Indian stock market: The Indian market closed lower on Friday, dragged down by auto and banking stocks. While gains in pharma and metal sectors offered some support, they weren’t enough to lift the indices. As a result, the Nifty 50 declined by 0.14%, marking its third consecutive close below 25,000 at 24,964. Meanwhile, the Sensex … Read more
Buy or sell: The Nifty index concluded the week at 25,356, positioning itself near the key resistance zone of 25,500. As highlighted in previous analyses, a close above 24,600 ignited bullish momentum, paving the way for resistance targets between 25,200 and 25,500. As we have mentioned following a period of oversold conditions, a pullback rally … 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 idea is to use it as a tax book while filing returns. However, instead of easing compliance, it has often increased the burden on taxpayers mostly because details related to equity transactions in the statement are inaccurate. To make matters worse, the onus of fixing the errors lies with the taxpayers. Experts said the … Read more
Indian stock market: Market indices Sensex and Nifty reached new closing highs on Monday, July 15, driven by gains in select index heavyweights including SBI, ONGC, NTPC, and ITC. The Nifty 50 reached a new record peak of 24,635.05 during the session, ultimately closing 85 points higher at 24,586.70, an increase of 0.35 percent. Meanwhile, … Read more
Indian stock market: Nifty has been hovering within the 23300 to 23600 range, indicating indecisiveness, which sets the stage for a very volatile monthly expiry. A decisive move above 23600 might take the index towards 24000 in the short term, whereas failure to hold above 23300 might trigger panic in the market. Below 23300, the … Read more
Indian stock market: The Indian stock market benchmark index Nifty 50 ended its five-session winning streak on Wednesday, June 19, due to profit-taking at higher levels. The Nifty 50 reached a new peak of 23,664 during the session but retreated from those levels to close down 42 points, or 0.18%, at 23,516. During the session, … Read more
Indian stock market: On Tuesday, May 28, the Indian stock market remained under pressure, with the benchmarks—the Sensex and the Nifty 50—closing in the red for the third straight session. The Indian stock market has experienced significant volatility this month due to substantial foreign capital outflows driven by election-related caution. The market has fluctuated between … Read more
Indian stock market: Both Nifty 50 and Sensex remained steady after reaching new peaks earlier in the trading day on Monday, May 27. However, they later retreated from these highs due to profit-taking at elevated levels, influenced by a mix of global signals. Despite initially climbing to record levels with the Sensex touching 76,009.68 and … Read more
Buy or sell stocks for today: The Indian stock market indices, Sensex and Nifty 50, concluded with substantial increases, driven by robust purchasing activity in banking and financial sectors, on Monday, April 29. This surge followed the positive performance of key players within these sectors during the March quarter, contributing to the overall bullish sentiment … Read more