Gold holds steady ahead of Fed decision (18-09-2024)
Gold prices remained steady as the market anticipated a Federal Reserve interest rate cut, the first in over four years. Spot gold slightly increased to $2,572.11 per ounce, while U.S. gold futures rose to $2,598.30. The Fed’s decision is expected later today amid geopolitical tensions involving Hezbollah and Israel.
J&K Assembly Polls: Polling begins for 24 seats in first phase of Assembly elections (18-09-2024)
Polling for the first phase of the Jammu and Kashmir assembly elections began on Wednesday with tight security. Voting is taking place in 24 constituencies, including 16 in Kashmir and 8 in Jammu. A total of 873 candidates are contesting across 90 seats. The second and third phases will be held on September 25 and October 1, respectively, with vote counting scheduled for October 8. This is the first election since Article 370 was abrogated.
Stocks To Watch: Jupiter Wagons, REC, Tata Motors, NTPC, Infosys (18-09-2024)
Stocks to watch today: Hindalco Industries is planning to enter the solar module manufacturing sector with a new plant in Mundra, Gujarat.
Stock Market Live Updates: Sensex, Nifty open weak as investors await Fed rate decision (18-09-2024)
Sensex, Nifty, Share Prices LIVE: Indian benchmark indices Sensex and Nifty opened lower on Wednesday and are expected to remain stable as investors await the U.S. Federal Reserve’s rate decision. The 30-share BSE Sensex fell 89.05 points to 82,990.60, while the NSE Nifty dropped 23 points to 23,395.55 in early trade. Asian markets were also subdued. The Indian indices had previously remained steady near record highs, with cautious sentiment likely to persist until the Fed’s announcement, due after Indian markets close. The Fed is expected to lower rates, but it remains unclear whether the cut will be 25 or 50 basis points. A significant rate cut could attract foreign investment into emerging markets like India, though concerns exist about the Fed potentially delaying easing, impacting economic growth. The Fed’s decision and future policy guidance will influence Indian equities, particularly in relation to foreign inflows and U.S.-dependent sectors like IT and pharma. Institutional investors bought ₹1,357 crore worth of Indian stocks on Tuesday.
J-K Assembly polls: Mock polling begins for first phase (18-09-2024)
Mock polls have been conducted at various polling booths in Jammu and Kashmir ahead of the first phase of Assembly elections. Voting will take place across 24 constituencies on Wednesday, marking the first elections since the abrogation of Article 370 in August 2019. A total of 873 candidates are contesting across 90 constituencies.
Asian stocks rise as traders await Fed decision (18-09-2024)
Japanese shares led regional gains as the yen’s slide on Tuesday boosted the outlook for the nation’s exporters. The dollar bounced in New York following stronger-than-expected retail-sales data. Hong Kong is shut for a holiday, while Chinese stocks listed on mainland markets will resume trading after a break.
GIFT Nifty down 10 points; here’s the trading setup for today’s session (18-09-2024)
Nifty formed a small sideways doji candle resulting in three days of narrow range moves. Nifty is in the process of consolidating ahead of the big event. A breakout of the 25292-25442 band could result in a sharper move in that direction, said Deepak Jasani of HDFC Securities.
Mudit’s Portfolio (Stage Analysis + Price Momentum) (18-09-2024)
@troll Its actually backtest done by NSE from 2005