Salasar Techno Engineering News Today

Indian shares are likely to open higher on Monday, tracking Asian peers, after a moderation in a key U.S. inflation reading heightened hopes of a Federal Reserve rate cut in June....

The stock was trading 3% higher at Rs 261 on BSE at 12:13 pm. It has advanced 51% in the last six months and 250% in the last year. Technically, the stocks day RSI (14) is at 52.2.

The Rwanda Transmission System Reinforcement and Last Mile Connectivity project (TSRLMC) worth USD 7.152 million equivalent to Rs 596.21 million (Rs 59.6 crore) is for plant design, supply and installation of 45.8 km, 110 KV double circuit Rukarara-Huye-Gisagara transmission lines, it said.

There is concern among HNIs that they too may be questioned if the companies they invested in are found to have ties with Tibrewala

According to the ED, Tibrewala has been laundering the proceeds from the betting operations by investing the money in shares of companies listed on the BSE and NSE.

The Nifty 50 is expected to take a support at 22,050-22,000, with immediate resistance at 22,350.

Know what stocks veteran bulls are eyeing, what the bears are ganging up against, major deals and all the inner goings-on from Dalal Street

Indian markets closed sharply lower at the start of the week but soon recovered and closed the week near its high. A sharp fall on Monday helped release some pressure, however, markets have steadily crawled higher, further building the pressure

HNIs have become the go-to source of capital for many small companies.

Nifty need to sustain above 22,150 to end the consolidation and march towards the 22,500+ zone else profit taking may resume, says expert.