Nifty 50 on 7 January: Recap Even though there was a brief recovery on 7 January, markets still encountered notable selling pressure during attempts to bounce back, suggesting that bearish sentiments prevail. Interestingly, the volatility index (India VIX) decline indicates a reduction in participant anxiety. Considering these mixed indicators, it’s advisable to maintain a “sell…
Fiem Industries, a leading player in the two-wheeler automotive lighting and rear-view mirror segments, has seen its shares surge significantly in recent years, reaching new milestones and setting benchmark highs. Back in April 2020, the company’s shares were trading at just â‚ą101 apiece. Since then, they have skyrocketed by 1,500%, now trading at around â‚ą1,650….
Stock market today: Frontline indices – the Sensex and Nifty 50 ended the day relatively unchanged, on Tuesday. The Sensex began at 82,652.69, slightly above its previous closing of 82,559.84. It moved within a narrow range of approximately 274 points and finished 4 points lower at 82,555.44. The Nifty 50 opened at 25,313.40, marginally above…
Buy or sell: The Nifty index closed the week at 25,235, breaking above the resistance zone of 25,200, as discussed in the previous analysis. This close above the 25,200 resistance level indicates a continuation of the bullish trend, demonstrating the strength of the index above the support zone of 24,900. Throughout the week, Nifty fluctuated…
Stock market today: On Tuesday, August 27, Indian stock market benchmarks, the Nifty 50 and the Sensex, ended the day flat. The Nifty 50 inched up by 7 points to close at 25,017.75, while the Sensex edged up by 14 points, finishing at 81,711.76. In contrast, the mid-cap and small-cap segments saw notable gains, with…
Buy or sell stocks today: The Indian stock market indices, Sensex and Nifty 50, seem to be consolidating near the record high levels. Both the benchmark indices ended flat on Tuesday amid mixed global cues even as the expectations of interest rate cuts by the US Federal Reserve continue to support the global equities. On…
Buy or sell: The Nifty index ended the week at 24,823, aligning with the previously discussed support zone of 24,400-24,600. As anticipated, the index moved above this support zone, closing at 24,823 and approaching its resistance level of 24,900-25,200. Over the week, the Nifty fluctuated between 24,400 and 24,800. The sustained close above 24,600 suggests…
Indian stock market investors should capitalize on the growth potential of midcap and smallcap segments while having defensives like largecap pharma, IT and consumer in their portfolio, said Vikram Kasat, Head – Advisory, PL Capital – Prabhudas Lilladher. In an interaction with Livemint, Kasat said there is more valuation comfort in largecap stocks and investors…
Indian stock market: Market indices Nifty 50 and Sensex extended their winning streak to six consecutive sessions. The Nifty 50 closed the day up by 41 points, or 0.17%, at 24,811.50, with 27 stocks gaining. Meanwhile, the Sensex finished 148 points, or 0.18%, higher at 81,053.19. “Nifty Index opened gap up and remained in the…
US Fed rate cut: The recent downward revision of US jobs data, along with the minutes from the latest FOMC (Federal Open Market Committee) meeting, has strengthened expectations of a rate cut in September. Many experts are certain that the Fed will cut benchmark interest rates within the next few weeks. The next US FOMC…
