Capitalstars:-After arrest, Bank Of Maharashtra CEO-MD removed

In an abrupt move, the Board of Directors of the Bank of Maharashtra on Friday resolved to remove arrested CEO and Managing Director Ravindra P. Marathe from all functional responsibilities with immediate effect. According to a statement, Executive Director A.C. Rout, has been appointed in his place, of the Pune-headquartered bank. The development came nine days after the Pune police's Economic Offences Wing (EOW) swooped on the bank and nabbed Marathe and six others in a case of around Rs 2,43 crore fraudulent loans extended to the Pune-based DSK Group. The EOW has also arrested the public sector bank's Executive Director Rajendra...

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Nifty ends June series with a cut of over 1%

Indian Indices:                             The Nifty5o slipped below its crucial support at 10,600 but the real carnage was seen in the small and midcap space on Thursday. The index finally closed 82 points lower at 10,589. Global Market: ·       Asian markets- Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.34% while the Hang Seng is up 0.98%. The Shanghai Composite is not trading. ·       US...

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Nifty likely to open flat

Indian Indices:                             Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 30 points or 0.28 percent. Nifty futures were trading around 10,645-level on the Singaporean Exchange. Global Market: ·       Asian markets- Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.22% while the Hang Seng is up 0.50%. The Nikkei 225 is not trading. ·       US...

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Nifty likely to open flat

Indian Indices:                             Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 17.5 points or 0.16 percent. Nifty futures were trading around 10,743-level on the Singaporean Exchange. Global Market: ·       Asian markets- Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.41% while the Hang Seng is down 0.47%. The Shanghai Composite is not trading.. ·       US...

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CapitalStars Kamyabi Ki Raah on CNBC Awaaz

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Nifty may retest critical support around 10,700

Indian Indices:                             Benchmark indices are flat in pre-opening trade amid global weakness on ongoing trade tensions between US and China. The Sensex rose 21.98 points to 35,492.33 while the Nifty fell 23.20 points to 10,739.30. Global Market: ·       Asian markets- Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.52% while the Hang Seng is down 0.95%. The Shanghai Composite is not trading. ·       US...

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Nifty to face resistance around 10,860 levels

Indian Indices:                             Nifty patterns on multiple timeframes show it ended the week with a Dragonfly Doji. Bank Nifty ended Friday 1.02 percent higher at 26,766.85. Global Market: ·       Asian markets- Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.37% while the Hang Seng is down 0.60%. The Shanghai Composite is not trading. ·       US Markets: The threat of a full-blown trade...

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Amid volatility equity indices rise for 5th straight week

Despite volatility and a broadly bearish momentum, the key Indian equity indices rose for the fifth consecutive week, although with marginal gains. Value buying by investors, primarily in banking, healthcare and auto stocks on Friday helped the indices end higher than the previous week's levels. The gains in the week ended Friday, were limited by global trade war concerns due to imposition of tariffs and counter-tariffs internationally. Index-wise, the barometer 30-scrip Sensitive Index (Sensex) of the BSE rose by 67.46 points or 0.19 per cent to close at 35,689.60 points on a weekly basis. The wider Nifty50 of the NSE closed the...

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Nifty likely to open flat

Indian Indices:                             Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 34.5 points or 0.32 percent. Nifty futures were trading around 10,698-level on the Singaporean Exchange. Global Market: ·       Asian markets- Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.85% while the Hang Seng is down 0.08%. The Shanghai Composite is not trading. ·       US...

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