Global markets ended the week on a firm note as U.S. Federal Reserve Chair Jerome Powell signaled that the central bank remains open to cutting interest rates in the near term, raising hopes of a September move. His remarks at the Jackson Hole Symposium lifted sentiment across Wall Street, with spillover effects seeming to be … Read more
Asserting that India is on the path to becoming the world’s third-largest economy, Prime Minister Narendra Modi said on Saturday that the country must remain alert to its own economic priorities amid the instability and uncertainty facing the world economy. PM Modi’s remarks came just days after U.S. President Donald Trump called India a “dead … Read more
Veteran investor Vijay Kedia, the driving force behind Kedia Securities, has long been an inspiration to retail investors. Speaking at IOC 6.0 – Traders’ Mahakumbh, he reinforced a powerful message: One stock can change your life. And he’s not just speaking in theory—his own investment journey serves as proof. Kedia recounted a remarkable investment in … Read more
Budget Day is one of the most volatile trading sessions of the year. The stock market reacts sharply to the announcements made by the Finance Minister, with the benchmark Nifty fluctuating in a wide range. History shows that, in 12 out of the last 14 budgets, the index has moved within a 2-3% range. For … Read more
Mumbai: Traders loaded up shares of banks and property developers on Wednesday in a tepid market in anticipation of a cut in the Cash Reserve Ratio – the percentage of a bank’s total deposits required to maintain in cash with the RBI – in the central bank’s three-day Monetary Policy Committee meeting ending on Friday. … Read more
A small negative candle was formed on the Nifty daily chart with a long upper shadow. Technically, this market action signals rejection of bulls at the hurdles. Hence, this pattern could mean chances of further softness in the market. The short-term trend of Nifty is still positive, but the display of lack of strength in … Read more
On a cloudy September morning, five childhood friends in their late 60s gathered at Nagapattinam port in Tamil Nadu, their laughter cutting through the sea breeze. For over four decades, they had travelled across India together, but that day was different. They were boarding the Nagapattinam-Kankesanthurai ferry between India and Sri Lanka for the first … Read more
Investors in India are shunning stocks that were expected to benefit from Prime Minister Narendra Modi’s re-election, and instead piling into defensive sectors.An index of the so-called Modi stocks, a term coined by CLSA, has climbed only 2% as the prime minister completed his first 100 days in office after winning a third term in … Read more
Union Minister for Civil Aviation K. Rammohan Naidu and MLA Bonela Vijayachandra wish passengers of Vande Bharat Express at Parvatipuram on Monday (September 16, 2024) evening. | Photo Credit: The Hindu Public representatives and members of various organisations expressed hope that the Vande Bharat Express introduced between Durg and Visakhapatnam would boost business activity both … Read more
Nifty ended Wednesday with gains of 735.85 points or 3.36% and settled at 22,620.35 led by strong buying activity across sectors but more prominently in banks and autos. The 50-stock index ended above the downside channel support of 22,200. Analyst Ashwin Ramani, Derivatives & Technical Analyst at SAMCO Securities said call writers (bears) are exiting … Read more