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Infosys, Tech Mahindra, TCS and other IT stocks jump up to 5%. What’s driving the rally?
Indian IT stocks rose sharply on Monday, lifting the Nifty IT index nearly 3%, as investors reassessed AI-related fears, attracted by attractive valuations and upbeat sector outlooks. Optimism around potential US rate cuts and positive technical signals further fuelled buying in Infosys, Tech Mahindra, TCS and other IT majors.
Groww Nifty Private Bank Share Price | NSE:GOWF ETF - Investing.com India
Groww Nifty Private Bank Share Price | NSE:GOWF ETFInvesting.com India
GOWF Stock Price | Groww Nifty Private Bank ETF - Investing.com
GOWF Stock Price | Groww Nifty Private Bank ETFInvesting.com
Nifty Bank rises 650 points as report says RBI unlikely to hike rates to defend rupee; Axis, ICICI, HDFC shares jump up to 2%
Indian bank stocks surged on Friday morning. This followed a report indicating the Reserve Bank of India is not planning interest rate hikes to counter the rupee's decline. The RBI is reportedly focusing on inflation as the primary driver for its monetary policy decisions. Other measures are being considered in coordination with the government.
INR rebounds well from historic lows as oil retreats from elevated levels; geopolitical risk and oil price sensitivity to cap upside
The Indian rupee rebounded 49 paise from its all-time closing low to settle at 96.37 against the US dollar on Thursday after crude oil prices retreated from elevated levels amid signs of easing geopolitical friction, alongside likely central bank intervention. Rupee had gained after the recent geopolitical developments, but investors are still gauging the geopolitical risk and oil price sensitivity in the background. The one-year forward market rate for the rupee touched the crucial 100/USD mark on Wednesday, indicating that currency markets are pricing in a weakening bias for the USD/INR pair over the next 12 months. Meanwhile, The Nifty 50 settled at 23,654.70 (down 4.30 points or 0.02%), while the BSE Sensex closed at 75,183.36 (down 135.03 points or 0.18%). The dollar index rose above 99.2 on Thursday, approaching again April-highs, as markets continued to track developments in the Middle East.
Sensex, Nifty end lower amid weak global cues
The key equity indices ended marginally lower on Thursday as reports of possible RBI intervention to defend the rupee unnerved investors. Reports indicated that the Reserve Bank of India is considering a range of measures to stabilise the currency, including a rate hike, additional currency swaps and raising dollars from overseas investors. Persistent FII selling and profit booking at elevated valuations further weighed on sentiment, while weak global cues added to the pressure. The Nifty slipped below the 23,700 mark, dragged down by steep losses in IT and FMCG stocks.
Trade Setup for May 21: Nifty looks to RIL for support to break past the 'liquid oxygen' situation
For the Nifty, the 20-Day Exponential Moving Average (DEMA) and the 50-DEMA are in a bearish crossover, while the momentum indicators are also in a bearish crossover, according to Rupak De of LKP Securities.
Gold, Silver Rates Today LIVE: MCX gold rate above ₹1.62 lakh, silver prices jump over 6% after import duty hike
Gold, Silver Rates Today LIVE: Strong domestic investment demand for gold persisted. Indian gold ETF inflows jumped 186% YoY to a record 20 metric tons in the March quarter.
Market Trading Guide: Buy Nippon Life, Bharat Dynamics on Friday for gains up to 14%
Nifty ended marginally lower despite showing a consolidation breakout and improving technical indicators. Analysts expect bullish momentum to continue with upside potential in the near term. Nippon Life India Asset Management and Bharat Dynamics were highlighted as attractive trading opportunities based on strong chart patterns.
Ruchit Jain of Motilal Oswal suggests Granules India, Nippon Life, and SRF shares to buy for the short term
The Nifty 50 and Sensex increased on May 6, supported by a government credit guarantee scheme for businesses. Investor sentiment improved due to positive earnings reports and falling oil prices, suggesting resilience in markets despite recent challenges.
Zerodha Nifty Smallcap 100 Share Price | NSE:ZERI ETF - Investing.com India
Zerodha Nifty Smallcap 100 Share Price | NSE:ZERI ETFInvesting.com India
Zerodha Nifty Smallcap 100 Share Price | NSE:ZERI ETF - Investing.com India
Zerodha Nifty Smallcap 100 Share Price | NSE:ZERI ETFInvesting.com India