Indian headline indices recorded their third successive decline on Friday, falling sharply as metals, auto, and financial stocks dragged the markets. The culprit was the Iran-Israel/US war that continued to dent market sentiments as the war extended for the 14th day, today. In a volatile session, the broader Nifty plunged 488.05 points, or 2.06%, to…
Nifty ended Friday with sharp cuts amid selling pressure across the board, with consumer, IT and energy stocks dragging the markets the most. India VIX also moved back above its 200-DMA, indicating rising fear among the market participants. Commenting on the technical charts, Rupak De, Senior Technical Analyst at LKP Securities, said that the setup…
The Indian market ended lower on Tuesday, with the Sensex and Nifty retreating from record-adjacent levels as heavyweight stocks HDFC Bank and Reliance Industries weighed on benchmarks and investors booked profits after a recent rally. The BSE Sensex fell 376.28 points, or 0.44%, to close at 85,063.34, while the NSE Nifty 50 declined 71.6 points,…
The markets showed a firm undertone in the truncated trading week as they ended on a positive note after snapping a six-week losing streak. Nifty remained within a relatively narrow range, oscillating between 24,347 and 24,702, showing a weekly trading range of just 355 points. Despite a shortened week due to the Independence Day holiday…