Bulls returned to Dalal Street with full force on Friday, as the Sensex closed over 1,600 points higher, reaching a new all-time high, while the Nifty 50 advanced over 468 points. Both indices successfully erased all losses from June 4. Nifty50 closed 2.05% or 468.75 points higher on Friday at 23,290 while the 30-component BSE … Read more
Nifty ended Wednesday with gains of 735.85 points or 3.36% and settled at 22,620.35 led by strong buying activity across sectors but more prominently in banks and autos. The 50-stock index ended above the downside channel support of 22,200. Analyst Ashwin Ramani, Derivatives & Technical Analyst at SAMCO Securities said call writers (bears) are exiting … Read more
Nifty ended Monday’s trading session 733 points higher with analysts saying that if the election results are better than expected on Tuesday the headline index can even cross the 24,000 mark. The bulls are in full control of the markets at the current juncture and are using every minor pullback to create long positions. Support … Read more
Brokerages remain bullish on State Bank of India(SBI) after the lender made a swift recovery in earnings reporting a standalone net profit of Rs 20,698 crore in Q4, up 24% YoY. The estimates on the target price for SBI go as high as Rs 1,000. The profit was higher than the Street estimate of Rs … Read more
Bond investors are having to regroup after last week’s Federal Reserve meeting dealt a crippling blow to a strategy that many on Wall Street had banked on at the start of the year.Back then, wagering that short-term yields would decline relative to longer-term ones seemed a sure bet with the Fed expected to finally stop … Read more
As the Supreme Court’s verdict on a batch of petitions that challenge the constitutional validity of the law permitting the conduct of jallikattu in Tamil Nadu is awaited, the year’s first jallikattu in the State was conducted on January 8 at Thatchankurichi village in Pudukottai district. The Thatchankurichi jallikattu which was earlier slated on January … Read more
While traders are busy debating over whether Sensex will rally another 2,700 points anytime this year to zoom past its all-time record high of 62,245.43 touched in the autumn of last year, long-term investors are doing back-of-the-envelope calculations on when will the index hit the magic 1-lakh mark. Earlier this year, Jefferies‘ global head of … Read more
Vesuvius India, part of the capital goods industry, has rallied by about 30 per cent in a month to hit a record high in August and technical indicators suggest that the uptrend is still intact in this smallcap stock. It rose to a fresh record high of Rs 1,529 on 24 August. Short-term traders can … Read more