Indian stock market indices, Sensex and Nifty 50, have been under heavy selling pressure, weighed down by escalating geopolitical tensions in the Middle East and the subsequent spike in crude oil prices, weak domestic corporate earnings, and persistent outflow of foreign funds from Indian equities. The domestic equity market is expected to open lower on … Read more
Equity benchmarks rebounded strongly as concerns about a US recession diminished, buoyed by the latest economic data. The Nifty index gained over half a percent in today’s trading session, following a 0.13 percent rise in the previous session and a 1.65 percent rally on Friday. ICICI Direct Technical Outlook – Nifty ICICI Direct’s technical analysis … Read more
Shivalik Bimetal Controls share price jumped over 10% on Friday led by strong demand and high volumes. Around 9 lakh equity shares of Shivalik Bimetal Controls changed hands on July 12 as against its one week average trading volumes of 2 lakh shares. Brokerage firm Anand Rathi is bullish on Shivalik Bimetal shares as the … Read more
The benchmark Nifty has surged over 4 percent in June, reaching around the 23,500 mark and setting multiple new highs along the way. With high valuations for most stocks and no significant correction in sight, investors may find it challenging to determine where to invest. To address this, brokerage house BP Wealth has released 7 … Read more
Presently, India finds itself amidst a favourable convergence of macro and micro factors, including subdued inflation rates, stable crude oil prices, decreasing 10-year G-sec yields, a steady currency, and robust corporate earnings. In the short term, market movements will likely be influenced by two main factors: The results of the upcoming Lok Sabha elections scheduled … Read more