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Rex Harrison Cano, part of Business Standard's online markets team, has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and an expert technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Rex Harrison Cano, part of Business Standard's online markets team, has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and an expert technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
With Monday's 1.7% fall, the Nifty has shed nearly 6% from its recent high. As rising bond yields and weak earnings' outlook cloud sentiment, here is what the market's near-term trajectory looks like
The MCX Gold futures are likely to face considerable resistance around Rs 53,500-odd levels; MCX Silver futures can test Rs 71,300 on the upside.
The Q4 numbers and rising bond yields kept market sentiments subdued last week. Analysts expect the upcoming trading sessions to be volatile for equities as well because of global headwinds
The Infosys ADR has declined over 9 per cent in the last two trading session in the US market, while our market was shut for trade, post Q4 results.
MCX Crude Oil futures can test the 20-DMA in the near term placed at Rs 7,900-odd level.
Infosys is scheduled to announce results today, while HDFC Bank shall be reporting its Q4 numbers on Saturday.
MCX Gold may rally to Rs 53,570 on the upside; break and sustained trade above Rs 52,250 to add momentum.
TCS is likely to announce results after market hours on Monday. The IT stocks will be in focus with Infosys too to announce earnings later this week.
On Friday, the markets will track the RBI policy developments for cues on the future rate cycle and inflation forecast. Find out how the markets are placed ahead of the earnings season
Rate sensitive related shares such as auto, banks, NBFCs and realty are likely to be in limelight owing to the RBI policy on Friday.
Steel stocks are likely to be in limelight following reports of price hike in April.
IT stocks are likely to be in focus ahead of the earnings season and likely benefit from the India-Australia trade deal.
Stock markets have the ability to pull up surprises. And even seasoned investors continue to stumble on Dalal Street. One such unpleasant surprise is called Bear Trap. Let's find out more
The private lender has acquired Citigroups' Indian consumer banking businesses, including credit cards, retail banking, wealth management and consumer loans in an all cash deal worth Rs 12,325 crore.
Shares of ONGC are likely to be in focus as the government will sell 1.5 per cent stake in the oil producer through an offer for sale (OFS) over the next two trading sessions at Rs 159 per share.
PVR and INOX Leisure are likely to be in focus after the two mega multiplex owners announced an all-stock merger on Sunday.
Post demerger, GMR Power and Urban Infra, the non-airport business company of the GMR Group, will start trading on BSE and NSE from Wednesday onwards.
Reliance Retail Ventures, a subsidiary of Reliance Industries, has bought 89 per cent stake in Purple Panda Fashions for Rs 950 crore.
Auto stocks too could be in limelight as the government shortlisted 75 firms under its PLI scheme for the sector.
Paytm has clarified stating the RBI ban does not impact on the services provided in partnership with other financial institutions.