After closing 2023 on a high, the Indian equity market saw a slow start to 2024. In the week that ended 5 January, the benchmark Nifty 50 index was down 0.1% week-on-week in local-currency terms. Having said that, India was on a better footing than its Asian peers. Last weekRead More →
Market has initiated 2024 with a positive stance, the outlook for equities appears promising, however equally favorable projections are for debt, commodities, and real estate. Equities is starting the year at premium valuation; it will have to handle headlines and hold-on to the rally waving since November 2023. The globeRead More →
Indian stock market: Following a rapid rebound from its positional support at 21500, bullish activity has resumed in the market, with buying interest evident during dips. The prevailing sentiment is bullish, but Nifty encounters initial resistance at 21750, facing selling pressure. Immediate support rests at 21600. A conclusive close aboveRead More →
Top News SEBI has extended the timeline for KRAs to complete validation /verification of existing KYC records based on OVDs other than Aadhaar on or before March 31, 2024, failing which such deficient records shall be put on ‘HOLD’ and treated as invalid and the investors shall not be allowedRead More →
The baseline scenario incorporates the expectation of sustained disinflation and a decline in yields, a moderate global economic growth deceleration, favorable oil and commodity prices, and a positive outcome in the 2024 general elections. Also read: MobiKwik IPO: 7 crucial things to know from DRHP Nevertheless, India faces substantial risksRead More →
Stock market today: Domestic market benchmarks the Sensex and the Nifty resumed their upward march, snapping their two-day losing run, on Thursday, January 4, on across-the-board buying amid mixed global cues. The market sentiment is supported by the anticipation that the Federal Reserve will likely initiate rate cuts as earlyRead More →
Experts expected some consolidation in the market as most positives are already discounted in the market and valuations are high. On the technical front, Anand James, Chief Market Strategist at Geojit Financial Services, pointed out that if the bulls choose to ride on the momentum, we could stretch as farRead More →
In 2023, the domestic equity benchmarks, Nifty 50 and BSE Sensex, exhibited a remarkable upswing of approximately 20%, marking their second-best performance since 2017. This stellar performance positioned them among the top-performing stock indexes globally. Notably, Nifty 50 achieved its eighth consecutive year of positive returns. India solidified its statusRead More →
Indian stock market: Nifty remained sideways during the session, fluctuating within the range of 21650-21750. A doji pattern has formed on the daily chart, indicating indecisiveness in the market. This sentiment requires confirmation through a decisive breakout above 21750 or a breakdown below 21650. If it falls below 21650, theRead More →
The primary market will take a breather after witnessing a bustling month of December with no new issues to open in the coming week. Around seven new SME companies will make their stock debut on the exchanges in the coming week Two SME issues, Kay Cee Energy & Infra LtdRead More →
