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 …
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 …
Defying negative cues from global peers, Indian equity markets staged a smart recovery during Wednesday’s intra-day trading to settle at day’s high led by gains in State Bank of India, Bank of Baroda, and other PSU banks, which continue to see buying interest among traders. At close, the BSE Sensex rose 267.64 points or 0.37% …
India’s stock benchmarks made a recovery in the second half of Friday’s trading session as investors bought banking, financial, and pharma stocks ahead of the last leg of the third-quarter corporate results and key macro data this week. In this week gone by, Nifty shed 120 points or 0.55% to finish at 21,782.5, while BSE …
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 …
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 …