Indian market closed flat with a negative bias for the second consecutive day in a row on Friday. The Nifty50 closed below 19800 levels. Sectorally, buying was seen in capital goods, utilities, healthcare, and banks while selling was seen in IT, FMCG, oil & gas and consumer durables. Stocks that were in focus include names … Read more
It was the second day of consolidation by the Indian equity markets as the Nifty moved in a defined range before ending the day with a modest loss. The markets opened on a positive note and spent the morning session without any directional bias. It was the afternoon trade that saw the markets giving up … Read more
After three days of strong gains, Tuesday saw the markets consolidate with positive bias as they ended the day with a modest cut. The markets saw a bit weaker-than-expected start to the day. However, after opening on a negative note, the Nifty recovered from the opening lows and by afternoon, it recouped all its opening … Read more
Very much on the anticipated lines, the Nifty made a strong breakout from the broad 15,700-16,400 trading range that it had formed over the past couple of weeks. In the previous technical note, it was mentioned that if the Nifty is able to move past and sustain above 16,400, it may see a strong move … Read more
It was a tepid session for the Indian equity markets as the Nifty stayed in a capped range before ending the day with a modest decline. The markets had no negative overnight cues to deal with — they opened on a stable note on the expected lines. The index opened on a modestly positive note … Read more
Domestic equities opened on a firm note on Wednesday as benchmark Nifty attempted to move higher. However, the index lost ground from the higher levels and chose to consolidate as it ended the day with a modest loss. Nifty opened on a higher note and marked the high point of the day in the early … Read more
In a disappointing session on Friday, Nifty50 did not extend its up move despite trading in a range in the first half of the day. Nifty50 opened positive on Friday and got stronger on the expected lines. However, it soon marked the high point in the early minutes of the trade. Nifty50 pared its initial … Read more
Market Outlook for Monday, October 25, 2021 The Indian equity markets continued to correct for the fourth day in a row as it ended yet another day on a negative note. The Nifty opened on a positive note. It inched higher and marked its high point of the day in the first hour of the … Read more
In a strong short covering-led pullback, the Indian equity markets had a very resilient day, and it grossly outperformed the weak global trade setup. The Nifty saw a gap down opening following weak global cues. Even though the market opened lower, the levels formed the intraday low for the markets. After opening levels led to … Read more
In a yet another buoyant session, Nifty on Thursday had a trending day as weekly options expired, as went on the end the session with gains. The market saw a positive start and traded in a rising trajectory throughout the session. After a sharp up-move in the first half, the market spent a major part … Read more