Today, Interim Budget 2024 was introduced in Parliament by Finance Minister Nirmala Sitharaman. This was an interim budget as it came just ahead of the Lok Sabha Elections. The full-fledged budget will be presented in July 2024 by the new government that comes to power after the elections.…
NIFTY: The NIFTY opened at 21487.25 with a gap down of just 41 points. The index moved lower for the first five minutes of trading but soon found support and turned up. Prices recorded its intraday low at 21448.85, moved up sharply, and took the index above 21700.…
View on market: Volatility Prevails, Market is searching for better value Following overnight losses in tech stocks on Wall Street, the markets in Japan and Australia saw a dip in early trade on Wednesday. This came after Federal Reserve Chair Jerome Powell stated that it is doubtful that…
The Nifty moved down sharply; Nifty Bank has seen a modest decline; The Short-term Trend is sideways
NIFTY: The NIFTY opened at 21775.75 with a gap up of just 38 points. For the first five minutes of trading, the index moved higher but soon found resistance and turned down. Prices have recorded its intraday high at 21813.05, moved down sharply, and formed a trading range…
View on market: Volatility Prevails, Market is searching for better value Japan's share indices saw early trading on Wednesday in the red as the nation's industrial production, which had rebounded in December 2023, fell short of expectations. Asian share indices were negatively impacted by overnight declines in tech…
NIFTY: the NIFTY opened at 21433.10 with a gap up of 81. The index continued its early morning bullish momentum and started moving higher sharply after the opening tick. The rally continued for the whole day with some minor dips in between which traders used to add more…
View on market: Volatility Prevails, Market is searching for better value Early trading on Tuesday saw gains in the stock indices of South Korea and Japan as U.S. Treasury yields decreased in response to a reduction in the borrowing ceiling for this quarter. Nikkei 225 was 157.59 points…
NIFTY: The NIFTY opened at 21454.60 without any gaps. The index initially moved down sharply for about the first two hours of trading and brought prices around 21250. Prices found strong support there and started a consolidation process which lasted almost till the end. The index eventually broke…
View on market: Volatility Prevails, Market is searching for better value Early on Monday, the markets in the Asia-Pacific area saw gains as traders anticipated the Federal Reserve's rate decision, which was expected to be announced on Wednesday. As of 06:18 a.m., the S&P ASX 200 was trading…