CHOPPY SESSION
Wall Street ends slightly up, trade choppy ahead of inflation data
Strategic investments like Volkswagen's $5 billion in Rivian signal a shift towards sustainable energy. The market anticipates further developments in the electric vehicle sector. Investors carefully analyze such moves, impacting stock performances and sector trends. The market remains dynamic, responding to key catalysts and economic indicators for future insights.
GIFT Nifty down 50 points; here's the trading setup for today's session
"Overall optimism surrounding the Union Budget, increasing FII inflows, and robust domestic economic data contributed towards the positive movement in the market. We expect the ongoing uptrend to continue further," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
GIFT Nifty signals a muted start for D-Street. Here's the trading setup for today's session
Domestic markets hit new highs for the fifth day, with Nifty futures trading higher. Brent crude futures rose, while US West Texas Intermediate crude dropped. The rupee settled lower against the US dollar.
Gift Nifty down 2 points; here's the trading setup for today's session
Gift Nifty: Domestic markets rose after US Fed's rate decision. Nifty futures flat. India VIX up. Asia equities, yen advance pre US jobs data. US stocks gain. Oil prices edge up on OPEC+ cuts, amid Israel-Hamas war.
GIFT Nifty down 50 points; here's the trading setup for today's session
"Despite the bulls maintaining their upward trajectory for the fourth consecutive session, there's a noticeable lack of momentum," said Rajesh Bhosale, Technical Analyst, Angel One.
GIFT Nifty up 70 points; here's the trading setup for today's session
"Earnings have taken centre stage among investors with some of the key heavyweights announcing their numbers this week. Overall we expect the market to maintain its ongoing positive momentum along with stock-specific action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
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GIFT Nifty down 5 points; here's the trading setup for today's session
"In the near term, we expect the market to remain volatile until the Iran-Israel tension eases. US Chair Powell’s speech late today will hold importance with the ongoing uncertain environment," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
GIFT Nifty up 65 points; here's the trading setup for today's session
"It is anticipated that a bullish momentum will prevail in the index, and the rally could further extend to 23,000 levels. Short-term support levels for the Nifty exist at 22,700 and 22,620 levels, while resistance stands at 22,800 and 22,900 levels," said Asit C, Mehta Investment.
GIFT Nifty down 10 points; here's the trading setup for today's session
"The broader market could remain under pressure given the profit booking and adverse advance-decline ratio. Hence we suggest traders be very selective in mid/small caps," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
GIFT Nifty down 200 points; here's the trading setup for today's session
"Going ahead Nifty is expected to remain in the broader range given the lack of positive triggers globally and mixed set of domestic Q3 earnings which too is unable to provide any support," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Tech View: Nifty trend remains choppy in short term. What traders should do on Wednesday
The short-term trend of Nifty remains choppy with alternative candle formations like bull and bear. A sustainable move above the immediate resistance of 21,800-21,850 levels can open a sharp upside towards another resistance of 22,000-22,100 levels in the near term, said Nagaraj Shetti of HDFC Securities.
Rupee hits two-week high, forward premiums choppy; volumes improve
The Indian rupee reached a two-week high, aided by dollar sales by a UK-headquartered bank, while forward premiums were off their highs following the presentation of the budget earlier in the day.
Oil dips in choppy trade amid China economic concerns, Middle East tensions
Oil prices dipped on Monday in choppy trade as China's ailing property sector sparked demand worries, while rising tensions over the weekend in the Middle East intensified oil supply concerns.
Pre-market action: Here's the trade setup for today's session
Further, the outcome of the US Federal Reserve's policy meeting is also scheduled on January 31. The ongoing Q3 earnings season will lead to stock specific action, with numerous companies slated to announce their results.
Indices gain 1% on short covering, traders see choppy days ahead
The Nifty rose 215.15 points, or 1.01%, to close at 21,453. The Sensex rose 689 points, or 0.98%, to end at 71,060.
Pre-market action: Here's the trade setup for today's session
"In the holiday truncated week, traders are expected to stay light as earnings season gets into full swing leading to stock specific action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
GIFT Nifty down 65 points; here's the trading setup for today's session
Analysts said the coming weeks will see the direction of the market influenced significantly by the flow of funds from foreign investors.
Gift Nifty flat; here's the trading setup for today's session
"Market may take a breather before the next leg of the rally. Overall, the undertone remains positive over the medium to long term given the return of FIIs, strong macro data and healthy corporate earnings," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Sensex ends marginally lower in choppy trade; Nifty holds 19,800
The 30-share BSE benchmark Sensex declined 5 points to settle at 66,017. The broader NSE Nifty dropped 10 points or 0.05% to end at 19,802. From the Sensex pack, UltraTech Cement, L&T, Bajaj Finance, TCS, and NTPC ended in the red, while IndusInd Bank, JSW Steel, Bharti Airtel, Wipro, and HDFC Bank closed in the green.
Wall Street ends choppy day lower after jobs data
The U.S. added the fewest jobs in 2-1/2 years in June, although persistently strong wage growth pointed to still-tight labor market conditions, U.S. government data showed.
Sensex ends flat after choppy session, Nifty near 16,950
The 30-share BSE benchmark Sensex declined 40 points or 0.07% to settle at 57,613. The broader NSE Nifty dropped 34 points or 0.20% to end at 16,952.
Sensex, Nifty end flat in choppy session ahead of Fed minutes
The 30-share BSE benchmark Sensex declined 19 points or 0.03% to settle at 60,673. The broader NSE Nifty dropped 18 points or 0.10% to end at 17,827.
Sensex, Nifty end flat after choppy session
The 30-share Sensex ended 17 points lower at 60,910, while its broader peer, Nifty 50, ended at 18,100.
Sensex, Nifty end flat after choppy session
The 30-share Sensex ended 21 points higher at 62,258, while its broader peer, Nifty50, ended above the 18,500 mark.
Sensex, Nifty fail to hold intra-day gains, end flat after choppy session
The 30-share Sensex fell 37.70 points to end at 57,107.52. Its broader peer, Nifty50, ended at 17,007.40, down 8.90 points. This was the 5th straight day of losses triggered after the Fed meet the outcome on September 21.
Sensex, Nifty end flat after choppy session; Hindalco surges 4%
The benchmark indices declined 35.78 points to end at 58,817.29. Its broader peer, Nifty50, also failed to close above the 17,550 mark.
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