● From Price Action Perspective: Weaker set of quarterly numbers from HDFCBANK, in addition to sharp spike in Dollar Index, has led to selling pressure on Bank Nifty, which ended 4.3% negative for the day. Nifty outperformed by falling 2.09% as the IT sector supported the index to an extent. Extensive Delivery based selling pressure … Read more
After a strong surge on Monday, December 4, shares of Adani Group stocks extended their gains on Tuesday, December 5, after a Bloomberg report stated that the US had examined Hindenburg allegations before giving a loan to the Group and found that they weren’t relevant. “The US government concluded that short-seller Hindenburg Research’s allegations of … Read more
Stock Market news: The Indian stock market is set for a muted opening on Monday amid mixed cues from global peers. The NSE IX’s GIFT Nifty moved 7.5 points, or 0.04%, muted at 19,930.50. Asian equities were trading lower amid a lack of favourable cues, while the US stock market closed higher on Friday due … Read more