Worries about global politics and trade are pulling the Nifty 50 down. Experts say the market could drop further low.
'A breakout above 158,000 to 160,000 could trigger the next leg higher toward 165,000 to 170,000.'
'On the weekly chart, the Nifty 50 index has formed a bearish candle and remains below all short-term moving averages.'
Crude oil prices could dip to the low $60s by the end of 2025 after rising to $80 a barrel in the last quarter (October-December) of 2024 - up nearly 10 per cent from current levels, suggest analysts at JP Morgan. The main players in West Asia, including Saudi Arabia and the UAE, have a strong incentive to keep the conflict contained, according to the JP Morgan report.
Technical analysis can help you understand market trends so that you can make informed investment decisions, says Rupak De, senior technical analyst at LKP Securities.
If the index is unable to sustain above 24,500 levels, technically it can then slip to its 200-DMA placed at 23,365 levels.
The NSE Nifty 50 has slipped 3.4 per cent, or 764 points, in the last five trading sessions, after registering a fresh all-time high at 22,794.70 on Friday, May 03, 2024. In the process, the Nifty 50 index is seen quoting close to its 100-DMA (Daily Moving Average) of 21,970 for the second time in less than a month. Earlier on April 19, 2024, the Nifty 50 had tested the 100-DMA support, and then staged a smart rally of 4.7 per cent, or 1,017 points, to hit the new peak of 22,794.70.
Analysts remain bullish on the road ahead for the equity markets, but warn against volatility on account of domestic and global cues. The upcoming Lok Sabha elections back home and the interest rate trajectory of the US Federal Reserve, they said, will be the two most important factors that the markets will keep a tab on. That apart, the valuation of the Indian markets, they feel, will also be eyed in context of how global peers are performing.
Malaika looked phenomenal as the showstopper for Rohit Gandhi and Rahul Khanna's FDCI show.
Rediff readers shared these interesting macro shots of nature from their travels.
'Bollywood actresses like Parveen Babi and Zeenat Aman were huge inspirations, and they have stuck with us.'
Among the Sensex 30 stocks, new entrant Sesa Goa soared 22 per cent to Rs 187, while TCS rose 11 per cent to Rs 2,023.
The bias for the Sensex is likely to remain bearish as long as the index sustains below 18,900-odd levels. On the downside, the index could slide to 17,300-odd levels
I wondered how being scientist-mathematician helps one cycle better. Perhaps the self-discipline helps; perhaps it is the scientist-technologist perspective of breaking down the whole into separate pieces, identifying specifics and working on them for improved results, mulls Shyam G Menon.
The Nifty-Sensex have recorded successive 52-week lows through the last week.
Had he not been a student, admirer and follower of Amartya Sen, T C A Srinivasa-Raghavan feels it might have been a Padma Bhushan.
Weakness of the dollar in the overseas market also boosted the rupee, a forex dealer said.
The BSE benchmark index is yet to give any indication on the monthly Fibonacci charts.
Since we are at the start of the month and the quarter, we shall look at the broader picture for the markets.
The bull market peak came in March 2015, at a Nifty intra-day value of 9,119.
Financials are the top gainers along with index heavyweights.
Sensex lacklustre, bluechips in focus.
Baahubali: The Conclusion doesn't enlarge the scope of the first picture or deepen its meaning, feels Sreehari Nair.
Rahul is fascinated by history and ancient texts
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