Shares of Ola Electric Mobility fell as much as 7% on Monday, hitting an intraday low of Rs 37.96, as investors booked profits after a sharp 40% rally over the previous three sessions. The stock’s rally prior to this correction was driven by a series of positive developments and strong operational momentum. Ola Electric recently…
Gold and silver continued their sharp selloff on MCX, with futures sliding 6% at the open on February 1, dragging gold ETFs down by as much as 16% in early Friday trade. Gold futures for April delivery slid 6%—down Rs 9,140 per 10 grams—to open at Rs 1,43,205, extending a sharp three-session decline of almost…
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 Indian market ended lower on Tuesday, with the Sensex and Nifty retreating after briefly brushing record levels in the previous session, as investors locked in gains and foreign funds continued trimming exposure. A mix of profit-taking and external pressures kept the benchmarks under strain.The S&P BSE Sensex slipped 503.63 points, or 0.59%, to finish…
The Indian market closed flat with a slight negative bias on Friday, with the Sensex and the Nifty swinging between red and green as investors booked profits near record levels and assessed expectations of potential interest rate cuts in both the U.S. and India, alongside incoming domestic growth signals. The S&P BSE Sensex inched down…
The benchmark Nifty scaled fresh lifetime highs in the past week, but the undercurrent in the broader market remained sharply negative. Several smallcaps corrected violently as investors rotated back into largecaps, locked in profits, and reacted to stretched valuations and thin liquidity in the wider market. The divergence between headline indices and the smallcap universe…
The Indian market closed Thursday’s session in the green after both the Sensex and Nifty briefly scaled fresh all-time highs, before paring gains into the close. Optimism around potential U.S. and domestic interest-rate cuts next month continued to support risk appetite and attract fresh buying. The S&P BSE Sensex rose 110.87 points, or 0.13%, to…
Profit booking is one of the most critical actions a trader takes to protect earnings in financial markets. It refers to selling a part or the entire holding of a stock, commodity, currency pair, or cryptocurrency to secure gains. In simple words, it means converting paper profits into actual returns before market fluctuations take them…
The Indian market ended lower on Friday, weighed down by a pull-back in high-weight financial and information technology stocks following a rally earlier in the week. The BSE Sensex shed 200.15, or 0.24%, to close at 82,330.59, while the NSE Nifty declined 42.30 points, or 0.17%, to settle at 25,019.80. Here’s how analysts read the…
Indian headline indices fell over 1% on Thursday, erasing gains made in the previous session after Donald Trump’s U.S. presidential election win. Analysts attributed the decline to profit-booking and concerns over foreign inflows, compounded by weak corporate earnings. The NSE Nifty 50 dropped 1.16% to 24,199.35, while the BSE Sensex fell 1.04% to 79,541.79, returning…