People management coaching and certification company Great Manager Institute has raised 270,000 USD from well-known executive leaders Sanjay Mehta, Co-founder & Chairman of VCosmos and former MD of Teleperformance, Ajay Kaul, F&B veteran and former CEO of Jubilant Foodworks (Domino’s Pizza), and Dr Suresh Surana, Founder of one of India’s top accounting, tax, and consulting groups.The funds are expected to contribute towards brand revamp and technology development of Great Manager Institute, which has now positioned itself as the pathways for actualising potential of working professionals. Based out of Mumbai, the company is associated with more than 4,000 companies across India and has worked with more than 28,000 people managers and leaders.”The investment comes from leaders who have demonstrated people leadership themselves and have played significant roles in transforming organizations through people leadership. We welcome them as shareholders, and we shall use their guidance and funds to deliver on our promise of a world class product from India,” says Prasenjit Bhattacharya, Co-founder and CEO of Great Manager Institute and Founder Director of Great Place to Work India and Sri Lanka.Founded by Prasenjit Bhattacharya, Dalreen Patrao, and Ashwin Srivastava in 2017, Great Manager Institute has recently been in news for setting up its new advisory board and appointment of industry veteran Prasenjit Bhattacharya as its full time CEO.Great Manager Institute is also known for the Great People Manager Study, the largest study of its kind, that certifies and recognizes great people managers from across India. Winners are published in leading media publications such as Forbes India and honoured through books, articles and several brand building exercises. The list for 2021 is expected to come out in the middle of January 2022. Great Manager Institute has also completed a rebranding exercise, with a new logo and tagline that manifests its vision of equipping people managers with structured pathways to achieve their potential.
The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.
While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.
Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.
Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.
On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.
Source: Choice India