Blockbuster day for market ahead of exit polls

    It was a blockbuster day for the Indian market as Nifty50 reclaimed 11400 levels on a closing basis, while the S&P BSE Sensex had a touch and go moment with 38,000. Most experts suggest that the move could be largely led by short-covering ahead of the exit polls which are due on May 19. “Short…

    Volatility to stay till May 23, avoid leverage play

    The benchmark indices managed to bounce back on May 16 after being pulled down by bears in the previous trading session. This is just the second positive close that the index witnessed in the month of May. The final tally on D-Street – the S&P BSE Sensex rallied 278 points to 37,393 while the Nifty50…

    India VIX near 4-year high; monsoon to be key trigger ahead

    After a strong bullish candle seen on Tuesday, traders were hoping for a stable Wednesday. However, bears soon took control in the last hour of the trading session and pushed Nifty below crucial support levels. Trade tensions, profit booking at higher levels, mixed results from India Inc., delay in monsoon as well as growing uncertainty…

    Terrific Tuesday! Bulls push Nifty back above 11,200 levels

    From a terrible Tuesday, it turned out to be a terrific Tuesday as bulls took control of D-Street in the second half of the trading session, snapping nine-days of a bear grip, thanks to short coverings in beaten down sectors. At close, the Sensex rallied 227 points to 37,318 and the Nifty ended 73 points…

    Weak macro data, earnings push Nifty below 100-EMA

    After consolidating around 100-days exponential moving average (EMA), traders were confident that Nifty50 should be able to hold on to this level on May 13 but late hour selling pushed Nifty in the red for the 9th consecutive days in a row. The index posted its longest losing streak for the first time in the…

    Earnings dent sentiment; Sensex, Nifty down 3.8% for week

    Indian market witnessed an eigth consecutive day of fall on Friday. For the week, the S&P BSE Sensex plunged 3.8 percent while Nifty50 fell 3.7 percent in the same period. In terms of market capitalisation, investors lost nearly Rs 5 lakh crore during this week. The average market-capitalisation of BSE-listed companies fell from Rs 151.62…

    Nifty could retest 11,000; use any bounce to shed long positions

    As the Asian market slipped to an 8-week low, Indian markets started the day on a weak footing and hit a fresh 2-month low on May 9. The S&P BSE Sensex that fell for the seventh consecutive day in a row recovered slightly towards the close of the trade but still fell over 200 points…

    Wacky Wednesday! Nifty dragged by HRITHIK stocks

    Well, after a terrible Tuesday we got a wacky Wednesday. Indian market fell for the sixth day in a row to hit a 2-month low largely weighed by global weakness and selling seen in HRITHIK stocks, suggest experts. The S&P BSE Sensex plunged by nearly 500 points to close below 38,000 while the Nifty50 lost…

    Nifty#39;s 100-point fall opens room for traders to go short

    It turned out to be terrible Tuesday! It was a roller coaster ride for investors as Nifty, which started trading with a gap on the upside, failed to hold onto the gains and closed the day with losses of over 100 points while Sensex plunged more than 300 points. Investors lost more than Rs 1…

    Black Monday! Investors lose Rs 1.25 lakh cr amid volatility

    It was a Black Monday for the Street as investors lost Rs 1.25 lakh crore on the BSE in a single trading session, thanks to the global volatility. The average market capitalisation of BSE listed companies fell from Rs 151.62 lakh crore recorded on May 3 to Rs 150.37 lakh crore on May 6 which…