There cannot be a better balm to your scars than victory. The Indian cricket team gave 140 crore Indians just that balm on Saturday night and into the early hours of Sunday after winning the ICC World T20 for the first time in 17 years. It is a different feeling to be called “World Champions.” …
The Nifty is in consolidation mode. But its a consolidation that is also slowly taking the index higher. The week gone by saw the index gain in four out of the five trading sessions. It first surpassed the resistance at 23,300, followed by 23,400. By closing on Friday, it now stands at the cusp of …
To call this market volatile, choppy and uncertain is an understatement as predicting which way the Nifty is headed correctly will invite rewards of its own. To think that the Nifty ended 150 points higher on a day the futures were pointing to a 350-points gap down is unthinkable. But it did. It also managed …
We are into the final four days of the February F&O series and it has been one full of records for the Nifty. The index would like to maintain this momentum going into the expiry week as well. Friday’s session was a rangebound one for the Nifty as the index traded in a narrow, 100-point …
Barring Monday’s blip, the last week turned out to be a good one for the markets. The Nifty reported another weekly advance and has now oscillated between gains and losses for four weeks. Another good bit is the fact that the Nifty closed above 22,000 for the first time in a month. The last time …
As is the norm going into a major event, the market exhibited a “wait and watch” behaviour. The Nifty ended unchanged from Tuesday’s levels albeit 120 points from the session’s highs. The index did briefly reclaim the 22,000 mark, but could not sustain above those levels. The market now awaits the outcome of the RBI’s …
The market is taking a breather after a record breaking run took the Nifty 50 to newer highs this week. Although the Nifty 50 snapped a seven-day winning streak on Thursday, it managed to close above the 20,900 mark. For the week, the index is up over 3%. A weekly gain of over 3% would …