Presenting a comprehensive recap of the week’s highlights, spanning from top news to market performance, here’s your market wrap for the week concluding on July 19, 2024. Source link
Nifty
Mumbai: Profit-booking ahead of key corporate earnings and the budget next week dragged down benchmark indices the most in a month-and-a-half on Friday. Fear gauge India Vix rose to the highest level in over a month. The Nifty fell 1.09% to 24,530.9 while the Sensex pulled back from the 81,000 […]
Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open with minor gains amid cautiousness following weak global market cues. The trends on Gift Nifty indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 24,840 level, a premium of nearly […]
Brokerage firm Prabhudas Lilladher has raised its 12-month forward target for the benchmark Nifty to 26,398 from 25,816, as compared to a month ago. “In the Base Case,PL values NIFTY at 3% discount to 15-year average PE (18.6x) with March 26 EPS of 1,417 and arrives at a 12-month target […]
Indian stock market: The domestic equity market indices, Sensex and Nifty 50, are expected to open flat-to-positive on Thursday amid weakness in global markets. Asian markets traded lower, while the US stock market ended largely in the red overnight amid selling in technology and chip stocks, with the Nasdaq recording […]
Indian stock market seems to be at relatively normal valuations at the Nifty level, said Deepak Shenoy, Founder and CEO of Capitalmind. In an interview with Livemint, Shenoy said he continues to invest in India’s domestic manufacturing industry, energy sector and in local consumption. Here are edited excerpts. Q. As […]
Deepak Jasani, Head of Retail Research at HDFC Securities, believes the market will witness some profit booking post the Budget. However, Jasani added that after some correction, in case of no negative news, it will attempt to go higher again. Suggesting a market strategy with the Union Budget in mind, […]
Indian stock market: The Nifty has given a consolidation breakout on the daily chart, driven by a strong technical breakout in IT giants. The sentiment looks positive from here, as the indicators and popular overlays indicate a continuation of strength. Support is visible at 24,400, where significant short buildup has […]
The Nifty index closed the trading week at 24,500, marking a weekly high of 24,500, close to the resistance zone of 24,500-24,600. Throughout the week, the index fluctuated within a range of 24,100-24,500. This rally can be considered a pre-budget rally, focusing on manufacturing, infrastructure, export, defense, auto, and fertilizer […]
Presenting a comprehensive recap of the week’s highlights, spanning from top news to market performance, here’s your market wrap for the week concluding on July 12, 2024. Kuvera First Published13 Jul 2024, 11:42 AM IST From top news to market performance, here’s the market wrap for the week ended July […]