The Indian stock market closed on a positive note last Friday, with the Nifty 50 and BSE Sensex ending higher. The Nifty 50 crossed the 24,350 mark closing at 24,367.50 a gain of 250.50 points or 1.04%. The Sensex also followed a similar upward trajectory climbing 819.69 points to end at 79,705.91. The Nifty Bank saw a more modest gain rising by 327.80 points to close at 50,484.50 Nifty 50 Index: TradingView Despite the bullish close, the Nifty 50 has shown signs of potential bearish movement. After dropping and closing below its previous higher low at Rs 24,074, the Nifty…

The Indian stock markets witnessed a strong performance on Friday as the Nifty 50 and the BSE Sensex closed on a strong note with both indices registering significant gains. The Nifty 50 index rose by 250.50 points to close at Rs 24,367.50  reflecting a 1.04% increase, Similarly the Sensex surged by 819.69 points closing at Rs 79,705.91 marking a 1.04% gain. Both indices demonstrated a broad-based rally with market participants showing optimism despite recent bearish trends. The Nifty Bank index also contributed positively adding 327.80 points, a 0.65% increase.  This positive close followed a week of mixed performances where the…

The stock market closed on a positive note today with major indices showing substantial gains. The BSE Sensex surged by 819.69 points closing at 79,705.91 while the Nifty 50 gained 250.50 points to end at 24,367.50. The Nifty Bank also saw a significant uptick rising by 327.80 points to close at 50,484.50. This rally was primarily driven by the impressive performances of Eicher Motors Ltd and Mahindra & Mahindra Ltd which were among the top gainers of the day. Nifty 50 Index: TradingView Let’s delve into the technical analysis of these two top stocks and explore the other top performers…

The Indian stock market sees a downturn as the Nifty 50 drops below Rs 24,200, shedding 140.95 points to reach Rs 24,156.55, a 0.58% decline. The Sensex also experiences a notable drop falling by 449.65 points to settle at Rs 79,018.36 which is a 0.57% decrease. In contrast, the Nifty Bank shows a slight positive movement gaining 79.65 points to reach 50,198.65 reflecting a 0.16% increase. Nifty 50 Daily Price Chart: TradingView Technically after the Nifty 50 price dropped and closed below the last higher low at Rs 24,074, the trajectory turned bearish. The Sensex also showed this behavior after…

The stock market is showing strong positive momentum today with the Nifty 50 trading above 24,200 points and the Sensex up by over 650 points. As of the latest update the Nifty 50 is at 24,230.10 up 0.99% or 237.55 points and with a day range of 24,184.90 to 24,337.70 Nifty 50 Index Daily Chart: TradingView The BSE Sensex is trading at 79,237.89 up 0.82% or 644.82 pts and ranging between 79,106.28 and 79,639.20 high so far. The Nifty Bank index is also gaining and currently at 49,954.25 up 0.41% or 205.95 pts. Oil and Natural Gas Corporation is leading…

Indian stock markets experienced a volatile trading session on Tuesday, August 6, 2024 following yesterday’s steep decline. The Sensex dropped 1,259 points from its intraday high before closing 166.33 points lower at 78,593.07. The Nifty 50 index fell below the 24,000 mark ending 63.05 points down at 23,992.55. The Nifty Bank index also saw significant losses closing 343.80 points lower at 49,748.30 Nifty 50 Index Daily Chart: TradingView This downward trend follows Monday’s market crash where both the Sensex and Nifty plummeted by 3% wiping out ₹10 lakh crore of investor wealth. Today’s market movement suggests a potentially bearish trajectory…

Indian stock markets are experiencing a severe crash on Monday, August 5, 2024 with major indices plummeting. The Sensex is crashing 3.08% shedding 2,491.21 points to 78,490.74. The Nifty 50 is reflecting this decline falling 2.98% or 736.90 points to 23,980.80. The banking sector is also hit hard, with Nifty Bank dropping 2.86% or 1,468.45 points tBank dropping 2.86% or 1,468.45 points to 49,881.70. o 49,881.70. 🇮🇳Indian Stock Market today☠️ pic.twitter.com/nCz4xXAKWv — Ajay Kashyap (@EverythingAjay) August 5, 2024 This sharp decline isn’t isolated to India. Global markets are facing a crash, with Japan’s Nikkei 225 plunging 7.93%, leading to a…

The Indian stock market ended the week on a bearish note with both the Nifty 50 and Sensex closing lower on Friday. The Nifty 50 dropped 1.17% or 293.20 points to close at Rs 24,717.70 while the Sensex fell 1.08% or 885.60 points to finish at Rs 80,981.95. For the week, the Nifty 50 shed 0.47% or 117 points and the Sensex lost 0.43% or 350 points Nifty 50 Weekly Index Chart: TradingView Despite the weekly dip the overall market outlook remains bullish. Technicals show the market is still making higher highs regularly. Analysis suggest the bullish trend will continue…

On Friday, August 2, Indian stock markets went down with major indices closing in red. The BSE Sensex plummeted 885.60 points or 1.08% to close at Rs 80,981.95 while the Nifty 50 fell 293.20 points or 1.17% to end at Rs 24,717.70. The Nifty Bank index also declined dropping 213.85 points or 0.41% to Rs 51,350.15 Nifty 50 Index Daily Chart: TradingVew Despite the day’s losses the overall market outlook remains bullish with analysis showing that a bearish trend would only be confirmed if the Nifty 50 closes below 24,074 and the Sensex below 79,223. Q1 FY24-25 results so far…

The Indian stock market faced a significant downturn on Friday. The Sensex shed 885.60 points, or 1.08%, to reach Rs 80,981.95, while the Nifty 50 dropped 293.20 points or 1.17% to Rs 24,717.70. The Nifty Bank index also declined by 213.85 points or 0.41% to Rs 51,350.15. This bearish trend comes amid mixed Q1 results raising concerns about sustaining current market valuations. Nifty 50 Daily Chart: TradingView Despite the day’s losses technical analysis suggests the market remains bullish overall with both indices having broken higher highs recently. The bullish outlook is expected to continue unless the Nifty 50 closes below…