Led by declines in Reliance Industries, HDFC Bank, SBI, Kotak Mahindra Bank and Maruti Suzuki, the Sensex snapped its eight-day winning streak on March 22. On a weekly basis, Nifty50 closed marginally in green while the Sensex rose 0.37 percent. The big winner of the week is NiftyBank, which rose 0.68 percent for the week…
Nifty#39;s movement suggests buying interest missing
A day of consolidation for the Indian market just ahead of the ‘Holi’ holiday suggests that traders preferred to remain on the sidelines. The S&P BSE Sensex closed with positive bias while Nifty50 managed to hold on to 11,500 levels. But, can we say that the momentum is fizzling out? To a certain extent, yes….
Momentum still intact, Nifty on track to hit 11,700
What was expected to be like to be a day of consolidation turned out to be a day of buy-on-dips as the S&P BSE Sensex rallied over 250 points on March 19 while Nifty50 closed above March 18 intraday high of 11,530. The final tally on D-Street: The S&P BSE Sensex rallied 268 points to…
Nifty on track to hit 10,700; SBI, BoB top bets among PSU banks
A day of consolidation but bulls managed to keep benchmark indices afloat above their crucial support levels which is a positive sign for the bulls. The S&P BSE Sensex held on to its support at 38,000 while Nifty closed above 11,400. The final tally: The S&P BSE Sensex closed 70 points higher at 38,095 while…
Nifty on track to hit record high by May 2019
What a day for Indian markets! A 500-point climb but then the rally fizzled out towards the close of the session. The S&P BSE Sensex closed above 38,000 for the first time since September 14, 2018, while the Nifty50 also reclaimed 11,400 for the first time since September 18, 2018, and is all set to…
lose heart! Nifty has just taken a breather, rally intact
A day of consolidation for Indian markets but no love lost for the bulls as benchmark indices closed above crucial support levels. The Nifty50 registered a higher intraday low of 11,314 compared to low of 11,276 on March 13 suggests that bulls remained in charge. The index has already rallied by over 500 points so…
Rally may extend to 11,500, stick to quality stocks
It can’t get better than this if you trade in equity markets. Three straight sessions of rallies put Nifty50 well above 11,300 and Sensex above 37,700. Despite muted global cues in the morning, bulls managed to charge ahead which led to a strong rally in banks, realty, and energy stocks. The S&P BSE Sensex closed…
ICICI Bank, RIL among 7 stocks that investors can buy after today#39;s rally
It was a terrific Tuesday for D-Street as Sensex rallied by nearly 500 points while Nifty50 reclaimed 11,300, registering a fresh 6-month closing high. Fireworks were seen in the banking space as NiftyBank hit a fresh record high of 28,488 led by gains in IndusInd Bank, ICICI Bank, HDFC Bank, Kotak Bank and Axis Bank….
Nifty, Sensex hits 2019 high; time to book profits or stay put?
Well, one thing is certain that there were no Monday blues on D-Street. Both Sensex, and Nifty recorded their highest level in 2019. The S&P BSE Sensex closed above 37000 for the first time since September 19, 2018, while Nifty50 reclaimed 11,100 levels for the first time since September 21. Anecdotal data suggests that except…
Elections and growth slowdown harry investors
Weighed down by muted global cues, both Nifty50 and Sensex managed to close above their crucial support levels. The Nifty50 closed above 11000 while Sensex held on to 36,650. On a weekly basis, Nifty50 closed with gains of 1.5 percent while the Sensex rallied over 600 points or 1.6 percent for the week ended 8…