By Rajesh Palviya Nifty closed at 17895 with a gain of 277 points on a weekly basis. On the weekly chart, the index has formed a bullish candle however it has remained restricted within the previous week’s High-Low range representing a short term breather. The index is moving in a…
The Securities and Exchange Board of India (Sebi) has amended the ICDR (Issue of Capital and Disclosure Requirements) regulations to introduce norms pertaining to KPI disclosures, confidential filing of initial public offerings (IPOs) and monitoring of proceeds are utilised in qualified institutional placements (QIPs) and preferential allotments. The regulator has…
After hitting fresh record highs intraday, domestic indices NSE Nifty and BSE Sensex closed at record highs. Nifty topped the 18,800 level before ending the session lower by over 50 points at 18,758.35. The BSE Sensex surged over 500 points in trade to surpass the 63,300 level, hitting a record…
The rupee declined by 76 paise to close at 82.61 against the US dollar on Tuesday due to heavy selling pressure in domestic equities and rising crude prices in the overseas markets. In addition, investors remained concerned over continued foreign capital outflows ahead of the RBI’s policy announcement on Wednesday,…
By Rajesh Palviya On the daily chart, the Nifty 50 index has formed a big bearish candle and has violated multiple-day support of 18000 indicating negative bias. The index continues to move in a Lower Top and Lower Bottom formation on the hourly chart indicating negative bias. The chart pattern…
Resident entities from India will now be permitted to hedge gold price risks at the International Financial Services Centre, RBI Governor Shaktikanta Das said on Wednesday. At present, resident entities in India are not permitted to hedge their exposure to gold price risk in overseas markets. “With a view to…
By Kashyap Javeri The Indian equity markets, like most of the global equity markets, have been on a rollover last eighteen months. From the lows of March 2020, the large-cap indices have gained nearly 100-110% and the mid & small-cap indices have gained by 150%-200%. But this is more to do…
Federal Reserve Chair Jerome Powell on Wednesday said it was time to slow the pace of coming interest rate hikes while also signaling a protracted economic adjustment to a world where borrowing costs will remain high, inflation comes down slowly and the United States remains chronically short of workers. In…
By Gaurav Garg Nifty 50 has toppled around 3%, last week, from all-time highs which should be considered a healthy correction. In bull markets like these, a 3-5% correction is healthy for the long-term uptrend of the market. I expect the markets to be sideways in the coming few weeks…
By Sameet Chavan In the initial hour of the trade on Thursday, Nifty 50 slid below 18100, and then as the day progressed, the bears thrashed all key supports one after another. Due to massive sell-off in individual stocks, Nifty eventually plunged below 17900 to conclude the October expiry on…