Call it the law of averages or the law of gravity, either caught up with the Nifty last Friday as the index witnessed a sharp correction after scaling the mark of 25,000. Weak global cues coupled with geopolitical uncertainties took every global market down and along with it, the Nifty as well. In any other …
Its a new week, but a truncated one and of course one that promises to be full of action as well as the earnings season begins to gather steam. The week gone by nearly turned out to be a dull one until the IT stocks woke up from their long slumber post TCS’ results and …
All of last week on the Nifty was dominated by two stocks and one theme. The two stocks being Reliance Industries and HDFC Bank, while IT was the theme that continued to hog the limelight. If one took the market higher, the other ensured that the gains were kept in check and vice versa. In …
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 …
The 23,000 mark finally arrived for the Nifty on Friday. Unlike previous instance, the market did not have to wait for weeks or months for it to arrive after it came within 7 points of that mark on Thursday itself. In just nine sessions, the Nifty recovered 1,200 points from its May 13 low of …
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 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 …
It is not very often that you see the Nifty drop 500 points from the day’s high, but it is also not very often that you see the index rally close to 3,000 points within two months either. Therefore, Thursday’s correction witnessed by the benchmarks, without any apparent trigger, may not have surprised many market …