Edited excerpts: What is your outlook for the market in the short term? Is the Indian stock market at a fair valuation? Markets recovered the losses of June 4th, with the Nifty 50 index closing above 23,300 on June 12. It remained volatile due to the election results. Eventually, the […]
Nifty 50
Trade setup for Tuesday Speaking on the outlook for Nifty today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, “Nifty is currently placed at the hurdle of opening downside gap around 23,250 and the bearish weekly candlestick pattern like hanging man of last week is still intact. Despite […]
In day trading, the 30-share BSE Sensex rose 1,720.8 points, or 2.29%, to a new record high of 76,795.31. The benchmark closed at a record high of 76,693.36, up 1,618.85 points, or 2.16%. The NSE Nifty rose 498.8 points, or 2.18%, to 23,320.20 throughout the day, trailing just the record […]
Domestic equity benchmarks recorded the biggest weekly gain of 2024 after a volatile week. The indices began the week hitting all-time highs and rose 3.25 per cent on optimism of a memorable win for the ongoing government. The surprise poll outcome, with the ruling Bharatiya Janata Party (BJP) failing to […]
Expert view: Following the Lok Sabha election 2024 results, the D-Street witnessed a bloodbath on Tuesday, June 4. However, in the previous three sessions, domestic benchmark indices have extended advances into the third straight session, ending at new closing highs on Friday, June 7. Despite a 6% loss on June […]
After a nearly 6 per cent fall in the previous session, Nifty 50 jumped over 3 per cent on Wednesday, June 5, as hopes prevailed that the BJP-led NDA was ready to form a stable government. Also Read: Lok Sabha Election results 2024: What does lack of BJP majority mean […]
Indian auto stocks gained sharply in Tuesday’s trading session, with the Nifty Auto index gaining 5% to touch a fresh record high of 24,347 points. Two-wheeler stocks like Bajaj Auto, HeroMoto Corp., and TVS Motor Company, attained fresh record highs during the session, with gains ranging between 4% and 6.5%. […]
The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,570 level, a premium of nearly 160 points from the Nifty futures’ previous close. The counting of votes for the Lok Sabha Elections 2024 will begin soon with Prime […]
After the Nifty and Sensex ended with the biggest gains in 39 months, experts pointed to a likely encore on Tuesday – If the final results match pollsters’ predictions, that is. On Monday, the Nifty rallied 808 points or 3.58% to the day’s high of 23338.70, before closing 3.25% up […]
The majority of polls estimate the Bharatiya Janata Party (BJP)-led alliance will win between 350 and 400 seats overall, which is far more than the 272 seats needed for a majority in the 543-seat lower house of parliament. The alliance took home 352 in 2019. On Tuesday, the votes will […]