Thursday 22 February 2024

Goldprice dips Rs 10 to Rs 62,720, silver falls Rs 100 to Rs 74,900

The price of 22-carat gold also fell Rs 10 with the yellow metal selling at Rs 57,490

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F&O strategy: Bull spread recommended on BEL for February expiry

Nandish Shah of HDFC Securities recommends to Buy BEL 195 CALL and simultaneously Sell 200 CALL of the February expiry.

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Buy Nifty FMCG on dips; Metal to gain strength above 8,100, suggest charts

According to Ravi Nathani, an independent technical analyst, technical indicators such as RSI and MACD are signaling potential for a technical pullback in the near term on the Nifty FMCG index.

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India's stock market value to reach $10 trillion by 2030, Says Jefferies

The nation's market, currently the world's fifth largest at $4.5 trillion, briefly overtook Hong Kong last month. Still, its weight in global stock indexes is below 2%

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Wednesday 21 February 2024

Nifty Energy: Look for opportunities to sell on rise; Pharma seems sideways

On the upside, the Nifty Energy index is likely to face resistance around 39,650, says Ravi Nathani, an independent technical analyst.

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Stock markets snap six-day winning streak; Sensex slumps 434.31 points

Equity benchmark indices Sensex and Nifty broke their six-day winning run on Wednesday and settled with a steep fall amid fag-end selling triggered by a rush for profit booking and mixed global cues. The 30-share benchmark Sensex stayed mostly firm during intra-day but settled 434.31 points or 0.59 per cent lower at 72,623.09 points. It touched the intra-day low of 72,450.56, down 0.83 per cent from previous closing level of 73,057.40 points. Similarly, the broader Nifty also paired all its intra-day gains before closing 141.90 points or 0.64 per cent down at 22,055.05 points. The 50-share barometer had hit a lifetime peak of 22,196.95 points on Tuesday and remained mostly in the upward trajectory on Wednesday. In the Sensex pack, 20 stocks ended in the red while 37 of the Nifty constituents closed the session with losses. NTPC was the biggest loser among the Sensex constituents, ending with a loss of 2.71 per cent. It was followed by PowerGrid, Wipro, HCLTech, L&T and Tech ...

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Gautam Chhaochharia appointed as UBS's head of global markets in India

Chhaochharia began his stint at UBS as an analyst covering midcaps and became the head of research in 2013

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Tuesday 20 February 2024

Gold price dips Rs 10 to Rs 62,550, silver falls Rs 100 to Rs 75,400

The price of 22-carat gold also fell Rs 10 with the yellow metal selling at Rs 57,340

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Another blow to Zee Entertainment: Sebi uncovers $241 mn accounting issue

As part of its investigation into the Zee founders, the Securities and Exchange Board of India, or Sebi, found that about Rs 2,000 crore ($241 million) may have been diverted from the company

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Monday 19 February 2024

Gold jumps Rs 10, silver down Rs 100; yellow metal trading at Rs 62,680

The price of 22-carat gold also jumped Rs 10 with the yellow metal selling at Rs 57,460

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Bias for Nifty PSU Bank turns negative, can dip up to 5%

On the upside, the PSU Bank index is likely to face resistance around 7,280 to 7,350, says Ravi Nathani, an independent technical analyst.

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Goldprice dips Rs 10 to Rs 62,720, silver falls Rs 100 to Rs 74,900

The price of 22-carat gold also fell Rs 10 with the yellow metal selling at Rs 57,490 from Markets https://ift.tt/rpZGNwM