By Anand James July series ended with Nifty rollovers at 84%, marking the highest level recorded in the past year and a half. The Auto, Capital Goods, Energy, Oil & Gas, Pharma, Realty and Telecom sectors experienced significant increase in long positions. Meanwhile, the Media sector saw short covering. In the Chemical sector, all its […]
Day: May 2, 2023
Nifty fails to hold above 19,400, Sensex too ends off high; FMCG, Tech see sharp decline, banks under pressureNifty fails to hold above 19,400, Sensex too ends off high; FMCG, Tech see sharp decline, banks under pressure
Benchmark Indices Nifty 50 and Sensex ended Thursday’s session in the red. The NSE Nifty 50 slipped below the crucial 19,400 mark, off intra-day highs and the Sensex slipped 388.40 points to 65,151.01. FMCG, Oil & Gas and tech stocks were under pressure while select infra counters saw steady gains. The top gainers on the […]
Rupee hits 11-month low on China, oil concernsRupee hits 11-month low on China, oil concerns
The rupee fell to its lowest in nearly 11 months during intra-day trade on Wednesday, owing to a rally in oil prices and weakness in peer currencies, including the Chinese yuan. “USD-INR spot closed at 83.14 to hit its lowest levels in 11 months on the back relentless demand from oil marketing companies and speculative […]