Stock Market Updates

US stocks glided near all-time highs ahead of the Federal Reserve decision, with traders divided on the size of an interest-rate cut. Crude oil futures finished higher Tuesday, appearing to get a lift after pagers carried by Hezbollah operatives in Lebanon exploded around the same time. The Government of India will no longer impose windfall tax on crude oil. India has displaced China as the world'...

U.S. stocks closed higher Friday, with the S&P 500 and Nasdaq Composite each posting its biggest weekly jump since November ahead of the Federal Reserve’s policy meeting. Gold prices powered higher on Friday, beating record levels, as a boost in bullish momentum fuelled by optimism that the U.S. Federal Reserve is on the brink of trimming interest rates was catalysed by fund inflows and a drop in...

The US Federal Reserve is in focus next week, as uncertainty swirls over how much the U.S. central bank will cut interest rates at its monetary policy meeting on Sept 18 and the pace at which it will reduce borrowing costs in coming months. Short term trend of the Nifty remains bullish. Resistance for the Nifty is now seen at 25527, which is derived from Fibonacci extension levels. On the lower si...

All three major US stock indexes reported large intraday comebacks with the help of dip-buyers on Wednesday, overcoming earlier weakness seen following the release of the August consumer-price index. A rally in the world’s largest technology companies spurred a stock-market rebound in a volatile session. It was the first time since October 2022 that each gauge erased an intraday loss of at least 1...

U.S. stocks finished mostly higher on Tuesday afternoon, with the S&P 500 and the Nasdaq Composite scoring 2 day consecutive gains ahead of Wednesday's release of August's CPI inflation report. A rally in the world’s biggest technology companies lifted stocks, offsetting a slew of cautious comments from American bank executives that sent financial shares tumbling. Maruti Suzuki India to export EVs...

U.S. stocks ended sharply higher on Monday, as equities bounced back from the worst week for the S&P 500 and the Dow Jones Industrial Average since March 2023. Asian stocks reversed early losses to rise marginally on Tuesday following Wall Street's overnight rally, though concerns about a still-struggling Chinese economy kept sentiment in check. GMR Airports to buy Fraport’s 10% to increase stake...

Nifty formed a long bearish candle on daily charts on Sept 06.  On weekly charts, Nifty fell 1.52% forming a bearish engulfing pattern that could lead to some more weakness in the coming week. 24472 could be the next support on the downside while 25084 could prove tough to cross the upside in the near term. Weakness in the US markets on Friday does not help matters for the Indian markets on Monday...

U.S. stocks finished mostly lower on Wednesday, with the S&P 500 and Nasdaq closing lower for the fourth time in the past five sessions, as investors continued to focus on the prospect of an economic slowdown. The 10-year yield dropped 7.6 basis points to 3.768% or the lowest level since July 19, 2023. U.S. manufacturing data helped trigger a widespread selloff. Oil futures settled lower on Wednes...

U.S. stocks finished sharply lower on Tuesday to begin a historically tough month of the year for the market, as investors evaluated weak manufacturing data that reignited concerns over an economic slowdown. U.S. and global benchmark crude-oil prices fell sharply on Tuesday to turn lower year to date, as downbeat economic data from China and a weak reading on the U.S. manufacturing sector fed worr...

The US markets were shut on Monday on account of Labor Day. European shares were little changed on Monday, as investors analysed economic data for signs on the European Central bank's policy trajectory, while Germany's DAX index hit a record close, even as populist wins in state elections inserted uncertainty. The pan-European STOXX 600 index was little changed at 524.94 points, still moving aroun...

Indian markets could open flat to mildly higher, in line with mixed Asian markets today and positive US markets on Aug 30 U.S. stocks ended higher Friday, with the Dow Jones Industrial Average notching a fresh record peak ahead of Labor Day weekend. The US personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge, rose 0.2% on a monthly basis in July and 2.5% f...

Nifty rose on Aug 30 with an upgap and closed at record highs. In the process, it formed a doji like pattern. On weekly charts, Nifty rose 1.66%, while on monthly charts it rose 1.14%. On monthly charts, Nifty has formed a hanging man type pattern, suggesting possibility of a reversal in the coming month.  Nifty could take support from 24971 while 25400 on the upside could prove to be a resistance...

U.S. stocks closed higher on Thursday in spite of a sharp pullback late in the afternoon session, with the blue-chip Dow Jones Industrial Average closing at another record close, as traders await the Federal Reserve's favored PCE inflation gauge due on Friday ahead of the long Labor Day weekend. A rally in the S&P 500 lost traction as Nvidia Corp. extended its selloff to more than 6%. RIL will als...

U.S. stocks were higher after the close on Tuesday, as gains in the Financials, Technology and Telecoms sectors led shares higher. The S&P 500 ended higher on Tuesday and the Dow Jones notched a record-high close ahead of a much-anticipated quarterly report from Nvidia on Wednesday and economic data expected later in the week that could give clues about the path of interest rate cuts. US consumer...

U.S. stocks ended mixed on Monday, while awaiting Nvidia Corp.'s earnings due Wednesday and new inflation data due Friday. A gauge of the “Magnificent Seven” megacaps slid 1.2%. The Dow closed at record highs, as cyclical stocks including financials were back in favor amid a rotation out from tech ahead of a widely expected Federal Reserve cut next month. China's industrial profits grew faster in...

OUTLOOK While rising for the seventh consecutive session, Nifty made a small negative candle on August 23 after a rise suggesting consolidation. On weekly charts, however, it rose 1.15% making a positive candle for the second consecutive week, and in the process filling the downgap made on Aug 05, thus nullifying part of the weakness. Nifty could now head towards 25078 on the upside in the near te...

Major U.S. equities indexes fell Thursday weighed by tech stocks as the Jackson Hole Economic Policy Symposium kicked off in Wyoming. Bond yields climbed and stocks got hit, with Wall Street traders betting Jerome Powell will throw cold water on market expectations for aggressive interest-rate cuts. The 10-year U.S. Treasury yield climbed nearly 9 basis points to 3.863%. While a repeat of Powell’s...

The S&P 500 closed higher Wednesday as the minutes of the US Federal Reserve's July meeting strengthened expectations for a rate cut next month, overriding concerns about the economy following softer labor market data. Minutes from the latest US Fed policy meeting showed several officials acknowledged a conceivable case for cutting rates, before the central bank voted to keep them steady. Chair Je...

U.S. stocks advanced on Monday - securing its eighth straight winning session -, building on their largest weekly percentage gain of the year as investors focused on the Democratic National Convention and the upcoming Jackson Hole Economic Symposium. China’s loan prime rates were on Tuesday held at 3.35% for the one-year LPR and 3.85% for the five-year LPR, in line with expectations from a Reuters...

U.S. stocks closed higher Friday to book their best weekly advance since November. Strong retail-sales data Thursday helped offset concerns about potential weakness in the U.S. economy. These gains helped secure the best week of the year for all of the major indexes and the best week for stocks since November. The S&P 500 and the Nasdaq notched their seventh straight session of gains, as stocks re...

Wall Street's main indexes closed higher on Thursday, with the Nasdaq rising more than 2% after July U.S. retail sales data hinted at resilient consumer spending, calming fears of an imminent recession in the world's largest economy. Retail sales increased 1.0% after a downwardly revised 0.2% drop in June, easing fears of a sharp economic slowdown blown by a jump in the unemployment rate last week...

U.S. stocks finished higher on Tuesday, with the S&P 500 and the Nasdaq Composite scoring their biggest four-day rally of 2024 after softer-than-expected producer-price data strengthened bets that the Federal Reserve will commence cutting interest rates in September. Investors now await all-important consumer-price figures for July on Wednesday and retail sales data on Thursday to firm bets on an...

U.S. stocks closed higher Friday, meaningfully cutting losses from earlier in the week as equities staged a big comeback after extreme turbulence hit global financial markets. Godrej Properties to Launch Rs 21,000 Crore Worth Housing Projects By March IOC to raise refining capacity by 25% to meet India's oil needs Centre approves investment of Rs 10,501 cr in ONGC Petro additions Ltd Shares in Asi...

Nifty logged a second consecutive week of losses on the back of negative cues including unwinding of yen's carry trade, US recession fears along with the RBI governor's hawkish commentary. Nifty fell 1.42% over the week; however, it made a bullish hammer like pattern on weekly charts though with a downgap. On daily charts, Nifty made a small bullish doji like pattern rising above the highs...

All three major US stock indexes closed higher on Thursday for the second time in the past three sessions, powered by weekly jobless claims that gave investors hope the U.S. labor market can continue to hold up. This data soothed concerns over a U.S. economic recession. GAIL signs MoU for a stake in Rajasthan Gov’s power plants Metro Brands Limited announces strategic partnership with New Era Cap...