The market breadth has turned decisively positive with 73% of Nifty 50 stocks now trading above their 50 EMA, signaling growing participation in the ongoing rally. According to Rupak De, Senior Technical Analyst at LKP Securities, this sharp improvement reflects strengthening momentum and improving risk appetite, increasing the likelihood of continued upside potential for the […]
The dollar remained just below multi-month highs on Thursday as a recovery in appetite for riskier assets lifted recent highs, while sterling was under pressure ahead of a Bank of England meeting where investors expect a dovish tone. At $1.1495 against the euro, the dollar is little changed, although it is marginally weaker than Tuesday’s […]