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Is the Indian Stock Market Closed Today due to the Lok Sabha Elections?

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This month, on May 1, the Stock Market was closed except on May 20 owing to Maharashtra Day, which marks the anniversary of the state of Maharashtra’s creation on May 1, 1960.

On May 20, there will be a notable closure of both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). This is because the second vacation of the month falls on the fifth voting phase of the Lok Sabha Election 2024 in Mumbai. Since all six of the city’s seats are scheduled for polling, the shutdown is consistent with the seven-phase election.

This month, on May 1, the market was closed except on May 20 owing to Maharashtra Day, which marks the anniversary of the state of Maharashtra’s creation on May 1, 1960. This came after the Indian states were reorganised linguistically.

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The Maharashtra Lok Sabha elections are divided into five parts. The dates of the first four phases are April 19, April 26, May 7, and May 13, respectively. The last stage is scheduled for May 20. On June 4, the votes will be counted.

Maharashtra banks will be closed on May 20 due to the general election’s fifth phase. Thirteen of the state’s forty-eight Lok Sabha constituencies—Dhule, Dindori, Nashik, Kalyan, Palghar, Bhiwandi, Thane, Mumbai North, Mumbai North-West, Mumbai North-East, Mumbai North-Central, Mumbai South-Central, and Mumbai South—will be voting in this phase.

Here’s a list of market holidays in 2024 –

  • May 20 – General Elections
  • June 17- Bakrid
  • July 17- Muharram
  • August 15- Independence Day
  • October 2- Gandhi Jayanti
  • November 1- Diwali
  • November 15- Guru Nanak Jayanti
  • December 25- Christmas

Stock Market Update

The Sensex and Nifty 50, which are key domestic stock market indicators, concluded Saturday’s trading session with upward momentum. This extends their recent three-day rally, which was buoyed by fresh foreign investments and favourable global signals. Every sectoral index finished in positive territory, with small and mid-cap indices surpassing the benchmarks in performance.

The 30-share BSE Sensex finished at 74,005.94 during the second special trading session, up 88.91 points, or 0.12%. The NSE Nifty 50 increased by 35.90 points, or 0.16%, to 22,502.00. The Nifty SmallCap 100 increased by 0.82%, while the Nifty Midcap 100 experienced a 0.51% increase in the overall market. The India VIX, a measure of anxiety, had a 3.67% surge in closure on Saturday.

Plans for a specific trading session in the stocks and equity derivative divisions scheduled on May 18 were revealed by the BSE and NSE on May 7. This session assesses their readiness to handle significant disruptions or outages at the main site.

M&M Shares Hit Fresh 52-Week High on Complete Stake Sale in New Delhi Centre for Sight for ₹425 Crore.

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M&M Shares: On May 14, 2024, Mahindra Holdings signed the share purchase agreement with the three bidders, NDCFS, and the eye care chain’s promoters. A total of ₹425.39 crore has been paid for the entire stake selling transaction.

On Wednesday, May 15, Mahindra & Mahindra Ltd. shares reached a new 52-week high of ₹2,306.95 per share on the NSE following the company’s announcement that its whole investment in the eye care business New Delhi Centre for Sight Limited (NDCFS) had been successfully sold for ₹425.39 crore.

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Mahindra Holdings Limited (MHL), the firm’s wholly-owned subsidiary, entered a Share Purchase Agreement (SPA) with three bidders on Tuesday to sell its entire investment of 30.83% of the paid-up capital of NDCFS on a fully diluted basis, according to a filing the company made with the markets.

The buyers in this sale include Space Investments Limited, Defati Investments Holdings BV and Infinity Partners, and neither of them belongs to the Promoter or Promoter Group Companies of Mahindra Holdings Ltd, M&M informed the stock exchanges.

The SPA was executed by Mahindra Holdings on May 14, 2024, with the three buyers and NDCFS, along with the promoters of the eye care chain. The entire stake sale deal has been conducted for an aggregate consideration of ₹425.39 crore.

Space Investments bought 25.7% of the stake offered for sale on a fully diluted basis for a consideration of ₹354.56 crore, while Defati Investments Holdings BV picked a 2.85% stake in New Delhi Centre for Sight Limited for ₹39.4 crore, along with Infinity Partners purchasing a small 2.28% stake in NDCFS for a consideration of ₹31.43 crore.

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As per the Companies Act, 2013, NDCFS is an associate company of Mahindra Holdings as well as a wholly owned subsidiary of MHL and ‘that of the Company under Indian Accounting Standards’, Mahindra & Mahindra stated in its latest exchange filing.

However, on the completion of the aforestated stake sale, the shareholding of MHL has become ‘Nil’ in NDCFS, and the latter no longer is an Associate Company of MHL, along with a joint venture.

In April 2024, the company’s domestic sales across vehicle categories grew by 13% to 68,614 vehicles against 60,481 vehicles in the year-ago period. The company’s domestic sales of vans and utility vehicles grew by 32% in April 2024 to 41,008 vehicles from 34,698 vehicles in the corresponding month of the previous year.

Mahindra and Mahindra Ltd shares were trading 1.06% higher at ₹2,294 per piece at 1:06 pm on the NSE.

TBO Tek Share Price Makes a Bumper Debut, Stock Opens with 55% Premium at ₹1,426 Piece on NSE.

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TBO Tek share price debuts impressively, with NSE opening at ₹1,426 per share and BSE at ₹1,380, significantly higher than the issue price of ₹920. The IPO was subscribed 86.70 times, with QIBs oversubscribed at 125.51 times, NIIs at 50.60 times, and RIIs at 25.74 times.

TBO Tek share price made a stellar debut on the bourses today. On NSE, TBO Tek share price opened at Rs1,426 per share, 55% higher than the issue price of ₹920. On BSE, TBO Tek share price today opened at ₹1,380 apiece, up 50% than the issue price.

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Market experts anticipated TBO Tek share price to open in the range of ₹1,360 to ₹1,400 per share.

On Friday, the final day of subscriptions, TBO Tek’s initial public offering was subscribed 86.70 times, according to NSE data. The segment allocated for qualified institutional buyers (QIBs) received 125.51 times subscriptions, but the non-institutional investor group received 50.60 times as many subscribers. The section for retail individual investors (RIIs) received 25.74 times subscriptions.

The price band for each equity share in the offering, which has a face value of Re 1, has been set between ₹875 and ₹920. 16 equity shares make up each lot in the IPO, and more lots of 16 equity shares will be issued in the future. The IPO set aside 75% of the net offer for QIBs, 15% for NIIs, and 10% for retail investors. Employees have reserved equity shares worth up to ₹3 crore.

The company streamlines the travel industry for suppliers including lodging facilities, airlines, rental cars, transfers, cruise lines, insurance, and rail companies, among others. Travel agencies and independent travel advisers are examples of retail clients; corporate clients include tour operators, travel management organisations, online travel agencies, super apps, and loyalty apps. The seamless communication made possible by the two-sided technology platform benefits each of these parties equally.

TBO Tek ipo

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TBO Tek IPO details

TBO Tek IPO, which is worth ₹1,550.81 crore, comprises a fresh issue of ₹400 crore, and an offer-for-sale (OFS) of up to 12,508,797 equity shares of face value of Re 1 each by the promoters and other investors.

52.12 lakh shares will be offered through OFS, according to announcements made by the company’s promoters, Manish Dhingra, LAP Travel, and Gaurav Bhatnagar. The company’s two investors, Augusta TBO and TBO Korea, who own respective holdings of 19.53 percent and 11.06 percent, will sell 72.96 lakh shares.

According to the Red Herring Prospectus for TBO Tek’s IPO, corporate promoters own 51.26 percent of this online travel distributor, while public shareholders own 46.43 percent of the company.

Augusta TBO is the company’s biggest public investor, holding 19.53% of the shares. General Atlantic owns 15,635,994 company shares, or 15% of the company’s total paid-up capital.

TBO Korea owns 11,523,854 shares, or 11.06 percent of the company overall. Promoters and public shareholders own 98.54 percent of the company; the TBO ESOP Trust, an entity that is neither a promoter nor a public shareholder, owns the remaining 2.31%.

The company intends to use the offering’s net proceeds to finance the following objectives: expanding the network of buyers and suppliers; increasing the platform’s value by adding new business categories; utilizing acquired data to offer our suppliers and buyers customized travel solutions; and pursuing inorganic development through wise acquisitions and the creation of synergies with our current platform.

Axis Capital Limited, Jefferies India Private Limited, Goldman Sachs (India) Securities Private Limited, and Jm Financial Limited are the book running lead managers of the TBO Tek IPO. Kfin Technologies Limited is the issue registrar.

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TBO Tek IPO GMP today

TBO Tek IPO grey market premium is +350. This indicates TBO Tek share price were trading at a premium of ₹350 in the grey market, according to investorgain.com.

The expected listing price for the TBO Tek IPO is ₹1,270 per share, which is 38.04% greater than the IPO price of ₹920, given the upper end of the IPO price band and the existing premium on the grey market.

Based on the last 16 sessions of grey market activity, the IPO GMP for today indicates an increasing trajectory and a strong listing. The experts at investorgain.com state that the GMP ranges from ₹0 to ₹540.

‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

Canara Bank Share Price Today Live Updates: Canara Bank Jumps 5% Post Stock Split; up 8% in Last Three Sessions.

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Canara Bank Live Share Price: A total of 7,39,996 retail investors owned 6 per cent stake in the bank while 337 HNIs including Rekha Rakesh Jhunjhuwala (1.45 per cent stake) owned a combined 4.65 per cent stake in the PSU lender.

119.50 INR+6.20 (5.47%)today

Open116.25
High119.55
Low116.00
Mkt cap21.70KCr
P/E ratio1.42
Div yield13.47%
52-wk high126.58
52-wk low58.27

Canara Bank Share Price Today Live Updates: Canara Bank’s stock opened at ₹557.4 and closed at ₹549.15 on the last trading day. The high for the day was ₹568.95, and the low was ₹554. The market capitalization stood at ₹102,725.13 crore. The 52-week high and low were ₹632.65 and ₹291.3, respectively. The BSE volume for the day was 487,986 shares traded.

Canara Bank Share Price Live Updates: Consensus analysts rating is Buy

Canara Bank Share Price Live Updates: The analyst recommendation trend is shown below with the current rating as Buy.

  • The median price target is ₹506.0, 325.93% higher than current market price.
  • The lowest target price among analyst estimates is ₹360.0
  • The highest target price among analyst estimates is ₹670.0
RatingsCurrent1 Week Ago1 Month Ago3 Months Ago
Strong Buy6665
Buy3445
Hold1222
Sell2221
Strong Sell2000

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Canara Bank Share Price Today Live: Hourly Price Movement Update

Canara Bank Share Price Today Live: Canara Bank’s stock price reached a peak of 118.85 and a low of 118.15 in the previous trading hour. During that time, the stock price surpassed the hourly resistance of 118.58 (Resistance level 1), suggesting a positive upward trend.
The hourly support and resistance levels to watch out in the next hour are mentioned below.

Resistance LevelsPriceSupport LevelsPrice
Resistance 1119.02Support 1118.32
Resistance 2119.28Support 2117.88
Resistance 3119.72Support 3117.62

Canara Bank Share Price Live Updates: Simple Moving Average

DaysSimple Moving Average
5 Days111.11
10 Days117.33
20 Days118.44
50 Days116.90
100 Days107.50
300 Days90.39

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Canara Bank Share Price Live Updates: Canara Bank trading at ₹118.65, up 4.77% from yesterday’s ₹113.25

Canara Bank Share Price Live Updates: Canara Bank share price is at ₹118.65 and has crossed the key daily support price level of ₹543.87. This indicates that stock is experiencing significant selling pressure and the price can decline further.

Earlier this year on April 19, 2024 the public sector lender had set Wednesday, 15th May 2024 as the record date for determining entitlement of equity shareholders for the purpose of split of existing equity shares of the bank. The stock split arrangement was such that 1 equity share having face value of Rs. 10 each, will be subdivided into 5 equity shares having face value of Rs. 2 each.

A stock split makes the shares more affordable for retail investors, and the move is likely to increase trading activity on the counter. This could be particularly beneficial for smaller investors who may have been previously deterred by the higher share price.

Moreover, the stock split has the potential to broaden the bank’s retail investor base. Prior to the split, a significant portion of the bank’s ownership was held by a relatively small number of High Net Worth Individuals (HNIs), including notable investors like Rekha Rakesh Jhunjhunwala. 

It’s important to note that a stock split differs from a bonus share issue. In a stock split, existing shares are divided into multiple shares with smaller face values, while in a bonus share issue, additional shares are distributed to existing shareholders based on their current holdings. Therefore, while a stock split increases the number of shares outstanding, it does not directly impact the share capital of the company.

Canara Bank recorded a 18.33 per cent year-on-year growth to Rs 3,757 crore in January-March quarter of fiscal year 2023-24 (Q4FY24). The bank’s net interest income (NII), increased by 11.18 per cent to Rs 9,580 crore during the fourth quarter of FY24. The bank registered NII of Rs 8,617 crore in the same period of the previous year.
At 11:17 AM; the stock of the company was trading 4.55 per cent higher at Rs 118.40 per share. By comparison the S&P BSE Sensex was down mariginally by 0.04 per cent.

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Nikhil Kamath, Bombay is Known for its Popular People: “What Bengaluru has is.”

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Nikhil Kamath of Zerodha claims that while Bengaluru has attractive individuals, Bombay is known for having…

Nikhil Kamath, a co-founder of Zerodha, stated that despite certain difficulties, Bengaluru remains his favourite city. Bengaluru is home to several startups. He heaped praise on the citizens of Bengaluru. “The big, big differentiator at the end of the day– scr** all the roads, the traffic… those things don’t matter — the people of Bengaluru are second to none (because of) the love they have for the city, how nice they are as people.”

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He added that Hyderabad is famous for its Biryani, Mumbai for its “good-looking people”, Delhi for “people who have a lot of money and they know it”, and “Bengaluru is famous for nice people”.

Nikhil Kamath also said in the podcast that he finds the people in Bengaluru to be welcoming, “normal”, understated and subtle. For startups, he said, the city offers immense talent.

“If you have to build something, if you have to start a company, the access to talent at the cost you get in Bengaluru, I don’t think you get that anywhere in the world,” he said.

He also said that he meets several business leaders in Bengaluru including Biocon executive chairperson Kiran Mazumdar-Shaw.

“We are constantly working on projects to… how do we make Bangalore cooler in actual and from a narrative standpoint,” he said.

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Zomato Q4 Results: Blinkit Section “Turned Adjusted EBITDA Positive”; Profit at Rs 175 Crore.

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Results for Zomato Q4 Results fourth quarter (Q4 FY24): Compared to the same period last year, when revenue from operations was Rs 2,056 crore, Zomato’s online food aggregator generated Rs 3,562 crore.

Zomato Ltd., a food delivery service, announced on Monday that its combined net profit for the quarter that concluded on March 31 was Rs 175 crore. The Gurugram-based company reported a Rs 189 crore loss at the same time last year.

The online food aggregator’s operational revenue for the fourth quarter (Q4 FY24) was Rs 3,562 crore, up from Rs 2,056 crore in the same period the previous year.

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Zomato also mentioned that its Blinkit (quick commerce) business turned adjusted EBITDA (Earnings before interest, taxes, depreciation, and amortization) positive in March 2024.

Zomato’s gross order value (GOV) — the total value of all orders placed in its mainstay food delivery business — grew by 28 per cent and Blinkit’s GOV soared 97 per cent during the quarter.

Zomato’s total expenses jumped nearly 50 per cent due to a surge in marketing and sales promotion costs.

Its contribution margin, a key profit metric, however, expanded to 7.5 per cent from 5.8 per cent a year ago as the company started charging a platform fee on all grocery and food orders.

Rapid store expansion underway in quick commerce business. The company is aiming for 1,000 stores by March 2025.

Shares of Zomato were last seen trading 1.46 per cent lower at Rs 198.45 during fag-end deals today.

Bourses BSE and NSE have put the securities of Zomato under the long-term ASM (Additional Surveillance Measure) framework. Exchanges put stocks in short-term or long-term ASM frameworks to caution investors about high volatility in share prices.

Bharat Forge Share Price Live blog for 08 May 2024.

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Bharat Forge stock price went up today, 08 May 2024, by 6.18 %. The stock closed at 1240.2 per share. The stock is currently trading at 1316.8 per share. Investors should monitor Bharat Forge stock price closely in the coming days and weeks to see how it reacts to the news.

Bharat Forge Share Price Today: On the last day of trading, Bharat Forge opened at ₹1242 and closed at ₹1240.2. The stock reached a high of ₹1356.15 and a low of ₹1209. The market capitalization stood at ₹61314.82 crore. The 52-week high for the stock is ₹1330 and the 52-week low is ₹753.1. The BSE volume for the day was 154515 shares traded.

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Bharat Forge share price update: Volume traded till 2 PM is 1131.32% higher than yesterday

The volume of Bharat Forge traded by 2 PM is significantly higher today, at 1131.32% above yesterday’s volume. The price of the stock is currently trading at ₹1358, reflecting a 9.5% increase. Volume traded is a crucial factor in analyzing market trends, alongside price movements. A positive price trend accompanied by high volume indicates a sustainable upward movement, while a negative price trend with high volume could signal a potential further decline in prices.

Bharat Forge share price NSE Live: Hourly Price Movement Update

The stock price has been moving between 1381.17 and 1248.22 levels in the last hour. Traders may want to consider rangebound trading strategies by purchasing near hourly support at 1248.22 and selling near hourly resistance at 1381.17.
The hourly support and resistance levels to watch out for in the next hour are mentioned below.

Resistance LevelsPriceSupport LevelsPrice
Resistance 11364.57Support 11306.72
Resistance 21388.13Support 21272.43
Resistance 31422.42Support 31248.87

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Bharat Forge share price live: Consensus analyst’s rating is Hold

The analyst recommendation trend is shown below with the current rating as Hold.

  • The median price target is ₹1180.0, 12.15% lower than the current market price.
  • The lowest target price among analyst estimates is ₹800.0
  • The highest target price among analyst estimates is ₹1346.0
RatingsCurrent1 Week Ago1 Month Ago3 Months Ago
Strong Buy5545
Buy1010108
Hold2224
Sell3343
Strong Sell4444

Bharat Forge share price Live: Bharat Forge closed at ₹1240.2 on the last trading day & the technical trend suggests Bullish term outlook

The stock traded in the range of ₹1356.15 & ₹1209 yesterday to end at ₹1240.2. The stock is currently experiencing a strong bullish trend

Meet the Brother Sister Team that Quit Career Opportunities to Launch Businesses Valued at Crores Bthey were Motivated by…

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Tara and Nikil Viswanathan These Brother Sisters have achieved remarkable achievements through their diligence, fortitude, and commitment.

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Tara and Nikil Viswanathan, Brother Sisters who have attained great success via their hard work, perseverance, and dedication, are among the rare siblings who can both demonstrate their success independently and who recognize the lessons their parents instilled in them, inspiring them to take calculated risks and perseverance. Despite having experienced several setbacks in the past, these two siblings have built multimillion-dollar businesses entirely on their own. Many people find inspiration in their stories, and they credit their parents’ values for their success.

Nikil founded several businesses after working for well-known companies like Google, Facebook, and Microsoft. Tara and Nikil are both Stanford University graduates, and their companies process over billion-dollar transactions annually. He rose to fame with his social app Down To Lunch, while Tara gained experience working for some businesses before starting her own business, Rupa Health. Rupa Health is revolutionizing the healthcare industry, and reports place its current valuation at approximately Rs 9,900 crore ($120 million).

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Nikil’s company, Alchemy, is referred to as the “Microsoft of Blockchain” and has a total valuation exceeding Rs 84,787 crore ($10.2 billion). As a result, Nikil is one of the richest individuals in the world, with a net worth of Rs 14,960 crore.

IFCI Share Price Today Live Updates: IFCI Stock Gains in Today Trading.

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IFCI Share Price went up today, 06 May 2024, by 1.69 %. The stock closed at 52.51 per share. The stock is currently trading at 53.4 per share. Investors should monitor IFCI stock price closely in the coming days and weeks to see how it reacts to the news.

IFCI Share Price Today: On the last day of trading, IFCI’s open price was ₹54.99 and the close price was ₹52.51. The high for the day was ₹54.99 and the low was ₹51.70. The market capitalization of IFCI stood at ₹13,980.1 crore. The 52-week high for the stock was ₹71.70, and the 52-week low was ₹10.95. The BSE volume for IFCI was 4,977,411 shares traded.

IFCI share price live: Simple Moving Average

DaysSimple Moving Average
5 Days48.24
10 Days45.09
20 Days45.00
50 Days44.75
100 Days41.20
300 Days30.17

IFCI Short-Term and Long-Term Trends

As per the Technical Analysis, the short-term trend of IFCI share is Bullish and the long-term trend is Bullish

IFCI share price Today: Volume traded till 2 PM is -62.74% lower than yesterday

The volume of IFCI traded until 2 PM is 62.74% lower than yesterday, with the price trading at ₹52.98, a decrease of 0.9%. Volume traded is a crucial factor, along with price, for analyzing trends. A positive price movement accompanied by higher volume indicates a sustainable upward trend, while a negative price movement with higher volume could signal further price declines.

IFCI share price Live: Hourly Price Movement Update

IFCI reached a peak of 53.6 and a low of 52.42 in the previous trading hour. In the last hour, the stock price surpassed the hourly resistance at 53.05 (Resistance level 1), suggesting bullish momentum.
The hourly support and resistance levels to watch out for in the next hour are mentioned below.

Resistance LevelsPriceSupport LevelsPrice
Resistance 153.76Support 152.58
Resistance 254.27Support 251.91
Resistance 354.94Support 351.4

IFCI share price update: IFCI is trading at ₹53.4, up 1.69% from yesterday’s ₹52.51

IFCI share price is at ₹53.4 and is still trading between the key support and resistance levels of ₹51.15 and ₹54.5 on a daily timeframe. If it crosses the support of ₹51.15 then we can expect a further bearish movement. On the other hand, if the price crosses 54.5 then it will lead to a bullish movement.

IFCI share price NSE Live: Volume traded till 1 PM is -63.72% lower than yesterday

The volume of IFCI traded until 1 PM is down by 63.72% compared to yesterday, with the price trading at ₹53.28, a decrease of 1.47%. Volume traded is a key indicator, along with price, for analyzing trends. A positive price trend accompanied by increased volume indicates a sustainable upward movement, while a negative price trend with higher volume could signal further price declines.

IFCI share price Today: Hourly Price Movement Update

IFCI’s stock traded between 53.25 and 52.65 in the previous hour. The price fell below key hourly resistances of 53.02 and 52.84, suggesting notable selling pressure. Traders holding long positions may consider exiting, while new investors can assess the possibility of a reversal if the stock is oversold on an hourly basis.
The hourly support and resistance levels to watch out for in the next hour are mentioned below.

Resistance LevelsPriceSupport LevelsPrice
Resistance 153.05Support 152.45
Resistance 253.45Support 252.25
Resistance 353.65Support 351.85

IFCI share price NSE Live: Hourly Price Movement Update

The stock price has been moving between the levels of 53.69 and 52.91 in the last hour. Traders could consider utilizing rangebound trading strategies by purchasing near the hourly support at 52.91 and selling near the hourly resistance at 53.69.
The hourly support and resistance levels to watch out for in the next hour are mentioned below.

Resistance LevelsPriceSupport LevelsPrice
Resistance 153.47Support 153.02
Resistance 253.74Support 252.84
Resistance 353.92Support 352.57

IFCI Short-Term and Long-Term Trends

As per the Technical Analysis, the short-term trend of IFCI share is Bullish, and the long-term trend is Bullish

IFCI share price live: Simple Moving Average

DaysSimple Moving Average
5 Days48.24
10 Days45.09
20 Days45.00
50 Days44.75
100 Days41.20
300 Days30.17

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IFCI share price update: IFCI is trading at ₹53.22, up 1.35% from yesterday’s ₹52.51

IFCI share price is at ₹53.22 and is still trading between the key support and resistance levels of ₹51.15 and ₹54.5 on a daily timeframe. If it crosses the support of ₹51.15 then we can expect a further bearish movement. On the other hand, if the price crosses 54.5 then it will lead to a bullish movement.

IFCI share price NSE Live: Volume traded till 11 AM is -62.36% lower than yesterday

The volume of IFCI traded by 11 AM is 62.36% lower than the previous day, with the price at ₹53.24, down by 1.39%. Volume traded is a key indicator, along with price, for analyzing trends. A price rise accompanied by increased volume indicates a sustainable upward trend, while a drop in price with higher volume could signal further price declines.

IFCI share price Today: Hourly Price Movement Update

The stock price has been moving between 53.89 and 51.84 levels in the last hour. Traders may want to consider rangebound trading strategies by buying near the hourly support at 51.84 and selling near the hourly resistance at 53.89.
The hourly support and resistance levels to watch out for in the next hour are mentioned below.

Resistance LevelsPriceSupport LevelsPrice
Resistance 153.69Support 152.91
Resistance 254.05Support 252.49
Resistance 354.47Support 352.13

IFCI share price Live: IFCI closed at ₹52.51 on last trading day & the technical trend suggests Bullish near term outlook

The stock traded in the range of ₹54.99 & ₹51.7 yesterday to end at ₹52.51. The stock is currently experiencing a strong bullish trend

Isha Ambani, the daughter of Mukesh Ambani, opens Reliance new brand, a Rs 8200000000000 business to…

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In August 2022, Mukesh Ambani gave his daughter Isha Ambani the reigns of the business. Isha Ambani has been rapidly growing and expanding Reliance Retail ever since.

Currently, Mukesh Ambani holds the title of Asia’s richest man, with an enormous net worth of Rs 963570 crore. Reliance Retail, one of Reliance Industries’ best-performing companies, is run by his daughter Isha Ambani. For those who do not know, Reliance Industries has a market capitalization of Rs 1971000 crore, making it the most valuable corporation in India. Isha Ambani’s Reliance Retail, valued at more than Rs 820000 crore, has expanded dramatically over the last 12 months. The company just introduced Nails Our Way, a new private-label brand to keep up the fast pace. As the name implies, Nails Our Way, a brand under Reliance Retail’s Tira Beauty, will provide various nail care and color options.

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The new brand of Isha Ambani’s Reliance Retail will be offering nail colors in four collections – Gel Well, Swift Dry, Breathe Away, and Treat Coat. Along with the nail colors, the brand will offer nail care solutions including the No Bump Base, Cuti Care, and Toughen Up formulas.

Mukesh Ambani handed over the reins of the company to his daughter Isha Ambani in August 2022. Since then, Isha Ambani has been aggressive with the growth and expansion of Reliance Retail. Currently valued at over Rs 820000 crore, Isha Ambani-led Reliance Retail has partnered with several major brands in the previous year.

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For those who are unaware, Tira has been co-founded by Bhakti Modi, daughter of Mukesh Ambani’s close aide. Tira is overseen by Isha Ambani and it competes against the likes of Nykaa, Tata Cliq Palette, Myntra, and others. For its promotion during the launch, Tira hired Kareena Kapoor, Kiara Advani, and Shah Rukh Khan’s daughter Suhana Khan as its brand ambassadors.

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