Latest Updates Around The World
India’s benchmark Nifty ended with cuts on Friday due to selling pressure in key sectors such as banking, auto and IT. Commenting on the current outlook, Rupak De, Senior Technical Analyst at LKP Securities, said Nifty remained weak during the session as traders continued to book profits. “On the downside, it fell below the initial […]
The Indian market ended higher on Thursday, in a session that saw the Sensex and Nifty record 52-week highs and move closer to their all-time highs, buoyed by optimism around an earnings rebound and renewed foreign inflows. Investor sentiment was further improved by expectations that strong holiday demand, recent tax cuts and policy support will […]
Gold and silver futures opened in the red on Wednesday, October 22, on the Multi Commodity Exchange (MCX), as easing trade tensions between the US and China presented investors with an attractive opportunity to book profits. The December gold futures contract opened at Rs 1,20,600 per 10 gram, down above Rs 7,000 or 6%, while […]
Gold prices continued their decline on Wednesday, retreating further after a record rally earlier this week as traders cashed in on gains and sentiment improved after signs of thawing US-China relations. Spot gold fell 0.4% to $4,109.19 an ounce, following Tuesday’s steep 5% decline, the sharpest one-day drop since August 2020. The reversal came after […]
As Samvat 2082 begins, brokers are boosting investor sentiment with a bouquet of over 50 stock ideas to capture India’s next phase of earnings growth. After a subdued Samvat 2081, when benchmark indices underperformed global peers, analysts see a rebound in earnings, GST 2.0 reforms and policy-led consumption growth as key catalysts that could drive […]
The Indian market continued its winning streak on Friday, supported by foreign inflows, declining US bond yields, a stronger rupee and festive optimism. The S&P BSE Sensex rose 484.53 points, or 0.58%, to 83,952.19, while the NSE Nifty 50 rose 124.55 points, or 0.49%, to 25,709.85. This is how analysts read the market pulse: The […]
Indian benchmark indices Nifty on Monday ended their two-session gains amid a sell-off in FMCG and IT stocks. The profit bookings at higher levels took place against the backdrop of weak global signals. Nilesh Jain, Head – Technical and Derivatives Research Analyst at Centrum Broking said Nifty managed to defend the 25,200-point mark despite today’s […]
Benchmark Nifty may see further upside potential if bullish momentum pushes the index beyond the 25,450–25,500 levels. Banking and consumer stocks look promising and could offer better opportunities in the near term, analysts said. On the other hand, Nifty is expected to remain above 24,900 this week. PRICE MEHTA EXECUTIVE VICE PRESIDENT – RESEARCH, YES […]
The Indian market advanced on Friday, supported by gains in financial heavyweights amid renewed inflows of foreign portfolio investors (FPIs) over the past three sessions. Optimism ahead of the quarterly earnings season added to the bullish sentiment, although Tata Consultancy Services (TCS) limited broader gains after reporting weaker-than-expected quarterly results in September. The S&P BSE […]
Tata Communications has made a decisive breakthrough, indicating a possible structural upward trend. According to Rupak De, Senior Technical Analyst at LKP Securities, the stock seems poised for a medium-term rally with a target of Rs 2,300 in the next 9 to 12 months, while Rs 1,700 remains a key support level. Edited excerpts from […]
