Markets succumbed to selling pressure on Thursday as key indices opened lower amidst US court indicting Adani in serious criminal charges and issuing an arrest warrant which led most of Adani Group stocks to open sharply circuit. The impact for Nifty 50 was more measured as the decline was restricted to 23,300 while Bank Nifty managed to defend floor of 50,000 mark. With Adani Stocks holding...
Markets exhibited extreme bearish behaviour on Tuesday as indices attempted gains of more than 300 points in Nifty futures but most of the gains were wiped out in the last hour of traded to end in marginal losses. The rebound expectation was mainly attributed due to oversold reading in RSI which had touched levels below 30. The current market trend suggests that there has been already a range...
Highlights Issue Size –: 925,925,926 sharesIssue Open/Close – 19 Nov / 22 Nov, 2024Price Band (Rs.) 102 – 108Issue Size (Rs.) – 100,000 mnFace Value (Rs) 10Lot Size (shares) 138 NTPC Green Energy Limited (NGEL) incorporate on 2002 and subsidiary of NTPC Limited, is a largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of Q2FY25 and...
Nifty on Monday extended losses to close below the crucial support 200-EMA which was placed at 23,522 while Bank Nifty managed to show some resilience to end in the positive terrain. Currently, Nifty has activated highest single trend range breakout crossing earlier range of 3005 points which was witnessed during phase of April-June 2022. The range breakout would mean that Nifty has potential...
Markets last week witnessed major battle between bulls and bears as Nifty 50 tested key support of 200-DMA but final tally saw Nifty ending with losses of more than 1.5%. The next leg of decline for markets may come from breakdown in Bank Nifty futures which has activated Head & Shoulder breakdown and is likely to decline immediately towards 46,000. For Nifty 50 Index, the selling is...
The selling continued on Wednesday with Nifty sliding over 1% and ended near the 200 DMA which is placed at 23,545. The broad-based selling has been seen mainly from the consumption sector which poses key risk for extended decline in the Indian markets. A breach below 23,890 has already opened gateways for Nifty’s journey towards lower levels, with immediate target seen at 22,000. There has...
Markets succumbed to selling pressure on Tuesday with Nifty violating key support of 23,890 on closing basis thus opened the gates for a major downside of beyond 15% in the near term. The selling in the last hour of trade clearly indicates lack of appetite for domestic funds to hold markets at higher levels and it may trigger ripple effects as retail investors are forced to cut down their...
Markets witnessed wild volatility in range of 1% yesterday with Nifty ending on a flat note but selling continue to persist in broader markets especially in the consumption space indicating upcoming slowdown in the economy. In the past few days, stocks considered as safe heaven especially from Nifty low volatility index has seen sharp selling which is a major cause of concern and is...
Markets failed to recover beyond 24,500 in the previous week and follow-up selling forced Nifty to end below the crucial support of 24,232 after Trump victory in the previous week. Indian markets are prone to sharp volatility below 24,232 with a potential target seen at 22,500. With weakness visible in consumption sector, we expect correction to turn broad based and financial stocks may...
Markets erased Wednesday’s gains after Nifty dropped sharply by 1% after concerns emerged that Trump may resort to Tariff regime and limit H1B Visas for immigrants. The sharp wild swings in Nifty in the past few days is clear signs of instability in the markets and the next decline could be towards 22,000. The next few days 23890 remains very crucial support, below which aggressive short...