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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session
Fed Chair Powell's speech in the Jackson Hole Symposium on Friday will be a key event to watch out for.
«Hopes are running high for rate cuts in the September meeting followed by more rate cuts in subsequent meetings. The market thus is likely to consolidate this week,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
Gift Nifty (Earlier SGX Nifty) signals a positive start.
Nifty futures on the Gift Nifty traded 72 pts higher at 24,888.
Tech View
The short term trend of Nifty continues to be positive with range-bound action. The market is now set to challenge another opening down gap resistance of 2nd August around 24960. Hence, one may expect the index to move towards 24960 and 25100 levels in the next one week. Immediate support is placed at 24650 levels, said Nagaraj Shetti of HDFC Securities.
India VIX
India VIX, which is a measure of the fear in the markets, fell 3.53% to settle at 13.33 levels.
Global Markets
- S&P 500 futures were little changed as of 9:32 a.m. Tokyo time
- Hang Seng futures rose 0.8%
- Japan’s Topix rose 0.3%
- Australia’s S&P/ASX 200 rose 0.2%
- Euro Stoxx 50 futures rose 0.2%
Forex News
- The euro was unchanged at $1.1150
- The Japanese yen fell 0.1% to 145.38 per dollar
- The offshore yuan was little changed at 7.1298 per dollar
Oil falls
A sharp sell-off in crude oil paused on Thursday after expectations of a rate cut by the Federal Reserve offset a bunch of weak economic data from the world's two largest
The same topic in other media
Stocks to buy today: SBI, Britannia among top 6 trading ideas for 3 September 2024 economictimes.indiatimes.com / 1 year ago
GIFT Nifty up 25 points; here's the trading setup for today's session economictimes.indiatimes.com / 1 year ago
Nifty eyeing 26,000 in short term, bet on these 3 stocks for the week: Rupak De economictimes.indiatimes.com / 1 year ago
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How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj
Subscribe to enjoy similar stories.Pain is invisible; the sufferer has to make noise for it to be acknowledged, treated or accepted. Mumbai-based artist Koshy Brahmatmaj, 34, lives with chronic endometriosis, a painful condition that afflicts millions of women around the world.
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21.05 / 09:47
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FPIs exit Korea & Taiwan: Is India ready for the flow rotation?
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PI Industries’ weak core business keeps investors on edge
Subscribe to enjoy similar stories.PI Industries stock has fallen 11% over the past two trading sessions as pressure in its custom synthesis and manufacturing (CSM) business persisted. CSM revenues have now declined year-on-year for five consecutive quarters. The segment, which contributed about 75% of the agrochemicals maker’s FY26 revenue of ₹6,714 crore, saw revenue fall 16% year-on-year.Weak demand and customers’ shift to just-in-time procurement continued to weigh on the CSM business, where revenue declined 15% in the March quarter (Q4FY26), though that marked an improvement from the 32% drop in Q3FY26.Management said the global crop-protection market remains stuck in a prolonged multi-year downturn, resulting in an uneven recovery.
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