By Raj Deepak Singh Rupee gained back some of its strength in the previous week and moved back to 81.50 levels as dollar slipped back to 105.60 levels. Dollar lost its strength after the FOMC meeting minutes showed that most of the officials are in view that the central bank…
By Siddhant Mishra Indian equities declined for the fourth straight session on a day when the Reserve Bank of India hiked the repo rate by 35 bps to 6.25%, the highest since August 2018. Banking stocks were a mixed bag. The Sensex fell 215.68 points, or 0.34%, to 62,410.68, while…
The Indian rupee is likely on Friday majorly on the back of weak dollar. Dollar is showing weakness on anticipation that the central bank will reduce the pace of rate hikes. Additionally, market participants will remain cautious ahead of key job report from the US as it influences Fed’s policy…
The Reserve Bank of India (RBI) has given its nod to Indian residents to hedge their exposure to gold on recognised exchanges in the International Financial Services Centre (IFSC) at GIFT City, Gujarat. “Resident entities in India are currently not permitted to hedge their exposure to gold price risk in…
By Rajesh Palviya On the weekly chart, the index has formed a small Bullish candle carrying lower shadow indicating buying support at lower levels. The index is moving in a Higher Top and Higher Bottom formation on the weekly chart indicating positive bias. The chart pattern suggests that if Nifty…
Indian benchmark indices were trading in the red following the RBI MPC meet outcome and the repo rate hike of 35 bps. The BSE Sensex lost over 120 points to trade at 62,501. The NSE Nifty is trading at 18,592, down 0.27%. Sectorally, Nifty PSU Bank index is up 0.4%…
Indian benchmark indices were trading with marginal losses on Friday. The BSE Sensex lost 14 points to trade at 62,258.The NSE Nifty is at 18,480, down 3 points after opening in the red. Adani Enterprises, ICICI Bank, Axis Bank, RIL and Larsen & Toubro are among the most active Nifty…
Indian benchmark indices BSE Sensex and NSE Nifty 50 are likely to open lower amid weak global cues. SGX Nifty hinted at a negative start for domestic share market as Nifty futures traded 33 pts lower at 18719 level on the Singapore Exchange. “Market to remain range bound given the…
Indian benchmark indices are likely to open lower amid weak global cues. SGX Nifty hinted at a negative start for domestic share market as Nifty futures traded 33 pts lower at 18719 level on the Singapore Exchange. In the previous session, the BSE Sensex declined 208 points to 62,626, while…
By Shivangi Sarda The Nifty 50 index opened flat to positive yesterday but failed to surpass 18450 zones and broke its immediate support levels. Bears took over the index and it fell sharply towards 18200 zones to finally close with losses of around 150 points. It formed a Bearish candle…