GIFT Nifty down 60 points; here’s the trading setup for today’s session
Benchmark indices continued to trade in the positive on Thursday, driven by positive investor sentiment following mild US inflation data, which raised hopes for a potential rate cut by the Fed. On Friday, markets will react to the earnings reports of major index constituents such as Reliance, Infosys, and Axis Bank in early trades. “While…
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GIFT Nifty down 100 points; here’s the trading setup for today’s session
The markets extended their positive momentum for the fourth consecutive week, gaining nearly half a percent amid consolidation. Looking ahead, market participants will closely monitor the Manufacturing and services PMI. However, the key focus will be on the US Fed meeting, where a 25 basis point rate cut is already factored in. Here’s breaking down…
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GIFT Nifty down 35 points; here’s the trading setup for today’s session
Domestic markets experienced a sharp recovery, reclaiming most of the preceding dayβs losses amid uncertainty surrounding the likely downgrade in Q2 GDP forecast and closely contested US presidential election. “The bulls are working to defend the 24,000 level in the Nifty amid ongoing choppiness, and a strong rally in banking majors has raised hopes for…
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GIFT Nifty down 70 points; here’s the trading setup for today’s session
Equity markets traded sideways throughout the session to close with losses as FIIs continue their selling streak. “Markets are facing pressure and tend to remain volatile amid uncertainty around US presidential elections slated to be held on November 5th. The second leg of Q2 results will resume in the next week post-Diwali. Market seems to…
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GIFT Nifty down 10 points; here’s the trading setup for today’s session
Equity markets managed to continue pull back from lower levels for the second day with recovery coming in the last hour and closed with gains “After 8% fall from all-time high, Nifty is witnessing some pull back ahead of Diwali, as investors get into festive mood. Overall, we expect the markets to remain range bound…
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GIFT Nifty down 5 points; here’s the trading setup for today’s session
Domestic equities traded sideways for a major part of Thursday and Nifty closed with a marginal loss of 36 points at 24399. Nifty has been consolidating for the last two sessions following persistent foreign outflows and dull earnings so far. “We expect this range-bound move (Nifty hovering around the 24400-24500 zone) to continue in the…
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Pre-market action: Here’s the trade setup for today’s session
Domestic markets succumbed to weak global cues as plunged over 2%, fueled by escalating tensions in the Middle East and sharp rise in crude oil prices. “Geopolitical uncertainty and concerns over a potential decline in foreign inflows have spooked the markets. With Nifty breaching multiple supportsβsuch as the 20-day exponential moving average (DEMA) around the…
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No Monday Blues! GDP numbers propels Sensex, Nifty to fresh all-time highs
Benchmark Nifty50 opened at a fresh record high for the fourth consecutive session on Monday, driven by gains in IT and financial stocks. This follows data showing that the countryβs economic growth outperformed major economies despite a slowdown.The BSE Sensex was up 240 points, or 0.30%, trading at 82,598, while the Nifty50 rose by 75…
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GIFT Nifty: GIFT Nifty down 160 points; here’s the trading setup for today’s session
Equity markets extended their losses for the fourth straight day on Tuesday as the Budget hangover dampened investors sentiments. “The recovery noticed from today’s low will be evident only post the monthly expiry on Thursday. At the same time, the ongoing Q1 results, which till date is muted, will decide the near-term trend,” said Vinod…
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