The bullish undertone in Nifty is expected to sustain after the index hit a fresh intraday record on Thursday, though upside was capped by profit-taking. ET spoke to three chartists on what’s in store for traders and what they should do. RAJESH PALVIYA, HEAD OF TECHNICAL AND DERIVATIVES RESEARCH, AXIS SECURITIES What next?We anticipate the…
The Nifty50 index soared to a new all-time high of 26,310.45 in Thursday’s trading session, buoyed by strong buying interest across heavyweights in financials, IT, infrastructure, and consumption-linked stocks. The broad-based optimism in the market was reflected in the positive performance of 24 of the 50 index constituents, with several frontline stocks delivering solid percentage…
Mumbai: India’s equity indices gained over 1% on Wednesday, tracking gains in global markets, as softer-than-expected US retail sales data reinforced traders’ expectations that the Federal Reserve will trim interest rates in December. The Sensex and Nifty came within striking distance of the record closing levels but could not break past them. The Nifty closed…
Mumbai: India’s equity indices rose on Thursday and came within striking distance of the record high as investor sentiment got a boost after the government indicated the trade pact with the US is nearing completion. The Nifty rose above the current all-time closing high during the session, but the rally fizzled out at close. The…
Mumbai: Continuing the momentum from last week, the Indian stock market witnessed strong gains from the banking sector, while metals faced mild profit booking. Nifty sustained above the 25,900 mark, signaling resilience across key indices despite a quiet trading day. Market expert Rohit Srivastava in an interview with ET Now said, “The next level for…
The combined market valuation of eight of the top 10 most valued companies surged by Rs 2,05,185.08 crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest gainers. Last week, the BSE Sensex appreciated by 1,346.5 points, or 1.62 per cent, and the NSE Nifty rose 417.75 points, or 1.64 per cent….