Sensex and Nifty 50 halted a five-day losing streak, advancing by 0.5 percent each in the afternoon, buoyed by positive signals from global markets.The optimism stemmed from a higher-than-expected increase in the latest US weekly jobless claims data, which fueled speculations of an early rate cut by the US Fed.Around noon, the Sensex was up 253 points or 0.4 percent at 72,657 and the Nifty 50 was ...

Indian benchmark indices gained amid volatility on May 10, and were trading up about 0.3 percent around noon. NSE Nifty 50 traded above 22,000, reclaiming the crucial level after the previous session’s loss. Sensex was up about 200 points, though off the day’s high.Nifty options data suggests heavy call writing at 22,350. Analysts said that the range for the coming few sessions could be betwee...

Axis Bank shares have given a breakout on post-Q4 quarterly results last month. On May 10, Axis Bank shares jumped over 1.29 percent to above Rs 1,300.Recently, the stock has corrected along with the overall markets and in that process, it has retested the breakout levels.Jay Thakkar, Head of technical and derivative research at ICICI Securities, suggests taking a bull call spread strategy on Axis...

The Nifty 50 index has been consistently reaching new all-time highs over the past six months. However, in the latest month, it has been trading below its closing prices of the last couple of months, suggesting some profit-taking, possibly due to significant events like the Lok Sabha elections.On the weekly charts, the Nifty has seen consolidation within the range of 21,700 to 22,800 levels since ...

Overall, the sentiment largely remained in favor of bears given the long bearish candlestick pattern formation on the daily charts, breaking down of the lower end of the rising channel and bearishness in momentum indicator RSI (relative strength index at 38 level), though there is some possibility of rebound due to consistent selling pressure since record high levels. If the Nifty manages to rebou...