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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 ...