Investors are advised to stay light and not be in a hurry to create fresh long positions on the index. Keep a stop below 10600 for all long positions.
Investors are advised to watch the price action in the next couple of sessions to confirm the trend. Till then, they should remain long with a strict stop loss placed below 10,690 levels.
H-1B visa reform is still highly probable, as President Trump wants change. If new legislation were enacted, it would cause significant issues for several stakeholder groups, but there will be winners and losers.
Flows from domestic investors are likely to be supportive while foreign portfolio investors (FPIs) could also invest more when they see the earnings recovery.
What are negative interest rates and why do they exist? Detailed below is everything one needs to understand about this phenomenon.
In the near term, the government will try to keep the impact of GST least disruptive as possible
The index took 42 trading sessions to rally nearly 5 percent or 500 points from 9,000 to 9,521 on May 17, but there was plenty of stock specific action. As many as 354 stocks from the Nifty 500 index outperformed the Nifty50 index.
Most broking firms do not expect any rate cuts in the near future, due to macro-economic constraints more than anything else.
Amid fears of policy paralysis and a widening fiscal deficit, a heightened political rift is the last thing Indian investors bargained for. The market today went into a tizzy, closing nearly 400 points down, quite contrary to the firming trend in Europe ahead of the EU Summit.