The Nifty’s inability to breach the 200-DMA underscores the prevailing weak sentiment. Immediate support is seen at 23,200, and a breach below this level could trigger further downside. Resistance is placed at 23,550. A decisive move above this level might ignite a market rally.
Posts in category Business Standard
Bitcoin marches towards $100,000 on optimism over Trump crypto plans (21-11-2024)
Bitcoin prices topped $98,000 for the first time during European trading, and were last up around 4 per cent on the day
Tata Power and Asian Development Bank sign MoU (21-11-2024)
To explore financing solutions for ongoing power infra and clean energy projects
NTPC Green Energy IPO subscribed 93% (21-11-2024)
The offer received bids for 54.96 crore shares as against 59.31 crore shares on offer.
INR slips to fresh lifetime low beyond 84.50/$ mark; Weak local equities, dollar strength weighs (21-11-2024)
The Indian rupee depreciated by 8 paise to settle at an all-time low of 84.50 (provisional) against the US dollar on Thursday, dragged down by massive sell-off in domestic equity markets and surging crude oil prices amid a volatile geopolitical situation. At the interbank foreign exchange, the rupee opened at 84.41 and touched the lowest-ever level of 84.51 against the greenback during intra-day. The unit ended the session at 84.50 (provisional) against the dollar, surpassing its previous all-time low closing level of 84.46 recorded on November 14. The domestic equity indices ended with substantial losses on Thursday. the barometer index, S&P BSE Sensex fell 422.59 or 0.54% at 77155.79 while the NIFTY 50 index declined 168.40 points or 0.72% at 23350.10. Meanwhile, the American currency strengthened due to safe-haven appeal amid escalating tension between Russia and Ukraine, while the continuous outflow of foreign funds also put pressure on the domestic unit.
Japanese benchmark Nikkei slips 0.85% (21-11-2024)
Tokyo Gas extended gains with a surge of close to 5 percent. Software business M3 followed with gains of 4.4 percent. Taiheiyo Cement Corp, Yamato Holdings and Ube Industries, all gained more than 3 percent.
China Shanghai composite index edges up slightly (21-11-2024)
China’s Shanghai Composite Index edged up 0.07 percent to finish trading at 3,370.40. The day’s trading ranged between 3,378.52 and 3,348.86. The Shenzhen Component Index edged down 0.07 percent to close at 10,819.88.
Nifty November futures trade at premium (21-11-2024)
NSE India VIX rallied 2.09% to 15.99.
Quick Wrap: Nifty PSU Bank Index declines 2.70% (21-11-2024)
Powered by Capital Market – Live News
Market ends with deep cuts; Nifty settles near 23,350; VIX rallies 2.09% (21-11-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex fell 422.59 points or 0.54% to 77,155.79. The Nifty 50 index declined 168.60 points or 0.72% to 23,349.90.