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Source: Live Mint The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open on a cautious note on Tuesday, despite gains in global market peers. The trends on Gift Nifty indicate a flat-to-positive start for the Indian benchmark index. The Gift Nifty was trading around 23,477 level, a premium of nearly…
Source: Live Mint Two stocks to trade, recommended by NeoTrader’s Raja Venkatraman: • Ester Industries Ltd: Buy above ₹169 | Target ₹185 | Stop loss ₹162 This counter, after testing the value support region around ₹136-138 levels in the last few weeks, has shown an inclination to resume the upward bounce. A long body candle…
Source: Live Mint However, due to the monthly F&O expiry, the index witnessed some volatility and closed near the day’s high at 23,249.50. As a result, the index formed a bullish candle with a higher-high and higher-low price structure. Barring FMCG, all major sectoral indices closed higher. The broader market participated in the rally as…
Source: Live Mint Nifty 50 on 29 January: A recap The Nifty 50 extended its winning streak for a second straight session, closing 206 points higher at 23,163.10. Tracking positive global cues, the index opened strong at 23,026.75 and maintained its bullish momentum throughout the session. Optimism surrounding global tech stocks and anticipation of the…
Source: Live Mint Nifty 50 on 22 January: Recap The Nifty and the Sensex experienced a rise, driven by HDFC Bank’s solid third-quarter results, which uplifted market sentiment. However, the overall optimism was curbed by declines in energy, metal, and state-run bank stocks. The IT index stood out as a top performer for the day,…
Source: Live Mint Nifty 50 on 21 December: Recap It has been a week of unprecedented events that led to some sharp drawdown on the broader indices. As the trends began to slip, there was widespread chaos due to the complete lack of clarity. The strong rebound in the wake of a historical global sell-off…
Source: Live Mint Nifty 50 on 20 January The Nifty 50, India’s benchmark index, opened with a positive gap-up, taking cues from the global markets and Q3 numbers of Kotak Bank and Wipro. Later, it traded in a volatile manner. However, it has protected its Friday’s low. The index opened at 23,290, traded within the…
Source: Live Mint Nifty 50 on 15 January: Market Recap On 15 January, the market continued to struggle, despite being in a heavily oversold position. Recent upticks are viewed as technical recoveries rather than a true shift in fundamentals. Earnings for Q3 are projected to be lacklustre, weaker than the prior quarter, which further fuels…
Source: Live Mint Nifty 50 on 7 January: Recap Even though there was a brief recovery on 7 January, markets still encountered notable selling pressure during attempts to bounce back, suggesting that bearish sentiments prevail. Interestingly, the volatility index (India VIX) decline indicates a reduction in participant anxiety. Considering these mixed indicators, it’s advisable to…
Source: Live Mint Nifty 50 on 30 December: Recap Benchmark indices fell on the penultimate trading day of 2024, dragged down by losses in banking stocks amid weak global cues. Most global markets traded weak as elevated US treasury yields and the prospect of fewer US rate cuts than earlier anticipated weighed on sentiment. Nifty…
