NIFTY: The NIFTY opened at 19761.80 with a gap up of 45 points. The index could not sustain at the higher levels and started drifting downwards from its opening tick. Prices have recorded its intraday high at 19766.65 in its initial trades and moved lower for the whole…
View on market: Volatility Prevails, Market is searching for better value While oil's rise faltered, Asian stocks appeared on track to experience their largest quarterly fall in a year. In Australia, shares opened higher, but they decreased in Japan. The U.S. indices increased as a result of strong…
NIFTY: The NIFTY opened at 19637.05 with a gap down of 27 points. The index continued its bearish momentum and saw a sharp decline from its opening tick but soon found support just above 19550. Prices have recorded its intraday low at 19554 and saw a V-shaped reversal.…
View on market: Volatility Prevails, Market is searching for better value As investors anticipated higher interest rates and soaring oil costs following the extension of crude's one-year high, shares in Asia slumped. Japanese and New Zealand equity indices fell, while Australian stocks were unchanged after suffering losses earlier.…
NIFTY: The NIFTY opened at 19682.80 without much of a gap. The index initially moved lower but quickly turned around and started moving higher but found strong resistance near early morning highs. Prices have started a range-bound session which lasted till the afternoon. The index eventually broke on…
View on market: Volatility Prevails, Market is searching for better value As investors mull a protracted period of increasing interest rates, Asian stocks declined after Wall Street. Benchmarks dropped throughout the region, with stocks sliding in South Korea, Australia, and Japan. Tuesday saw a 1.5% decline in the…
NIFTY: The NIFTY opened at 19678.20 without much of a gap. The index initially moved sideways which eventually broke on the downside and prices have seen a mild down move. The decline found support very quickly and prices again formed a range but this time broke on the…
View on market: Volatility Prevails, Market is searching for better value Asia's stocks fell, but Treasury yields and the dollar increased, showing that investors have not yet totally adjusted their expectations for interest rates. Equity benchmarks for Hong Kong, Australia, and Japan all decreased, and the Kospi Index…