The Indian market snapped a 3-day winning streak to close in the red on Wednesday, tracking muted global cues. The S&P BSE Sensex fell more than 100 points while the Nifty50 managed to hold on to 22,200 levels towards the close of the trade. Sectorally, buying was seen in the public sector, power, and capital … Read more
The Indian market rallied nearly 1% on Monday, tracking positive global cues. The S&P BSE Sensex rose over 900 points while the Nifty50 closed with gains of over 200 points. Sectoraly, buying was seen in utilities, public sector and banks while realty stocks saw selling pressure. Stocks that were in focus include names like Supreme … Read more
Adani Enterprises. Share Price 3285.40 03:59 PM | 29 Feb 2024 66.41(2.07%) Tata Consumer Products. Share Price 1190.05 03:59 PM | 29 Feb 2024 22.10(1.90%) IndusInd Bank. Share Price 1474.90 03:58 PM | 29 Feb 2024 25.71(1.78%) Mahindra & Mahindra. Share Price 1932.40 03:59 PM | 29 Feb 2024 30.75(1.62%) Adani Ports & Special Economic … Read more
Indian market closed in the green for the fifth consecutive day on Monday, tracking positive global cues. The S&P BSE Sensex rose nearly 300 points while the Nifty50 closed above 22,100 levels. Sectorally, buying was seen in consumer durables, telecom, power, and FMCG stocks while metal, capital goods, and realty stocks saw some selling pressure. … Read more
Benchmark equity indices closed higher on Monday, led by banking, and financial stocks. The S&P BSE Sensex closed 0.5% higher at 64,112, while the NSE Nifty50 index ended above the 19,100 level. “Despite a broader negative outlook due to the prevailing downtrend, the possibility of a pullback exists, potentially taking the index to the 19,300 … Read more
Nifty today ended 261 points lower to fall below its 100-DMA and form a long bear candle on the daily chart. The short-term trend of Nifty continues to be negative. Having moved below the support of 19,330, one may expect the Nifty to slide down to 18,825 levels-200 day EMA in the near term. Any … Read more
The Indian stock market closed in the green on Wednesday tracking positive global cues. The S&P BSE Sensex rallied over 200 points to close in the green for the 9th consecutive day while the Nifty50 make a record closing above 20,000. Sectorally, buying was seen in telecom, public sector, consumer durables and energy stocks while … Read more
Investors are advised not to get too hassled and carried away by Wednesday’s stock market debacle as bears have a tendency to be significantly more dramatic than the bulls, Zerodha Co-founder Nikhi Kamath said in a tweet. In his opinion, one should not lose too much in bad times and focus on making the most … Read more
With the Indian economy shining like a bright spot in a troublesome global macro backdrop, foreign institutional investors (FII) investment on Dalal Street has crossed the $10 billion mark in FY24, propelling Nifty to a record peak above the 18,900 mark. After being net sellers in the last two financial years, FIIs have been singing … Read more
“S&P over the past four months has been trading in the 3800-4100 range. Should the S&P break below that 3800 area, that would increase the probability of a Nifty break below 16,800,” says Laurence Balanco, Technical Analyst, CLSAFor the S&P, a break below 3,800 really opens the door for a retest of the October lows … Read more