Indian headline indices on Tuesday closed with sharp gains reacting to a US President Donald Trump’s statement about the ongoing negotiations with Iran and a five-day pause to the bombing on West Asian country’s energy installations. The development acted as a catalyst, unleashing the bulls with significant buying action across the board. Banks, auto and…
Indian headline indices today broke their three-session losing streak to end with sharp gains, powered by banks, auto and consumer stocks. The broader Nifty surged 257.70 points, or 1.11%, to close at 23,408.80, while the 30-share BSE Sensex declined 938.93 points, or 1.26%, to settle at 75,502.85. Meanwhile, the volatility gauge India VIX ended at…
After a not so holy dip that the BSE Sensex took during the Maha Kumbh period when it fell nearly 4%, is it time for its resurrection? The history of market performance during Kumbh since 2004 indicates that five out of six times, the index has ended positive over the next six months, with average…