The Nifty has entered a phase of short-term weakness after slipping below the 25,900 mark, though its broader uptrend remains intact unless key support levels are breached, said Vinay Rajani, AVP – Senior Technical & Derivative Analyst, HDFC Securities, in an interview with ET Now. Rajani said a simple technical reading shows contrasting signals across … Read more
Indian equity benchmarks eked out modest weekly losses, weighed down by persistent foreign institutional investor outflows and lingering uncertainty over US-India trade talks. Sentiments improved toward the close, however, with markets ending the week on a firmer note after the US Federal Reserve delivered a 25-basis-point interest-rate cut. The Nifty jumped 0.57 per cent on … Read more
Markets snapped their five-week-long consolidation trend, driven by improving global cues, easing geopolitical concerns, and a renewed uptick in foreign institutional investor (FII) buying during the latter half of the week. After a tentative start, sentiment improved midweek, leading to broader market participation. The easing of tensions between Iran and Israel helped revive global risk … Read more
Most technical indicators suggest early signs of stability and scope for a further bounce. A decisive move above 22,650 could trigger short-covering, pushing Nifty toward the 22,800–23,000 zone, say technical analysts. Stocks in focus are National Aluminium, Hindustan Copper, Tata Motors, M&M, Polyplex, SJS, Inox India, SRF, Manappuram Finance, BEL, Hindalco, Tata Steel, UPL, Kotak … Read more
The Indian equities continued to trade with a corrective undertone as they ended the week on a mildly negative note. Over the past five sessions, the Nifty continued facing selling pressure at higher levels while staying mainly in a range. The markets remained in a very defined trading range and stayed decisively below key levels. … Read more