By Subash Gangadharan While the Nifty has bounced back strongly on Monday and is holding above the 50 day SMA, it is now finding resistance at the 20 day SMA which is currently at 18050. Upside acceleration is likely in the coming week only once these 18050 levels are taken…
Indian benchmarks closed in red after a volatile session of trade amid weak global cues. The BSE Sensex closed over 200 points lower, at 62,626 while NSE Nifty settled 0.3% lower at 18,642. In the broader markets, the NSE MidCap 100 was down 0.46%, and the SmallCap index ended marginally…
Nearly 40% of the equity schemes launched this year by asset management companies have been thematic or sectoral funds. Fund houses have hit the market with a total of 109 equity new fund offerings this year, of which 40 are thematic or sectoral funds. Such funds have mopped up Rs…
U.S. equity funds logged big outflows in the week to November 30 as investors booked profit after concerns over economic growth resurfaced due to protests in major Chinese cities against strict COVID-19 policies. Investors were also cautious about the tech sector amid a hit to iPhone production in China. Data…
By Shrikant Chouhan On Tuesday, the benchmark indices witnessed positive momentum. After a volatile trading session in the morning, the Nifty 50/ BSE Sensex took supports near 18100/60800 and reversed sharply. Among sectors, strong buying interest was seen in reality and metal stocks while selective private banks witnessed technical sell-off…
By Dharmesh Shah Equity benchmarks snapped past two weeks’ winning spree and concluded the previous week on a subdued note. The Nifty dropped 1.2% to settle for the week at 18115. The broader markets underperformed the benchmark as Nifty midcap and small-cap gained slumped ~5%, each. Sectorally, financials remained outlier…
By Sameet Chavan The week started with a decent bump up which was then followed by yet another gap up on Tuesday to reach a new milestone of 18600. However, the high beta midcap counters (recent movers) started correcting fiercely, which dampened the overall sentiments in the market. The Nifty…