Stocks in the news: Kotak Mahindra Bank, Kaveri Seed, Jet Airways, BEML and JK Cement – Economic Times
Meanwhile, Dynamatic Technologies has signed an MoU with SAAB Technologies. Read More
reported by Reuters at The Times of India
Crude Oil Quant Analysis: 22/Feb/19
MCX crude Oil futures technical chart has taken the formation of “Ascending broadening wedge” pattern in 4-hours’ time frame. Previous session ended up bearish in trend and consolidated, retesting near the channel’s resistance slope line. As per the technical aspects based on the current price action, the market is expected to continue on bearish trend. The negative rally could be testing all the way up to 4000-3950 level in the upcoming sessions. An alternative scenario indicates that if the market break above a key resistance zone holding at 4100 then it might turn bullish once again. Such break out could possibly test up to 4200 level. Key support holds at 3950.
Oil prices fall as U.S. crude output hits record 12 million bpd – Investing.com
Oil prices fall as U.S. crude output hits record 12 million bpd Read More
reported by Reuters at Investing.com
IIFL’s Nirmal Jain Sees No Systemic Risk In India’s ‘Fragile’ Real Estate Sector – BloombergQuint
The biggest risks to Indian realty might come from Mumbai, according to Nirmal Jain. Read More
reported by Aishwarya Tendolkar at Bloombergquint.com
Uber Eats India likely to end up on Swiggy’s plate – Economic Times
This is in line with Ubers strategy to cut down on losses as it prepares for a IPO at a valuation of $120-150 billion. Read More
reported by Aditi Shrivastava and Samidha Sharma at The Times of India
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