The Nifty index was extremely volatile over the past week, ending with a weekly loss of 1%. The 200-day moving average of the benchmark index has continued to be below it, therefore the trend is still bearish in the short- to medium-term. The RSI momentum indicator has crossed over and is declining. Support is set…
MUMBAI: On Thursday, the benchmark Sensex for Indian equities fell 290 points to close below the 58,000 level following a sell-off in sectors related to banking, finance, and IT amid a sluggish trend in European equities.Meanwhile, intense selling pressure in Reliance Industries, an index heavyweight, increased the pressure, according to brokers.The 30-share BSE Sensex dropped…
MUMBAI: In keeping with a strong trend in global stocks, stock markets opened trading on a bullish note on Wednesday, building on their gains from the previous day.The BSE Sensex (30-share) increased 344.1 points to 58,418.78. The NSE Nifty, a wider index, increased 99.75 points to 17,207.25.Tata Motors, IndusInd Bank, UltraTech Cement, Larsen & Toubro,…
Buy or sell stocks today: Dalal Street rose and managed to end higher on Tuesday as a result of strong global sentiments on overnight gains in US stock markets. The 30-stock Sensex ended 445 points higher at 58m074, while the 50-stock Nifty index closed 119 points higher at 17,107 levels. The Bank Nifty index increased…
