Crude oil flows from the Strait of Hormuz have increased to average above 10 mbpd as per the shipping tanker tracker data.
The Nifty cracked 1.4% to a low of 22,807.55 on Monday, reaching within striking distance of its 200-week moving average at 22,607. The index last closed below the 200-WMA in June 2020, shows chart.
Shares of IFCI and New India Assurance surged up to 53% in the last two months, only to erase gains amid the NSE IPO launch. Tech analysts decode strategy in these two stocks.
Stocks to buy today: The overall setup remains constructive, and MCX appears poised for the next leg of up move and potential new highs, says Ajit Mishra of Religare Broking.
The Nifty closed in the green above the falling channel on Wednesday indicating signs of a trend reversal, says Jatin Gedia of Teji Mandi. The analyst is bullish on Indus Towers and South Indian Bank.
Stocks to buy: Chandan Taparia of Motilal Oswal is bullish on Bandhan Bank and Sona BLW Precision Forgings.
India's first mineral exchange, which would create a transparent, electronic delivery-based trading platform for minerals, is likely to be registered and operationalised by the next financial year, according to a top government official. This comes after the mines ministry's notification of the Mineral Exchange Rules, 2026 in June. The exchange would create a transparent, electronic delivery-based trading platform for minerals, facilitate market-based price discovery and reduce information asymmetry between producers and buyers. "We expect to register and operationalise the first Mineral Exchange by the next financial year. Work on the registration of the exchange is currently under way," Mines Additional Secretary Veena Kumari Dermal said during 60th Annual General Meeting of Federation of Indian Mineral Industries (FIMI). The ministry notified the Mineral Exchange Rules in June to create a state-of-the-art platform with transparent price discovery and standardised quality ...
Shrikant Chouhan, Head of Equity Research of Kotak Securities explains why the analyst is bullish on LIC and Axis Bank.
Hitesh Rathi of Angel One advocates adopting a strategy where dips in Nifty could be bought into, while rallies towards key resistance zones can be utilised to consider short positions.
Stocks to buy today: Sachin Gupta of Choice Broking sees favourable chart structures for Aditya Birla Capital, Jubilant Foodworks and RBL Bank.
Fintech stocks react to MDR news: Paytm, Pine Labs and One MobiKwik Systems decline up to 13% during the week, recover on Friday. Here's why the tech analyst remains bullish on Paytm and Pine Labs.
Pabitro Mukherjee of Bajaj Broking says that the Nifty is showing signs of a pullback after forming higher highs and higher lows on Thursday, and adds that the key hurdle stands at 23,600 levels.
Amid the downturn, the Nifty Midcap 100 tested its 200-DMA after a gap of five months; presently 58 index constituents traded below the long-term average on the daily charts.
Mayank Jain of Share.Market by PhonePe flags key support and resistance levels for wires & cables stocks - Polycab, Havells India and KEI amid market correction post UltraTech's 'Ultravolt' launch.
When a stock becomes oversold, it does not automatically mean it is a good time to buy, cautions Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking.
According to the NSE F&O data, FIIs have net sold index futures worth ₹10,397 crore thus far in the September series; Nifty OI now at 2-month high. Tech analysts flag key support levels on Nifty.
Technical analysts Drumil Vithlani and Ved Anil Gawker flag breakout from consolidation chart patterns on Motilal OFS, CRISIL, City Union Bank and Supreme Petrochem.
Technical analysts flag presence of multiple hurdles in the 24,000-24,200 region for the Nifty; on the downside, they expect immediate support at 23,800.
Muthuselvaraj M of Mirae Asset Sharekhan expects the short-term bias to remain sideways but sees positive prospects for Bank of India, UCO Bank and IOB among others from a medium-term perspective.
Amit Trivedi, technical and derivative research analyst at YES Securities flags key levels to track on MCX India, Ather Energy and Welspun Corp; these stocks rallied up to 39% in August.