As global cues turned negative and concerns over continued monetary tightening weighed, Indian indices ended Friday’s session on a weak note. Nifty ended over 0.5% lower at 17,944, while Sensex also lost 0.52% to close at 61,002.5. Broader markets, meanwhile, underperformed their headline peers, with Nifty Midcap 100 falling 0.8%. Here’s how analysts read the … Read more
New Delhi: Five of the top 10 valued firms together added Rs 95,337.95 crore in their market valuation last week, with index major Reliance Industries Ltd contributing the most. Last week, the BSE benchmark climbed 319.87 points or 0.52 per cent. While Reliance Industries, ICICI Bank, HDFC, ITC and Bharti Airtel were the gainers from … Read more
NEW DELHI: Nifty IT, which was the biggest wealth eroder in 2022 with a heavy loss of 26% is now gradually turning out to be the best performing sector. In the last one month, when the benchmark Nifty has been flat, the IT barometer has shot up over 10% to become the No. 1 performer. … Read more
NEW DELHI: Despite the Sensex rallying nearly 25% from its 52-week-low in a span of just 6 months, the year 2022 proved to be a rough one for stock investors as Dalal Street’s Covid batch of new investors learnt an old lesson the hard way – making money is not easy. FOMO (fear of missing … Read more
, part of the life insurance industry, has fallen more than 28 per cent from its September 2021 highs which effectively places the stock in the bear grip. The technical setup suggests that the stock may see some more selling pressure; hence, short-term traders can look at selling the stock now for a target of … Read more
Indian markets started on a strong note on Wednesday despite muted trend seen in other Asian markets ahead of an expected Federal Reserve interest rate hike later in the day. At 10:00 am, the S&P BSE Sensex was trading with more than 150 points gains while the Nifty50 reclaimed the 16,500 level. Sectorally, buying was … Read more
Indian market started on a strong note on Friday, tracking positive global cues. The S&P BSE Sensex rallied nearly 300 points while Nifty50 reclaimed 16,000 levels in the first 15 minutes of trade. The rupee hit a fresh record low for the 5th day as it touched 79.94 against the US dollar. Sectorally, buying was … Read more
Indian market snapped a 3-day winning streak on Monday to close marginally in the red following muted global cues. The S&P BSE Sensex was down by nearly 100 points while the Nifty50 managed to hold on to 16,200 levels. Sectorally, buying was seen in power, utilities, oil & gas, energy, and metals while some selling … Read more
For majority of investors, this is the first cycle they are witnessing. Pre-covid, the participation in equity markets was three per cent, which has now risen to seven per cent, which is a clear indication of how retail investors have come pouring into the markets. Considering the high returns of 2020 and 2021, there was … Read more
New Delhi: Nifty50 on Wednesday breached the 16,000 mark intraday, for the second straight session, before closing just below the psychological level. The index formed a bullish candle on the daily chart that almost engulfed the negative candle of the previous session. Technically, it indicates a negation of bearish formation and signals positive bias for … Read more