Despite touching fresh lifetime high levels, domestic equity benchmarks settled flat last week as investors’ hope for a June rate cut were dashed by higher-than-expected inflation in the US, compounded by positive US employment and manufacturing data. Escalating geopolitical tensions in the Middle East, alongside supply concerns, have propelled crudeRead More →
Indian stock market traded volatile in the first week of the new financial year but managed to end on a positive note. Weak global cues continue to weigh on the sentiment however, buying in select heavyweights across sectors not only capped the damage but also helped the index to closeRead More →
The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,559 level, a discount of 52 points from the Nifty futures’ previous close. On Thursday, the domestic equity indices snapped a two-day losing run and ended higher ahead ofRead More →
The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 22,173 level, a premium of nearly 6 points from the Nifty futures’ previous close. On Wednesday, the domestic equity market ended with decent gains, with the benchmark Nifty 50Read More →
The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 22,050 level, a discount of nearly 40 points from the Nifty futures’ previous close. On Tuesday, the domestic equity indices snapped their three-day gaining streak and ended half aRead More →
Indian stock market: Nifty witnessed two days of recovery following a doji formation on the daily chart, indicating a bullish reversal. Moreover, the Nifty has reclaimed the critical 55-day exponential moving average. However, Nifty needs to cross over 22,100 to witness a clear rally towards the all-time high of 22,525.Read More →
Domestic equity benchmarks traded volatile – witnessing a roller-coaster move amid mixed cues last week before closing the week in positive territory by gaining nearly half a per cent. Initially, prices declined to a five-week low amid escalating concerns about froth building in the midcap and smallcap segments. The pressureRead More →
Indian stock market: The Nifty has once again closed below the rising trendline, bringing market sentiment back into a state of weakness. The momentum indicator suggests bearish momentum in the near term. Immediate support is situated at the 50DMA, currently at 21,900, which is expected to provide support for theRead More →
Indian stock market: The Nifty stayed below the psychological 22,500 mark, with call writers at the 22,500 strikes significantly increasing their positions. On the downside, support is expected to hold at 22,400. The buy-on-dips strategy is likely to persist as long as it remains above 22,400. On the upside, aRead More →
The domestic equity benchmarks witnessed a volatile week but extended their winning streak for a fourth consecutive week to hit new all-time highs –the best such streak in three months. The frontline indices Sensex and Nifty 50 hit fresh record highs in the previous session at 22,525.65 and 74,245.17 respectivelyRead More →
