Nifty Energy is currently trading near critical support levels, around 37,700 and Nifty FMCG is showing a clear downtrend on the charts, with a key support level anticipated around 55,900
Nifty has remained oversold for some time and it may be late for some profit booking. We may still see sell on rises in the near term
A decisive close below 23,880 could lead the index further down to test support at 23,636 and, if necessary, 23,364
Gold price: The yellow metal faces risk from fickle bond yields as deficit concerns loom large. Near-term upside is limited, says Praveen Singh of Sharekhan
Crude oil price today: Sharekhan remains confident of oil prices heading lower towards $65 in Q1-2025, while in short term, prices could see WTI prices trading in broader range of $75-$66
Spot silver at the time of the MCX closing was trading at $33.67, down around 0.10 per cent on the day.
Presently, gold is not affected by the traditional drivers. Traders are focusing rather on uncertainties over the US Presidential election outcome and possibility of resurgence of inflation in
Silver is expected to trade with a positive bias in near-term on the US presidential election uncertainties, healthy ETF inflows, and strong demand in India amid geopolitical tensions
The markets continued their downward trend, losing nearly half a percent as part of the ongoing correction.
Stock Market Today: Morgan Stanley and Citigroup have acquired 43.75 lakh shares of HDFC Bank for over Rs 755 crore at an average price of Rs 1,726.20 each.
PG Electroplast stock hit a new high of Rs 675, as they rallied 7 per cent on the BSE in Wednesday's intra-day trade in otherwise subdued market strong growth outlook.
The Nifty PSU Bank Index is currently positioned in a manner where buying on dips presents the most favourable trading strategy for near-term traders.
Oil recorded its first back-to-back monthly decline amid signs of sluggish demand in China and the United States raised concerns about future consumption growth.
In near term, the Nifty IT Index is expected to trade within a broader range of 42,800 to 41,600. A close above or below this range would likely trigger a decisive move in the respective direction.
Hindalco, Coal India, among four metal and mining stocks recommended by Axis Securities
On the daily chart, BSE has confirmed a bullish 'Inverse Head and Shoulders' breakout, supported by a significant increase in volume and favorable indicator placement
Stock price of Torrent Power is on the verge of breaking out from falling wedge pattern on daily chart. On 31 st July 2024, Stock Price broke out with jump in volumes
On the daily chart TVS Motor's price has broken out on the upside from an ascending triangle with higher-than-average buying volumes
JTL has achieved an impressive 50 per cent PAT CAGR over FY19-24, and Nuvama estimates it will clock a 38 per cent CAGR over FY24-27E on the back of capacity expansion and an improved product mix
Recently, PNB has found a support level, forming a bottom around the Rs 114-116 range. This suggests that stock has likely reached a point where selling pressure is reducing & buyers are stepping in.