Stock Market Updates

All three major U.S. stock indexes finished higher on Monday, giving the Nasdaq Composite its biggest one-day percentage gain since July, The S&P 500 closed above a key technical level, bolstering global market sentiment. Stocks in Asia rebounded as UK reversed more of its unfunded tax cuts. Nifty rose for the second consecutive session on Oct 17th. At close, Nifty was up 0.73% or 126.1 points...

After showing weakness from intraday highs on Friday, Nifty shifted into a sustainable upside as of now. Immediate resistance is placed at 17,340.

A weekly wrap-up of currency markets. Check out the podcast on currency by Dilip Parmar.

Global cues continue to be choppy while individual company results may result in stock specific moves. Over a 3-week period, Nifty has formed a higher bottom. Once it breaches 17,429, it will also make a higher top. An upward breach of 17,429 could result in broad based and volume led rally in the markets. Indian markets could open lower, in line with lower Asian markets today and sharply negative...

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

After showing weakness with volatility in the last session Nifty witnessed sharp upmove so far today. Immediate support is placed at 17,250 levels.

U.S. stocks staged a massive turnaround on Thursday, ending a six-day losing streak, after erasing an early plunge seen when the September consumer-price index came in higher than economists expected. Nifty flattered on Wednesday to deceive once again on Thursday. Nifty has formed a triple bottom over the past three days in the 16,950-16,960 band. Post the return of positive sentiments across the...

The alternative movement like one day up and down continued in the market. After showing a sustainable upside bounce in last session, Nifty slipped into weakness so far today. Immediate support is placed at 16,950.

U.S. stock indexes ended a volatile session slightly lower on Wednesday after hotter-than-expected producer price inflation data. Traders are awaiting U.S. September consumer prices data on Thursday due at 8:30 a.m. Eastern Time. The September CPI reading, which tracks changes in the prices paid by consumers for goods and services, is expected to show an 8.1% rise from a year earlier. Nifty made a...

After showing a sharp weakness in the last session, Nifty shifted into a decent upside bounce as of now. Intraday resistance is placed around 17,150-17,180 levels for the day.

U.S. stocks ended a choppy session mostly lower on Tuesday, with the Nasdaq Composite closing at its lowest in more than two years. Asian stocks stayed at two-year lows on Wednesday. Indian markets fell for the third consecutive day, below the psychologically important 17,000 level. Indicators and oscillators have turned bearish on the short-term charts. Below 16,900, Nifty could drag towards next...

After showing a sustainable upside recovery from the lows in last session, Nifty shifted into a consolidation so far today. Immediate support is placed at 17,100.

Major indexes finished lower for a fourth consecutive session on Monday as concerns about additional rate hikes by the Fed continued to damp sentiment. Nifty could stay in the 17,102-17,337 band for the near term. Indian markets could open flat to mildly lower, in line with mildly negative Asian markets today and lower US markets on Monday.

After showing a consolidation pattern with weak bias on Friday, Nifty slipped into a sharp weakness with volatility as of now. Immediate resistance is placed around 17,270-17,300 levels.

A weekly wrap-up of currency markets. Check out the podcast on currency by Dilip Parmar.

The strong non-farm payroll report for September led to a sell-off in US markets anticipating hawkish rate moves from the US Fed. The first batch of Q2 Indian corporate results will also start from the coming week and provide triggers for stock specific action. 17,026-17,497 could be the range for the Nifty in the coming week. Indian markets could open lower, in line with negative Asian markets to...

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

After showing weakness from the hurdles of 17,400 levels in the last session, Nifty slipped into weakness amidst range movement so far today. Immediate support is placed around 17,180-17,150 levels.

U.S. stocks closed lower on Thursday after another volatile session as traders reacted to data showing a sharper-than-expected rise in unemployment claims Nifty needs to stay above 17,287 for the next few days to validate bullish chart patterns. On upmoves it could face resistance at the 17,484-17,497 band while 17,287 could offer support. Indian markets could open flat, in line with mixed Asian m...

The upside momentum continued in the market so far today amidst volatility. Immediate support is placed at 17,350-17,300 levels.

Both the Dow and S&P 500 had notched their strongest advance in the first two days of any quarter since the second quarter of 1938. Oil futures ended Wednesday at their highest price in three weeks after OPEC+ agreed to reduce output by 2 million barrels a day and U.S. data revealed a second straight weekly decline in crude supplies. Nifty smartly broke out upwards after sideways consolidation...

Nifty witnessed sharp up move as of today after a weakness of previous session. Currently facing resistance around 17,200-17,300 levels.

Wall Street's three major indexes rallied to close over 2% on Monday as U.S. Treasury yields tumbled. Nifty continued its downmove on Oct 03rd after a one day reprieve on Friday. At close, Nifty was down 1.21% or 207 points at 16,887.4. Nifty now has support on the downside at 16,747. On upmoves, 17,114 and later 17,291 could offer resistance.

After showing sharp up move on Friday, the market shifted into a consolidation with weak bias. Immediate support is placed at 16,900-16,950 levels.

U.S. stocks dropped sharply on Friday, with major indexes posting their lowest finishes since 2020 and logging a third straight quarterly decline as investors grew more fearful that aggressive interest rate hikes by the Federal Reserve will drive the economy into a downturn in an attempt to quell inflation. Shares in the Asia-Pacific mostly fell on Monday as markets enter the last quarter of the y...