A long negative candle was formed on Nifty’s daily chart on Thursday after the formation of a hammer-type candle pattern on Wednesday. The positive sentiment of Hammer is now on the verge of negation. This is not a good sign and one may expect more weakness in the coming sessions. Nifty is currently placed at…
Notwithstanding a late recovery towards the end, Indian benchmark indices fell sharply on Thursday weighed down by a sell-off in Adani Group stocks after a US court indicted Chairman Gautam Adani and several others in a $250 million bribery case. While the S&P BSE Sensex closed at 77,155.79, down by 422.59 points or 0.54%, the…
Domestic headline equity indices ended lower on Wednesday as investors booked profits across sectors, ahead of key U.S. inflation data that could influence the size of a likely reduction in Federal Reserve interest rates next week. The Nifty 50 index fell 0.49% to 24,918, while the S&P BSE Sensex lost 0.49% to 81,523. Here’s how…
Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets. This came following a net outflow of over Rs 8,700 crore in the entire April on concerns over a tweak in India’s…