Cash Market | A breakout trade from a rounding bottom pattern in Exide
Exide seems to be reversing from the lows and price seems to be breaking out from a rounding bottom pattern.
Hot Stocks | Here’s why ICICI Bank, Maruti Suzuki can return up to 7% in short term
Nifty consolidated with slight negative bias on April 13 and the theme continued in subsequent sessions as well. On April 16, the index opened lower and then had a decent recovery to close tad below the 9,000 levels.
However, the real action was seen on April 17 as we had a massive gap up opening followed by indecisive swings throughout the first half. During the latter half, strong buying emerged across the board to end the week well above 9,200, adding a couple of percent gains to the bulls’ kitty.
Alibaba says to invest $28 billion in cloud computing services
China’s Alibaba Group Holding Ltd will invest 200 billion yuan ($28.27 billion) in cloud infrastructure over a three year period, the e-commerce company said on Monday.
The plan comes as the coronavirus pandemic has increased demand for cloud services and data centres.
Coronavirus lockdown | Mahindra asks if physical retailers could be allowed to home-deliver non-essentials
Mahindra Group Chairman Anand Mahindra on Sunday asked if physical retailers could be allowed to do home deliveries of non-essentials after the government’s move to ban e-commerce players from home delivery of the same items during the lockdown.
Mahindra was responding to a tweet by Commerce and Industry Minister Piyush Goyal who thanked Prime Minister Narendra Modi for "the clarification that e-commerce companies can only supply essential goods during the lockdown. This will create a level playing field for small retailers."
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