Buy or sell: The Nifty 50 index wrapped up the week at 24,304, reflecting notable volatility as traders navigated through market dynamics. As the monthly expiry approached, a short covering rally provided a brief respite, enabling the index to bounce nearly 500 points and reaching nearby resistance levels around the 24,700-24,800 zone. Weekly Trading Summary … 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
Stock Market News: Domestic equity benchmarks Sensex and Nifty 50 snapped their two-week losing streak in the previous session powered by information technology (IT) stocks after positive macroeconomic data in the US allayed fears of a recession in the world’s largest economy, resulting in better risk appetite. The NSE benchmark posted its best session since … 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
Stock Market News: The domestic benchmark indices, Sensex and Nifty 50, finished Friday’s session on a bleak note since they were unable to recover their losses. In the last hour of trading, Nifty 50 managed to close above the dotted lines despite a lackluster day’s progress. Gains in energy stocks helped the Nifty 50 achieve a new … Read more
Stock Market News: Friday’s intraday trading saw the domestic benchmark indices, the Sensex and Nifty 50, reach record highs before ending slightly down as a result of profit-booking in the IT, FMCG, and healthcare sectors. Though the markets were supported by fresh inflows of foreign cash and steady prices of crude oil on international exchanges, traders … Read more