Indian IT stocks faced persistent selling pressure in today’s trading session. Starting with the opening bell, the stocks experienced downward momentum, resulting in the Nifty IT index plummeting by 2.57% to reach an intraday low of 33,576 points, hitting the lowest level in CY24. The sharp decline in stocks reflectsRead More →
Buy or sell stocks: Following weak global market sentiments on the Israel-Iran war, the Indian stock market witnessed sharp selling pressure for the second straight session on Monday. The Nifty 50 index crashed 246 points or 1.10 percent and closed at the 22,272 level, the BSE Sensex tanked 845 pointsRead More →
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 →
In the broader market, the BSE Midcap and BSE Smallcap underperformed the benchmarks and closed 0.47 per cent and 0.15 per cent respectively. Investors keenly await the US inflation data and US central bank’s Federal Open Market Committee (FOMC’s) latest minutes-of-the-meeting — both due later today, for further cues onRead More →
Asian markets traded higher, while the US stock market ended flat overnight in a choppy session. Investors now await the US Federal Reserve’s policy meeting minutes and key US inflation data for further cues on the timing and depth of interest rate cuts. On Monday, the Indian stock market benchmarkRead More →
On a weekly scale, the index rose about a per cent last week but formed a ‘Doji’ candle on the weekly chart, indicating market participants are indecisive about the market. As per brokerage firm Axis Securities, the chart pattern suggests that if Nifty crosses and sustains above the 22,650 level,Read More →
The Midcap index rose 4%, which is the biggest weekly rise in the last seven months. The Small cap index surged 7%. According to analysts, the Nifty Bank witnessed a noteworthy surge of more than 2%, marking its largest weekly advance in the past four months. On Friday’s session, the SensexRead 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 →
View Full Image Wall Street (REUTERS) U.S. stocks fell on Tuesday as investors weighed chances that the Federal Reserve could delay cutting interest rates, while Tesla shares dropped after the electric car maker posted fewer quarterly deliveries for the first time in nearly four years. Tesla’s stock fell more thanRead More →
