NIFTY: The NIFTY opened at 19578.80 without much of a gap. The index started moving on the downside from its opening tick and went down more than 100 points and then found strong support there. Prices started a process of consolidation there and eventually broke on the upside…
View on market: Volatility Prevails, Market is searching for better value Following a tech-driven sell-off on Wall Street, Asian equities futures traded slightly lower as investors awaited U.S. monthly inflation data that will help determine the outlook for the Federal Reserve's upcoming actions. American futures saw a small…
NIFTY: The NIFTY opened at 19627.20 with a gap up of 30 points. Initially, the index moved lower and filled the gap. After that, the index started a process of consolidation. The sideways movement broke on the downside and the index has seen a sharp decline. Prices have…
View on market: Volatility Prevails, Market is searching for better value The decline in Asian market futures indicates a cautious start to trading in the region as investors wait for consumer and producer price data from China, which is anticipated to continue to show deterioration. While contracts for…
NIFTY: The NIFTY opened at 19576.85 with a gap up of 59 points. Initially, the index moved lower but quickly found support and started moving sideways, after recording its intraday low at 19524.80. The index started a rally in the afternoon and went above 19600. However, prices have…
View on market: Volatility Prevails, Market is searching for better value The latest remarks from a Federal Reserve member, which indicated to additional rate hikes to manage inflation, have dampened Wall Street euphoria as Asian stocks prepare for a mixed morning after US shares recovered from their worst…
August 7, 2023
DECLINE STOPPED; NIFTY AND NIFTY BANK ENDED WITH GAINS
NIFTY: The NIFTY opened at 19462.80 with a gap up of 81 points. Initially, the index moved sideways for the first two hours of trading with support around 19450 and then saw a breakout. Prices recorded its intraday low at 19436.45 and saw an upside rally of about…
View on market: Volatility Prevails, Market is searching for better value After a conflicting US jobs data and a reversal of gains on Wall Street, which saw the S&P 500 shed over 1% of its gain, Asian markets are expected to fall. Futures for benchmarks in Hong Kong,…
Reliance Industries Limited (RIL) is a well-known Indian conglomerate with a broad range of businesses, including media, retail, telecommunications, oil and gas exploration, petrochemicals, and refining. It has strengthened its position in India and is growing its global reach. The company's dedication to customer happiness, innovation, and sustainability…
Concord Biotech IPO Company Profile : Concord Biotech Limited (CBL) is a leading biopharma company based in India and is one of the world's leading developers and manufacturers of fermentation-based APIs for cancer and immunosuppressants worldwide. The business serves more than 200 customers in over 70 countries throughout…