Wall Street’s main indexes opened higher on Tuesday, regaining some ground after a selloff in the previous session as investors turned their focus to the start of the third-quarter earnings season and key inflation data later this week.
Posts in category Economic Times
HAL, PNB among 5 stocks with short covering (08-10-2024)
Short covering happens when traders buy back shares they previously sold short, often due to a shift in market sentiment or new information. This usually results in a decrease in open interest and can drive the stock price higher. In Tuesday’s trading session, five stocks saw short covering.
Indian rupee steady at 83.962 vs US Dollar as RBI intervention prevents decline (08-10-2024)
The Indian rupee remained steady at 83.962 per US dollar on Tuesday due to likely Reserve Bank of India interventions, despite pressures from rising dollar index, oil prices, and local equity outflows. Risks of breaching the 84/$1 mark are high amid ongoing economic pressures.
Tech view: Nifty shows signs of bounce back, in process to form double bottom. How to trade tomorrow (08-10-2024)
Nifty shows signs of an upside bounce, forming a double bottom pattern around 24,700 levels. A move above 25,000 could lead to 25,400-25,500 resistance levels. Analysts suggest a ‘buy on dips’ strategy as long as support at 24,690 holds.
Gold retreats from record level amid weak global trend, silver trades flat (08-10-2024)
Gold prices dropped by Rs 400 to Rs 78,300 per 10 grams in the national capital due to fresh selling and a weak global market trend. Silver remained flat at Rs 94,000 per kg. Tensions in the Middle East and US interest rate expectations also contributed to market volatility.
Rs 7.5 lakh crore boom! What BJP’s victory in Haryana means for stock market investors (08-10-2024)
BJP’s retention of control in Haryana boosted the Indian stock markets, with Sensex gaining 585 points. PSU stocks surged, led by HUDCO and RVNL, while Adani Group shares also rallied. Analysts see the victory as a sign of continuity in economic policies, positively impacting investor sentiment.
Share market update: Most active stocks in today’s market in terms of volume (08-10-2024)
The NSE Nifty index closed 217.41 points up at 25013.15
Stock market update: Nifty IT index advances 0.47% (08-10-2024)
The Nifty IT index closed 0.47 per cent up at 42387.55.
Stock market update: FMCG stocks up as market rises (08-10-2024)
The 30-share BSE Sensex closed up 584.81 points at 81634.81
Stock market update: Mining stocks up as market rises (08-10-2024)
The 30-share BSE Sensex closed up 584.81 points at 81634.81