If the Nifty Bank index stays below 2,600 level for another week, then a major breakdown may lead to a long term bearishness, tech charts suggest.
Over the past one year, long-duration and gilt funds have given high double-digit returns. Nonetheless, experts do not suggest investing in these categories
Here's a look at the top stocks that may remain in focus today
Corporate earnings and global cues will be the biggest factors giving direction to the markets today.
Profitability though got a boost with higher contribution from limited competition products in the US
While experts laud the move as a step in the right direction, earnings growth may take a 3-6 quarters to recover
The Nifty 50 index dropped 93 points, or 0.9 percent, to close at 10,856
Among the details firms have to furnish are end-use of money and security cover provided
The tribunal's ruling came on appeals filed by NDTV against Sebi's orders passed in a case pertaining to the firm making delayed disclosure to exchanges regarding tax demand
Slowdown, volatile market loom over maiden offerings worth Rs 16,500 crore
Bloomberg data shows Nifty is the sixth-largest contributor of derivatives revenue for SGX
In Mumbai's physical market, standard gold (995 purity) was trading at Rs 36,850 on Wednesday, nearly Rs 1,000 lower than in the futures market
Revenue for the quarter under review came in at Rs 16,425 crore, up 18.4 per cent YoY and 2.7 per cent on quarter-on-quarter (QoQ) basis.
A 35-basis point (bps) rate cut by the Reserve Bank of India (RBI) failed to lift the investor sentiment on Wednesday as the benchmark indices ended in the red.
Various high frequency indicators, the RBI said, suggested weakening of domestic and external demand conditions.
All that happened in markets today
Operational revenue during the quarter declined by 7 per cent to Rs 26,041 crore against Rs 28,062 crore in the corresponding quarter of the previous fiscal.
Nifty Auto, PSU Bank and Realty indices were trading red in the range of 0.13% to 1%, while Nifty Private Bank and Nifty Bank index up 0.67% and 0.37%, respectively, against an unchanged Nifty50.
The MPC has also brought down the projection of GDP growth of 6.9 per cent from 7 per cent, which is not significant but definitely does affect sentiment
The stock was trading at its lowest level since February 1, 2019, when it hit Rs 985 in intra-day trade