Indian headline indices ended lower on Friday, snapping their six-session gaining streak. Banks, FMCG, and IT stocks were the major laggards. After a steady run-up, Nifty paused and slipped below 25,000, suggesting a brief consolidation before the next leg of the rally.Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities, said…
Global markets ended the week on a firm note as U.S. Federal Reserve Chair Jerome Powell signaled that the central bank remains open to cutting interest rates in the near term, raising hopes of a September move. His remarks at the Jackson Hole Symposium lifted sentiment across Wall Street, with spillover effects seeming to be…
Pre-market Update: Indian equity markets are poised for a strong opening, buoyed by bullish sentiment following key policy signals and a sovereign credit rating upgrade. Prime Minister Narendra Modi, in his Independence Day address, hinted at next-generation GST reforms to be rolled out by Diwali 2025, a move seen as a potential game-changer for economic efficiency…
Indian stock markets swung between gains and losses on Wednesday as investors reacted to the Reserve Bank of India’s decision to keep interest rates unchanged. The cautious tone from policymakers weighed on rate-sensitive pockets, with realty, auto, and consumer stocks pulling the indices lower through the session. The Monetary Policy Committee (MPC) kept the repo…
RBI Repo Rate Unchanged: The Reserve Bank of India on Wednesday kept the benchmark repo rate unchanged at 5.5 per cent, as the Monetary Policy Committee struck a balanced tone between softening inflation and resilient economic growth. The decision unanimously backed by all six MPC members was widely expected, though the central bank’s lowered inflation forecast…
Stock market rally today: After a cautious start to the week, markets managed to gather pace by Monday afternoon. The Sensex was up over 430 points, trading just above the 81,000 mark, while the Nifty held firm around 24,722, up more than 150 points as of 2:30 PM. Much of the action came from heavyweights like…