Category: Markets

Nifty 50 touched a new all-time high of 20,000, led by strong buying from foreign investors, domestic institutional investors, and retail investors. Analysts believe that the market is overbought and there could be a pullback in the near term, but they are bullish on the long-term trend and expect the index to reach 21,500 in the coming months.

Asian stocks were mixed as investors awaited US inflation data and ECB meeting. Dollar took a breather, yen and yuan strengthened. Oil prices were steady and gold prices held on. The US inflation data is due on Wednesday and is expected to show annualized core inflation falling to 4.3% in August. Investors will be watching for any hints about future policy from the ECB meeting on Thursday

The Nasdaq Composite closed sharply higher on Monday, led by Tesla, Amazon, and Microsoft. Investors are optimistic about artificial intelligence and are looking to August inflation data due later this week for clues about how close the Federal Reserve is to ending its campaign of interest rate hikes.

Indian equity markets hit a record high on September 11, 2023, driven by strong buying across all sectors. Analysts expect the market to continue to rise in the near term, citing strong economic growth and positive earnings outlook as key drivers.

The Indian stock market hit a new record high on September 11, 2023, with the Nifty 50 index crossing the 20,000-mark for the first time. The gains came despite a mixed global trend, with most major markets closing lower. The rally was supported by strong domestic macroeconomic data, a breather in August, and resilient buying from domestic institutional investors.

Sebi has given unitholders of REITs and InvITs the right to nominate directors to the boards of the investment managers of the trusts. The eligibility of the unitholders to nominate directors will be decided based on the unitholding pattern as on September 30, 2023. The investment manager will evaluate the candidate and confirm their eligibility within 10 days of receiving the nomination. If the candidate is found to be eligible, the investment manager will have to appoint them to the board within 30 days.

The Indian stock market is expected to continue its upward momentum in the coming weeks, with the Nifty50 index likely to touch the 20,000 mark. Here are the top 10 trading ideas for the next 3-4 weeks, based on technical analysis.

The Nifty50 index hit a new closing high of 19,996.30 on September 11, 2023, after crossing the psychological 20,000 mark in intraday trade. The index was supported by all sectors, with financials and metals leading the gains. The market is expected to remain positive in the near term, but investors should remain cautious of the risks, such as rising inflation and interest rates, and the ongoing war in Ukraine.

Indian equity benchmarks hit new milestones on Tuesday, with the Nifty 50 index crossing 20,000 points for the first time and the Sensex reclaiming the 67,000 mark. The gains were broad-based, with all 15 sectors of the Nifty ending in the green. The positive sentiment was driven by a number of factors, including the continued growth of the Indian economy, the rising corporate earnings, and the strong foreign investor inflows.

Indian stock markets opened in positive territory on September 11, 2023, amid the mixed global cues. The Nifty hit a seven-week high of 19,800 last week, and analysts believe that the index is likely to march towards the 20,000 milestone in the coming days, provided it holds the 19,700-19,800 support level.