Tech View :: Key levels to watch on Nifty, Bank Nifty
Nifty50 The hourly momentum indicator has triggered a positive crossover which is a buy signal and, thus, we expect the positive momentum to continue over the next few trading sessions. On the upside, the next immediate hurdle is placed at 22,776. The stop-loss for long positions should be trailed at 22,430 levels which is the 20 hour moving average.
Nifty Bank
Going ahead, we expect the momentum to continue and minor degree pullbacks should be used as a buying opportunity. On the upside, the next hurdle is placed at 49,000. Longs should be held with a trialing stoploss at 48,200 which is the 20 hour moving average.
Views by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
3:38 PM
Currency check :: Rupee ends 1 paise weaker vs US dollar
3:37 PM
Broader markets :: Mid, SmallCap indices climb in tandem with benchmarks
3:35 PM
Sectoral trends :: All but Nifty Realty settle higher; PSU Bank index soars nearly 4%
3:34 PM
Sensex Heatmap :: 22 of 30 index stocks surge led by Axis Bank, SBI
3:33 PM
Closing Bell :: Nifty ends above 22,550
3:32 PM
Closing Bell :: Sensex gains over 450 pts after a choppy day
Dalmia Bharat stock update: Dalmia Bharat stock tumbled in Thursday's trade after the company reported 50 per cent drop in Q4 net profit on a YoY basis. READ MORE
2:57 PM
Global check:: US, UK stock futures in red, down up to 0.9%
2:45 PM
To cut costs, Indian tech companies expanding into smaller cities
IT companies are now expanding into smaller cities, in part to tap on workers like Ramachandran, and to capitalise on cheaper land costs, rents and wages. READ MORE
2:33 PM
Hitachi Energy shares hit 52-week high on expansion plans
Venu Nuguri, the managing director and CEO of Hitachi Energy's India unit, disclosed plans to potentially establish a GCC in Hyderabad and Pune within the next six months to a year. READ MORE
2:21 PM
Stock Market LIVE: Sensex at day's high, up 550 pts on all-round buying
2:08 PM
42% small caps delivered negative absolute returns between Dec- March 2024
While the overall stock market went up, large companies significantly outperformed small companies between December 2023 and March 2024. READ MORE
1:55 PM
HUL rebrands Horlicks as 'functional nutritional drink', removes 'health'
Hindustan Unilever (HUL), on Wednesday, rebranded its category formerly known as "health food drinks" to "functional nutritional drinks" (FND) and removed the "health" label from Horlicks, in light of the recent regulatory changes in the health drinks category. READ MORE
Stock market highlights, April 25, 2024: Equity benchmark indices snubbed weak cues from global peers, and staged a smart recovery in Thursday's trading session to end on firm note.
The S&P BSE Sensex opened nearly 300 points lower, and soon hit a low of 73,556 tracking losses in the US futures and Asian peers. The BSE benchmark, thereafter, erased losses and rallied to a high of 74,571 - up over 1,000 points from the day's low led by aggressive buying in band stocks, mainly PSUs.
The Sensex eventually ended the day with a gain of 486 points at 74,339. In the process, BSE index has rallied 1,849 points in the last five straight trading sessions.
The NSE Nifty touched a high of 22,626, and finally settled 156 points higher at 22,559.
SBI hit a fresh all-time high and ended 5.2 per cent higher at Rs 813. Nestle India, Jindal Steel, NTPC, ITC and Sun Pharma were the other major gainers, up over 2 per cent each. HCL Technologies, Mahindra & Mahindra, IndusInd Bank, Bajaj Finserv and ICICI Bank also finished with prominent gains.