Stock Market Updates

U.S. stocks finished mostly higher and snapped four-day losing streak, while the Nasdaq Composite recorded its longest losing streak since February. Global bonds as a whole slumped into their first bear market in a generation. Moody's slashed its forecast for the world's top 20 economies to 2.5% growth from 3.1%, while Fitch acknowledged the euro zone was now set for recession. Nifty failed to bui...

Nifty has got strong support at 17,500 odd levels, while 17,700 could act as a resistance. Markets are expected to remain stock specific bullish in today’s session.

U.S. stocks ended lower on Wednesday cementing the weakest August performance in seven years as sluggish job growth in the private sector and anxieties about a looming recession following Chair Powell’s Jackson Hole speech drove major indexes to their fourth straight losing session. Dow finished August down 3.9%, while the S&P 500 brought its loss for the month to 4.2%. The Nasdaq posted a mon...

With the Nifty bouncing back sharply, traders will need to watch if the Nifty can now cross the recent swing highs of 17,727 for further upsides. Immediate supports are now at 17,519.

U.S. stocks finished with back-to-back losses on Monday, handing Dow industrials an almost 1,193-point loss in the past two trading days. Crude Oil was trading near the highest since late July. Potential production outages in Libya could exacerbate a global energy crunch. Our markets could open in the positive, in line with mostly higher Asian markets today and despite lower US markets on Monday.

With the Nifty moving sharply lower, the short term trend is now down. Further downsides are likely once the immediate support of 17,166 is broken.

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

U.S. stocks tumbled Friday. Global especially Asian shares are sliding. Indian markets could get impacted by the turn in global sentiments and as more investors turn risk averse ahead of the historically down month of September. However, the intensity and amount of fall in India will be limited as its economy may not be linked fully with the happenings in the US economy. A breakout above/below 17,...

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

While the Nifty has moved higher, it is now stuck in a range between the 17,480-17,750 levels. Further directional cues are likely to emerge on a move beyond this range.

Traders and investors across the globe are waiting for the Federal Reserve Chairman Jerome Powell at Jackson Hole. Good news for banking Stocks - Bank credit growth in India accelerated to 14.2 percent in the quarter ended June 2022 from 6 percent in the same period of the previous year, RBI data showed on Thursday. Indian markets could open higher, in line with mostly higher Asian markets today a...

The Nifty has moved higher and broken out of its recent trading range. Further upsides are likely once the immediate resistance of 17,717 is taken out. Weakness could emerge if the support of 17,637 is broken.

Fed Chair Powell is due to make a speech at 10 a.m. ET of USA time (7:30 PM IST) on Friday at the Jackson Hole symposium. China stepped up stimulus with a further 1 trillion yuan ($146 billion) of measures. Nifty remained in a very small range through the day and could not breach the high of the previous day. Once that level i.e., 17,626 is breached, more upsides could be in store in this up move.

The Nifty has bounced back from the lows. Further upsides are likely once the immediate resistance of 17,624 is taken out. Weakness could emerge if the support of 17,499 is broken.

Natural-gas prices traded at a 14-year high as a European energy crisis loom. U.S. new home sales plunged to the lowest level in more than six years. The S&P Global U.S. flash PMI at a 25-month low, while the services sector PMI at a 27-month low. In our market action was seen more in the broader markets. This and much more in our Daily Morning Podcast.

The Nifty has bounced back from the lows. Further upsides are likely once the immediate resistance of 17,589 is taken out. Weakness could emerge if the support of 17,345 is broken.

Worst daily drop in two months for US stocks. Chinese Yuan to a 23-month low. Nifty seems to have begun a short-term correction.

The Nifty has moved lower today. Further downsides are likely once the immediate support of 17,544 is broken.

Listen to the 'Weekly Outlook on Gold' Podcast and get the golden insights to start your week by Tapan Patel.

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

While world central bankers around the world are raising rates. Why China is cutting rates… Nifty snaps 8 day winning streak. U.S. stocks ended lower Friday, with the S&P 500 and Nasdaq Composite each snapping four-week win streaks, as more than $2 trillion equity-linked options expired. Amazon.com, Apple and Microsoft all fell and were the biggest drags on the S&P 500 and Nasdaq.

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

The Nifty has moved lower today. Further downsides are likely once the immediate support of 17,727 is broken.

Nifty made a double top compared to the previous session but ended marginally higher. Large volumes and range moves mean that a lot of churning seems to be happening between sectors and stocks. With no reversal signs on the horizon, Nifty could rise towards 18,115 over the next few sessions. On the other hand, a breach of 17,833 could mean faster downsides. Indian markets could open flat to mildly...

The Nifty has moved lower today. Further downsides are likely once the immediate support of 17,852 is broken.