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 …
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. …
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 …
The last three weeks have seen the Nifty 50 gain nearly 700 points. But when one looks at the weekly picture, the index has gained for seven weeks in a row. Since the last week of October when the index began to rally, the Nifty has gained nearly 2,500 points. Over last Thursday and Friday, …
Equity benchmark indices reached fresh milestones on Monday (December 11) tracking positive global cues but witnessed some selling pressure at higher levels. The 30-pack Sensex scaled the 70,000-mark for the first time while the Nifty hit a new high of 21,026.10 as the bull run continued. At close, the Sensex was up 102.93 points, or …
With a 3.5% surge last week, the Nifty 50 not only had its best week of 2023, but also the best one since July 2022. It also crossed the 21,000 mark on an intraday basis on Friday, but failed to sustain above those levels. The Nifty scaling 21,000 also led to some profit booking in …
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 …