The Indian rupee hit a new low against the US dollar. This happened after data revealed India paid a high premium for crude oil imports. Refiners and companies bought dollars to meet commitments. The Reserve Bank of India defended a key level but eventually allowed the rupee to fall. Further weakening is expected if oil...Read More

The Indian rupee is facing a significant downturn, exacerbated by rising crude oil prices due to geopolitical tensions linked to the Iran conflict. Analysts suggest the currency could weaken to around 95 against the US dollar, with a move towards 100 being a tail risk in a severe escalation scenario.Read More

Indian stock markets experienced a sharp crash on Thursday morning. The Sensex plunged over 1,900 points and Nifty 50 fell below 23,200. Soaring crude oil prices and hawkish comments from the US Federal Reserve were key factors. This selloff wiped out significant market capitalization. Major companies saw substantial losses. Sectoral indices also opened in the...Read More

U.S. crude futures rose more than 3% to $99.39 per barrel. Natural gas prices climbed over 5%, while Brent crude touched $111.19 in early trade and extended gains by another 4% this morning to $112 per barrel, moving closer to the initial war peak of $120.Read More

HDFC Bank faces potential selling pressure as its part-time Chairman, Atanu Chakraborty, resigned citing ethical concerns over recent bank practices. Keki Mistry has been appointed interim chairman. Chakraborty’s departure follows a period of significant events, including the merger with HDFC, which has yet to fully yield benefits.Read More

On March 18, three large-cap stocks appeared in the White Marubozu bullish scan on StockEdge. This candlestick pattern indicates strong buying interest, with prices opening at the low and closing at the high. Traders often view it as a signal of sustained momentum and potential continuation of an uptrend.Read More

NSE BSE Holiday Today: Even as the country celebrates Gudi Padwa today, there will be no market holiday and stock exchanges BSE and the NSE will open for trading at the usual time.Read More

The Japanese yen is nearing a two-year low against a strong dollar. Markets are watching the Bank of Japan’s policy decision amidst inflation risks and slowing growth. The US Federal Reserve held rates, projecting higher inflation. Oil prices surged following attacks in the Middle East. Other major central banks also meet today.Read More

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As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be in an overall uptrend.Read More