Market Updates - Angel One

A drastic shift in sentiment occurred on D-Street, moving from a celebratory atmosphere to a more somber tone. The market experienced a significant downturn from its intraday high, with the Nifty 50 index reaching a fresh all-time high but failing to sustain its gains, closing lower around the 22,600 mark. Sectoral Performance- Nifty IT The …

The Indian benchmark indices kicked off the week on a positive note, gathering momentum as they progressed. The Nifty closed the week 1% higher at 22,643, while the BSE Sensex surged by 1.28% to end at 74,671. Although these frontline indices recorded healthy gains, the real standout was the Bank Nifty, which stole the spotlight …

Foreign Investors have sold rapidly in the Indian Domestic Market equities during April. The Foreign Portfolio Investors remained bearish on Indian Markets and have sold shares worth Rs.6,300 crores till now in April amid various concerns like the rise in US Bond Yields and tweaks in India’s Tax treaty with Mauritius. Foreign Investors Sell Indian …

On Friday, the Nifty index closed at 22,420, down 150 points (0.67%). However, it ended the week with a 1.23% gain and formed an indecisive candlestick pattern on the weekly chart. The Nifty opened above the 22,600 mark but could not surpass its prior session’s high. It soon faced profit booking, losing its opening gains …

On Friday, the Bank Nifty opened at 48,660 and reached an intraday high of 48,679.65. However, the index failed to maintain these gains due to profit-taking, leading to a decline that ended the day down by 0.61%. Daily and Weekly Chart Patterns On the daily chart, Bank Nifty formed a “dark cloud cover” pattern, indicating …

The NSE benchmark Nifty50 index has rebounded by over 150 points from the day’s low and is hovering near the day’s high, around the 22,450 mark, up by 0.22%. This strong recovery has drawn attention to the Nifty PSE Index, which has hit a new high and, notably, has broken out of an ascending triangle …

Introduction The Securities and Exchange Board of India (SEBI) has announced an extension of cross margin benefits for offsetting positions in derivative markets. Previously, cross margin was allowed for positions in correlated indices or an index and its constituent stock futures when both had the same expiry date. This new development allows cross margin benefits …

In a move aimed at encouraging greater participation in Futures and Options contracts for the Nifty Next 50 Index, the National Stock Exchange (NSE) has announced a fee waiver. According to an NSE circular dated April 23, 2024, trades executed in the Futures and Options segment on Nifty Next 50 Index (NIFTYNXT50) will be exempt …

Bearish Candles on the Daily Chart On Tuesday, the Bank Nifty formed a back-to-back “open=high” candle, indicating a negative trend. Since the closing price was lower than the opening level, it created a consecutive bearish candle on the daily chart. However, despite these bearish indicators, the index has maintained its pattern of higher highs and …

India VIX, whether termed a volatility index or a fear index, has plummeted over 20% today, dropping from 12.70 to a low of 9.95. Currently hovering around 10.10, it marks a decline of 20.55%. Yesterday saw a 5.65% dip, closing at 12.70 after opening at 13.45. As the Nifty approaches its resistance levels of 22,400-22,500, …