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

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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

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 Indian rupee hit a record low of 92.63 against the US dollar on Wednesday, driven by high crude oil import costs and corporate demand for dollars. Despite RBI’s efforts to defend the 92.50 level, the rupee breached it following the release of oil premium data. Analysts anticipate further weakening if oil prices and geopolitical...Read More

Iran is reportedly considering demanding Chinese yuan for oil shipments through the Strait of Hormuz, a move that could challenge the US dollar’s dominance in global energy trade. This potential de-dollarization strategy aims to bypass sanctions and bolster ties with China, potentially leading to global financial market volatility and impacting India’s crude imports.Read More

Indian markets continued their recovery for a third straight session, with Nifty approaching the 23,800-24,000 resistance zone. Key stocks like Manappuram Finance, Kotak Bank, Nazara Technologies, and United Breweries are in focus due to significant corporate developments, including acquisitions, licensing agreements, and environmental clearances.Read More

Indian equity markets closed strong on March 18, with benchmarks extending their upward trend. Analysts suggest the index holding above Wednesday’s low of 23,618 will pave the way for further gains towards 24,000 and 24,300. Volatility eased as India VIX fell sharply below 20.Read More

Bitcoin retreated from a six-week peak as global markets experienced a risk-off sentiment due to escalating Iran tensions. The cryptocurrency fell approximately 4.5% to $71,200, with Ether and Solana also declining. Rising oil prices are fueling inflation concerns, potentially delaying anticipated interest rate cuts by the Federal Reserve.Read More

UltraTech Cement is set to acquire a significant stake in Sunsure Solarpark Seven. This move aims to secure green energy for UltraTech. The acquisition will help optimize energy costs and meet regulatory demands. The deal is expected to be finalized within 180 days. This strategic investment underscores UltraTech’s commitment to renewable energy.Read More