On Thursday, Nifty closed at 23,690, while IT shares continued to remain under pressure amid concerns over intensifying global AI competition. Looking ahead, analysts say Indian markets are likely to remain sensitive to developments in the West Asia conflict, movement in energy prices and trends in foreign fund flows. STATE OF THE MARKETSGIFT Nifty (Earlier…
Indian equities are expected to trade in a broader range in the near term, as elevated Brent crude prices and a weakening rupee continue to create a fragile environment for domestic markets and remain among the key concerns for investors. Analysts say Sustained FII outflows are likely to cap directional upside, even as the final…
On Tuesday, markets slipped into the red after the recent sharp rally, with the Nifty falling below the 24,000 mark. Analysts say the market is expected to remain sensitive to developments in the West Asia conflict, with rising crude oil prices, weak rupee and FII outflows continuing to influence sentiment. As the ceasefire discussions remain…
Markets ended the last week on a positive note, with the Nifty gaining 0.7% on Friday and 1.3% for the week. Indian equities are likely to consolidate at higher levels next week, after a sharp 10% rally over the past ten trading sessions. The key monitorable remains the second round of diplomatic peace talks between…
Indian equities rebounded on Thursday, after declining more than 2% over the past three trading sessions. Analysts expect markets to track global cues, macro indicators and the ongoing quarterly earnings. Key companies announcing results on Friday include JSW Steel, Shriram Finance, BPCL, Godrej Consumer, Cipla, MCX, Piramal Finance amongst others. STATE OF THE MARKETSGIFT Nifty…
Benchmark indices were volatile on expiry day as Nifty ended 58 points lower, while the Sensex was down by 250 points. Analysts say the intraday market texture is non-directional and hence, levels-based trading would be the ideal strategy for day traders.STATE OF THE MARKETS Tech View: From a technical standpoint, the index continues to attract…
Indian equity benchmarks ended the Monday session on a strong note, with the Nifty closing near 25,950, posting a firm finish ahead of the October F&O expiry. Going ahead, analysts say a sustained move above last week’s high 26100 levels will open up further upside towards 26,300 and 26,500 levels in the coming sessions. STATE…
Domestic markets remained under pressure for the third consecutive week, losing nearly half a percent as the corrective phase continued. In the absence of any major triggers, market participants will focus on upcoming earnings for direction. In today’s trade, shares of banking heavyweights HDFC Bank and Kotak Bank will be in focus following Q2 results….
Benchmark Nifty fell below 25000 levels and traded sideways throughout the session on Wednesday. Analysts said markets are consolidating and witnessing a dip at higher zones amid relentless selling by FIIs and muted results from index heavyweights. “We expect this consolidation to continue amid mixed global cues and a lack of domestic triggers. Index-heavy weights…
Domestic indices scaled another new highs amid intra-day volatility. Markets continued its winning streak for the 11th consecutive day and analysts expect this gradual uptick to continue. Here’s breaking down the pre-market actions: STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded higher by 16 points,…