Sahil Shah of Equirus Asset Management does not foresee significant earnings downgrades for Q1FY26, particularly for domestic-facing sectors….Read More
LIC Housing Finance, PB Fintech, Abbott India, Allied Blenders and Distillers, Balrampur Chini Mills, CESC, Crompton Greaves Consumer Electricals, Endurance Technologies, Gujarat Mineral Development Corporation, Godfrey Phillips India, Godrej Industries, G R Infraprojects, INOX India, ITC Hotels, JSW Energy, Kaynes Technology India, Medi Assist Healthcare Services, NCC, Patanjali Foods, Tube Investments of India, Websol Energy System, and Welspun Enterprises will announce their March quarter earnings on May 15.
The Nifty traded within a narrow range today, following two days of high volatile moves. The short-term trend remains positive, as the index continues to remain above critical moving average. After a sharp rally, this sideways movement appears to be a healthy consolidation, suggesting the market is catching its breath before the next move.
As long as the index stays above the crucial support level of 24,400, the bulls are likely to maintain their grip. In the near term, the index might move towards the 24,850–25,000 range. However, a drop below 24,400 could delay this upward trajectory and lead to further consolidation.
Given the supportive technical indicators, with the Nifty 50 trading well above all key moving averages, the bulls are likely to gradually drive the Nifty 50 toward the 24,800–25,000 zone in the upcoming sessions, as long as the index defends the crucial support zone at 24,380. The immediate support is placed at 24,500, according to experts….Read More
Given the supportive technical indicators, with the Nifty 50 trading well above all key moving averages, the bulls are likely to gradually drive the Nifty 50 toward the 24,800–25,000 zone in the upcoming sessions, as long as the index defends the crucial support zone at 24,380. The immediate support is placed at 24,500, according to experts….Read More
The dollar wobbled on Thursday in a turbulent week that saw investor relief at the U.S.-China tariff truce give way to a cautious mood amid uncertainty over the shape of various trade deals, while the South Korean won steadied after sharp moves.
The Asian currency was volatile overnight as investors weighed the news that officials from South Korea and the U.S. met last week to discuss the dollar/won exchange rate.
The won was last at 1,410.70 per U.S. dollar after a 0.6% rise in the previous session. The Mexican peso was last at 19.38 per dollar, hovering near the seven-month high it scaled in the previous session.
The Japanese yen strengthened a bit to 146.48 per dollar but remained close to the one-month low of 148.65 touched earlier this week.
The dollar index, which measures the U.S. unit against six other currencies, was steady at 101, on course for the fourth straight week of gains.
Stocks in Asia fell on Thursday for the first time in five sessions as the rally on Wall Street sparked by US-China trade talks showed signs of exhaustion.
Trends on GIFT Nifty indicate a flat to positive start for the broader index in India, with a gain of 25.5 points or 0.10 percent. The Nifty futures were trading around 24,740 level.
The S&P 500 closed slightly higher after flitting between gains and losses during Wednesday’s lackluster session as investors waited for the next batch of economic data after a robust start to the week spurred by soft inflation data and a U.S.-China tariff truce.
Fed Chair Jerome Powell is slated to speak on Thursday, and his comments will be closely watched for clues on how the central bank plans to proceed with monetary policy easing.
The Dow Jones Industrial Average fell 89.37 points, or 0.21%, to 42,051.06 and its biggest losers were drug companies Merck & Co, down 4%, and Amgen, which finished down 3%.
The S&P 500 gained 6.03 points, or 0.10%, to 5,892.58. This added slightly to its year-to-date gain after closing higher for the year on Tuesday for the first time since February 28. The benchmark is still about 4% below its Feb. 19 record closing high, for its sixth straight day of gains.
The Foreign institutional investors (FIIs) bought equities worth Rs 931 crore on May 14, while Domestic institutional investors (DIIs) purchased equities of Rs 316 crore on the same day….Read More
#1 Asian markets fall as investors assess US-China trade developments
#2 GIFT Nifty signals mildly higher open
#3 S&P 500 gains for third day; Nasdaq up for sixth day
# European markets ended lower
#5 US 10-year yield added 3.7 bps to 4.5%
#6 USD index up 0.06% to 101
#7 Gold prices fall to almost 5-week low as trade optimism rises
#8 Oil falls after US crude inventories rise
Indian benchmark indices failed to build on the opening gains to end marginally higher in the highly volatile market on May 14 with banking stocks remained under pressure, while IT, media, metal, realty provided support at the lower levels.
At close, the Sensex was up 182.34 points or 0.22 percent at 81,330.56, and the Nifty was up 88.55 points or 0.36 percent at 24,666.90.
Tata Steel, Shriram Finance, Bharat Electronics, Hindalco Industries, Eternal were among major gainers on the Nifty, while losers included Asian Paints, Cipla, Tata Motors, Kotak Mahindra Bank, NTPC.
Broader indices outperformed the main indices with BSE Midcap index rising 1 percent and Smallcap index rose 1.6 percent.
Among sectors, except bank, all other sectoral indices ended in the green with realty, oil & gas, telecom, media, IT and metal indices rising 1-2.5 percent.
Rule #1: Don’t lose money. Rule #2: Don’t forget Rule #1.