The law of averages appear to be finally catching up with the gravity-defying rally seen by the Nifty and if not by the index, some of its sectors for sure. From the 22,124 top it made on January 16, the Nifty 50 is already down nearly 900 points in the next five sessions. Tuesday’s session, …
The Nifty is now within 100 points of scaling the 22,000 mark. In case it does manage to scale the landmark on Monday, it will be 23 sessions for the index for its most recent 1,000 point rally, having scaled the 21,000 mark for the first time on December 12 last year. Nifty IT’s best …
On Friday, Frontline indices concluded the day on a positive note as Sensex closed moderately higher by 0.25 per cent concluding at 72,026.15 level, while Nifty also closed moderately higher by 0.24 per cent concluding at 21,710.80. …
The first week of 2024 has been anything but smooth for the Nifty 50 as volatility, combined with weak global cues have kept the index on a leash, preventing it from scaling the elusive 22,000 mark. In case the Nifty does end lower for the week, it will only be the second weekly loss seen …
New Year’s day was just turning out to be the perfect start to 2024 that Indian equities were hoping for, continuing from where they left off in 2023. The Nifty even made a new record high of 21,834. However, the index saw a steep fall soon after from the record levels, with provisional closing even …
India’s benchmark indices opened largely flat as Tata Motors Ltd, ITC Ltd gained, while Reliance Industries Ltd, HDFC Bank Ltd weighed. As of 09:19 a.m., the NSE Nifty 50 was 0.16% down at 21,700.00, while the BSE Sensex was 0.26% down at 72,067.51. “We foresee theNifty holding the 21,600-21,500 zone in case of a dip …
2023 ended on a somber note for India’s equity markets but not before a strong rally during the final three months of the year. The Nifty ended the year with gains of 20% and also left investors richer by ₹82 lakh crore during the year. The Nifty is continuing to struggle to cross and sustain …
On Wednesday morning, we had highlighted that the last Wednesday of any F&O series is generally a trending day, considering the expiry which takes place the next day. It turned out to be yet another trending day as the Nifty 50 not only scaled past it previous record high of 21,593, but also closed above …
Tuesday may have been “Boxing Day” but there was no such boxing seen on Dalal Street between the bulls and the bears (not that the day has any reference to the sport either) as the Nifty slowly but steadily continued to inch higher. The index has now gained 300 points in the last three sessions …
Rarely do you see the index gaining for most part of the week and yet reporting a weekly loss. That happened to the Nifty last week. The index ended higher in three out of the five trading sessions last week, but Wednesday’s sharp sell-off ensured that it ended lower for the week, albeit only marginally. …