Index opened day with gap down but managed to grab the bullish stream in second half and closed a day at 15576 with minimal gains & formed a small bullish candle on daily chart. A good support lies at 15300 and as long as that level holds on a closing basis, the market trend is […]
The global crypto market cap is $1.62 trillion, a 2.17 percent decrease over the last day, while the total crypto market volume over the last 24 hours is $108.80 billion, which makes a 9.77 percent decrease. …Read the full story
Last week, the domestic market closed well after the initial weakness amidst rising COVID-19 cases, mainly due to a supportive global market. But, the US job data announced last weekend showed significant slippage than forecasted, signaling sluggish momentum in the labour market while cyber-attack hiked oil prices, triggering fall in global market. During this fall, […]
The Nifty50 closed below 14700 much below the crucial support of 50-Days Simple Moving Average placed at 14,723. We reiterate that in any bull run when the benchmark goes into some consolidation; it’s the MIDCAP and SMALLCAP which outperform and this is what is happening. There are as many as 28 stocks in S&P BSE […]
With the lockdown in various parts of the country continuing to extend, the Retailers Association of India said it is becoming increasingly difficult for retailers to retain employees and keep their companies alive, and that capital is needed to inject into the industry. On Thursday, the US market ended sharply higher, bouncing back from three […]
According to pivot charts, the key support levels for the Nifty are placed at 14,622.8, followed by 14,549.1. The Nifty futures were trading around 14,666 level on the Singaporean Exchange, down 30 points from May 12 closing of 14,696.50. Measured by the Index of Industrial Production , data for which was released by the Centre on […]
In the backdrop of the raging COVID-19 pandemic and economic slowdown, investors can buy gold as part of their overall asset allocation through these instruments rather than as jewellery, especially as shops may be shut due to lockdowns. In the first round of lockdown in 2020, gold mines were shut and recycling was also hit. […]
The market extended losses for the second straight day on May 12, dented by weak global cues. The optimism created after the Tuesday upside recovery has been negated on Wednesday and Nifty closed below the low of previous candle at 14,771,” Nagaraj Shetti, Technical Research Analyst at HDFC Securities told Moneycontrol. “There is a possibility […]
The first tranche of Sovereign Gold Bonds 2021-22 will be open for subscription for five days from Monday, the finance ministry said in a statement. The subscription period for 2021-22 Series I will be May 17-21, and bonds will be issued on May 25. The price of the bond will be fixed in Indian Rupees […]
Indian markets woke up to negative cues with the Asian markets at a two-month low and the Taiwanese stocks trading 8 percent lower over fears of a coronavirus surge. Investors are worried about the rise in COVID cases that could restrict business activity in Taiwan, which is the world’s semiconductor hub. The Taiwanese market has […]
After a blowout of US NFP data, the test case on US inflation has come back again and the anxiety is jolting the global risk appetite. If the inflation figure comes in line with market expectations then bets for a monetary tightening sooner than expected will push the USDINR spot prices even higher. The new […]
According to pivot charts, the key support levels for the Nifty are placed at 14,781.47, followed by 14,712.13. This is due to the ratings agency believing that the quality of India’s growth has also declined, alongside a marked slowdown in the rate of economic expansion in recent years. Faster-than-expected recovery from the pandemic induced disruptions […]
Indians love to buy gold on the occasion of Akshaya Tritiya and the more prudent among those invest in the yellow metal via bonds or funds. For instance, the series SGB2020-21 Sr-V were traded with a daily average volume of 2,468, 656 and 600 units, respectively in the past three months. You may not be […]
Emerging market after the 2020 US general election. A stronger USD and weakness in the Asian tech stocks, which comprise 21 percent of the entire MSCI EM index, are the main factors behind the halt in the EM rally. In the near term, the dollar is likely to be supported by strong growth outlook for […]
It has really tightened expectations out of the market, at least at the margins of Federal Reserve rate hikes,” IG Market analyst Kyle Rodda said. …Read the full story
The country’s largest cement manufacturer on May 7 registered a 45.2 percent year-on-year decline in consolidated profit at Rs 1,775.23 crore for the quarter ended March 2021. …Read the full story
The BSE Sensex climbed 256.71 points to 49,206.47 on May 7 while the Nifty50 was up 98.40 points at 14,823.20. “Global experience also suggests that economic impacts from subsequent waves are smaller than from the first as economies learn to ‘operate with COVID’. Brent crude was up by 76 cents, or 1.1%, at $$69.04 a […]
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