Bank Nifty Trading Strategy Today: The Indian stock market indices, Sensex and Nifty 50 hit a life-time high on September 20 led by optimism over the supersized US Federal Reserve’s interest rate cut last week. On Friday, the Sensex surged 1,359.51 points, or 1.63%, to close at 84,544.31, while the Nifty 50 settled 375.15 points, … Read more
The Indian stock market resumed its upward momentum and logged the best week since the end of June, largely supported by positive global cues ahead of a likely interest rate cut by the US Federal Reserve. In the third week of September, investors will closely monitor key market triggers such as new listings, domestic and … Read more
Indian stock market benchmarks witnessed a surprising decline last week after consolidating at all-time highs for 14 straight sessions dragged by weak global cues. In the second week of September, investors will closely monitor key triggers such as domestic and global macroeconomic data, including inflation in India and the US, foreign fund inflows, crude oil … Read more
Stock market today: Early on Monday, the domestic benchmark indices, the Sensex and Nifty 50, rose in response to a surge in their US counterparts and inflows of foreign funds. Following US Fed Chair Jerome Powell’s recent address at the Jackson Hole meeting, when he indicated that the time had come for policy to be … Read more
Buy or sell: The Nifty index ended the week at 24,823, aligning with the previously discussed support zone of 24,400-24,600. As anticipated, the index moved above this support zone, closing at 24,823 and approaching its resistance level of 24,900-25,200. Over the week, the Nifty fluctuated between 24,400 and 24,800. The sustained close above 24,600 suggests … Read more
The Indian stock market indices, Sensex and Nifty 50, are likely to open on a muted note Friday following weak sentiment in the global markets. The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 24,834 level, a discount of nearly 6 points from … Read more
Indian stock markets rebounded by the end of last week after caution due to the Hindenburg-Adani row and poor factory output data slid the indices into a consolidation phase. Week ahead, investors will eye upcoming domestic and global macroeconomic data, US Federal minutes of the meeting, Fed chief’s Jackson Hole speech, foreign fund inflow, crude oil … Read more
The highly-anticipated Union Budget week is finally here! The Indian stock market’s spectacular bull run ahead of the Budget session proved that investor sentiments are firm driven by hopes of policy announcements, domestic cyclicals, and growth-oriented sectors from the upcoming Union Budget 2024. In the fourth week of July, investors will keenly eye any Union … Read more
Indian stock market continued its record bull run picked up since June-end led by return of foreign inflows, albeit few phases of consolidation with the new earnings season. Bulls have tightened their grip on D-Street after a spectacular month-opening ahead of the Union Budget 2024 scheduled for later this month. In the third week of … Read more
The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,180 level, a premium of nearly 85 points from the Nifty futures’ previous close. On Thursday, the domestic equity indices registered fresh closing highs, with the Nifty 50 seeing June F&O series record expiry … Read more