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: Share of Bajaj Finance and its parent Bajaj Finserv tumbled on Tuesday as the lender’s guidance signalling a slowdown in loan demand overshadowed an otherwise strong second-quarter performance. Bajaj Finance’s shares fell 7% to close at ₹1,009.10, while Bajaj Finserv slid 5.9% to end at ₹1,992.9. Benchmark Nifty, however, rose 0.5%. “Although the results…
The National Stock Exchange of India (NSE) said on Tuesday that its electricity futures contracts are fast emerging as a benchmark reference for price discovery in the country’s power market, underscoring the growing maturity and integration of India’s energy trading ecosystem. NSE said that in a recent reverse auction conducted by a major utility for…