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Buzz in the primary market has been mute for a while. Despite the filing of DRHPs and consistent approvals from the markets watchdog, the companies appear reluctant to float their initial stake sales

NEW DELHI: Nifty50 on Tuesday rose for the sixth straight day. The index failed to capitalise on a gap-up start and remained range-bound before eventually ending up, forming an indecisive candle on the daily scale. There is no sign of reversal though.

New Delhi: Amid positive global cues and sustained buying by FIIs, the domestic equity indices continued its winning streak for the fourth consecutive week. Nifty ended the week 1.73 per cent higher while Sensex added 1.84 per cent.

Indian shares ended flat on Wednesday, as losses in technology stocks offset most of the gains in metals. The 30-share headline indices declined 35.78 points to end at 58,817.29. Its broader peer, Nifty50, also failed to close above the 17,550 mark.

Nifty has been making higher lows from the last seven weeks and supports are gradually shifting higher. It surpassed its immediate hurdle and is holding above its key moving averages which indicates strength in the ongoing trend to cross an immediate resistance trend line.

August has got off to a good start, but evidence is needed to show that this trend is more structural than cyclical

With Nifty scaling past the key hurdle at 17,500 on Monday, bulls are now looking much stronger on Dalal Street. The positive momentum is expected to continue with Nifty eyeing 17,700 – 17,800 zones.

Nifty continued to consolidate below the 17,500 levels on Friday, August 5, 2022, after RBI increased repo rate in line with market expectations. On the sector front, a mixed trend continued wherein IT, FMCG and financials were the gainers while auto, energy and media settled in the red.

Based on the open interest future percentage, a long unwinding was seen in 37 stocks including Bharat Electronics, Bosch, Firstsource Solutions, Ipca Laboratories, and Sun Pharma

Amid mixed cues, the domestic stock market ended Wednesday with a marginal gain. Following the non-stop surge since the last six days, the Nifty is expected to consolidate. Midcap and smallcap indices ended in the red while Nifty IT index ended 1.35 per cent higher.

Based on the open interest future percentage, a short build-up was seen in 65 stocks including Indus Towers, Alkem Laboratories, Chambal Fertilizers, Bosch, and Syngene International

Helped by positive global cues and foreign inflows, the headline indices rose for the fourth consecutive session today. Power, auto and telecom stocks were among the top sectoral gainers while pharma ended in the red. Here's how analysts read the market pulse:

Based on the open interest future percentage, there were 59 stocks including Gujarat Gas, Punjab National Bank, Nippon Life India, Hindalco Industries, and Cholamandalam Investment, in which short-covering was seen.

New Delhi: Benchmark indices surged on Thursday after the US Fed signals that it may go slow on interest rate hikes, following a 75 basis points rate hike overnight. Strong quarterly earnings added to the Street optimism.

Stock Market Today: Trends in SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 195 points on Friday