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Stock Market Live Updates 26 December 2023: Sensex, Nifty trade flat amid global signals; analysts forecast volatile week thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
As many as 41 stocks in the Nifty 50 index delivered a positive return to investors in the passing week. With a gain of (10.3 per cent), HDFC Life Insurance company emerged as the top gainer in the index. ....
Over the past couple of weeks, the Indian equity market has been on a roll. It has not only managed to take out a double top resistance at 15,431, but also closed at a new lifetime high of 15,670. The extent of the buoyancy has been such that Nifty has accumulated nearly 1,000 points of gains in just three weeks. The volatility, as represented by INDIA VIX, has fallen another 8.40% and the index currently stands at 15.9400. This is by far its lowest level in recent months. This low point was seen previously only in February 2020. The Volatility Index and Nifty50 always share an inverse relationship with each other. So, with the current low levels of the Volatility Index, it would be interesting to see what insights it throws up in the current technical setup. ....
While legendary investor Jim Rogers believes that commodities remain one of the cheapest asset classes right now despite a considerable run-up in prices, he warns of a correction in the short-term. ....
Trade Setup: Nifty may make a technical pullback on Monday; stay away from high beta stocks SECTIONS Trade Setup: Nifty may make a technical pullback on Monday; stay away from high beta stocksBy Share Synopsis Monday s session is likely to have a tepid start to the day. The levels of 14,680 and 14,735 will act as immediate resistance points, while support will come in at 14,550 and 14,480 levels. Getty Images The pattern analysis shows that the index was very much within the falling channel formed after marking the high point at 15,431. Nifty is once again between its 50-, and 100-DMA at 14,782 and 14,459, respectively. ....