Indian markets are likely to continue to be in a consolidation phase after opening in the red on May 8, as the Street worries about lower voter turnout, and confronts the possibility of a weaker NDA win.At 9.25 am, BSE Sensex was down 100 points, or 0.1 percent at 73,407, while NSE Nifty 50 was down 24 points at 22,278.“There is a bias of profit-taking in the market for the next few trading sess...

The bearish trend in Bank Nifty persisted on May 8, the weekly expiry day, with the index falling 149 points to 48,136, at around 9:50 am, trading very close to its technical support levels. Traders suggest selling call options ahead of today’s weekly expiry, considering the derivatives data, which shows limited upside possibility.The support for the Bank Nifty index is seen in the 47,900-48,000...

Sensex and Nifty 50 extended losses on May 7 amid selling pressure across sectoral indices and in the broader market.Barring Nifty FMCG, all major sectoral indices were in the red with the Nifty Metal index falling 2.7 percent, dragged down by Tata Steel and Hindalco.In the broader market, BSE Midcap was down 1.8 percent and BSE Smallcap was down 1.6 percent.India's VIX rose 4 percent to 17. The v...

Volatility index VIX rose to 17 on May 7, entering a crucial resistance zone of 16.5 to 17 as Lok Sabha elections entered into the third phase of voting. Experts said a decisive close above this range could mean the market is getting increasingly nervous as elections progress.India VIX has been climbing since April 24, marking its eighth consecutive day of increases on May 6. Reaching 17 marks the...

CarTrade Tech shares surged over 9 percent, extending the previous session's handsome gains. The 18 percent sharp spike in two days comes after the company on May 6 reported a net profit jump of 50 percent to Rs 22.5 crore for the quarter ended March 2024.The company's revenue surged 51 percent YoY to Rs 145.27 crore, largely helped by OLX’s classifieds business.CarTrade Tech operates an automot...