Domestic indices opened on a flat note with a positive bias on Wednesday, January 18. The 30-share BSE benchmark rose 8.82 pts or 0.01% to 60,664.54 and the NSE Nifty 50 rose 12.70 points or 0.07% to 18,066.00. The top gainers of the Nifty were Tata Steel, Hindalco, Wipro, HCL Tech and SBI Life while […]
By Subash Gangadharan Over the last few weeks, the Nifty has been in correction mode. The downtrend was confirmed when the support of 17613 was broken. On the daily chart, we see that the Nifty remains in a downtrend despite the bounces seen recently. The index continues to make lower tops and lower bottoms for […]
By Saumil Gandhi Commodity prices edged lower with most commodities witnessing sharp correction for the week except the energy complex. Bullion prices lost ground and plummeted their fresh swing low as the market braced for more interest rate hikes by the U.S. Federal Reserve in the coming months. Crude oil prices after volatile trade throughout […]
Indian benchmark indices are likely to open on a muted note, hinted SGX Nifty on Friday. Ahead of the session, Nifty futures were trading marginally higher at 18,133 level on the Singapore Exchange. In the previous session, BSE Sensex fell 187 pts to 60,858, while NSE Nifty 50 fell 58 pts to 18,108. “Though the […]
Indian equity indices opened in red on Tuesday amid negative sentiment in global markets. The BSE Sensex fell 136.24 points or 0.22% to 61,031.55 and NSE Nifty 50 dropped 31.95 points or 0.18% to 18,165.50. The top gainers of the Sensex were Axis Bank, Bajaj Finance, Tata Motors, Tech Mahindra and State Bank of India […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading in the red on Monday as a result of negative global cues, while the silver rate is down 1.24%. On Multi Commodity Exchange, gold April futures were trading at Rs 55,307 per 10 grams, down Rs 125 or 0.23%. Silver March futures […]
The gross non-performing assets (GNPA) ratio of banks may decline further to 3.1% by September next year from 3.2% at present under the baseline scenario, according to the Financial Stability Report released by the RBI on Thursday. However, under a severe stress scenario, the ratio of banks may rise to 4.4%, noted the bi-monthly report. […]
The rupee appreciated 6 paise to close at 82.70 against the US dollar on Tuesday, as a weak American currency against major rivals overseas boosted investor sentiments. However, muted domestic equities, unabated foreign capital outflows and rising crude prices restricted the rupee’s rise, forex dealers said. It finally settled at 82.70, up 6 paise over […]
By Rajesh Palviya Nifty started the previous week on a flat note and the buying momentum throughout the week helped it close on a strong note. NSE Nifty 50 closed at 17670 with a gain of 517 points on a weekly basis. Nifty is trading above all its important moving averages indicating positive bias ahead. […]
Wall Street‘s major indexes were struggling for direction on Wednesday while U.S. Treasury yields fell with traders awaiting an interest rate hike from the U.S. Federal Reserve and for its view on the path forward for rates.Oil futures sold off sharply after a 5% slump on Tuesday as investors worried about the health of the […]