The smallcap rally, which saw over 100 stocks delivering double-digit returns in the previous week, lost momentum sharply in the week gone by as only 38 stocks managed to clock double-digit gains. Analysts attribute this to profit booking set in after the recent sharp run-up. Rajratan Global Wire topped the smallcap gainers list with a…
READ MOREThe Pakistan Stock Exchange (PSX) opened sharply lower on Thursday after India imposed a series of tough diplomatic measures on Pakistan, following the Pahalgam terror attack that killed 26 people. The benchmark KSE-100 index dropped 2.12%, or 2,485.85 points to 114,740.29 within the first five minutes of trading, as investors reacted to the escalating geopolitical…
READ MOREDomestic benchmark equity indices opened lower on Thursday, dragged by IT stocks after Wipro forecast a decline in revenue for the April-June quarter amid tariff turmoil. The BSE Sensex was down 303 points, or 0.39%, at 76,741, while the Nifty50 slipped 114 points, or 0.49%, to 23,323 around 9:33 am. From the Sensex pack, HCL…
READ MOREElevated levels of Dalal Street’s fear gauge, India VIX, suggest that caution is still lurking and making it tougher for Nifty to zoom past 23,000, says Anand James, Chief Market Strategist, Geojit Financial Services. Edited excerpts from a chat: Nifty saw sharp swings on both sides last week as Trump’s tariff-related news flow made it…
READ MOREIndia’s fear gauge, the Volatility Index (India VIX), surged over 6% to 21.68 on Wednesday, signalling rising investor anxiety amid a sharp selloff in global equities and renewed trade tensions. The spike in volatility comes as U.S. President Donald Trump vowed to impose “major tariffs” on pharmaceutical imports, sending Indian pharma stocks tumbling up to…
READ MOREIndia’s top four billionaires—Mukesh Ambani, Gautam Adani, Savitri Jindal & family, and Shiv Nadar—saw their combined net worth fall by $10.3 billion on Monday, according to Forbes’ real-time billionaire list, as markets witnessed a sharp selloff. Mukesh Ambani, India’s richest individual, suffered the biggest hit with his wealth dropping by $3.6 billion to $87.7 billion….
READ MOREAfter a brief return of optimism in March, foreign institutional investors (FIIs) reversed course and turned net sellers in early April, rattled by a sudden escalation in global trade tensions. The trigger came on April 2, when U.S. President Donald Trump announced steep reciprocal tariffs, prompting a sharp correction in global equity markets and reigniting…
READ MOREIndia’s IT sector rose nearly 2% on Tuesday, tracking overnight gains in U.S. tech stocks and global market relief after U.S. President Donald Trump signaled flexibility on planned tariffs, easing investor concerns over a potential trade war. Shares of all major Indian IT companies, which earn a significant portion of their revenue in U.S. dollars,…
READ MORELed by a confluence of cooling bond yields, a topping-out of the dollar index, and a rupee rally that saw its best weekly gain in 2 years, Sensex has rallied over 3,000 points in just 5 trading sessions with investor wealth ballooning by Rs 22 lakh crore as the market capitalization of BSE-listed stocks shot…
READ MOREAs history is known to rhyme, if not repeat, stock market investors are eyeing a well-established pattern: a pre-earnings rally, a correction during the results period, and a subsequent rebound. Historical data suggests that Nifty has seen an upswing in the three to four weeks before Q4 earnings 70% of the time with a clear…
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