nifty Bank closes below 50-DMA; here are key levels to track on Tuesday

A Flip by Avya Verma
Get it on Google Play
Nifty Bank closed flat at 43,584 with a positive bias on Monday, as profit-taking pressure was seen in benchmark indices. However, the index is trading near crucial support levels, suggesting that a potential technical bounceback could be on the cards. The Nifty Bank index has formed a doji candle on the daily chart, and it encounters formidable resistance at 44,000.

More great flips

INOX India, Stanley Lifestyles get Sebi approval to float IPOs

INOX India, Stanley Lifestyles get Sebi approval to float IPOs

INOX India and Stanley Lifestyles have received approval from the capital markets regulator Securities and Exchange Board of India (SEBI), to launch their initial public offerings (IPOs). Cryogenic equipment and tanks manufacturer INOX India received an observation letter from the SEBI on November 29.

Open Flip
Banks yet to fully pass on RBI rate hikes to customers, shows data

Banks yet to fully pass on RBI rate hikes to customers, shows data

Indian banks are yet to fully pass on the central bank's policy rate increases to customers, a Moneycontrol analysis showed. The lack of monetary transmission in the system has long been a concern for the Indian central bank and has limited the impact of policy actions. As per the Reserve Bank of India (RBI), the weighted average domestic term deposit rate of banks increased by 233 basis points.

Open Flip
India's data centre mkt sees investment commitments of $21.4 bn

India's data centre mkt sees investment commitments of $21.4 bn

Indian data centre market has witnessed investment commitments worth $21.4 billion during the first six months of this year, showing the high interest of investors in this growing sector, according to CBRE. Real estate consultant CBRE has released a report 'From Bytes to Business: India Data Centre Market Powering Progress in 2023'.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon