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Benchmark stock market indices opened lower on Thursday as Brent crude oil climbed above $96 a barrel, intensifying concerns over inflation and India’s import bill amid escalating tensions in the Middle East. Weak June-quarter earnings from Dr Reddy’s Laboratories and HPCL also weighed on investor sentiment. The BSE Sensex fell 314.62 points, or 0.41%, to…
A sharp rise in crude oil prices following fresh tensions between the United States and Iran weighed heavily on Dalal Street on Wednesday, with aviation, oil marketing and auto stocks witnessing sharp selling as investors turned cautious over the impact of higher energy prices. The weakness extended Tuesday’s late-session selloff, when the Sensex erased nearly…
Rajesh Palviya, Head of Research, Axis Direct The Nifty 50 staged a strong comeback on Wednesday, advancing 197.55 points (0.83%) to close at 24,021.65, reclaiming the crucial 24,000 mark after Tuesday’s sharp decline. The recovery was broad-based, led by banking, financials and IT stocks, as a sharp decline in crude oil prices improved the macro…
Stock Market Crash: The party on Dalal Street came to an abrupt halt on Friday. After five straight sessions of gains that lifted benchmark indices by nearly 5 per cent, investors hit the sell button, dragging the Sensex down more than 800 points and pulling the Nifty below the 23,950 mark. What began as a…
Riya Sehgal, Research Analyst, Delta Exchange Bitcoin is trading near $62,100 after defending the $60,000-$61,000 demand zone, while Ethereum is stabilising around $1,640 after a sharp drawdown. The recovery in both assets remains tentative. BTC is still trading close to its 20 EMA but below the 50, 100 and 200 EMA on the 4-hour chart,…
Riya Sehgal, Research Analyst, Delta Exchange Bitcoin’s fall below $70,000 and then toward the $66,000 zone has triggered panic across leveraged positions, with nearly $1.5 billion in liquidations since Monday adding fuel to the move. On-chain data showing heavy loss realization by recent Bitcoin buyers, along with rising exchange inflows from retail and mid-sized investors,…
Indian equity markets witnessed a sharp selloff on Friday, with the benchmark index Sensex falling over 1,000 points due to a weak monsoon forecast and uncertainty over the US-Iran peace deal. Sensex also saw a sudden fall at 3 pm as the MSCI rebalancing kicked in during the last half-hour of trading. The 30-share index…
Rajesh Palviya, Head of Research, Axis Direct The Nifty 50 closed Tuesday’s session at 23,913.70, declining 118 points as the index slipped below the key 24,000 mark amid healthy profit-booking following the previous session’s sharp rally. Despite the corrective move, the broader undertone remains constructive as global risk sentiment continues to improve. Overnight, US markets…
Gaurav Garg, Research Analyst Lemonn Markets Desk The Indian stock market ended on a positive note today, with the Nifty 50 closing at 24340.95, up 33.04 points or 0.14%. The session was characterized by a Rising wedge pattern as the index opened at 23362.4, reached a high of 23582.95, and touched a low of 23262.55….
Nitin Agrawal, CEO, Mutual Funds, InCred Money on the AMFI Data Equity-oriented open-ended schemes attracted net inflows of Rs 38,440 crore in April, a bullish signal for equity markets at a time of geopolitical uncertainty. Flexi Cap retains its dominant position with net inflows of Rs 10,147 crore, the highest among all equity categories by…