“Rise in volatility is a sign of topping. But, despite the rise in volatility this week, Friday’s closing of VIX was still below 19, a level which I think could give something for everyone – jobbing opportunities for the traders, as well as dips for investors to accumulate,” says Anand James, Chief Market Strategist at … Read more
Indian market snapped its six-day winning streak and closed in the red on Thursday amid selling at higher levels. The S&P BSE Sensex and Nifty50 closed flat with a negative bias. Sectorally, buying was seen in healthcare, IT, metals, and consumer durables while some selling was visible in telecom, realty, and public sector stocks. Stocks … Read more
New Delhi: The domestic equity market continued to remain in flavour on the back of favourable global cues, which lifted the indices higher. Sensex hit 57,500 mark during the week, with Nifty50 settling over the 17,150 level. Both benchmark indices rallied close to 3 per cent during the week and this was their best weekly … Read more
Indian market rose for the second day in a row on Friday pushing the S&P BSE Sensex above 56,000 on positive global cues. The Nifty50 also reclaimed 16,700 levels in the morning trade. Sectors that were in focus include IT, energy, capital goods, and oil & gas stocks while some pressure was seen in power, … Read more
The government on Friday invoked provisions under National Tariff Policy that will immediately enable imported coal-based power projects to sell electricity on the exchanges to cool prices in the spot market averaging at a record Rs 16 per unit. With this order and are expected to begin generation in some units of their imported coal-based … Read more