After losses in the last week, the short-term trajectory of domestic equities is seen as weak, and investors may sit on the fence looking for fresh cues, as the earnings season draws to a close. Therefore, rangebound trade could be seen in indices in the truncated week ahead. The stock markets are closed on Tuesday … Read more
In the light of optimistic global market cues, Indian equities reversed two days of losses, ending with notable gains at the start of the week. The Nifty ended 108 points higher at 19,754 on Monday, while the Sensex advanced by 367 points. Outperforming its broader counterparts, the Nifty Midcap 100 reached a new intraday record … Read more
Even as the global market mood remained mixed, Indian equities continued their northward journey with the indices scaling fresh all time highs. Nifty galloped to a new high of 19,732 intra-day, but ended 0.75% higher at 19,711. Similarly, Sensex also notched a new high of 66,656 levels and settled at 66,590, up 529 points or … Read more
Equity benchmarks Sensex and Nifty pared early gains to close lower on Monday as investors offloaded telecom, power and utility stocks amid a bearish trend in global markets and profit booking. Intense selling in private bank counters like ICICI Bank and Kotak Bank also dragged the indices down, brokers said. Indian equities ended the first … Read more
Last calendar year was a rough year for Indian metal stocks, and all the hopes that 2023 will bring some respite for the beaten-down sector are down in the doldrums as of now. In CY23, the Nifty Metal index recorded a decline of roughly 15%, making it the second worst performer, with Nifty Media leading … Read more
Shares of metal companies such as , , and rallied up to 8% amid reports that Indian steel mills are eyeing price hikes in January on the back of improved global cues and the firming up of international prices. Shares of , , , , and also rose over 3%. At 1.13 pm, shares of … Read more
Indian market rose on Thursday ahead of the August F&O expiry. The S&P BSE Sensex rallied more than 300 points while the Nifty50 inched closer to 17,700 levels in the first 15-minutes of trade. Sectorally, the rally was seen in realty, power, public sector, metals, and utilities. The highest new OI addition was seen at … Read more
Mumbai: Investors must brace for limited gains in shares of metal and mining companies as earnings could come under pressure in the coming quarters on weakening prices, said analysts. With Chinese steelmakers flooding the global market, analysts expect prices to be under pressure for now. , , , and remain top picks though analysts warn … Read more