Market recovers on hopes that Centre will tweak tax surcharge on FPIs

Indian markets recovered in the second half of the trading sessions on August 2, largely supported by short coverings after media reports quoting government officials suggested that Prime Minister Office (PMO) and finance ministry’s top bureaucrats are in talks over foreign portfolio investor (FPI) surcharge issue. The government is likely to put on hold a…

Fed comments spook markets; Nifty at 5-month low

Indian markets saw some recovery in the last hour of the trading session on August 1 that helped the S&P BSE Sensex to climb above 37,000 and Nifty to climb above 10,900-10,950. Nifty breached 10,900 on an intraday basis but then recovered sharply to close at 5-month low helped by gains in energy, and auto stocks….

Short covering push markets higher; Nifty above 11,100

Indian markets witnessed a short-covering bounce in the last 90 minutes of trade on July 31 which pushed the Nifty50 back above 11,100 levels but still below its 200-days moving average placed at 11,148. The final tally on D-Street: the S&P BSE Sensex up 83 points and the Nifty50 higher by 32 points at 11,118….

Nifty breaks below 200-DMA; Midcap [email protected] low

“A lot can happen over a coffee”, and also in a single trading session. The Café Coffee Day tag line played out in the market on July 30, as in a single trading session Nifty broke below 200-day exponential moving average (DMA), a level last seen in March 2019 and Sensex below 37,400, a level…

Motown woes hurt; Nifty slips below 11,200

Indian indices broke below crucial support levels on July 29 hit by a fall in auto stocks, persistent selling by foreign investors, muted corporate results, and sharp fall in bond yields. The S&P BSE Senses fell nearly 200 points while the Nifty 50 broke below the crucial psychological support at 11,200 levels. The final tally…

TGIF! Benchmark indices snap 6-day losing streak

Benchmark indices snapped a six-session losing streak on July 26 as Sensex closed 50 points higher to end at 37,882 while Nifty rose 32.15 points to settle at 11,284. The bounce was largely technical in nature as the market was trading near crucial support levels. Experts feel that concerns around corporate earnings still remain and investors…

Sixth straight day of fall on expiry day; Bajaj twins sink 4%

Markets remained volatile on the July series expiry day. Nifty fell about 5 percent in July series, its worst since October 2018. Nifty Midcap and Nifty Bank’s fall in July series was also the biggest in 10 months. Indian markets fell for the sixth straight day on July 25 to close with marginal losses. Nifty…

Fifth straight day of fall; Nifty slips below 200-EMA

Indian market fell for the fifth consecutive day in a row on July 24 pushing Nifty below its crucial support at 200-day Exponential Moving Average (EMA) while Sensex saw a cut of more than 100 points. The final tally on D-Street – Sensex fell 135 points to 37,847 while Nifty closed 59 points lower at…

Nearly 400 stocks hit 52-week low on a volatile day

Indian markets that started off on a positive note failed to keep the momentum going as bears took control of D-Street on July 23 and pushed Nifty lower for the fourth consecutive day in a row. Sensex failed to hold on to its crucial psychological support at 38,000 weighed down by selling in HDFC twins….

Sensex holds 38K; Nifty takes support at 200-EMA

Bears remained in control of D-Street for the third consecutive day in a row to hit a fresh 2-month low on July 22. Sensex managed to hold on to 38,000 towards the close after it breached the level intraday. Nifty got support near its 200-day exponential moving average (EMA). Selling in heavyweights like HDFC twins,…