Nifty started the June F&O series on a strong note hitting fresh record high, while Sensex hit a fresh record closing high on the back of positive cues. The Sensex added 307.66 points or 0.60% to close at 51,422.88, while Nifty rose 97.80 points or 0.64% to ends at 15,435.70. For the week, Sensex and […]
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Benchmark indices ended with marginal gains on May 27 amid volatility due to the May F&O expiry day. At close, the Sensex was up 97.70 points or 0.19% at 51,115.22, and the Nifty was up 36.40 points or 0.24% at 15,337.90. “The Index stayed above the 15300 level today. This should allow the index to move higher […]
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Benchmark indices ended with marginal gains on May 27 amid volatility due to the May F&O expiry day. At close, the Sensex was up 97.70 points or 0.19% at 51,115.22, and the Nifty was up 36.40 points or 0.24% at 15,337.90. “The Index stayed above the 15300 level today. This should allow the index to move higher […]
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Benchmark indices ended with marginal gains on May 27 amid volatility due to the May F&O expiry day. At close, the Sensex was up 97.70 points or 0.19% at 51,115.22, and the Nifty was up 36.40 points or 0.24% at 15,337.90. “The Index stayed above the 15300 level today. This should allow the index to move higher […]
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Benchmark indices ended with marginal gains on May 27 amid volatility due to the May F&O expiry day. At close, the Sensex was up 97.70 points or 0.19% at 51,115.22, and the Nifty was up 36.40 points or 0.24% at 15,337.90. “The Index stayed above the 15300 level today. This should allow the index to move higher […]
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Bulls were back in action on May 26 pushing Nifty above 15,300 and Sensex above 51,000. The rally was supported by IT and Realty stocks. At close, the Sensex was up 379.99 points or 0.75% at 51,017.52, and the Nifty was up 93.00 points or 0.61% at 15,301.50. “After a few days of lackluster movement, the […]
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Indian market ended mixed in a volatile session on May 25. Selling pressure in financials wiped out early gains. Nifty dipped in the negative territory but managed to close above 15,200. However, Sensex ended in the red. At close, the Sensex was down 14.37 points or 0.03% at 50637.53, and the Nifty was up 10.80 points or […]
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Indian market ended higher for the second consecutive session on May 24 led by financial names. At close, the Sensex was up 111.42 points or 0.22% at 50,651.90, and the Nifty was up 22.40 points or 0.15% at 15,197.70. “Due to a steady decline in fresh COVID cases and hopes of the lockdown being lifted sooner has […]
Continue ReadingSTOCKS Dow and DAX are moving up within their 33500-35000 and 14800-15500 range respectively. The bias is bullish to see an upside breakout of this range. Nikkei has to break above 28500 to become bullish and avoid a fall to 27000-26000. Shanghai is back into its 3350-3500 range and can fall towards the lower end […]
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The market snapped its two-day losing streak in style, gaining almost 2 percent on May 21 pushed higher by banking names. At close, the Sensex was up 975.62 points, or 1.97 percent, at 50,540.48 and the Nifty gained 269.30 points, or 1.81 percent, at 15,175.30. For the week, the Sensex and the Nifty added more […]
Continue ReadingSTOCKS Dow and DAX looks mixed and could be range bound. 33500-35000 on the Dow and 14800-15500 on DAX could be the possible range. Asians look relatively weak. Nikkei can fall to 27000-26000 while it remains below 28500. Shanghai has come back into its 3350-3500 range and can fall to 3450-3400 now. Sensex and Nifty […]
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Market ended lower for the second consecutive session on May 20 with Nifty dropping below 15,000 mark dragged by the metal and banking names. At close, the Sensex was down 337.78 points or 0.68% at 49,564.86, and the Nifty was down 124.20 points or 0.83% at 14,906. Among sectors, except for PSU Banks, all other […]
Continue ReadingSTOCKS Dow has recovered sharply after testing 33500 yesterday. The expected range of 33500-35000 remains intact for now. DAX has declined below 15200 and can test 14800 now. The rise to 15700-15800 that we were expecting is not happening now. Nikkei remains bearish to test 27000-26000 while it trades below 28500. Shanghai has failed to […]
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The market ended lower in a volatile session on May 19. Sensex fell 290.69 points or 0.58% to close at 49,902.64, and the Nifty dopped 77.90 points or 0.52% to end at 15,030.20. Among sectors, Nifty Pharma index gained 1 percent, while the metal index shed 1 percent. Selling was also seen in auto, bank and infra names. BSE […]
Continue ReadingSTOCKS Asians are trading weak. Nikkei has failed to break above 28500 and keeps the bearish view intact. Shanghai has to sustain above 3500 to breach 3525 and rise further. Sensex and Nifty have closed higher yesterday but have to be seen if they can move up further on the back of the weakness in […]
Continue ReadingSTOCKS Dow remains stable above 34000 and can remain in the 33500-35000 range for some time. DAX keeps alive the chances of seeing 15700-15800 on the upside before reversing lower. Nikkei is trading near a crucial resistance level of 28500 which will have to be broken to move further higher and avoid a fall back. […]
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The benchmark indices started the week on a strong note and ended the day 2 percent higher, with Sensex rising 848.18 points, or 1.74 percent, to 49580.73 and the Nifty gaining 245.40 points, or 1.67 percent, to close at 14923.20 on May 17. Among sectors, Nifty energy, bank, auto, metal and PSU bank indices rose […]
Continue ReadingSTOCKS Dow has risen well above 34000 and can remain in a range of 33500-35000 within its broader uptrend. DAX has gained momentum and can rise to 15700-15800 before reversing lower. Nikkei has failed to sustain the break above 28000 and is bearish to fall further in the coming days. Shanghai has broken its 3350-3500 […]
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The benchmark indices ended flat after a volatile session on May 14, with the BSE Sensex adding 41.75 points, or 0.09 percent, to close at 48,732.55 and the Nifty ending 18.70 points, or 0.13 percent, lower at 14,677.80. For the week, the Sensex and the Nifty shed a percent each. Except FMCG, all other sectoral indices ended […]
Continue ReadingSTOCKS Dow has managed to recover sharply from its crucial support level of 33500. A range of 33500-35000 is possible while it remains above 33500. DAX has to sustain the strong bounce seen yesterday to bring back the chances of seeing 15700-15800 and delay the fall to 14500. Nikkei has declined sharply below 28000 and […]
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