Technically, Nifty is in a choppy short-term trend, and a decisive move above 24,350 level could bring bulls back into action.
Posts tagged BL
Stock Market Live Updates 9 August 2024: Nifty faces resistance amid global recovery; analysts cautiously bullish (09-08-2024)
Sensex, Nifty, Share Prices LIVE: Indian markets are likely to open on a positive note, buoyed by a strong recovery in global markets. However, Nifty faced resistance at 24,350, leading to a choppy session. Analysts, including Nagaraj Shetti of HDFC Securities, noted that Nifty’s inability to surpass this crucial level suggests a potential for further consolidation or short-term weakness. A decisive move above 24,350 could reignite bullish momentum, but a slide below 23,900 may trigger another correction. Emkay Global remains bullish on Indian equities over the next 2-3 years, citing India’s resilient balance sheet and growth prospects. However, rich valuations could prompt near-term corrections, seen as buying opportunities. The Reserve Bank of India’s status quo on rates was expected, with analysts like Apurva Sheth of SAMCO Securities emphasizing the central bank’s cautious approach amidst global uncertainty. Markets are now looking for fresh triggers, with global and domestic factors likely to drive the next moves.
New F&O rules may impact volumes, benefit Gift City: NSE chief (08-08-2024)
BSE MD & CEO S Ramamurthy said while regulatory changes could impact the existing paradigm, they also provide newer opportunities
Prudent Corporate Advisory Services net up 57% to ₹44 cr (08-08-2024)
Surpasses ₹1 lakh crore AUM goal
Unicommerce IPO received bids for 168 times (08-08-2024)
Brainbees Solutions offer subscribed 12.2x
Ceigall India slips 3.7% on listing day (08-08-2024)
Opens on positive note, but fails to sustain the gains
SEBI levies ₹3 lakh fine on Nippon Life India AMC, trustees (08-08-2024)
The fund house was penalised for non-compliance with expense ratio regulations
Saraswati Saree Depot to use IPO proceeds to fund entry into men’s ethnicwear segment (08-08-2024)
The IPO will open for public subscription on August 12 and will close on August 14
Broker’s call: PB Fintech (Reduce) (08-08-2024)
Keynote Capital