Thu, Nov 21, 2024
Sensex, Nifty crack amid global headwinds; Rs 6 lakh crore investor wealth erased
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Indian equities are set to start lower on the weekly expiry day after a day's breather.
GIFT Nifty dips, Asian indices slide; volatility spikes with India VIX up over six percent—key levels to watch as traders navigate global uncertainties and cautious sentiment dominates Thursday's pre-market action.
Wed, Nov 20, 2024
Even as markets has shown some resilience, the level below 200DMA for the Nifty50 as per experts signal further weakness.
Tue, Nov 19, 2024
After climbing over 1,000 points earlier, the Sensex slipped by over 900 points from its intra-day peak, briefly trading at 78,396.33, up 1.37 per cent or 1,057.32 points by 1:20 PM.
Sensex climbed 1,016 points to 78,355 and Nifty added 297 points to reach 23,751 by 1 PM. Gains were led by Auto, Consumer Durables, and IT stocks amid a global market rally.
Sensex soars above 900 points as Nifty reclaims 23,700; IT, auto, and energy stocks fuel rebound amid oversold signals and positive global cues.
After Nifty 50 has been in the oversold zone, the index has gained sharply in Tuesday's trade.
Nifty 50 could slide to 23,200 amid bearish sentiment; resistance pegged at 23,700
Mon, Nov 18, 2024
Nifty posts longest losing streak since Feb 2023; IT, energy stocks drag markets lower.
Equity markets continue their downward trend for the seventh consecutive day. The Sensex has fallen by over 200 points, while the Nifty is hovering around 23,475. Market participants are closely monitoring global cues and domestic factors influencing the ongoing decline in stock indices.
Auto, metal stocks help Nifty, Sensex trim early losses; IT, energy lag amid weak earnings outlook
The Nifty is expected to open cautiously amid ongoing developments in the Maharashtra state elections and the release of corporate earnings reports. Market participants are closely monitoring political outcomes and earnings performance for further cues. Traders are anticipating volatility in the lead-up to these key events.
Despite some favourables like the oil's downward trajectory, Indian equtiies are set to enter the bear phase with the correction inching higher.
Flat to negative opening expected for Nifty50; Hero MotoCorp, Grasim, and Nazara Tech earnings in focus. Markets shut on Wednesday for Maharashtra polls.
Fri, Nov 15, 2024
Nifty enters corrective phase as global cues, FII sell-off continue; key levels to watch next week
After weak Q2 earnings, JM Financial reports a sharp cut of over 10 per cent in EPS as well as target price for small and midcaps.
Thu, Nov 14, 2024
Indian indices continued to underperform the global indices. Continuing their losing streak for the sixth session in a row, indices ended lower marginally in Thursday's session.
Market sentiment remained subdued amid weak performance in the FMCG and power sectors, while media and realty stocks showed resilience.
Benchmark indices fall over 4% in six sessions; rupee hits record low at 84.40 against USD as FPIs continue to sell.
The Indian stock exchanges, including the NSE and BSE, will be closed on Friday, November 15, in honour of Guru Nanak Jayanti.
Even as the FII exodus continues to hit sentiment, Indian equities snapped a five-session long weakness and traded higher.
GIFT Nifty futures, an early indicator of the 50-share index, were down 30 points or 0.13%
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