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…
READ MOREBenchmark 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…
READ MOREEquity 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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