Indian stock markets will remain closed for 15 days in the calendar year 2023. There are 4 holidays falling on Saturday and Sunday while 15 are on weekdays. In January there is only 1 holiday while in March there are two. Most holidays are in the month of April. In…
By Subash Gangadharan After consolidating for the last few sessions, the Nifty has broken out to new life highs on Wednesday. Zooming into the 60 min chart, we can see that the index is holding above a rising 20 and 50 period MA indicating that the uptrend looks set to…
The Indian rupee is likely to appreciate on Friday on the back of weakness in the US dollar and optimistic global market sentiments. Further, softening crude oil prices may be supportive for the domestic currency as it will reduce Import bills. In the meantime, investors will remain cautious ahead of…
Indian benchmark index BSE Sensex closed the session mildly in the negative territory, 33 points at 62,834, while NSE Nifty closed marginally in the green, reclaiming the 18,700 level after a volatile session of trade, as select heavyweights such as Reliance Industries, Infosys and Bharti Airtel dropped sharply. The sectoral…
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to two stocks/securities on Friday, December 9, 2022. Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) and Indiabulls Housing Finance Limited are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban…
By Ajit Mishra Markets have finally reached a record high after spending over a year in a corrective phase. In the recent leg of the up move, recovery in the global markets combined with favourable domestic cues has played a critical role. Meanwhile, restricted participation from the index majors and…
US stock index futures edged higher on Tuesday, with Tesla leading gains among beaten-down growth stocks amid hopes that the recent protests in China could lead to a quicker easing of strict COVID-19 curbs in the country. Shares of Tesla Inc rose 1.7% in premarket trading and the electric-vehicle maker…
The rupee pared its initial gains to settle down by 47 paise at 81.80 (provisional) against the US dollar on Monday weighed down by weak domestic markets and rise in crude oil prices. Forex traders said a weak dollar in the overseas market cushioned the downside for the local unit.…
By Siddhant Mishra The benchmark indices have scaled fresh peaks this year, with the BSE Sensex and Nifty50 posting gains of 7.5% and 7.4%, respectively. The Sensex recorded an all-time high of 63,284.19 and the Nifty 18,812.50 on December 1, 2022. Also Read: Indian markets stand out, valuation expensive, uncertainty…
On the weekly chart, the Nifty 50 index formed a bearish candle last week and remained restricted within previous week’s High-Low range indicating lack of strength on either side. The index is moving in a Higher Top and Higher Bottom formation on the weekly chart indicating positive bias. The chart…