Indian markets closed higher on Monday, led by financial and healthcare stocks. Analysts anticipate range-bound movement amid tariff uncertainties, with investor focus on upcoming FED and BOJ meetings for economic cues.
Indian markets closed lower on Thursday amid weak global cues and trade war concerns. Analysts see resilience despite US recession fears. US and European markets rebounded after volatility. Nifty remains in a consolidation phase, with key resistance at 22,550. MRPL, ITI Ltd, and Data Patterns saw strong buying, while KEC International and Zee faced selling pressure.
Indian indices rebounded on Wednesday, led by IT and financials. Market sentiment improved after a sharp decline in the previous session. Concerns over US-China trade and rupee depreciation persist.
Nifty on Friday ended 98 points higher to form an Inside Bar candlestick pattern on the daily chart. If the headline index manages to hold Thursday's low of 21,932, a pullback looks possible to chartists.
Aug 16, 2023 / 11:30AM GMTOperator Ladies and gentlemen, good day, and welcome to Elgi Equipments Q1 FY24 results conference call hosted by Asian Markets Securi
Nifty on Wednesday ended 338 points lower to slip below its immediate support of short-term moving average i.e. 20-DEMA and also breached the trendline support.
Nifty on Tuesday made a fresh peak and ended 75 points higher near the 22,200 mark to form a long bull candle on the daily charts. The index has been making a higher high both on daily and weekly charts.
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The 30-share BSE Sensex pack fell 52 points or 0.08 per cent to trade at 61,930, while the broader NSE Nifty moved 18 points or 0.10 per cent down to trade at 18,330. On the global front, Asian shares were last seen trading lower tracking an overnight fall in the US stock markets.