Where is Dalal Street headed this week

The benchmark equity indices showed a trend reversal and ended the last week’s last trading session in the positive territory. The NSE Nifty 50 soared 190 points or 1.01% to settle at 19,047.25, while the BSE Sensex climbed 634.65 points or 1.01% to 63,782.80 on Friday. On a weekly basis, the NSE Nifty 50 experienced a significant decline of 2.53%, mirroring the BSE Sensex, which also saw a substantial drop of 2.46% last week. These downward trends are primarily attributed to the moderate performance of Indian Inc in the second quarter of FY24 as well as the influence of weak global cues.

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Stocks to Watch: RIL, Dr Reddy’s Labs, UltraTech Cement, IDFC First Bank

“Ongoing unrest in West Asia and concerns over the potential impacts of higher interest rates on future economic growth have resulted in a decline in investor confidence. FIIs selling is affecting the domestic market invariably to heavy buying by DIIs. Domestic indices have display…

Share Market Highlight- Markets end in red! Nifty closes below 21,500, Sensex above 71,200; Consumer durables and Financial services stocks loss

Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed in the negative territory. The NSE Nifty 50 closed 109.70 points or 0.51% lower to settle at 21,462.25, while the BSE Sensex lost 313.90 points or 0.44% to settle at 71,186.86. The broader indices closed in the red, with losses led by largecap and midcap stocks. Bank Nifty index closed lower by 350.90 points or 0.76% to settle at 45,713.55.

Live Updates
15:31 (IST) 18 Jan 2024
Markets at close

The NSE Nifty 50 closed 0.42% lower at 21,481.00, while the BSE Sensex closed 0.37% lower at 71,237.74.

15:23 (IST) 18 Jan 2024…

Stocks To Watch- HDFC Bank, LIC, Arvind SmartSpaces, Persistent Systems, Mahindra Lifespace Developers

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a gap down opening on Friday. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: GIFT Nifty traded lower as the index was down 41.50 points or 0.17% at 24,377 indicating a lower start for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 rose 15.65 points or 0.06% to settle at 24,302.15, while the BSE Sensex jumped 62.87 points or 0.08% to close at 80,049.67.

Stocks to watch on July 5, 2024

HDFC Bank 

HDFC Bank on Thursday said its gross advances registered 53% year-on-year growth at Rs 24.87 lakh crore in the first quarter. The same stood at Rs 16.3 lakh crore in the last year quarter. Excluding the impact of the merger of erstwhile HDFC with the bank on July 1, 2023, the bank’s gross advances grew 15% over the same period last year. During t…

Will Nifty continue its losing streak for fourth day- See GIFT Nifty, FII data, F&O, crude, more before market opens

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Thursday. Here is all you need to know before the market opens.

GIFT Nifty was 12.50 points or 0.06% lower at 22,141.00 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Tuesday, the NSE Nifty 50 fell 124.60 points or 0.56% to finish at 22,147.90, while the BSE Sensex slumped 456.10 points or 0.62% to finish at 72,943.68.

Key things to know before share market opens on April 18, 2024

Wall Street

Will Nifty reclaim 24,900 on Thursday? See GIFT Nifty, FII data, F&O, crude, and more before market opens<…

Stocks To watch- TCS, Infosys, Polycab, LIC, Tata Power, UltraTech Cement, M&M, Container Corp

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Friday. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: GIFT Nifty traded up by 21 points or 0.10% at 21,715. indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 gained 28.50 points or 0.13% to settle at 21,647.20, while the BSE Sensex ended higher by 63.47 points or 0.09% to 71,721.18.

“Nifty faced selling pressure within the 21700-21750 range, yet found stability as it held above its 10-day moving average, concluding the session with a positive close. Presently, Nifty’s immediate support has shifted to 21600, while 21730 serves as a resistance level on the technical chart. The broader positional support for Nifty remains at 21500,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities. 

US markets closed higher on hopes of interest rate cuts; Read to know more

US markets closed at record highs as markets cheered forthcoming interest rate cuts on Tuesday.

The equity index, the Dow Jones Industrial Average, rose to a new high, surging 742.76 points or 1.85% to close at 40,954.48. 

The S&P 500 advanced 0.64% to close the session at 5,667.20. The Nasdaq Composite rose 0.2% to end the day at 18,509.34.

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Will Nifty trade above 22,650 after positive global cues, or consolidate ahead- See GIFT Nifty, FII data, F&O ban, crude, more before market opens

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Monday. Here is all you need to know before the market opens.

 GIFT Nifty traded up by just 112 points or 0.50% at 22,693 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 ended down by 172.35 points or 0.76% to settle at 22,475.85 while the BSE plunged 732.96 points or 0.98% to 73,878.15.

“Once again, the markets experienced significant volatility, ending the day with a loss of nearly one percent. Despite a positive start driven by strong global cues, profit-taking in heavyweight stocks not only wiped out early gains but also pushed the index into negative territory. Ultimately, the Nifty settled around the 22,456.65 mark, down by 0.85%.  Major sectors such as auto, IT, and realty were among the primary losers. Additionally, broader indices also saw a decline …

Lindsay Lohan Accused by SEC of Illegally Touting Crypto Token

The U.S. Securities and Exchange Commission sued crypto mogul Justin Sun for allegedly violating securities rules, and said eight celebrities including Lindsay Lohan and the artist known as Soulja Boy illegally touted tokens.

Lohan and Soulja Boy, whose real name is DeAndre Cortez Way, illegally promoted the tokens — Tronix and/or BitTorrent — without disclosing compensation, the SEC alleged. Most of the celebrities agreed to pay a total of more than $400,000 to settle the allegations, without admitting or denying the SEC’s findings, the agency said in a statement. The only two that didn’t were Soulja Boy and singer-songwriter Austin Mahone.

Lohan didn’t immediately respond to requests for comment by phone or email. The attorneys representing Cortez Way and Mahone declined to comment.

The lawsuit, filed on Wednesday in federal court in New York, alleges that Sun worked with companies he owns and controls – the Tron Foundation, Bi…

Costco Sells Emergency Bucket of Food

If you want to be prepared for any situation, whether that be an extreme weather event or a doomsday scenario, Costco has you covered—the retailer is selling an emergency bucket of food that has a shelf life of up to 25 years.

The Readywise Emergency Food Bucket has a total of 150 servings of freeze-dried foods, dehydrated foods, and drinks. Currently selling for $79.99 at the wholesale retailer, the bucket includes meals like pasta alfredo, cheesy macaroni and chicken noodle soup, among others. It even includes some gluten-free options, like teriyaki rice and tomato basil soup with pasta.

“This meticulously curated package goes beyond just food—it’s about readiness in the face of uncertainty,” according to the product description on Costco’s website. 

“In a world where unpredictability has become a constant, our assortment takes on a vital role in emergency preparedness,” the product description continued. “Imagine the sudden onset of severe…

Yellen- Treasury ‘Not Involved’ in Planning With Investors for Default

Treasury Secretary Janet Yellen said on Wednesday that the Treasury Department was not currently talking to investors about what would happen if a deal on the debt ceiling isn’t reached and the U.S. defaults, affirming her belief that an agreement is possible and emphasizing the necessity for a resolution by the June 1 deadline.

“We are committed to not having missed payments and raising the debt ceiling,” she said while speaking at The Wall Street Journal’s CEO Council Summit via video link. She said the Treasury Department is not currently in conversations with investors about what might happen if the U.S. does miss payments. “We’re not involved in planning for what happens if there’s a default.”

Read More: What to Know About the History of the Debt Ceiling

As President Joe Biden and Speaker of the House Kevin McCarthy continue negotiations over raising the federal debt ceiling, Yell…