Stock Market Updates

While the Nifty has corrected from the highs, the short-term trend remains up. Further upsides are likely once the immediate resistance of 18,160 is taken out. Further weakness could emerge if the support of 18,078 is broken. Catch the mid-market details with Subash Gangadharan.

U.S. stocks closed sharply higher on Friday, as investors weighed the jobs report for October. Midterm U.S. elections will be held on Tuesday where Republicans could win control of one or both chambers and lead to deadlock on fiscal policy. Positive market sentiment earlier Friday may have been influenced by speculation linked to China. There’s some rumor that the potential exists from their zero-...

Weekly audio podcast summarising the happenings of the past week and forecasting the market direction in the coming week.

While the Nifty has corrected from the highs, the short-term trend remains up. Further upsides are likely once the immediate resistance of 18,108 is taken out. Further weakness could emerge if the support of 18,017 is broken. Catch the mid-market details with Subash Gangadharan.

U.S. stocks ended a choppy session lower on Thursday and extended a losing streak to four sessions. Markets are more concerned with the ultimate level of rates rather than the pace of tightening. In Europe, the Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rises in three decades. The Bank of England told investors to rein in expectations for hikes, which saw...

While the Nifty has corrected, the short-term trend remains up. Further upsides are likely once the immediate resistance of 18,106 is taken out. Further weakness could emerge if the support of 17,959 is broken. Catch the mid-market details with Subash Gangadharan.

While the Nifty has corrected, the short-term trend remains up. Further upsides are likely once the immediate resistance of 18,179 is taken out. Weakness could emerge if the support of 18,066 is broken. Catch the mid-market details with Subash Gangadharan.

U.S. stocks posted back-to-back losses on Tuesday. Asian stocks were mixed on Wednesday following declines in US shares. Nifty has formed a doji after a rise suggesting indecision after a rise. On upmoves, 18,287 could offer resistance while 18,022 could offer support. Indian markets could open flat, in line with mixed and rangebound Asian markets. Listen to the D-Street Details with Devarsh Vakil...

With the Nifty rallying further, the short-term trend remains up. Further upsides are likely once the immediate resistance of 18,176 is taken out. Weakness could emerge if the support of 18,060 is broken.

The Dow finished with its best October performance ever on Monday. The US Fed, which begins its two-day meeting on Tuesday, is expected to deliver a fourth straight 75-basis-point rate hike on Wednesday in its attempt to tame inflation. Investors will also focus on the communication of the outlook. Asian shares rose and bond yields firmed in early trade on Tuesday despite mild losses from Wall Str...

The intraday trend of Nifty is positive. Index would continue the positive momentum towards 18,000 or higher levels. The level of 18,000 is a psychological resistance. Intraday support is placed at 17,935. Key resistances are placed around 18,000 – 18,050 levels.

Nifty rose for the second consecutive session on Oct 28th after a see-saw session. At close, Nifty was up 0.28% or 49.9 points at 17,786.8. We have a data heavy week ahead. The US Fed’s policy committee meets on Tuesday and Wednesday and is widely projected to lift its target rate by three-quarters of a percentage point for a fourth-straight time, to 3.75%-4%. The week closes with the US October j...

Weekly audio podcast summarising the happenings of the past week and forecasting the market direction in the coming week.

After showing a positive opening, Nifty extended the rise above previous day’s and also the recent intraday swing high. From the highs, index shifted into minor correction and wiped out more than 90% of the day’s gain. The intraday trend of Nifty is mildly negative. Index is consolidating with range bound action and it may continue for rest of the day in the range between 17,840 to 17,720 levels.

The RBI has announced an additional meeting of the Monetary Policy Committee on Nov. 3rd. The meeting would be convened under Section 45ZN of the RBI Act, which spells out the course of action by the central bank if it fails to meet the inflation target, according to an RBI statement. Nifty rose in the closing minutes of trade on Oct 27 which was a monthly F&O expiry day. At close, Nifty was u...

After showing a positive sign in the opening, Nifty witnessed gradual selloff from high of the day. Index may recover in the second off on the back of derivative expiry. Intraday support is placed at 17,650. Next upside levels to be watched around 17,750 levels.

Global equities advanced on Thursday as Chinese shares extended a rebound and US stock futures overcame earnings worries from tech giants. Nifty fell on Oct 25, breaking a 7-day winning streak, weighed down by mixed global cues. At close Nifty was down 0.42% or 74.4 points at 17,656.40. Nifty fell on the 8th day of the upmove filling the upgap made on the previous session. Post the gains made in m...

On the Muhurat trading day (Oct 24), benchmark indices ended on a strong note with the Nifty finishing above 17,700 (up 0.88% at 17,730.8). Nifty logged its best Muhurat trading session since 2008, aided by broad based gains across sectors led by industrials, financial services, information technology, banking, capital goods stocks. Nifty rose with an upgap on Monday but ended with a doji, suggest...

Weekly audio podcast summarising the happenings of the past week and forecasting the market direction in the coming week.

U.S. stocks finished lower for a second day on Thursday, erasing their earlier gains despite a strong start to the third-quarter earnings season, as Treasury yields rose to fresh multiyear highs. Nifty ended higher on Oct 20th for the 5th consecutive session after a last hour recovery led it to a positive close. Nifty could now remain in the 17,434-17,642 band for the near term.

Nifty opened today with a downside gap. After opening, Nifty filled the gap during the first few hours and began correcting back towards its previous low of 17,421.

Equities were initially buoyed on Wednesday by a well-received update from Netflix Inc. late Tuesday, that cemented the impression that the third-quarter earnings season would support the market. However, positive news on company earnings was offset by a renewed rise in bond yields and a poorly received US 20-year Treasury auction. The US two-year yield jumped to the highest since 2007. This helpe...

After showing an upside bounce from the lows on Tuesday, Nifty witnessed upmove so far today. Intraday support is placed at 17,480 level and resistance is placed at 17,620 level.

U.S. stocks finished higher for the second day in a row on Tuesday as investors celebrated another batch of robust corporate earnings reports. Nifty rose for the third consecutive session on Oct 18th aided by positive overnight cues. Indian markets could open flat to mildly higher, in line with mixed Asian markets today and despite positive US markets on Tuesday.

After showing an upside bounce from the lows on Monday, Nifty witnessed sharp upmove so far today. Intraday support is placed at 17,425.