Benchmark indices ended in the green for the third day in a row on April 29 with Sensex closing the session with a gain of 606 points and Nifty settling 172 points higher at 9,553.35. According to pivot charts, the key support level for Nifty is placed at 9,430.52, followed by 9,307.68. If the index continues moving up, key resistance levels to watch out for are 9,638.02 and 9,722.68. The Nifty Bank closed 2.03 percent up at 21,090.20. The important…
The Indian market closed in the green for the second straight day on April 28, which helped the Sensex climb above 32,000 and the Nifty reclaim 9,300 levels, a shade below its crucial resistance level of 9,400. The Sensex closed the day with a gain of 1.17 percent at 32,114.52 and the Nifty settled 1.06 percent higher at 9,380.90. The Nifty failed to hold on to the 9,400 level but closed near its strong opening levels and formed a Dragonfly Doji pattern on…
Indian markets extended gains after the Reserve Bank of India (RBI) announced a special liquidity facility of Rs 50,000 crore for mutual funds to calm investors jittery after the Franklin Templeton fiasco. The Sensex closed the day 416 points, or 1.33 percent, higher at 31,743.08 and the Nifty settled 128 points, or 1.40 percent, up at 9,282.30. GET YOUR PAID SERVICES NOW http://streetgains.in/subscribe/ Happy trading Team streetgains Share on: WhatsApp
After two weeks of gains, the bears once again took control of the D-Street in the week ended April 24 amid rising COVID-19 cases and delayed financial stimulus. The BSE Sensex corrected 0.83 percent during the week, while the Nifty50 lost 1.2 percent. The carnage was worse in the broader markets as both BSE Midcap and BSE Smallcap index fell around 3 percent each. Other factors that weighed on investor sentiment during the week include the possible extension of lockdown, closure of debt schemes…
Benchmark indices rallied for the second consecutive session in a row on April 23 with the Sensex closing 484 points, or 1.54 percent, higher at 31,863.08 and Nifty settling 127 points, or 1.38 percent, up at 9,313.90. Experts said rotational buying in select heavyweights is helping the index but the upmove lacks decisiveness even as hopes of government stimulus is underpinning the sentiment. GET YOUR PAID SERVICES NOW http://streetgains.in/subscribe/ Happy trading Team streetgains Share on: WhatsApp
Indian equity markets recovered sharply on April 22 on the back of positive global cues and deal between Reliance Jio and Facebook amid a gloomy economic environment. The Sensex closed with a 743 points, or 2.42 percent, gain at 31,379.55 and the Nifty settled 206 points, or 2.29 percent, higher at 9,187.30. Nifty Bank closed 1.51 percent higher at 19,701.85. The important pivot level, which will act as crucial support for the index, is placed at 19,233.7, followed by 18,765.6….
Sensex closed the day with a loss of 1,011 points, or 3.20 percent, at 30,636.71 while Nifty settled 280 points, or 3.03 percent, lower at 8,981.45. Facebook has bought a 9.9% stake in Reliance Jio for $5.7 billion (Rs 43,574 crore), the telecom unit of Reliance Industries Ltd (RIL) in a deal that gives the social media giant a firm foothold in a fast-growing massive market and helps the Indian oil-to-telecom conglomerate to significantly cut debt. The deal values Jio…
Oil prices rebounded on Tuesday, with U.S. crude turning positive after trading below $0 for the first time ever, but gains were capped amid unresolved concerns about how the market can cope with fuel demand decimated by the coronavirus pandemic. U.S. West Texas Intermediate (WTI) crude for May delivery was up $38.73 at $1.10 a barrel by 0117 GMT after settling down at a discount of $37.63 a barrel in the previous session. GET YOUR PAID SERVICES NOW http://streetgains.in/subscribe/ Happy…
The market registered gains for the second consecutive week ending on April 17, following positive global cues on expectations that infections may be peaking in Europe and that the US may ease lockdown of business as the number of reported cases is declining on daily basis. The Nifty50 climbed 1.7 percent to 9,266.75, and the BSE Sensex rose 1.38 percent to 31,588.72 during the volatile week, taking total recovered gains to 22 percent from lows touched on March 23. GET…
Benchmark indices ended in the green on April 16 with the Sensex closing 223 points higher at 30,602.61 and Nifty finishing 68 points up at 8,992.80. Mid-caps and small-caps outperformed the benchmarks as their sectoral indices on BSE closed 1.42 percent and 1.71 percent higher. Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services said the market would continue to remain volatile as it would track the trend in coronavirus cases and government relief measures to combat the economic…