Tag Archives: market

Market Now: IT stocks rally on rupee weakness; HCL Tech zooms 4% 

Equity benchmarks moved up a little shrugging off weakness in global stocks and concerns over surging oil prices. NEW DELHI: Falling rupee seems to have given a fillip to IT stocks as most of them from the Nifty IT pack were trading in the higher terrain. The Nifty IT index was trading 2.71 per cent up at 13,105 around 10:50 am (IST) ... Read More »

What changed for the market while you were sleeping? 10 things you should know

The Nifty50 which started on a muted not dipped below key support levels in intraday trade on Wednesday before bulls took control and pushed the index above 10,400 levels for the second consecutive day in a row. The index formed a ‘Hammer’ like pattern on the daily candlestick charts which is a bullish reversal pattern. The index bounced back after ... Read More »

More than 100 stocks above Rs10K crore market cap trading above 200-DMA; time to buy?

The Nifty50 flirted with its long-term moving average which is also known as 200-day moving average (DMA) in the past week but there are as many as 126 stocks in the large and midcap space with a market capitalisation of more than Rs 10,000 crore which are trading just above this crucial level as on 5th April. When the Nifty ... Read More »

Rupee dives, market cautious! How a hike in US Fed rates today can impact India

The Federal Reserve’s policy meeting is scheduled today, in which the United States’ central bank is expected to increase interest rates by 25 basis points The Federal Reserve’s policy meeting is scheduled today, in which the United States’ central bank is expected to increase interest rates by 25 basis points. Ahead of the meeting yesterday, anticipating higher rates, not only ... Read More »

What changed for the market while you were sleeping? 12 things you should know

The Nifty failed to close above its crucial 200-days exponential moving average placed around 10,163 on Tuesday. The index formed a bullish candle on the daily close above 10,100 but below its 200-DEMA placed around 10,163. After falling for five consecutive sessions, the Indian market witnessed some bit of value buying along with short coverings at lower levels. However, the ... Read More »

This could get ‘very ugly, very fast’ for Boeing, says one market expert

Boeing lands in correction territory sinking more than 2 percent  18 Hours Ago | 02:19 Boeing is on track for its worst week in two years, and with so much political uncertainty surrounding trade policy, more pain could be ahead, according to one long-time market watcher. “The question is really not economic. It’s political at this point,” Boris Schlossberg, managing director of ... Read More »

Indian Market Still Expensive Despite Correction, Says Sanjeev Prasad Of Kotak

Indian equity market still seems expensive despite the recent correction, says Sanjeev Prasad of Kotak Institutional Equities. “China delivered something like 50 percent over the same period, so people are looking at other markets more favourably in the emerging markets space,” Prasad told BloombergQuint in an interview. Foreign investors, he said, are more cautious on India, due to problems in ... Read More »

Watch out, the bond market is rebelling

AARATI KRISHNANT+ T- For a long time, market-watchers in India have thought of India’s stock market as a rule-breaking juvenile, while the bond market has remained its obedient sibling. But the bond market is now following in the footsteps of its unruly sibling. In the last couple of years, market interest rates have gyrated sharply without waiting for the Monetary Policy ... Read More »

We may see darker periods in market; it depends on how global story plays out: Udayan

In an interview with CNBC-TV18, Udayan Mukherjee shared his views and outlook on the market. I think the market is trying to consolidate right now. We have had a fairly significant fall, the biggest of the last 12-14 months on the way down from 11,200 to about 10,300 levels, he said. We could try and work within a range of ... Read More »

Cisco, Intuit and 31 other stocks are leading the market out of correction

Traders react after the closing bell on the floor of the New York Stock Exchange (NYSE). More than 60 percent of the companies in the S&P 500 broke to new highs during January’s new year rally, and a diverse group are among the first to make a comeback after February’s correction. In the S&P 500, 23 stocks bounced back to their 52-week ... Read More »