“For now, the bias is still positive till the time we hold that 16,750-16,800 mark and the momentum shifts towards extreme positivity at about 17,400. So, right now, we are still bang in the middle of the range, waiting for further breakouts,” says Nooresh Merani, independent technical analyst. Edited excerpts: This week, we have seen … Read more
The Indian market closed in the red for the fourth consecutive day on Monday tracking weak global cues. The S&P BSE Sensex fell by over 950 points, while the Nifty50 just managed to hold 17,000 on a closing basis. Stocks that were in focus included names like , which recouped losses and closed with a … Read more
NEW DELHI: Racing ahead of its larger peers in a volatile market that looks directionless in the immediate near term, shares of midcap have surprised investors by zooming around 30 per cent in just three trading sessions. The rally began after the bank’s board approved raising up to Rs 3,000 crore to fund the lender’s … Read more
Indian market closed in the green for the second consecutive day in a row on Wednesday. The S&P BSE Sensex and Nifty50 closed flat with a positive bias. Sectorally, buying was seen in realty, telecom, capital goods, banks, and financial stocks while selling was seen in IT, consumer durables, and oil & gas stocks. Stocks … Read more