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Kunal Shah's CRED receives in-principle approval for payment aggregator business Credit Card bill payment leader CRED has received the in-principle approval to enter into the payment aggregator business, a media report said on Friday. According to TechCrunch, citing sources, the startup received the initial approval from the Reserve Bank of India (RBI) for the payment aggregator license this week. This development marks a step forward for the fintech company towards the expansion of its business offerings. When reached, the company did not immediately comment. ...
Kunal Shah's CRED receives in-principle approval for payment aggregator business
Kunal Shah's CRED receives in-principle approval for payment aggregator business
Source: IANS
2024-04-20 09:21:16 am
Auto, real-estate stocks lead broad-based rally in markets The Nifty maintained its strength by staying above 22,500 throughout Monday, exceeding the previous all-time high of 22,619, said Rupak De, Senior Technical Analyst, LKP Securities. "However, the index has reached near the upper band of the rising wedge, which might act as resistance in the short term. The index might consolidate within a range over the short term. On the lower end, support is placed at 22,500, below which the index might fall back into consolidation," De said. ...
Auto, real-estate stocks lead broad-based rally in markets
Auto, real-estate stocks lead broad-based rally in markets
Source: IANS
2024-04-08 04:40:57 pm
Bank Nifty edges higher on robust credit growth Although the RBI policy meeting unfolded as anticipated on Friday, concerns over food inflation and warnings of a heat wave tempered the sentiment, said Vinod Nair, Head of Research at Geojit Financial Services. While the main domestic indices concluded with marginal movement, the Bank Nifty edged higher, propelled by robust credit growth in Q4FY24, Nair said. The global sentiment was dampened by the rise in oil prices and tensions in the Middle East, as investors remain attentive to th...
Bank Nifty edges higher on robust credit growth
Bank Nifty edges higher on robust credit growth
Source: IANS
2024-04-05 04:34:35 pm
Good governance crucial than highest market cap for startups: Industry leaders As certain Indian digital companies like Byju’s, with a mammoth $22 billion valuation once, get embroiled in corporate governance issues, top industry leaders have said that running a clean company with honest practices and good governance is more important than having the highest market cap. In a conversation with Kunal Shah, founder of fintech major CRED, veteran investor and Info Edge Founder Sanjeev Bikhchandani said that the leader’s role is not to sell stock but to ensure...
Good governance crucial than highest market cap for startups: Industry leaders
Good governance crucial than highest market cap for startups: Industry leaders
Source: IANS
2024-03-20 11:18:40 am
Nifty`s momentum remains bullish, say analysts The Nifty commenced the week with a consolidated move on Monday, resulting in the formation of a Doji candle on the daily chart. Despite this, the overall sentiment remained bullish, said Kunal Shah, Senior Technical & Derivative Analyst, LKP Securities. The Nifty closed at 22,405.60 on Monday, up 27 points, or 0.12 per cent, while the Sensex settled at 73,872.29, up 66 points, or 0.09 per cent. A decisive break above 22,440 for Nifty is anticipated to intensify the momentum, tar...
Nifty`s momentum remains bullish, say analysts
Nifty`s momentum remains bullish, say analysts
Source: IANS
2024-03-04 05:03:40 pm
Markets take a breather after recent run-up The market took a breather on Monday after the recent run-up as investors' focus shift from earnings to economic triggers this week, said Vinod Nair, Head of Research at Geojit Financial Services. While Nifty was down 90.65 points, or 0.41 per cent, at 22,123.85 at close on Monday, Sensex was down 352.67 points, or 0.48 per cent, at 72,790.13. The US and India GDP data, eurozone inflation, and US jobless claim data will be influential economic numbers for the central bank to take a ...
Markets take a breather after recent run-up
Markets take a breather after recent run-up
Source: IANS
2024-02-26 05:37:15 pm
Nifty pattern indicating at potential pause in ongoing rally The Indian market is facing stiff resistance at higher levels; the valuation of a broader index is at a significant premium, leading to an unfavourable risk reward, which influences investors to book profits, said Vinod Nair, Head of Research at Geojit Financial Services. Global markets traded cautiously awaiting the US Fed minutes, while Chinese markets were buoyed by policy interventions. Concerns lingered since investors were heavily betting on a US FED rate cut, which is put at risk by...
Nifty pattern indicating at potential pause in ongoing rally
Nifty pattern indicating at potential pause in ongoing rally
Source: IANS
2024-02-21 05:29:24 pm
Kunal Shah`s CRED acquires wealth management platform Kuvera  Credit Card bill payment leader CRED on Tuesday announced the acquisition of the online wealth management platform Kuvera in an effort to take on the likes of Zerodha and Groww. However, the total acquisition cost has not been disclosed by the startup. "Together with CRED we see an exciting opportunity to fast-track building new products and features for our community while also bringing a trusted wealth management solution to millions more," Gaurav Rastogi, Founder, Kuv...
Kunal Shah`s CRED acquires wealth management platform Kuvera
Kunal Shah`s CRED acquires wealth management platform Kuvera
Source: IANS
2024-02-06 05:41:45 pm
Bank Nifty projected to hit 50,000-mark The Bank Nifty bulls are maintaining their robust momentum, pushing the index beyond the 48,000-level, Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities, said on Friday. The overall market sentiment remains bullish, supported by a strong base at 47,500. Any retracement towards this support level is seen as buying opportunities. The upside potential for the index is projected to reach 50,000, indicating continued optimism among market participants, Shah said. Vinod ...
Bank Nifty projected to hit 50,000-mark
Bank Nifty projected to hit 50,000-mark
Source: IANS
2023-12-15 05:51:06 pm
Quote on Bank Nifty : The Bank Nifty index encountered resistance at 44,500, where notable selling pressure emerged in the last half-hour of trading says Kunal Shah, LKP Securities Below the Quote On Bank Nifty 16 November 2023 By Kunal Shah,Senior Technical & Derivative Analyst at LKP Securities.     "The Bank Nifty index encountered resistance at 44,500, where notable selling pressure emerged in the last half-hour of trading. The index continues to adopt a "buy on dip" strategy, with a support level at 43,700, aligning with its 20-day moving average (20 DMA). A close above 44,500 is anticipated to trigger additional short-cov...
Quote on Bank Nifty : The Bank Nifty index encountered resistance at 44,500, where notable selling pressure emerged in the last half-hour of trading says Kunal Shah, LKP Securities
Quote on Bank Nifty : The Bank Nifty index encountered resistance at 44,500, where notable selling pressure emerged in the last half-hour of trading says Kunal Shah, LKP Securities
Source: LKP Securities
2023-11-16 04:50:34 pm
Indian markets witness resurgence as investors' anxiety drops  The Indian market is resurging amid a drop in investors' anxiety as Nifty VIX contracts generously, Vinod Nair, Head of Research at Geojit Financial Services, said on Friday. The optimism is buoyed by firm global clues, steady macro-economic data and strong domestic corporate earnings. Clues that the US Fed is unlikely to hike rates in the future and modest decline in oil prices are adding to the optimism, Nair said. On Friday, Nifty 50 closed at 19,230.60, up 97 points, or 0....
Indian markets witness resurgence as investors' anxiety drops
Indian markets witness resurgence as investors' anxiety drops
Source: IANS
2023-11-03 05:40:30 pm
Quote on Bank Nifty : The BankNifty index witnessed a significant double top breakdown pattern, which often signals a reversal in trend Says Kunal Shah, LKP Securities Below View on Bank Nifty 22 September 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities"The BankNifty index witnessed a significant double top breakdown pattern, which often signals a reversal in trend. This bearish pattern was largely influenced by selling pressure in HDFC Bank.The index breached its 20-day moving average (20DMA) located at 45,000. A break above this level could trigger some short-covering, but the overall sentiment remains bearish.The prev...
Quote on Bank Nifty : The BankNifty index witnessed a significant double top breakdown pattern, which often signals a reversal in trend Says Kunal Shah, LKP Securities
Quote on Bank Nifty : The BankNifty index witnessed a significant double top breakdown pattern, which often signals a reversal in trend Says Kunal Shah, LKP Securities
Source: LKP Securities
2023-09-22 04:52:06 pm
Quote on Bank Nifty : Banking benchmark Index dropping below the 45,000 mark for the first time in several days Says Kunal Shah, LKP Securities Below View on Bank Nifty 21 September 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities"Bank Nifty experienced a significant correction during the day, with the Banking benchmark Index dropping below the 45,000 mark for the first time in several days. Furthermore, it fell below both the 20EMA and 50EMA on the daily timeframe. The RSI is signaling bearishness with a bearish crossover on the daily timeframe. In the short term, it could potentially move towards...
Quote on Bank Nifty : Banking benchmark Index dropping below the 45,000 mark for the first time in several days Says Kunal Shah, LKP Securities
Quote on Bank Nifty : Banking benchmark Index dropping below the 45,000 mark for the first time in several days Says Kunal Shah, LKP Securities
Source: LKP Securities
2023-09-21 05:17:08pm
Nifty fell 2.2% in last three days amid profit booking at higher levels Domestic equities declined for the third straight day on Thursday after the US Fed?s hawkish stance in its policy meeting.Nifty continued its downward journey to close with a loss of 159 points (-0.8 per cent) at 19,742 levels, while Sensex plunged 570.60 points (-0.85 per cent) to settle at 66,230, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.Selling was seen across the sector including broader markets. Banking, auto, financial services, and realty were...
Nifty fell 2.2% in last three days amid profit booking at higher levels
Nifty fell 2.2% in last three days amid profit booking at higher levels
Source: IANS
2023-09-21 05:11:39pm
Quote on Bank Nifty : The immediate downside support for the Bank Nifty stands at 45300 Says Kunal Shah, LKP Securities Below View on Bank Nifty 20 September 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities"The Bank Nifty index faced negative news related to HDFC Bank, which had a detrimental impact on the index's performance. As a result, selling pressure was observed throughout the trading day.The index breached the key support level of 46000, which has now turned into a resistance level on the upside. To resume the upward momentum, the index would need to close above this...
Quote on Bank Nifty : The immediate downside support for the Bank Nifty stands at 45300 Says Kunal Shah, LKP Securities
Quote on Bank Nifty : The immediate downside support for the Bank Nifty stands at 45300 Says Kunal Shah, LKP Securities
Source: LKP Securities
2023-09-20 04:54:13pm
Quote on Bank Nifty : The Bank Nifty index experienced profit booking at higher levels and struggled to surpass the 46300 mark Says Kunal Shah, LKP Securities Below View on Bank Nifty 18 September 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities"The Bank Nifty index experienced profit booking at higher levels and struggled to surpass the 46300 mark. The PSU (Public Sector Undertaking) bank sector emerged as a clear outperformer in the index. This outperformance is expected to continue in the near term, potentially driven by positive sentiment or specific factors affecting PSU banks. The Bank Nifty has an imm...
Quote on Bank Nifty : The Bank Nifty index experienced profit booking at higher levels and struggled to surpass the 46300 mark Says Kunal Shah, LKP Securities
Quote on Bank Nifty : The Bank Nifty index experienced profit booking at higher levels and struggled to surpass the 46300 mark Says Kunal Shah, LKP Securities
Source: LKP Securities
2023-09-18 04:51:09pm
Quote on Nifty : The Nifty index has been consolidating within a broad range, with notable call writing activity observed at higher levels Says Kunal Shah, LKP Securities Below View on Nifty 18 September 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities"The Nifty index has been consolidating within a broad range, with notable call writing activity observed at higher levels. This suggests that market participants are cautious and have been selling call options to hedge against potential downward movements. The sideways trend in the index is expected to persist in the upcoming trading sessions. This is attributed to the an...
Quote on Nifty : The Nifty index has been consolidating within a broad range, with notable call writing activity observed at higher levels Says Kunal Shah, LKP Securities
Quote on Nifty : The Nifty index has been consolidating within a broad range, with notable call writing activity observed at higher levels Says Kunal Shah, LKP Securities
Source: LKP Securities
2023-09-18 04:47:32pm
Quote on Bank Nifty : On the downside, key support is seen at 45,200, and if it manages to hold this support Says Kunal Shah, LKP Securities Below View on Bank Nifty 12 September 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities"After a remarkable upward movement over the past week, the market experienced selling pressure from higher levels. Call writers have significantly increased open interest at the 46,000CE strike, which is now acting as a strong resistance level. On the downside, key support is seen at 45,200, and if it manages to hold this support, we could witness some recovery towar...
Quote on Bank Nifty : On the downside, key support is seen at 45,200, and if it manages to hold this support Says Kunal Shah, LKP Securities
Quote on Bank Nifty : On the downside, key support is seen at 45,200, and if it manages to hold this support Says Kunal Shah, LKP Securities
Source: LKP Securities
2023-09-12 05:58:46pm