By Shrikant Chouhan The stock market benchmarks BSE Sensex and NSE Nifty 50 successfully surpassed the short-term resistance at 17500/58700, which is largely positive. Bullish candle and intraday breakout formation on the daily charts indicate a further trend from the current levels. Now 17350/58250 would be the key support level for the following traders. Above […]
By Rahul Shah Dalal street was in party mode last week as stock markets roared back smartly and closed above the psychological 17000 level. Equity benchmarks Sensex and Nifty spurted nearly 3 per cent to close over three-month high levels following buying in metal, banking & NBFC, IT and Auto stocks. Strong quarterly results, FII […]
iQOO has launched the iQOO Neo 9 series in China, per schedule. There are two phones— iQOO Neo 9 and Neo 9 Pro— with the largely the same specs and design. But what’s striking is the asking price. The iQOO Neo 9 brings Qualcomm’s Snapdragon 8 Gen 2 for under Rs 30,000 while the iQOO […]
The market has slid 2.4% in the past week, making it the second Budget presented by finance minister Nirmala Sitharaman where equities are in the red in the run-up to the big day. The market has faced greater volatility in only two of the last 10 Budgets. Volatility in shares of Adani Group companies spooked […]
By Anand James The US dollar is at its strongest against the rupee, but despite the strong move on Friday, the dollar index is yet to breach the May peak and in a way suggest that recent news flow is only confirming what it had priced in a month back. Now, the rupee is a […]
By Shrikant Chouhan The benchmark indices witnessed a pullback rally on Tuesday, as the NSE Nifty 50 ended 86 points higher while the BSE Sensex was up by 257 points. Among sectors, PSU Banks outperformed, rallying nearly 2.5 per cent while sharp selloff was seen in IT stocks. As a result, the IT index was […]
By Rajesh Bhayani Sovereign gold bonds (SGBs) seem to have lost their lustre, at least in the short term, as the demand has shrunk to a three-year low. Three SGB issues so far in FY23 garnered only 8.73 tonne. The Reserve Bank of India (RBI) will launch the last tranche of this fiscal’s SGBs in […]
While the country has set new records in production of several agricultural commodities in the last decade, the rising consumption has resulted in continued supply constraints, and sustained dependence on imports. In 2023, because of uneven distribution of monsoon rains and untimely showers prior to harvesting output of several agricultural commodities took a hit, resulting […]
Stock Market Today, Nifty, Bank Nifty: Nifty and Sensex may remain volatile on F&O expiry. The US Federal Reserve hiked the key interest rate by 25 basis points on Wednesday as expected. The Nifty futures on the Singapore Exchange (SGX) were trading 30 pts or 0.17% lower at 17,128 in the early morning trade. Asian […]
Indian benchmark indices are likely to open on a negative note, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were in the red at 17,963 level. In the previous session, Sensex closed marginally above 61,000, down 0.52% and the Nifty gave up 17,950. “Lack of major triggers in the domestic market is attracting global […]