Fast moving consumer goods companies were the flavour of the week gone by, as investors added them to their cart in the hope of a rebound in rural consumption and easing profitability pressures. The S&P BSE FMCG index was the top sectoral performer with nearly 2% gains. The index scaled a lifetime high of 16779.73 … Read more
Indian markets started off on a weak note on Tuesday tracking muted trends seen in other Asian markets. Sectorally, some buying was seen in realty, public sector, power, and energy space while selling was seen in IT, healthcare, banks, and capital goods. Traders can look for stock-specific opportunities in the near term as index traders … Read more
NEW DELHI: The Nifty50 opened with a bang, but smiles from bulls’ faces vanished as the day progressed. The index formed a strong bearish candle on daily charts. The Nifty, with a gap-up opening, attempted to cross the hurdle of 17,600 on the upside. However, it couldn’t sustain itself in the higher territory. The hourly … Read more