The Indian stock market ended lower on Friday, curbing its weekly gains, as broad sectoral losses and investor concerns over escalating geopolitical tensions following a deadly militant attack in Kashmir weighed on market sentiment. The benchmark BSE Sensex lost 588.90 points or 0.74% to close at 79,212.53, while the broader Nifty 50 index closed at … Read more
On the weekly timeframe, Ultratech Cement has successfully given a breakout above its all-time high, crossing the critical resistance zone of 12,130–12,150. This breakout signals strong bullish strength. Additionally, the moving averages have started trending upward, further confirming a bullish trend and reinforcing positive price action. From a momentum perspective, the RSI has broken out … Read more
Indian frontline indices ended in the red on Friday, recording their second successive losses amid selling pressure in auto, bank, and FMCG stocks. The BSE Sensex fell by 588.90 points, or 0.74%, to 79,212.53, while the Nifty declined 207.35 points, or 0.86%, to end the day at 24,039.35.Commenting on the day’s action, Rupak De, Senior … Read more
Investors are advised to stagger fresh flows towards equity in the near term to avoid market volatility, according to financial institution Motilal Oswal Private Wealth. It advised investors to keep moderation in expectations. Within equity, investors can look to invest in flexicap category with a bias towards large caps and hybrid equity-oriented funds, says Motilal … Read more
Indian benchmark indices experienced a choppy session on Friday, giving up most of their intraday gains but still ending slightly higher, signaling a cautious start to the January series. The S&P BSE Sensex settled at 78,699, up by 226.6 points or 0.29%, while the broader Nifty 50 index closed at 23,813.40, higher by 63.20 points … Read more
Praj Industries Ltd has achieved a new all-time high, marking a significant milestone with one of its strongest closings in the past 52 weeks. The bulls showcased their dominance, overcoming intraday selling pressure to close with a robust positive candle. The formation of a strong green-bodied candle reflects heightened buying interest, further reinforced by increased … Read more
Indian market is likely to head higher on Monday tracking positive global and domestic cues. The Nifty future closed positive with gains of 0.34% at 22703 levels on Friday. India VIX was up by 1.7% from 24.18 to 24.60 levels. Volatility spiked above 26 levels during the week and has caused discomfort to the bulls. … Read more
Mumbai: Kotak Institutional Equities said the Indian market continues to be a mix of being “rightfully optimistic and mistakenly euphoric“. The brokerage said parts of the market rightfully reflect the strength of the Indian economy and its long-term growth prospects, while the other parts reflect “extreme euphoria linked to baseless narratives.” Kotak said the market … Read more
Pieter Elbers, Chief Executive Officer, InterGlobe Aviation, says IndiGo is in a unique position globally, to have more than 50 planes being delivered on a yearly basis. So, every week a new plane comes in, which helps them to address the issue of grounded aircraft. IndiGo has taken some additional damp leases, extended some existing … Read more
The Indian market hit a fresh record high on Thursday amid short covering following RBI’s record dividend payout to the government that could lead to better fiscal position and softer bond yields. The S&P BSE Sensex rose nearly 1,200 points to hit a record high of 75,499 while the Nifty50 closed at 22,967. “There was … Read more