MUMBAI: Concerns over an emerging second Covid-19 wave and nervousness ahead of the outcome of the US Federal Reserve’s policy meeting tonight weighed on benchmark equity indices today. The broad-based selling saw largecap, midcap and smallcap stocks take deep cuts with four stocks falling for every one stock that rose on the National Stock Exchange. … Read more
NEW DELHI: Nifty made a gap opening on Wednesday but succumbed to profit booking and formed a small indecisive bearish candle with a long lower shadow. The headline index managed to settle a tad higher than its previous close. After narrow trading for the last five sessions with indecisive candle formations, the index appears to … Read more
NEW DELHI: Markets the world over are hovering near all-time high levels, betting on the vaccination drive to remove Covid risks and a fresh dose of US stimulus to give global economic growth and financial markets a shot in the arm. But Warren Buffett’s annual letter to Berkshire shareholders last week suggested no big acquisition … Read more
Domestic stocks are likely to take a beating in Friday morning trade, as equity markets the world over have moved lower after Fed Chairman Jerome Powell on Thursday refrained from pushing back against the recent surge in bond yields. Markets were expecting him to signal more bond purchases to hold down longer-term interest rates. Here’s … Read more
A fresh spike in US bond yields and a firm dollar triggered a selloff in Asian markets on Thursday morning. Domestic stocks, which have rallied of late, could be no exception to the weak trend. Here’s breaking down the pre-market actions: STATE OF THE MARKETS SGX Nifty signals gap-down start Nifty futures on the Singapore … Read more
NEW DELHI: The Association of National Exchanges Members of India (Anmi) has called for trading of Nifty and Sensex indices, which are the most popular among traders, on all exchanges and not just their native ones. “Nifty and Sensex indices should be allowed to be traded on all the exchanges in future. If there is … Read more
MUMBAI: After a lacklustre week, market participants are gearing up for another week of likely correction as investors may continue booking profits in the wake of rising concerns over overheating in domestic and global stock markets. In the previous week, Nifty50 and Sensex ended with losses of over 1 per cent with banks leading the … Read more
MUMBAI: While the benchmark indices recorded yet another lifetime closing highs today helped by technology stocks, the broader market saw weakness on concerns over likely rollback of some liquidity measures by the Reserve Bank of India (RBI). The Nifty50 index ended 1.0 per cent, or 137.50 points, higher at 14,484.75 points while the BSE Sensex … Read more
The 13,200 level looks like a reasonably strong support for Nifty. Keeping that as a stop loss, traders can hold on to long positions, says the independent market expert. Excerpts from an interview: Strong move was seen not just for the Nifty but also Sensex which is now at a record 45,000. Also, broader markets … Read more
Mumbai: Unabated foreign investor purchases and lower-than-expected contraction in the Indian economy are keeping the stock market humming. Key indices closed at record highs on Tuesday but simmering consumer inflation and rich valuations are keeping market participants on the edge. While investors have taken note of the advancing bond yields in the past month on … Read more