The Nifty was down over 11% from its record highs of 26,277 through yesterday’s lows in what has been a correction that has been greater than the length of every decline the market has experienced since the troughs seen in Jun’22. Today, the market jumped 2.4% – the biggest such move since June 5
th – in a move that could have upside ramifications.
Stock market indices Sensex and Nifty climbed nearly 1 per cent each in Monday’s trade, broadly in line with rally seen in Asian shares, as China pledged to significantly increase debt, even as it left investors globally guessing on the overall size of the stimulus.
Indian stock markets returned to their winning ways on Tuesday, snapping their 6-day-losing run. The BSE Sensex today gained 584.81 points, or 0.72 per cent, to end at 81,634.8 levels. The Nifty50, too, shut shop at 25,013.15, up 217.38 points or 0.88 per cent as investors digested the Assembly elections results, and dazzling rally in China stocks moderated.
The domestic equity benchmarks traded with major losses in morning trade amid escalating tensions in the Middle East. Israels ongoing attacks on Lebanon have heightened geopolitical uncertainty. The Nifty traded below the 26,000 level. Realty shares extended losses for the two consecutive trading sessions.
Investors are also eyeing a busy week of US economic data, culminating in the November jobs report, which could heavilty influence the Feds decision on interest rate cuts.
Benchmark indices Sensex and Nifty were range-bound in Wednesday’s trade, much in line with Asian peers, as investors globally eye the outcome of the two-day US Federal Reserve’s policy review later today. Analysts are largely betting on a 25 basis points (bps) rate cut, though they do not rule out a bigger 50-bp move. What stock investors would cheer, analysts said, is a small cut with a dovish Fed commentary on future rate cuts.
ट्रेडिंग प्लान: अगस्त 2024 के लिए नवीनतम उपभोक्ता मूल्य सूचकांक (CPI) आंकड़ों से पता चला है कि अमेरिका में वार्षिक मुद्रास्फीति (inflation) दर लगातार पांचवें महीने धीमी होकर 2.5 प्रतिशत हो गई है।
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NBCC India Stocks, NBCC Share Price Updates 28 Aug 2024: Shares of NBCC (India) Ltd closed about 10% higher on Wednesday.
Nifty Outlook: सोमवार को बाजार के स्थिर खुलने की उम्मीद है, जिसमें संभावित प्रतिरोध स्तर 24,700 और 24,850 पर हैं। नीचे की ओर, समर्थन स्तर 24,250 और 24,050 पर होने की उम्मीद है। साप्ताहिक सापेक्ष शक्ति सूचकांक वर्तमान में 69.71 पर है, जो कीमत से किसी भी विचलन के बिना एक तटस्थ बाजार भावना को दर्शाता है। MACD तेजी से बना हुआ है, हालांकि संकीर्ण हिस्टोग्राम सूचकांक की निरंतर वृद्धि के बावजूद ऊपर की ओर गति में मंदी का सुझाव देता है।
बजट से पहले बाजार में सपाट कारोबार, निफ्टी 24,500 के करीब; रियल्टी, ऑटो में खरीदारी