On the daily chart, the Nifty index formed a strong bearish engulfing candle, reflecting significant selling pressure from higher levels following a gap-up opening. This pattern indicates the potential for continued bearish momentum, particularly if key support levels are breached. The index failed to sustain higher levels and closed near the 23,000 mark, signaling caution. … Read more
Nifty on Friday ended 43 points lower to form a long bull candle with an upper shadow on the daily chart. The positive chart pattern like higher tops and bottoms is intact as per daily chart and Friday’s swing low of 19,635 could be considered as a new higher bottom of the sequence. The short-term … Read more
Equity benchmark indices tumbled on Monday as investors offloaded finance, banking and energy stocks amid escalating tensions in the Middle East and surging crude oil prices overseas and higher US interest rate concerns. Investors stayed on the sidelines and refrained from taking risks amid uncertainty due to the Israel-Hamas conflict, analysts said The NSE Nifty … Read more
Amid improving sentiment post the US inflation print that bolstered hopes of a rate hike slowdown by the Federal Reserve, Indian benchmark indices notched fresh peaks in morning trade. At the close, Nifty ended with gains of 33 points at 20,103, while Sensex added 52 points to settle the day at 67,519. Sectorally, buying was … Read more
Indian benchmark stock indices closed in the green for the fourth consecutive day on Wednesday on buying in HDFC Bank and a largely firm trend in Asian markets. Fag-end buying helped the BSE Sensex climb 100 points to settle at 65,880.52. During the day, it had declined 292 points to 65,488.03. Global stocks faced headwinds … Read more
Indian equities, dragged by index heavyweight Reliance Industries, ended in the red, snapping its 3-day rally. The Sensex fell by 181 points to close at 65,252, while the Nifty closed 57 points lower, settling below the 19,400 mark. Sectorally, the IT index emerged as the top gainer, while the Healthcare and PSU Bank indices were … Read more
Indian equities ended on a positive note on Thursday, despite weak global sentiment. The Nifty settled with a minor gain of 30 points at 19,465, while the Sensex added 137.5 points, ending at 65,539. Sectorally, the media, realty, and healthcare indices led, while the metal index ended with a decline of 0.94%. Investor sentiment has … Read more
Indian equities, ahead of the crucial RBI policy outcome on Thursday, ended on a positive note. The Nifty settled at 19,633, up 62 points, while the Sensex added 149 points, settling at 65,996. Sectorally, the trend was mixed with metal and media emerging as top gainers, while realty was the laggard. Here’s how analysts interpret … Read more
Indian equities fell on Tuesday, breaking their two-day winning streak, as investors turned cautious ahead of the key events — RBI’s monetary policy and the US inflation data — due to be announced later this week. Continuous foreign fund outflows and weak trend in Asian and European markets also played spoilsport for the domestic markets. … Read more
Benchmark Sensex tanked 542 points to settle at a four-week low while Nifty closed below the 19,400 mark, extending their losses for a third straight day on Thursday in tandem with a bearish trend in global markets following the US rating downgrade. Here’s how analysts read the market pulse: “Global markets are still grappling with … Read more