Markets surged sharply on Wednesday, extending gains for the fourth consecutive session, supported by favourable geopolitical cues. While the sharp rally is encouraging, analysts say its sustainability will depend on continued follow-through buying and stability in crude oil prices and global cues. In today’s trade, shares of TCS, HDFC Bank, ITC Hotels, Hyundai India, Adani…
Nifty settled at 22,819.60, falling by 486.85 points or 2.09% while the BSE Sensex closed at 73,583.22 on Friday, declining 1,690.23 points or 2.25% amid high volatility as markets were mainly dragged by financials, auto and consumer stocks. Indian frontline indices ended their two-session rally amid sharp cuts as a failure in the Iran-US negotiations…
Markets extended their recovery for the third consecutive session on Wednesday, supported by stable global cues, although volatility persisted. Nifty is gradually inching higher and has tested the immediate resistance zone of 23,800-24,000. Analysts say sustaining above this band will be crucial for further recovery towards 24,400 level. On the downside, immediate support has shifted…
Markets started the week on a weak note and declined nearly half a percent, pressured by negative cues. From a technical perspective, analysts say the Nifty’s break below the key support zone near 25,600 signals a continuation of the near-term corrective trend, with the next support placed around the 25,300–25,400 range. “In the event of…
Markets rebounded on Friday after the recent decline, tracking favorable global cues. From a technical standpoint, analysts Nifty has once again reclaimed its short-term moving average, the 20-DEMA, around the 25,950 level. However, sustainability above this zone is essential for the index to move toward the 26,050–26,200 range. “In the current setup, a stock-specific trading…
Markets traded in a volatile manner on Monday and eventually ended almost unchanged, extending the ongoing consolidation phase. With most major domestic and global events behind us, analysts say rupee weakness and mixed global cues are currently dictating market direction. At the same time, rotational strength in heavyweight stocks across sectors is providing support and…
Markets extended their positive streak on Wednesday, gaining nearly half a percent. In today’s trade, shares of Infosys, ZEE, Tata Motors, Tata Motors, Vedanta, Kotak Mahindra Bank among others will be in focus due to various news developments. InfosysShares of Infosys will be in focus as the company’s board will meet today to consider and…
Markets remained subdued for yet another session on Friday and ended largely flat. In today’s trade, shares of Eternal, Marico, Adani Enterprises, HAL, Bandhan Bank among others will be in focus due to various news developments and fourth quarter results. EternalFood delivery company Eternal (formerly Zomato) saw its net profit fall by 78% year-on-year (YoY)…
Domestic Markets remained range-bound on Friday, shedding nearly half a percent as the consolidation phase continued. In today’s trade, shares of Vodafone Idea, AB Real Estate, LTIMindtree, IndiGo, Vedanta, Ola Electric among others will be in focus due to various news developments. Kesoram IndustriesMorgan Stanley sold over 19.30 lakh shares in Kesoram Industries for Rs…
Markets exhibited high volatility on the monthly expiry day but managed to extend its winning streak for the third consecutive session. In today’s trade, shares of Nestle, Vedanta, L&T, Motilal Oswal, Greenlam Industries among others will be in focus due to various news developments and third quarter results. Nestle India, IndusInd Bank, Sun Pharma, ONGC,…