[ad_1] Stock market today: Indian stock market benchmarks the Sensex and the Nifty 50 hit their fresh all-time highs in intraday trade on Monday, April 1, amid across-the-board buying despite mixed global cues. The Sensex opened at 73,968.62 against the previous close of 73,651.35 and rose about 0.82 per cent to hit its fresh all-time high of 74,254.62 within the first two hours of trade. The Nifty 50 opened…
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[ad_1] According to Axis Securities, Nifty 50 may trade between 22,800 and 21,800 with a positive bias for the week. The brokerage firm believes crossing and sustaining above the 22,500 level could trigger buying, driving the index towards 22,650 -22,800 levels. However, if the index breaks below the 22,150 level, it may fall towards 22,000-21,800, the brokerage firm said. Experts expect the market to see some volatility in the…
Read More »[ad_1] The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 22,530 level, a premium of nearly 40 points from the Nifty futures’ previous close. On Thursday, the domestic equity indices ended sharply higher amid positive global cues, with the benchmark Nifty 50 closing above the 22,300 level. The Sensex spiked 655.04 points to close at 73,651.35, while…
Read More »[ad_1] Indian stock market: The Nifty has made a notable advance above 22,500, following a sustained movement beyond 22,100. Moreover, there’s a visible consolidation breakout on the daily timeframe, indicating an increase in optimism. However, the Nifty faced initial resistance around its previous swing high of 22,526. Therefore, for a further rally, it needs to move decisively beyond 22,525. On the lower end, 22,200 might act as support for…
Read More »[ad_1] During FY24, stocks such as Tata Motors, Bajaj Auto, Adani Ports, Coal India, and Hero Motocorp witnessed extraordinary growth, with each of them vaulting over 100 per cent. Surprisingly, out of all Nifty 50 stocks, only two – Hindustan Unilever and HDFC Bank – concluded the fiscal year in the red, experiencing a decline of over 10 per cent each. Also Read: FY24 Review | Bajaj Auto, NTPC,…
Read More »[ad_1] The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 22,050 level, a discount of nearly 40 points from the Nifty futures’ previous close. On Tuesday, the domestic equity indices snapped their three-day gaining streak and ended half a percent lower, with the Nifty 50 holding 22,000 level. The Sensex declined 361.64 points to close at 72,470.30,…
Read More »[ad_1] Asian markets are mixed and the US market took a breather after a rally sparked by optimism over the US Federal Reserve’s interest rate cuts. The Indian stock market was closed on Monday on account of the Holi festival. The markets will also remain shut on Friday, March 29, on account of Good Friday. On Friday, the domestic equity benchmark indices ended with modest gains, extending the positive…
Read More »[ad_1] The March clampdown led the broad Midcap and Smallcap indexes to a total fall of -8% and -13%, respectively, from the intraday high to low between 5th to 14th of March. Following the low point reached last Thursday, the market has rebounded, experiencing a gain of around 5% to 7% respectively. The total cut has reduced to -4% and -7%, as of Friday, closing 22nd March. Technically, the…
Read More »[ad_1] The Indian stock market will be closed for trading on Monday, March 25 due to the celebration of Holi. The coming week, the market will only have three trading sessions, as exchanges will also be closed on Friday, March 29 for Good Friday also. On Monday, trading at the country’s largest non-agricultural commodity market, the Multi Commodity Exchange (MCX), will be closed during the morning session from 9…
Read More »[ad_1] Domestic equity benchmarks traded volatile – witnessing a roller-coaster move amid mixed cues last week before closing the week in positive territory by gaining nearly half a per cent. Initially, prices declined to a five-week low amid escalating concerns about froth building in the midcap and smallcap segments. The pressure on select heavyweights pushed the index lower in the middle. Also Read: FPIs pump ₹38,098 crore in Indian…
Read More »[ad_1] The timing and magnitude of potential rate cuts by the Fed remain uncertain, leaving questions about whether they will be modest or significant. Nevertheless, the indication that rate cuts are forthcoming still serves as a positive factor for the market, providing some clarity amidst the uncertainty. A big event is approaching now – the General Elections 2024. A seven-phase election will start on April 19 and continue until…
Read More »[ad_1] Despite a recent decline, where small caps have shown no returns in the last 90 days and mid caps have experienced corrections recently, their performance over the past 12 months still surpasses that of large caps, with returns exceeding 50%, says market expert. According to Equity market outlook – March 2024 report by Anand Rathi, the impressive progress over the last year can be credited to a recovery…
Read More »[ad_1] In a recent note, analysts at Jefferies said that they expect the hotel industry will conclude FY24 on a high note, with continued momentum in Revenue per Available Room (RevPAR) expected to extend into FY25. As per the brokerage, the key drivers propelling this growth include supportive macroeconomic conditions, with hotel demand surpassing supply growth. Additionally, the industry’s focus on pricing strategies, premiumization, and the enduring appeal of…
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