The Indian rupee has faced a prolonged downtrend over the past few months, nearing its record low against the US dollar. As of this report, the rupee was trading at 84.40 per dollar, close to the all-time low of 84.48. This decline highlights ongoing economic and geopolitical challenges for the currency, with persistent foreign outflows …
Bank Nifty Technical Outlook The Bank Nifty index recently experienced its steepest decline in over a month, down by 1.58% lower at 51,056.75. The daily chart shows significant technical patterns, providing insights into possible future price action. Triangular Formation The Bank Nifty chart illustrates a triangular pattern, which often suggests a potential downside continuation if …
On November 12, 2024, both the BSE Sensex and NSE Nifty50 ended the day in red. The BSE Sensex closed at 78,675.18, down by 820.97 points or 1.03%. Similarly, the Nifty50 also closed at 23,883.45, down by 257.85 points or 1.07%. Sectoral Performance On Tuesday, Nifty Realty and Nifty IT ended in green. Nifty Auto, …
On November 12, 2024, Vistara Airlines officially became part of Air India today. The newly combined Air India entity is now poised to operate upwards of 5,600 flights each week, connecting over 90 destinations, signaling a major milestone for the Indian aviation sector. Vistara Airlines Transitions to Air India Group The merger was done in …
Weekly Expiry Changes on NSE and BSE from November Starting November, the National Stock Exchange (NSE) will discontinue the weekly index derivatives for Bank Nifty, Nifty Midcap Select, and Nifty Financial Services. According to a circular issued on October 10, the last trading date for these indices will be November 13, 18, and 19, respectively. …
On Tuesday, November 12, 2024, the benchmark indices Sensex and Nifty 50 are expected to open muted amid mixed global market cues. At 08:07 AM, Gift Nifty was trading up by 0.08% at 24,258.50. Previous Trading Session On November 11, 2024, the Sensex rose by 9.83 points, or 0.01%, to close at 79,496.15, while the …
The Nifty50 index slipping below the critical 24,000 level has sent ripples across the market, prompting analysts and traders to brace for potential shifts in sentiment and volatility. With current trading levels hovering near 24,027.05 and a 114-point drop, the technical and fundamental indicators suggest critical points to watch as the index approaches sensitive levels. …
Saatvik Solar, one of the biggest solar manufacturers in India has signed an agreement with G2H Solar to supply 200 MW of high-efficiency solar photovoltaic (PV) modules for renewable energy projects across India. The delivery of these advanced modules, featuring Mono PERC bifacial half-cut technology with power ratings of 540Wp and 550Wp, is set to …
On November 11, 2024, the benchmark equity indices ended almost flat. Nifty 50 was down 0.03% and settled at 24,141.30 while Sensex was up 0.01% to 79,496.15. Nifty Bank was up 0.61% to 51,876.75. The volatility indicator Nifty VIX was down 1.38% to 14.27, reflecting a rise in volatility. Sectoral Performance Nifty Healthcare and Nifty …
Foreign Direct Investment (FDI) is crucial for India’s economic growth, bringing in capital, boosting job creation, and supporting the nation’s industries. However, recent data indicates that FDI flows into India have slowed significantly, raising concerns about the country’s ability to attract and sustain foreign investments. In this blog, we’ll break down what’s happening with FDI …
