Pullback possible, but short-term trend negative as long as Nifty trades below 17650: Rupak De
The index has witnessed a pullback rally and is likely to head higher toward the level of 42000 where stiff resistance is visible. The index in the coming week is likely to trade in the range of 40,000-42,000 and within the range, the undertone remains bullish with a buy-on-dip approach.
Fed says more rate hikes are needed to curb inflation
The report also listed a variety of monetary policy guidelines, such as one developed by Stanford University’s John Taylor, as showing that rate increases have lagged popular benchmarks for policy. Some Republicans in Congress have cited the rules in questioning the chair.
23 smallcap stocks offer double-digit weekly gains, surging up to 28% in volatile market week
Going forward, Indian equities are likely to take cues from global trends as investors weigh comments around the Federal Reserve policy and interest rate trajectory. Technically, analysts say the index has given a consolidation breakout on the daily chart, suggesting a rise in optimism.
Mind Over Money: Meditation, exercise, nature walks and a journal is mantra for Palka Arora Chopra to stay fit
What is crucial here is to establish a strong hold on the current events and happenings affecting the market as being well-informed is the key. While sometimes people tend to lose themselves in dynamic market scenarios, it is essential to keep your mind mentally fit. I take it very seriously and have a set up […]
Fed “acutely aware” of trouble inflation is causing – report
The document noted that U.S. financial conditions have tightened since the Fed’s last report to Congress in June, and hinted that the impact of monetary policy was intensifying in some corners of the economy.
D-St Party: Indices log biggest single-day gain in four months
The Sensex came close to 60,000 after a 1,058-point surge. It eventually closed at 59,808.97, up 899.62 points, or 1.53%. The Nifty advanced 272.45 points, or 1.57%, to close at 17,594.35 – above its 200-day moving average (DMA), a key trend indicator, of 17,404.11.
Adani stocks jump for 4th day in a row
The total market value of Adani’s 10 listed companies rose by ₹68,300 crore on Friday after gaining ₹1.04 lakh crore in the previous three trading sessions. Gautam Adani’s wealth, as shown in the Forbes Billionaires List, rose $5.4 billion on Friday to $43.3 billion, and his ranking jumped from 37 early this week to 26 […]
Reliance Industries plans to set up 10 GW solar project in Andhra Pradesh
Speaking at the inaugural session of the southern state’s two-day Global Investors Summit 2023 in Visakhapatnam, Ambani said Reliance will create 50,000 new job opportunities in the state and promote sale of products made in Andhra via its retail business.
SC extends stay on HC order quashing Yes Bank’s AT-1 bonds write-off
However, the apex court sought response from finance ministry, Reserve Bank of India, Sebi, stock exchanges and others on two separate but identical appeals filed by the banking regulator and Yes Bank against the HC’s January 20 order.
Indiabulls Housing to cut risk, grow co-lending in new avatar
As part of the changes, the company will launch a new brand and name in May this year. It also plans to merge its seven subsidiaries into the housing finance company to ensure a single-minded focus on mortgages for which it will seek court approvals in the first half of next fiscal.