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Indian equity benchmarks posted modest weekly losses, pressured by continued outflows of foreign institutional investors and continued uncertainty over US-India trade talks. However, sentiment improved towards the end, with markets ending the week on firmer footing after the US Federal Reserve implemented a 25 basis point interest rate cut. The Nifty rose 0.57 percent on […]
The Indian market went on a three-day losing streak on Thursday with the Sensex and Nifty staging a broad recovery after the US Federal Reserve implemented a 25 basis point interest rate cut overnight. The recovery came at the same time as the rupee weakened to a new low amid growing concerns over the lack […]
The net worth of most of India’s richest individual investors fell in the July-September quarter as market declines eroded the values ​​of several portfolios. Benchmark Nifty ended 2.9% and 1.4% lower in July and August, but recovered 0.8% in September. The Nifty Midcap 150 and Smallcap 250 indices fell 4.3% and 6.2% respectively between July […]
India’s benchmark index Nifty ended with cuts for the second straight session amid profit booking and mixed global cues, dragged down by bankers HDFC Bank and ICICI Bank. Nifty remained weak throughout the day as the index failed to sustain above 25,950. Commenting on the current trend, Rupak De, Senior Technical Analyst at LKP Securities, […]
