The Nifty50 recouped losses and closed in the green after three sessions of decline. The index closed above its crucial support placed at 12,000 levels, and above its 5-Days EMA placed at 12,039. Let’s look at the final tally on D-Street – the S&P BSE Sensex rose 178 points to 40,850 while Nifty50 closed 49…
Nifty closes below 12K for the first time since Nov 22; time to buy?
Indian market witnessed consolidation for the third consecutive day in a row on Tuesday and closed below 12,000 levels for the first time since November 22. Let’s look at the final tally on D-Street – the S&P BSE Sensex fell 126 points to 40,675 while the Nifty50 closed 54 points lower at 11,994 on December…
Rate cut hopes help market cut losses; Sensex, Nifty close flat
The Indian market consolidated in a narrow range but dips were mostly bought into as sentiment remained upbeat in anticipation of another rate cut by the Reserve Bank of India (RBI). The Monetary Policy Committee (MPC) will cut interest rates for the sixth straight time on December 5 to support growth that has continued to slip to…
Market pauses for GDP numbers, clarity on US-China trade deal
Indian equity benchmarks ended lower by nearly a percent on November 29 as investors took money off the table ahead of the country’s second-quarter GDP numbers while weak global sentiment, too, weighed on the sentiment. India’s economy was seen growing at 4.7 percent in the July-September quarter, its weakest pace in more than six years,…
Investors embark on profit-taking, worried over threats facing the market
The Indian market saw profit-booking on November 29 ahead of the release of the second-quarter GDP data that will likely show growth slipping below symbolically important 5 percent or even further to decade’s low of 4.7 percent. Market benchmarks, the Sensex and the Nifty, had hit fresh highs a day earlier, buoyed by reports that…
Overall trend remains positive, but some profit-booking likely
Headline indices Sensex and Nifty hit fresh record highs on the F&O expiry day on November 28 as investor sentiment remained positive on the back of positive global cues and strong FII inflows. Nifty ended at 12,151 while Sensex settled at 41,130, supported by gains in shares of select heavyweights, including ICICI Bank, Reliance Industries…
Nifty seen opening lower; Raymond, UltraTech Cement top buys
Nifty is expected to open lower on November 29, tracking mixed global cues over worries that the new United States law backing Hong Kong protesters could hit prospects of a US-China trade deal. As per Reuters, China warned the US on November 28 that it would take firm counter-measures in response to their legislation…
No Monday blues on D-Street! Sensex ends at fresh closing peak, Nifty above 12,050
Sensex hit a fresh record high of 40,931.71 on November 25, surpassing its previous record high of 40,816 while Nifty50 topped 12,050 levels on a closing basis. Sensex rallied by more than 500 points while Nifty saw an uptick of nearly 160 points. The Nifty50 is now just 30 points away from all-time high while…
Market extends fall; IT, Teck top drags
The Indian market benchmark Sensex fell for the second consecutive day on November 22 on losses led by IT and bank heavyweights such as Infosys, HDFC Bank and TCS. The market remained in the lower terrain throughout the session even as global cues remained broadly positive after China said it wanted to work out…
Market ends lacklustre as investors book profits at record highs
A day after touching record high, Sensex lost steam on November 21 as investors took money off the table in the light of weak global cues. Most global markets were in the red as concerns resurfaced over the US-China trade deal after the US House of Representatives on November 20 passed two bills to support…