View on market: Stay Cautious, be with quality business: Stocks fell and the US dollar held near three-week high on Friday, amid concerns of high inflation and slowing economic growth. Equities declined in Japan, Australia and South Korea. US futures were volatile after incurred losses during market hours.…
NIFTY: Nifty opened at 16474.95 with a gap up of 58 points. The index initially moved lower, filled the gap, and then fall further to record its intraday low at 16293.35.Prices then bounced up very sharply for almost an hour and recovered all the losses that came during…
View on market: Stay Cautious, be with quality business: Stocks were volatile in Asia and bonds fell as stagflation risks persisted. Equities were mixed in Japan and declined in Australia and South Korea. US futures wavered after the Wall Street snapped a two-day rally, as crude oil prices…
Key Highlights: The MPC voted unanimously to increase the policy repo rate by 50 bps to 4.90% Reverse repo rate remains unchanged at 3.35%. Decided to remain focused on withdrawal of accommodation The marginal standing facility (MSF) rate and the Bank rate increased by 50 bps to 5.15…
View on market: Stay Cautious, be with quality business: Stocks in Asia opened steady Tuesday after a jump in Treasury yields capped gains on Wall Street. The yen extended a drop to a 20-year low. Equities in Japan gained as its currency plunged on a widening interest-rate gap.…
NIFTY: Nifty opened at 16469.60 with a gap down of 100 points. The index continued moving lower wit h minor rallies in between which fizzled out quickly and prices have recorded its intraday low at 16347.10.Prices have recorded its intraday high at 16487.25 a few ticks above the…
View on market: Stay Cautious, be with quality business: Stocks in Asia opened steady Tuesday after a jump in Treasury yields capped gains on Wall Street. The yen extended a drop to a 20-year low. Equities in Japan gained as its currency plunged on a widening interest-rate gap.…
NIFTY: Nifty opened at 16530.70 with a gap down of 54 points. The index initially went up but failed to sustain and resume its bearishness to record its intraday low at 16444.55.Prices have found strong support there, bounced up and then started a process of consolidation. The…
Larsen & Toubro Limited is a technology, engineering, construction, manufacturing and financial services company. The Company's segments include Infrastructure, which is engaged in engineering and construction of building and factories; Power, which offers solutions for thermal power plants; Metallurgical & Material Handling, which consists of solutions for ferrous…
NIFTY: Nifty opened at 16761.65 with a big gap up of 133 points. The index initially consolidated for the first 15 minutes of trading and recorded its intraday high at 16793.85.Prices broke on the downside and started drifting downwards. An attempt to recover failed measurably and prices…