The Nifty Financial Services Index is currently trading at 23,586.75 and is showing a range-bound pattern on the charts
Jio Financial, Zomato, and Trent could replace LTIMindtree and Divi's Laboratories
RSI Oscillator is sloping upwards and placed above 60 on the daily and weekly chart, suggesting strength in the current up move, says HDFC Securities
The NSE Nifty crossed the 23,700 level for the first-time ever; while the Nifty Bank index zoomed past 52,700 levels.
The Nifty Financial Services Index is currently trading at 23,071.25. The index is displaying a range-bound pattern on the charts, with a defined range between 23,200 and 22,800
Long build up is seen in the Bank Nifty Futures, where Open Interest rose by 7 per cent(Prov) with Nifty rising by 0.75 per cent
The Nifty Bank Index is currently trading at 50,440.90. In the near term, the index has reached its resistance level of 50,600
Stock Market LIVE on June 04: As of 11:30 AM, Narendra Modi-led BJP was seen leading in 237 seats, and Congress was seen with 98 seats, as per Election Commission of India
Public-sector undertaking (PSU) banks were among biggest gainers on Monday, leading to a 8.4 per cent rise in the Nifty PSU Bank index, a index of only government-owned lenders
Surpassing the 50,000-mark for the very first time, the index's ascent can also be attributed to robust Q4 GDP figures, and S&P recent upgradation of India's rating to positive
Longest losing streak since October
The bank's net interest income (NII), which is the difference between interest earned and interest expended, fell 3 per cent to Rs 834 crore in Q4FY24, from Rs 860 crore in Q4FY23
Nandish Shah of HDFC Securities recommends to Buy Bank Nifty 47,500 Put at Rs 546 and simultaneously sell 47,000 put at Rs 360 for May 22 Expiry
The Nifty Financial Services Index is currently priced at 21,743.70 and is exhibiting notable support and resistance levels in the near term
Nifty Bank strategy: On the downside, support levels are expected to be around 48,800 and 48,600 for the Nifty Bank index, charts show
The Nifty Private Banks Index, currently trading at 24,395.25, is displaying indications of a correction in the near term
Trading strategy for Nifty50: The recommended trading strategy aligns with selling on upward movements
Technical indicators such as RSI, Stochastic, and MACD are signaling an overbought condition on near-term charts for the Nifty50, says Ravi Nathani
The Securities and Appellate Tribunal (SAT) is waiting for the appointment of a new judicial member as presiding officer
Following the sharp rise in the markets, most positives have been priced in, say experts