Latest Updates Around The World
Domestic copper prices rose 1.6% to touch a day’s high of Rs 1,334.70 on Tuesday, inspired by international red metal prices hitting a new record high after supply concerns surfaced following disruptions at new mines.The strike at Capstone Copper’s copper and gold mine in Mantoverde in northern Chile has fueled supply problems, Reuters reports. In […]
Domestic aluminum prices beat global cues on Wednesday as they fell 1.3% intraday to touch a daily low of Rs 294.60 on the MCX while posting gains. Meanwhile, peers on the Shanghai Futures Exchange (SHFE) and the London Metal Exchange (LME) traded positively.Aluminum futures on the January MCX were hovering around Rs 296 per kg. […]
Markets ended the shortened holiday week with modest gains, continuing their ongoing consolidation trend. Despite a strong start, benchmark indices remained largely range-bound in the second half, pressured by mixed global signals and subdued year-end trading volumes. The Nifty closed at 26,042.30, while the Sensex ended at 85,041, indicating a cautious but stable market tone.Investor […]
Markets traded dull for the second straight session on Wednesday, ending marginally lower, indicating continued consolidation after the recent surge. Analysts maintain a positive bias amid the ongoing consolidation in the index and continue to recommend a buy-on-dips approach as long as the Nifty maintains its prevailing uptrend.“For renewed momentum, stronger participation from the banking […]
Markets recovered on Friday after the recent decline, following favorable global signals. From a technical point of view, analysts Nifty have once again regained their short-term moving average, the 20-DEMA, around the 25,950 level. However, durability above this zone is essential for the index to move towards the 26,050–26,200 range.“In the current setup, a stock-specific […]
The near-term outlook for Nifty has turned cautiously positive, supported by improving technical signals, a recovery in the rupee and a resumption of buying by foreign investors. While resistance around 26,000 points remains crucial, a decisive breakout could pave the way for further upside potential, although periodic consolidations or volatility cannot be ruled out.RUCHIT JAIN […]
Market movements throughout the week were largely driven by macroeconomic developments and changing global signals. On the domestic side, the rupee slid to a new low of 90.56 against the US dollar, weighing heavily on risk sentiment. However, some respite came after the US Federal Reserve announced a 25 basis point rate cut, while optimism […]
Markets remained volatile and closed lower on Wednesday, continuing the cautious sentiment. Analysts say the recent decline, after Friday’s RBI-driven rally, has weakened short-term sentiment and now see 25,650 as the next critical support.“A decisive break below this level could further widen the consolidation margin, with the next major support at the 25,400 level. On […]
NEW DELHI: The Enforcement Directorate has said that real estate developer Experion Developers misused the provisions of the Insolvency and Bankruptcy Code in acquiring 9.3 hectares of land in Sector 62 of Gurugram.While investigating a Prevention of Money Laundering (PMLA) case against Religare Finvest, the ED had seized assets of the corporate debtor, Dignity Buildcon, […]
India’s stronger-than-expected GDP growth of 8.2% in the second quarter has likely set the stage for a strong start to the week, with most analysts expecting the market to open higher on Monday. The print has exceeded all forecasts, reviving confidence in domestic demand and strengthening India’s position as a standout market at a time […]
