Indian equity markets witnessed considerable volatility during the week ending December 13, 2024. The BSE Sensex and NSE Nifty 50 indices fluctuated throughout the week, with a strong rally on Friday, December 13, driving modest weekly gains. On Friday, the Sensex surged by 843.16 points (1.04%) to close at 82,133.12, while the Nifty 50 advanced … Read more
The Nifty closed with a loss of 51 points (-0.2%) at 24,148 while the broader markets underperformed, with midcap and smallcap indices losing 1.3% and 1.7%, respectively, on Friday. The US Fed cut its benchmark lending rate by 25 bps to 4.5%, in line with expectations and in an attempt to support economic growth, China’s … Read more
The recent milestones of the Nifty50 at 26,000 and Sensex at 85,000 were short-lived as headwinds from the Middle East and the shift of FII funds to cheaper Asian markets weighed on investor sentiment. Over the week, these benchmark indices fell by more than 4%, with a broad-based decline across sectors such as auto, banking, … Read more
Indian markets rose by 1.7% this week, marking a third consecutive weekly gain, driven by favorable global and domestic factors. The positive momentum was fueled by the US Federal Reserve’s rate cut and steady economic data, leading to increased foreign investments. Additionally, China’s economic stimulus boosted global investor confidence, particularly in Asian markets. Metals and … Read more
The Nifty opened with a gap down on Friday after reaching a new all-time high in the previous session and experienced weak price action throughout the day, closing down by 293 points. Meanwhile, the Bank Nifty has been underperforming and may continue to do so. On Friday, the Nifty closed lower by 1.2% at 24,717.70, … Read more
Bulls are in full control of the market at the current juncture as Nifty ended its sixth consecutive week with gains. However, the week did witness some profit booking for Bank Nifty on the upper levels. The week broadly witnessed a range bound movement for both the indices but the prices are comfortably placed above … Read more
After a streak of 4 green candles on the charts this week, Nifty ended Friday’s session in red at 24,010. Since Tuesday’s session, the prices made new peaks each day, the all-time high of the index currently being 24,174. Nifty is sustaining nearly 300 points above its 10 day exponential moving average while Bank Nifty … Read more
Nifty ended the week with a closing near its upward-moving channel. The index closed at 23,465, after making a new all-time high on Friday. On the other hand, Bank Nifty is still somewhere in the middle of its upward channel, giving a close at 50,002. The post-election rally has taken everyone by surprise and both … Read more
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