Technical View: Nifty may consolidate further with support at 22,500
Thu, May 2, 2024 5:36 PM

Technical View: Nifty may consolidate further with support at 22,500

A Flip by Avya Verma
Get it on Google Play
The Nifty 50 has seen consolidation throughout session after the US Federal Reserve, as expected, maintained benchmark interest rates at 5.25-5.5 percent, and closed moderately higher on May 2. The consolidation is expected to continue further with immediate support at 22,500 level, but overall, the bullish undertone remains unchanged, hence traders are advised to continue with buy on dips.

More great flips

Go Digit IPO last bidding date today: Should you subscribe or not?

Go Digit IPO last bidding date today: Should you subscribe or not?

Go Digit IPO: The Go Digit General Insurance IPO, which opened for subscription on Wednesday, May 15, ends today (Friday, May 17). Although the issue struggled to get completely booked, retail investors showed a good deal of interest in it during the previous two days. The non-institutional investor portion fetched decent subscription numbers.

Open Flip
Buyback Alert: eClerx Services to repurchase shares at a 16% premium

Buyback Alert: eClerx Services to repurchase shares at a 16% premium

The board of eClerx Services Ltd. on Thursday, approved the buyback of 13.75 lakh equity shares along with its fourth quarter results. This is the sixth instance in the last eight years that the company is carrying out a share buyback. eClerx will spend a sum of not more than ₹385 crore for this buyback, which will amount to 24.98% of the aggregate of the total paid-up equity share capital.

Open Flip
PB Fintech's Dahiya, Bansal likely to sell stakes worth Rs 1,053 crore

PB Fintech's Dahiya, Bansal likely to sell stakes worth Rs 1,053 crore

PB Fintech's chairman & CEO Yashish Dahiya and vice chairman Alok Bansal are likely to sell a portion of their holdings amounting to 1.86% of the company's equity on Friday through an open market transaction, according to a term sheet issued by Morgan Stanley India. The floor price of the deal has been set at ₹1,258, which is a 6% discount to Thursday's closing price of ₹1,338.25.

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