Nifty traded in a tight range of 111 points to end below the 15,700 level. It formed a small bearish candle on the daily chart with a long lower wick, indicating buying at lower levels. Analysts said the index was showing lack of strength at higher levels with some indicators sending overbought signals. Will the Nifty gain strength this week and move towards the 15,800-15,900 zone?
Equities in other Asian markets cheered in the early session in line with global markets as strong US economic data solidified hopes of continuing recovery.
U.S. law firm White & Case has hired capital markets expert Rahul Guptan as a partner in Singapore from Magic Circle firm Clifford Chance, where Guptan spent nearly 13 years, and was most recently co-head of the Global India Group.
Indiabulls Housing extends relief measures for families of Covid-hit staff
By IANS |
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Indiabulls.. Image Source: IANS News
New Delhi, May 23 : Indiabulls Housing Finance has extended its support initiatives for the Covid-hit employees and their families.
The company has decided that in case of a death of any of its employees due to Covid, it would continue to pay the monthly salary to the bereaved family for a period of two years, among other measures.
In an email to the employees, Gagan Banga, MD of Indiabulls Housing Finance Limited said: I would like to reassure all of you that Indiabulls Housing is behind your family and you. In the unfortunate event of the demise of any of our employees to Covid, we will continue to pay the monthly salary of our employee to their family for two years.