Technical analysts note that Nifty faces resistance around the 25,600-25,620 levels and recommend a “Sell on Rise” strategy unless the index breaks above 25,620
India equities shine in 3 months post US rate cuts, and in over 3-year periods (20-09-2024)
India’s stock market has historically performed well within three months and over three years following the US Federal Reserve’s rate-cut cycles. However, performance six months to one year after the rate cut has been less impressive. Analysts suggest that improved global sentiment could boost Indian markets in the short term.
Strong demand for Northern Arc, Arkade, Western Carriers IPOs (20-09-2024)
Three IPOs, Northern Arc Capital, Western Carriers India, and Arkade Developers, closed for subscription on Thursday with strong investor interest. Northern Arc Capital’s ₹777-crore IPO was subscribed 110.91 times, Arkade Developers’ ₹410-crore IPO was subscribed 106.83 times, and Western Carriers India’s ₹493-crore IPO was subscribed 30.57 times.
Stock Market LIVE Updates: Benchmarks hit fresh record high; Sensex tops 84,000, Nifty tests 25,700 (20-09-2024)
Stock Market LIVE Updates: Indian equity benchmark indices opened higher on Friday, led by overnight gains on the Wall Street, which was also driving other Asian markets higher.
ET Explainer: How Fed’s more-than-expected rate cut will impact markets (20-09-2024)
The US Federal Reserve has cut interest rates for the first time since March 2020, signaling a shift from monetary tightening to easing. This move is expected to impact global markets, including Indian equities, by potentially attracting foreign investments due to a weaker dollar and lower US bond yields.
MNCs continue to encash lofty valuations at Indian-listed arms (20-09-2024)
Indian subsidiaries outperform foreign parents in revenue growth, profit margins, and market cap even as MNCs face a struggle to expand in low-growth developed markets
D-Street indices ride high on US Fed’s jumbo rate cut (20-09-2024)
But broader local gauges and tech counters tumble
GIFT Nifty signals a positive start for D-Street. Here’s the trading setup for today’s session (20-09-2024)
Domestic equities reacted positively to the US Fed’s 50 bps rate cut, with Nifty reaching new highs above 25600 zones. Although profit booking occurred, the index closed with minor gains. Investors are now focusing on upcoming central bank outcomes from BOJ, BOE, and China. The market is expected to remain range-bound with a positive bias.