Mumbai, June 7 (IANS) Indian equity markets are expected to remain range-bound in the coming week, with experts pointing to a mixed technical setup for benchmark indices Sensex and Nifty, even as domestic policy support offers some cushion against weak global cues.According to market experts, the overall outlook for Nifty remains cautious, with momentum indicators showing weakening strength.“From a technical perspective, the RSI on the weekly timeframe is placed near 39.64, indicating weakenin…
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Mumbai, June 7 (IANS) Indian equity markets are likely to remain volatile in the coming week as investors track escalating geopolitical tensions in West Asia, the Reserve Bank of India’s latest policy stance, persistent foreign fund outflows and rising US bond yields. The benchmark indices ended the previous week in negative territory, and analysts believe these developments could continue to influence market direction when trading resumes on Monday.The Indian stock market closed lower on Friday…
Mumbai, June 7 (IANS) The Nasdaq crash in the US by about 5 per cent is an indication that the AI bubble may burst and if the AI trade cools down and reverse, that can trigger reversal of foreign portfolio investors (FPI) outflows to the Indian markets, analysts said on Sunday.In May, FPIs net sold equity for Rs 32,963 crore. The sustained selling continued in early June, too. The total selling in June (up to 6th) stood at Rs 42,926 crore, taking the total selling in 2026, so far, to Rs 283,662 …
Mumbai, June 6 (IANS) The Indian equity benchmarks posted notable losses during the week as domestic policy measures were mildly offset by persistent external uncertainties.Nifty lost 0.77 per cent during the week and dipped 0.21 per cent on the last trading day to reach 23,366. At close, Sensex was down 116 points, or 0.16 per cent, at 74,243. It declined 0.71 per cent during the week.Geopolitical tensions in West Asia and their influence on crude prices continued to weigh on investor sentiment…
Mumbai, June 5 (IANS) Indian equity markets ended lower on Friday as investors reacted to the Monetary Policy Committee (MPC) decision and continued to assess global economic uncertainties.The benchmark indices closed lower, with the Nifty declining 49.85 points, or 0.21 per cent, to settle at 23,366.70. The Sensex also slipped 116.67 points, or 0.16 per cent, to close at 74,243.34.Commenting on Nifty technical outlook, experts said that the 23,450–23,550 region continues to serve as a key imm…
New Delhi, June 5 (IANS) Indian equity markets traded higher in the morning session on Friday ahead of a key central bank policy decision as investors awaited cues on how the central bank plans to address inflation and currency pressures amid elevated energy prices driven by geopolitical tensions in West Asia.Sensex jumped as much as 0.48 per cent or 357 points to 74,717.57, hitting an intraday high in early trade. Similarly, Nifty was trading 0.42 per cent or 100 points higher at 23,516.Sector-…
Mumbai, June 4 (IANS) Indian equity markets ended largely flat in a range-bound session on Thursday as investors remained cautious ahead of the Reserve Bank of India’s Monetary Policy Committee (MPC) decision, which is set to be announced on Friday.The Nifty closed 10.95 points or 0.05 per cent higher at 23,416.55, while the Sensex ended marginally up by 13.84 points or 0.02 per cent at 74,360.01.Commenting on technical outlook, experts said that 23,500 remains the critical decision zone for t…
Mumbai, June 4 (IANS) BSE Index Services, a wholly owned subsidiary of BSE, on Thursday announced the launch of a new benchmark index — the BSE India 5-Year Sovereign Bond Index — aimed at tracking the performance of India’s benchmark five-year government securities.The newly launched benchmark has a base value of 100 and a first value date of April 27, 2018. It will be reconstituted on a monthly basis, according to the company.The launch is expected to expand passive investment opportunitie…
New Delhi, June 4 (IANS) Global crude oil prices declined more than 1 per cent on Thursday after Israel and Lebanon agreed to implement a ceasefire, raising hopes of a broader diplomatic breakthrough that could ease tensions surrounding the ongoing Iran conflict.International oil benchmark Brent crude fell 1.33 per cent to $96.50 per barrel. Similarly, US West Texas Intermediate (WTI) crude declined over 1 per cent to $94.76 per barrel.The decline in oil prices came after both benchmarks had gai…
Mumbai, June 4 (IANS) Domestic equity markets opened lower on Thursday, tracking weak global cues amid geopolitical uncertainty in West Asia and selling pressure across the US and Asian equities.Sensex opened at 73,935.83, down 0.55 per cent or 410 points, while Nifty fell over 100 points or 0.5 per cent.Sectoral indices, Nifty Realty declined 0.67 per cent, Nifty IT was down 0.53 per cent. Similarly, pharma and healthcare indices decreased by up to 0.5 per cent.In contrast, Nifty Consumer Durab…