Markets may face volatility global cues to drive momentum: Analysts

Stock markets may face volatility in a holiday-shortened week ahead amid the scheduled monthly expiry of derivatives contracts, besides global trends will continue to influence trading at the benchmark indices, analysts said. Focus would also remain on the movement of monsoon and trading activity of Foreign Institutional Investors (FIIs). Equity markets will remain closed on Wednesday for Bakri Id. "As we enter a new week, the market is expected to lack clear cues, but the expiration of June's F&O contracts may introduce some volatility as traders roll over their positions," said Santosh Meena, Head of Research, Swastika Investmart Ltd. On the domestic front, the movement of monsoon will be crucial, and fortunately, it is gaining momentum, Meena said. He further added that in global markets, investors will closely monitor the movement of crude oil prices, the dollar index, and the US bond yields. "We expect volatility to remain high due to the scheduled expiry of June month ...

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Gold price declines Rs 430 to Rs 59020 silver falls Rs 400 to Rs 71100

The price of 22-carat gold declined Rs 400 with the precious metal trading at Rs 54,100

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Foreign exchange reserves surge by $2.34 billion to $596 billion: RBI data

The reserve rose mainly on account of a rise in the RBI's foreign currency assets, which rose by 2.57 billion to $527.65 billion in the previous week

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Tube Investments hits new high; rallies 5% on healthy business outlook

The stock of auto components & equipments company was trading higher for the fourth straight day, surging 14 per cent during the period.

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Sebi bars Eros Group entities MD from securities mkt over irregularities

The SEBI has barred Eros International Media Ltd, Eros Worldwide and Eros Digital from the securities market until further orders

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Stock market LIVE: Hang Seng leads losses in Asia; oil prices slip mildly

Stock market LIVE updates on June 23, 2023: Profit booking at record high levels, along with tepid mood across Asia, may keep gains in check.

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Nifty Midcap 50 weekly chart signals caution; watch out for these levels

According to Ravi Nathani, an independent technical analyst, while the Nifty Midcap index has strong resistance around 10,125 level.

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Ajanta Pharma hits 52-week high on upbeat branded generic business outlook

The management is confident to scale up margins again in the coming years on the back of enhanced contribution from Branded Generics business and normalisation of freight costs

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Bitcoin breaches $30k-mark fuelled by Powell's comments spot ETF filings

US Fed chair Jerome Powell on Wednesday said they see 'payment stablecoins as a form of money'

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MARKET LIVE: Asia mixed as Powell says Fed 'far off' from inflation target

Stock market LIVE updates on June 22, 2023: The extension of the rally in the mid- and small-cap stocks, however, may support the overall market breadth

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Trading strategies for Nifty Auto Realty indices

While the Nifty Realty index is expected to pullback in the near-term, the Nifty Auto index seems to be trapped in a consolidation range, says Ravi Nathani, an independent technical analyst.

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