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Longevity finance: Gift-City regulator IFSCA sets up expert committee
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Delhi HC extends insurance benefit under welfare scheme to lawyers
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Insurance relief for bereaved kin of home guard
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Yoganand D
BL Research Bureau |
Updated on
June 16, 2021
New India Assurance×
Investors with a short-term perspective can buy The New India Assurance Company (NIACL) at current levels. Since the stock took support at ₹100 in early November 2020 and began to trend upwards, it has been in an intermediate-term uptrend.
After a corrective decline from the 52-week high of ₹197 recorded in mid-February this year, the stock found support at ₹140 in late April. The stock subsequently started to trend upwards and has been in a short-term uptrend since April low. Following a minor corrective decline in the past week, the stock has taken support and gained 5 per cent with above average volume on Wednesday. This rally has strengthened the short as well as intermediate-term uptrend.