As trading commenced on Friday the 13th, the looming fears of the Coronavirus pandemic bundled with various other factors made the Nifty nosedive 10% to 8,624 and the Sensex crash by 9.4% to 29,687, resulting in a nation wide trading-halt for the first time in 12 years. What followed in line for the next few …
As the novel coronavirus grew into an official pandemic, the CDC advised that most people stay home to practice social distancing across all affected counties. Naturally, market moves were quite steep on Monday, March 9th. Here are all relevant updates regarding India’s benchmark indices, US Markets, Asian Markets, global commodities, and others in the two …
As the world has begun its vaccine rollout, and India follows suit, there seems to be some light at the end of a long year of Covid-19 infections and rising death tolls. Vaccines have certainly been a triumph of modern science but they have had other impacts as well. The markets have been responding well …
The day the markets peaked to the 50-k mark also saw a steep sell-off on the back of not just profit-booking by some investors but also reports of a fire at the Pune location of the Serum Institute of India (SII), the maker of the coronavirus vaccine, Covishield. BSE Sensex was down 167.36 points closing …
An Overview Oil prices rose slightly on Tuesday, as investors were concerned by the rapid spread of the Omicron pandemic type throughout the world, forcing nations to explore more restrictions that might reduce fuel consumption. By 0105 GMT, Brent oil prices had risen 9 cents, or 0.1 percent, to $71.61 a barrel, while WTI crude …
This 28th of February recorded one of the worst Indian stock market crashes within a single day wiping away approximately ₹5 crores in investor funds. This major drop was influenced by the global scare of the novel coronavirus, officially known as COVID-19, turning into a pandemic. There was a 3.5% drop in Indian indices which is …
It has been an extraordinary year so far. We have seen both, Sensex and Nifty, hitting new highs, which reverberates the power of long term equity investing. At the beginning of 2017, nobody could have guessed how the year would eventually turn out to be. The year 2017 was expected to reflect the effect of …
Below was our analysis for this expiry: Chart Analysis Nifty CMP: 17534 Time Frame Trend CandleStick RSI Resistance Support Monthly Bullish Neutral 63 (Neutral to Overbought) 18000 16000 Weekly Bullish Bullish 58 (Neutral) R1 -18000 R2 -18300 S1 – 16600 S2 – 16000 Daily Bullish Neutral 76 (Overbought) R1 -17500 R2 -17750 S1 – 17150 …
In its recent reports, financial technology giant Paytm, or One97 Communications, revealed that the company has witnessed a jump in its revenue. This is the first time Paytm released its revenue figures since its recent stock market debut. Following a successful IPO, the tech firm is now planning to meet its objectives to bring value …
RBI, on Thursday, announced that it had imposed 6.5 crore penalty on 3 banks. The central bank commented that the three banks have failed to comply with its regulatory compliance norms on various accounts. The three banks, Bank of India (BOI), Karnataka Bank, and Saraswat Co-operative Bank were fined for failing to comply with NPA …
