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June 10, 2023 11:28 AM IST On weekly charts, the index has formed a Hammer candlestick formation, which indicates further weakness from the current levels.
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June 10, 2023 10:14 AM IST The markets will dance to the Fed's tune next week
- June 10, 2023 09:37 AM IST
As of now, markets have largely priced in a pause for the upcoming June FOMC meeting. Additionally, worsening economic data prints from the US may limit scope for policy tightening in the coming months.
- June 10, 2023 09:29 AM IST
In this week, Foreign institutional investors (FIIs) bought equities worth Rs 970.73 crore.
- June 10, 2023 08:56 AM IST
Built-up breadth may not be used as a single indicator to trade, it should definitely be looked at while taking a view on the market before taking stock specific trades.
- June 10, 2023 08:10 AM IST
The Nasdaq Composite notched its seventh straight week of gains, adding 20.62 points, or 0.16%, to 13,259.14 on the day and 0.13% on the week.
- June 10, 2023 08:19 AM IST
The Governor’s statement at the April meeting “pause and not a pivot” continues to hold water, implying that any thoughts that the markets might have started to have in terms of an early rate cut is now thrown out of the window; explains Indranil Pan, Chief Economist at YES Bank.
- June 10, 2023 07:39 AM IST
In terms of price, the highest recorded during the month was Rs 3,800, while the lowest was Rs 1,755. Brokers say that unusually low prices usually indicate the transactions may have been done with the intention of evading taxes.
- June 10, 2023 07:38 AM IST
Economic momentum over the past two years was powered by the premium segment of the market. With inflation moderating, we expect the mass segment to start contributing to the economic expansion.
- June 09, 2023 07:34 PM IST
Since delivering outperforming returns from 2010-2015, an era when pharma was the talk of the town, the sector has lost its upward momentum. Six of the past eight years, Nifty Pharma has underperformed Nifty 50.
- June 09, 2023 06:26 PM IST
Life insurers make money by deploying the premium they collect from policyholders into investments
- June 09, 2023 06:22 PM IST
Shares of Suzlon Energy have rallied 25 percent in a week and generated a return of 67 percent in a month.
- June 09, 2023 06:12 PM IST
One of the conundrums in the start-up world is why despite being a manifestation of some amazingly creative ideas, so many startups fail
- June 09, 2023 05:30 PM IST
Profitability of white goods and durable companies could improve because all major raw materials are in the deflation zone now, said ICICI Securities.
- June 09, 2023 05:23 PM IST
A selection of economy, business and finance articles and social media gems curated by our research and opinion teams
- June 09, 2023 05:21 PM IST
The Option data indicated that the Nifty50 may trade withing the range of 18,300-18,800 in coming weeks.
- June 09, 2023 05:13 PM IST
Platforms that offer money managers the freedom to build a business and maximise their return on performance while removing the hurdles of launching independently could change financial markets
- June 09, 2023 04:55 PM IST
Key macro data, including manufacturing and production numbers for India and inflation data for the US will be released in the upcoming week. Also, investors will be keeping an eye on US Federal Reserve and European Central Bank’s policy meet
- June 09, 2023 04:48 PM IST
At close, the Sensex was down 223.01 points or 0.35% at 62,625.63, and the Nifty was down 71.10 points or 0.38% at 18,563.40. About 1705 shares advanced, 1727 shares declined, and 107 shares unchanged.
- June 09, 2023 04:41 PM IST
Nafa Asset Managers CEO Balaji Vaidyanath says the sector may have to make way for non-lending counterparts as well as manufacturing, IT and other emerging segments
- June 09, 2023 04:13 PM IST
Embassy Office Parks REIT and Mindspace Business Parks REIT have underperformed Nifty Realty in the last two months when the central bank paused rate hikes.
- June 09, 2023 04:10 PM IST
Sensex was down 223.01 points or 0.35% at 62,625.63, and the Nifty was down 71.10 points or 0.38% at 18,563.40. About 1705 shares advanced, 1727 shares declined, and 107 shares were unchanged.
Top losers on the Nifty were Hero MotoCorp, Divis Laboratories, Tata Steel, HDFC Life and Eicher Motors, while gainers included IndusInd Bank, Axis Bank, L&T, Adani Enterprises and Power Grid Corporation. Among sectors, capital goods rose 1 percent, while FMCG, PSU Bank, Information Technology, metal and oil & gas were down 0.5-1 percent. Watch Yatin Mota on Moneycontrol for all the latest market news and analysis.
- June 09, 2023 03:56 PM IST
Data from the past 14 years reveals that the banking and IT sectors are often contradictory, moving in opposite directions 70 percent of the time.
- June 09, 2023 04:20 PM IST
For the week, Sensex and Nifty added 78 and 29 points, respectively.
- June 09, 2023 03:43 PM IST
The Indian rupee closed marginally higher against US dollar on June 9 tracking gains in the Asian currencies market.
