Author: Manu

In Tuesday’s trading session, the benchmark Nifty 50 index maintained its bullish momentum, closing 0.52% higher at 24,466.85, while the Sensex added 0.45%, finishing at 80,369.03. Banking stocks led gains, with Nifty Bank rising over 2% to close at 52,320.70, while realty and metal sectors saw steady growth. Despite the strength in broader indices, auto and pharma stocks experienced mild pressure. Analysts are projecting that this upward trend could continue into Wednesday, with technical indicators signaling further growth potential. Also read: Market Outlook for October 30: Nifty and Bank Nifty Anticipate Tepid Start Trade Setup According to Rupak De, Senior…

Indian markets are set for a potentially flat opening on Wednesday as benchmark indices Sensex and Nifty 50 brace for mixed cues from global peers. According to trends on the Gift Nifty, there’s a likely weak start, as it was trading near 24,435, indicating a 40-point discount from Nifty futures’ last close. This follows a strong Tuesday session where both indices closed higher, with the Nifty 50 managing to close above the 24,400 mark. Also Read: Gold and Silver Prices Experience Modest Declines as Festive Season Approaches Tuesday’s Recap On Tuesday, the BSE Sensex advanced by 363.99 points, ending at…

The forex market kicked off Tuesday with the U.S. dollar gaining strength, as investors remain focused on bond yields and a strengthening greenback. Various currency pairs showed nuanced movements, signaling shifts in market sentiment. Here’s an overview of recent price action and technical insights across major pairs. EUR/USD Technical Overview The euro attempted an early rally on Tuesday, but momentum waned, leaving EUR/USD vulnerable. Traders have been watching the 1.08 support level, a significant mark on the charts, as buyers struggle to gain control. This level forms a potential floor, ranging from 1.0750 to 1.0850, providing a buffer zone for…

October 29, 2024 – Gold and silver prices edged down in early trade on Tuesday, reflecting the market’s restrained demand amidst the ongoing festive season. This softening comes as Indian consumers, traditionally keen on purchasing precious metals during Dhanteras and Diwali, are met with slightly higher price points driven by global factors. Notably, gold of 24K purity dropped by Rs 490 per gram, bringing it to Rs 7,996.3, while 22K gold saw a Rs 450 decrease, settling at Rs 7,331.3 per gram. Silver prices also took a minor dip, currently trading at Rs 101,000 per kilogram. Also Read: Market Setup…

As October 29 approaches, market enthusiasts are set to see heightened activity around key stocks due to Q2 earnings announcements, ratings updates, and revised target prices from prominent brokerage firms. Here’s an in-depth look at stocks to watch and potential money-making opportunities based on expert insights and revised ratings. 1. Ambuja Cements (Target Price: ₹640)Goldman Sachs has revised Ambuja Cements’ target price from ₹625 to ₹640, maintaining a Neutral rating. The cement giant has reported robust volumes and solid realizations, exceeding expectations for Q2. With ongoing efforts on both organic and inorganic expansions, Ambuja Cements continues to attract attention for…

Indian equity markets, represented by benchmark indices Sensex and Nifty 50, are set to open flat on Tuesday, October 29, influenced by global market cues. Indications from the Gift Nifty suggest a flat-to-positive start, with the index trading around the 24,360 mark—a premium of about 10 points over the previous close of Nifty futures. On Monday, the market showcased a strong recovery after a week of declines. The Sensex surged by 602.75 points, or 0.76%, closing at 80,005.04, while the Nifty 50 advanced by 158.35 points, or 0.65%, to settle at 24,339.15. This rally marked a potential shift in momentum,…

In the latest Forex trading session, currency markets are once again navigating interest rate dynamics and global political uncertainties. The US dollar has shown mixed strength, as traders weigh economic indicators and the likelihood of continued high interest rates in the United States. Here’s how the major currency pairs have responded as of Monday morning. Also Read: Forex Update: Dollar Shows Resilience Amidst EUR, JPY, AUD Fluctuations EUR/USD Analysis The Euro saw modest gains during early trading hours Monday, with the 1.08 level providing a significant support point. This area has been revisited by buyers, showing strength as they attempt…

Gold and silver prices experienced a mild slip on October 28 across major Indian cities, a shift from record-high levels reached just a few days prior. The precious metals have seen fluctuations in the lead-up to the Dhanteras festival, which falls on October 29 this year, with traders witnessing profit-booking amid a combination of geopolitical and economic factors. Also Read: Market Outlook and Trade Setup for October 28: Nifty and Bank Nifty Gold Prices in Major Cities In Delhi, the price for 24K gold decreased by Rs 10, reaching Rs 89,830 per 10 grams, while in Mumbai, it settled slightly…

Investors are eyeing promising picks as markets brace for a wave of Q2 earnings releases today, with companies like Adani Power, Bharti Airtel, Sun Pharmaceutical Industries, Ambuja Cements, Punjab National Bank, BHEL, Federal Bank, IOC, and Motilal Oswal expected to release their financial reports. Technical and trading insights suggest a focus on specific stocks showing positive technical setups, indicating potential upward trends. Also read: Market Outlook and Trade Setup for October 28: Nifty and Bank Nifty Key Stock Picks for Today As these Q2 results unfold, market analysts will monitor their impact closely, keeping a watchful eye on the momentum…

As we approach Monday, October 28, the Indian stock market’s benchmark indices, Sensex and Nifty 50, are predicted to open flat, in line with mixed global signals. Trends on the Gift Nifty are hinting at a flattish start for the Nifty, as it was trading around the 24,225 mark, reflecting a marginal premium over the Nifty futures’ previous close. With recent selling pressure and the backdrop of a global market in flux, Monday’s session may witness a volatile setup. Friday’s Recap The domestic equity indices faced considerable pressure on Friday, with both Nifty 50 and Sensex closing significantly lower. Nifty…