Equity benchmarks gained strength in late trade after consolidation and closed 0.24 percent higher on the Nifty 50 on July 8, but the market breadth was negative. A total of 1,452 shares declined, compared to 1,192 shares that advanced on the NSE. The consolidation and rangebound trading may continue until the frontline indices decisively surpass the recent swing high. Below are some short-term tr...

The market showed a significant recovery from the day's low and closed flat with a positive bias on the Nifty 50 on March 11, but the bears continued to dominate the breadth. A total of 1,783 shares declined compared to 856 advancing shares on the NSE. The benchmark indices are expected to consolidate further until a decisive close above short-term moving averages. Below are some trading ideas for...

Indian share market is likely to open in the red on Wednesday amid weak global cues. SGX Nifty hinted at a negative start for benchmark indices BSE Sensex and NSE Nifty 50 as Nifty futures traded 23 points, or 0.13% lower at 17,585 on the Singapore Exchange. “Markets witnessed a swift rebound and gained half a percent, taking a breather after the recent dip. The recovery indicates that bulls are...

Reliance Industries, ONGC, Oil India, Chennai Petroleum Corporation, and other oil refining companies share prices rallied up to 11 per cent on Wednesday, after the government slashed windfall tax on domestic crude oil production by 27 per cent to Rs 17,000/tonne. RIL share price jumped 4.3 per cent to Rs 2545.05 apiece, ONGC added 5 per cent to Rs 136.40 apiece, Indian Oil Corporation gained 1.6 ...