Mumbai: India’s stock indices ended marginally higher on Thursday, giving up most of the early gains that were fuelled by the overhaul of the country’s goods and services tax (GST) late Wednesday. The indirect tax revamp is aimed at boosting consumption and simplifying compliance to boost growth and cushion the economy from the impact of … Read more
A small negative candle was formed on the Nifty daily chart with a long upper shadow. Technically, this market action signals rejection of bulls at the hurdles. Hence, this pattern could mean chances of further softness in the market. The short-term trend of Nifty is still positive, but the display of lack of strength in … Read more
MUMBAI – Short-term corrections notwithstanding, the longer trajectory for Indian equities remains positive as the country is economically better positioned compared to most other world economies, believes market expert Anand Varadarajan. “India fares better than most large economies in various macroeconomic indicators, including inflation, monetary policy, GDP growth, financial market stability etc. These factors will … Read more