The dollar index added to earlier losses after the ADP National Employment report showed that U.S. private payrolls increased far less than expected in November, suggesting demand for labor was cooling amid high interest rates.
The 12-month inflation by the Colombo Consumer Price Index peaked at 69.8 per cent in September and the National Consumer Price Index peaked at 73.8 per cent.
The battered Japanese yen traded near a 32-year trough to the dollar at 149 yen, putting the major psychological barrier of 150 in focus.
If there is no pull back towards 8,620 levels on Nifty, investors may stick to shorting, Mitesh Thacker of miteshthacker.com says. He has set a target of 8,400 to 8,360 for shorting and expects to see deeper dips going forward with occasional 1-2 day rallies.
Hailing from a family that once owned Funfoods, 35 year old Viraj Bahl decided to set up a speciality food venture of his own called Veeba.
Although there were pullbacks in the market, there was a lot of resistance around the 7800 levels, says Udayan Mukherjee in a freewheeling chat with CNBC-TV18.
Every bank in the industry should see some rise in provisioning, and a deterioration in asset quality, says Banking Analyst Hemindra Hazari.
Mayuresh Joshi of Angel Broking believes the market has had a dream run and now it is time to take a breather and therefore, there is a strong chance that a pullback will come.
In an interview to CNBC-TV18 technical analyst, Sudarshan Sukhani of s2analytics.com shared his reading and outlook on the market.
In an interview to CNBC-TV18 technical analyst, Sudarshan Sukhani of s2analytics.com shared his reading and outlook on the market.
In an interview to CNBC-TV18 technical analyst, Sudarshan Sukhani of s2analytics.com shared his reading and outlook on the market.
Technical analyst Sudarshan Sukhani of s2analytics.com says the market is not looking upbeat or bullish.
In an interview with CNBC-TV18, T Gnanasekar, Director at Commtrendz Research & Fund Management suggests selling gold on rallies up to Rs 30,600-30,650 per 10gm with stop loss for this trade at Rs 30,800 per 10 gm and target at around Rs 30,350 per 10gm.
Sukhani explains to CNBC-TV18 the initial trends for the October series and the kind of range that the Nifty would hover within. Meanwhile, market analyst Ambareesh Baliga adds that investors should be picky while choosing stocks and buy only on dips.
Sudarshan Sukhani of s2analytics.com, says that that the short term momentum is on the upside so I am taking long positions. Today if there is any positive news development then he plans to go for profit booking at 5250 levels. He has a bullish bias today and with he plans to buy on dips.