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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NMDC, Tata Steel, and other metal stocks fall up to 8%. Here’s why
Shares of metal stocks like NMDC, NALCO and Tata Steel fell up to 8% on Tuesday after top consumer China held back from unleashing more stimulus. At a briefing, China’s state planner National Development and Reform Commission said they were confident of reaching its economic targets this year and promised further support for growth but…
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