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[hfe_template id='11223'] [ad_1] Indian benchmark equity indices Nifty and Sensex ended flat in a highly volatile session on Friday, while global markets advanced after Federal Reserve Chair Jerome Powell stated that "the time has come" to reduce interest rates. Speaking at the economic symposium at Jackson Hole, U.S., Powell explicitly endorsed an imminent policy easing, noting that further cooling in the U.S. job market would be unwelcome. He expressed confidence that inflation is within reach of the U.S. central bank's 2% target. Analysts now predict that Powell's dovish comments could benefit Indian benchmarks, potentially driving a further rally. On Friday, The NSE Nifty 50 index was up 0.05% at 24,823, while the S&P BSE Sensex added 0.04% to 81,086. Here's how analysts the market pulse "Powell's comments about cutting interest rates raise hopes that the U.S. central bank will start reducing policy rates from September onwards. Equ...

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices logged record closing highs on Monday, led by gains in state-owned companies, with mid-cap stocks also extending their record run after a strong start to the earnings season. The NSE Nifty settled 0.35% higher at 24,587, while the S&P BSE Sensex added 0.18% to end at 80,665. Both benchmarks have recorded consecutive record closing highs since TCS and HCLTech posted higher quarterly revenue, signaling a recovery in demand for IT companies and starting the earnings season on a strong note. Here's how analysts the market pulse: "From a technical standpoint, the zone encompassing the golden ratio, denoted by 24,610, is likely to be seen as the pivot zone, and a sustainable breakthrough could only boost further momentum. On the lower end, 24,500-24,400 is expected to cushion any upcoming blips, followed by the sacrosanct support of 24,150," said Osho Krishan, Senior Analyst - Technical & De...

[hfe_template id='11223'] [ad_1] Indian benchmarks equity indices closed flat on Monday as a slide in Titan and the Bank of Baroda-led drop in lenders were offset by the rise in consumer stocks after the likes of Dabur and Marico reported a rise in demand. The blue-chip Nifty 50 and S&P BSE Sensex settled 0.01% and 0.05% lower, respectively, about 0.5% off the all-time highs they hit last week. Here's how analysts the market pulse: "Nifty remained range-bound during the day, as market participants appeared to be in no hurry to decide the market's direction. Support remains at 24,240, and a fall below this level might weaken the strength of the bulls. Until then, dips might be bought into. On the higher end, resistance is seen at 24,375-24,400. Above 24,400, the index might move towards 24,600," said Rupak De of LKP Securities. Jatin Gedia, of Sharekhan, said, "On the daily charts, we can observe that Nifty has faced resistance from the zone of ...

[hfe_template id='11223'] [ad_1] Benchmark equity indices surged on Monday, led by financials, index heavyweight Reliance Industries and energy stocks, after exit polls projected a third term for Prime Minister Narendra Modi's government in the recently concluded general elections. The NSE Nifty 50 rose 3.25% to 23,264 points, while the S&P BSE Sensex added 3.39% to 76,469, with both the blue-chip indices logging record closing highs and posting their best session in 40 months. Meanwhile, volatility indicator India VIX ended 15% lower as exit polls predicted that PM Narendra Modi will retain power with a landslide victory. Exit polls released on Saturday projected the Bharatiya Janata Party-led National Democratic Alliance will likely get a two-third majority in the 543-member lower house. All eyes are now on the final results due on June 4. Here's how analysts the market pulse: "On the daily charts, we can observe that Nifty has broken above the previou...

[hfe_template id='11223'] [ad_1] The stock could see mild profit-taking as it is trading around overbought levels, but experts see the stock as a good medium-term pick. Synopsis The stock rose from Rs 929 on April 30, 2024, to Rs 1,039 on May 31, 2024, which translates into an upside of 11.8% in a month. The stock quickly scaled Rs 1,100 levels in Monday's intraday trade. The momentum helped the stock break out from the Descending Triangle Formation on the daily chart. The breakout was confirmed with strong volumes, which is a positive sign for the bulls. Adani Total Gas witnessed swift price action in the last one month, pushing the stock above the Descending Triangle formation on the daily chart.The breakout has allowed the stock to reach the 1,100 level in the near term and could retest its 52-week high in 3-4 months, suggested experts.The stock rose from Rs 929 as of April 30, 2024, to Rs 1,039 as of May 31, 2024, which translates into an upside of 11.8% in a mon...

[hfe_template id='11223'] [ad_1] In the past trading week, the markets traded in a much wider range. Over the past few days, we had seen the markets and the VIX inching higher, i.e., moving in the same direction. In the previous technical note, we had expressly mentioned this concern as instances of VIX and the Index rising higher simultaneously often end up showing a warning sign of an impending corrective move. The last trading day of the week saw the index swinging wildly. During the week, the Nifty oscillated in a 446.65 range before closing the week on a flat note. The benchmark Index posted minor weekly gains of 55.90 points (+0.25%). There is something more that needs to be noted from a technical perspective. While the Nifty has stayed flat, the volatility has shown a huge spike. This is evident from the India Vix spiking by a massive 33.80% to 14.62. This continues to show some quantum of uneasiness in the markets. More so, the rise in the VIX and the NIFTY over ...