Despite buying by both FIIs and DIIs on Tuesday, Nifty ended the day flat in the absence of any major cues. Even as the action was seen in the broader market, the headline index Nifty appeared to be stuck in a range. Analysts say investors must watch out for any further spike in the US … Read more
With the sowing season nearing its end, experts have warned that kharif crop output could be significantly lower this year as the area under cultivation of rice, urad and tur is down by an average of 52.98% from last year. Erratic rainfall has also caused crop damage in several areas, they said. “The lag in … Read more
After turning net buyers last month, foreign investors continued their positive stance on Indian equities and invested over Rs 14,000 crore in the first week of August amid softening of the dollar index. This was way higher than the net investment of nearly Rs 5,000 crore by Foreign Portfolio Investors (FPIs) in entire July, data … Read more
Nifty50 on Tuesday ended marginally higher and formed a small bullish candle on the daily chart. Analysts said a positive close after a gap-down start was positive. They see the index testing the 16,000 level in the coming days. Support for the index stays at 15,700, they said. During the day, the selling pressure was … Read more
Nifty50 on Monday rose for the third straight session but closed below its opening level, thus forming a bearish candle on the daily chart. Analysts said failure to see a follow-up buying post a gap-down start was disappointing. The index needs to hold above the 15,800 level to hold for the momentum to stay strong, … Read more
New Delhi: Nifty50 on Wednesday saw selling pressure, as it ended up forming a bearish candle on the daily chart. The index failed to see a follow through buying, following the breach of 15,200-15,400 range in the previous session, reflecting a lack of strength. Analysts said a fall below 15,400 could trigger further weakness in … Read more