NIFTY: The NIFTY opened at 19581.20 without much of a gap. Initially, the index moved sideways for the first two hours of trading and eventually broke on the downside. Prices have seen a sharp intraday decline and moved below 19500. The Index found strong support there and bounced…
As U.S. stocks declined as a result of economic data that came in stronger than expected, Asian equity futures dipped, supporting the Federal Reserve's decision to maintain high interest rates for longer. Contracts for Australian and Japanese share benchmarks fell, while those for Hong Kong shares were unchanged.…
NIFTY: The NIFTY opened at 19564.65 with a gap up of 36 points. The index initially moved down for the first five minutes of trading and filled the gap. However, the index bounced up afterward. A rally started but found resistance quickly before crossing above 19600. The index…
View on market: Volatility Prevails, Market is searching for better value After U.S. stocks declined and a spike in oil prices raised concerns about inflation, Asian equities futures indicated a cautious opening for stock markets throughout the region on Wednesday. The Hang Seng Index in Hong Kong increased…
NIFTY: The Nifty 50 index had a stable day. It started at 19,525.05 and found support from the previous day's closing price. Throughout the day, it didn't move too much, with the highest point being 19,545.15 and the lowest at 19,432.80. Eventually, the day ended positively, closing at…
View on market: Volatility Prevails, Market is searching for better value As traders shift their attention back to China's efforts to reverse its economic slump following the closure of U.S. markets for the U.S. Labor Day weekend, Asian stocks are expected to open lower on Tuesday. Futures in…
NIFTY: The NIFTY opened at 19258.15 without much of a change. The index initially consolidated and soon broke on the upside after recording its Intraday low at 19255.70. Prices slowly inched higher but again formed a consolidation. A breakout came on the upside again and prices rallied sharply…
View on market: Volatility Prevails, Market is searching for better value As traders considered U.S. jobs statistics that fueled hope the Federal Reserve is reaching the conclusion of its tightening cycle, Asian equities appeared set for small gains. Futures contracts for Australian and Japanese stocks increased marginally. Traders…