In the holiday-truncated week gone by, the markets largely traded in a narrow and listless manner, with Nifty ending the week with minor gains. The index oscillated in a very tight range of just 227.80 points, between a high of 26,236.40 and a low of 26,008.60. Given the lack of directional cues and participation, the…
The markets saw a week of mild corrective movement as Nifty traded in a slightly downward-biased consolidation phase and ended the week on a negative note. The index oscillated in a 485-point range, between 26,178.70 and 25,693.25. Despite a supportive backdrop from the Fed with a 0.25% rate cut, and breadth deterioration pausing, the index…
The Indian market closed lower in a subdued session on Monday, dragged down by losses in information technology stocks after Moody’s downgraded the U.S. government’s credit rating. The BSE Sensex shed 271.17, or 0.33%, to close at 82,059.42, while the NSE Nifty declined 74.35 points, or 0.30%, to settle at 24,945.45. Here’s how analysts read…