Nifty settled with gains after a Thursday pause, carrying the positive momentum that stayed with markets through the week. The index has been steadily moving higher from the 200-SMA on the hourly chart, confirming an improving environment for a bullish trend. Decoding the charts, Rupak De, Senior Technical Analyst at LKP Securities said the RSI […]
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Saudi Arabia raises Hajj hospitality penalties, tightens compliance rules Saudi Arabia has implemented stricter penalties for hospitality providers in Mecca and Medina during Hajj to enhance pilgrim services. Repeat violations will now incur higher fines, potential closures, and license cancellations, with penalties escalating based on offense frequency and business size. These measures aim to ensure […]
FPIs extend sell-off in April; pull out Rs 48,213 crore from Indian stocks in 10 days
Foreign investors maintained their aggressive sell-off in Indian equities, withdrawing Rs 48,213 crore (USD 5.14 billion) in the first 10 days of April, as rising geopolitical tensions and global macroeconomic uncertainties reduced risk appetite. The sell-off follows a record outflow of Rs 1.17 lakh crore (about USD 12.7 billion) in March, the worst monthly exodus […]
Gold surges as US–Iran ceasefire weakens US dollar and fuels safe haven demand
The recent talks between the United States and Iran post-ceasefire have injected a measure of relief into global markets, but the underlying uncertainty continues to reverberate across commodities and currencies. Gold, the traditional safe-haven asset, has surged following the announcement, climbing sharply as investors hedge against the fragile nature of the truce. The rally reflects […]
Wipro shares jump 3% as board eyes buyback after three years on April 16
Shares of Wipro, one of India’s leading IT firms, rose as much as 3% to their day’s high of Rs 209 on the BSE on Friday after the company said it will consider a share buyback proposal alongside its fourth-quarter results, scheduled for April 16. This development follows a sharp decline in the stock, which […]
Siemens Energy among 5 largecap stocks showing bullish RSI upswing
An uptrend signal is generated when the RSI value crosses above 50 from below. Source link
Eicher Motors shares gain 2% after Royal Enfield-maker launches its first electric motorcycle. What lies ahead?
The shares of Royal Enfield-maker Eicher Motors jumped 2% to Rs 7,311 on the BSE on Friday after the company announced the launch of its first electric motorcycle under its new electric mobility brand named ‘Flying Flea’, with booking beginning from Friday. In an exchange filing released on Thursday, Eicher Motors said that Flying Flea […]
Godfrey Phillips among 5 F&O stocks with a sharp rise in futures open interest
Nine NSE F&O stocks, including Godfrey Phillips and Cochin Shipyard, saw over 15% rise in futures open interest, indicating fresh positions, heightened participation, and strengthening directional sentiment among derivatives traders. Source link
Why stock market rose today? Sensex surges over 900 pts, Nifty tops 24,000. 4 key factors behind Rs 6 lakh crore gains
Indian stock markets rebounded on Friday, with benchmark indices Sensex and Nifty rising more than 1%, supported by improving sentiment on hopes of an Iran–US ceasefire and other positive cues, after a sharp crash seen on Thursday. Sensex jumped around 919 points to close at 77,550, while Nifty 50 gained over 275 points to settle […]
Trent, Adani Power among 10 stocks Morgan Stanley is overweight on. Do you own any?
Global brokerage Morgan Stanley sees a fresh bull run in Indian equities. The firm has an Overweight rating on 10 stocks, including Trent and Adani Power. Morgan Stanley forecasts the Sensex to reach 95,000 by December 2026. This outlook suggests a significant upside for the Indian stock market. Source link