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Source: Live Mint The big picture: Nifty PSU Bank index rally The Nifty PSU Bank index, a key benchmark for public sector banks in India, has experienced a dramatic trajectory since mid-2022. The turning point came in July 2022, when the index crossed its 200-Day Simple Moving Average (SMA) at approximately 2,700, signalling the start…
Source: Live Mint Nifty 50 on 10 December: Recap On 10 December, Indian stock market benchmarks, the Sensex and Nifty 50, ended the session flat, with limited overall gains. However, stock-specific action kept market participants engaged. The realty sector stood out, advancing over 1%, while IT and PSU banks also contributed to the gains. On…
Source: Live Mint Indian stock markets have delivered an impressive 13 percent year-to-date (YTD) gain in 2024, with nearly all sectoral indices recording positive performance. The realty and pharma sectors stood out, posting gains of 39 percent and 32 percent, respectively. Meanwhile, indices like Nifty IT, Nifty PSU Bank, and Nifty Auto climbed over 20…
Source: Live Mint US stocks were mixed on Tuesday ahead of a key inflation data this week. At the opening bell, the Dow Jones Industrial Average fell 110.4 points, or 0.25 per cent, to 44,291.57. The S&P 500 rose 4.7 points, or 0.08 per cent, to 6,057.59, while the Nasdaq Composite rose 59.7 points, or…
Source: Live Mint Multibagger stock Lloyds Metals & Energy surged nearly 5 per cent to its all-time high level on Monday, December 9, driven by a bullish outlook from brokerage firm Incred Equities. The stock hit a new high of ₹1,099 in intra-day trading, reflecting investor optimism after Incred Equities initiated coverage on the stock…
Source: Live Mint US stock indices were muted on Monday as investors awaited a key inflation report this week. At the opening bell, the Dow Jones Industrial Average fell 4.5 points, or 0.01%, to 44,637.97. The S&P 500 fell 7.3 points, or 0.12%, to 6,083.01, while the Nasdaq Composite dropped 35.7 points, or 0.18%, to…
Source: Live Mint Mid-cap and small-cap stocks have long attracted investors due to their high return potential. The Nifty Midcap 100 and the Nifty Smallcap 100 have outperformed the benchmark Nifty 50 in 2024 so far, rallying 28 per cent and 29 per cent, respectively as against an over 13 per cent rise seen in…
Source: Live Mint After the strong November payrolls data, released last week, boosted hopes for an interest rate cut in December,the focus of investors in the week ahead will be on the consumer price inflation. The retail inflation data could provide clues on the US Federal Reserve’s last monetary policy of 2024. In addition, the…
Source: Live Mint Wall Street stocks edged higher on Friday after payrolls data showed growth in jobs in November. At the opening bell, the Dow Jones Industrial Average rose 58.6 points, or 0.13%, to 44,824.29. The S&P 500 rose 6.3 points, or 0.10%, to 6,081.38, while the Nasdaq Composite rose 43.2 points, or 0.22%, to…
Source: Live Mint Indian Stock Market: The Indian stock market has shown remarkable resilience in 2024, with benchmark indices Sensex and Nifty delivering double-digit returns despite global economic challenges and market volatility. This performance highlights the strength of India’s economy amid geopolitical tensions, elevated inflation, and sluggish global growth. Benchmark Nifty has gained almost 3,000…
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