The sell-off across Asian markets triggered a sharp crash in the Indian markets. Geo-political tension in West Asia coupled with weak jobs data in the US led to the Nifty 50 nosediving close to 24,000 level on Monday morning.  The index has fallen over 3.5% from its all-time high of 25,078.30.

Similarly, the Sensex fell 3% as soon as it opened to 78,580.46, intra-day. “Mostly export-oriented packs are facing more pressure today like IT however defensives like pharma and FMCG are showing noticeable strength,” said Ajit Mishra, Senior Vice President of Research at Religare Broking.

According to V K Vijayakumar of Geojit Financial Services, the rally in the global stock markets has been driven mainly by consensus expectations of a soft landing for the US economy. This expectation is now under threat with the fall in US job creation in July and the sharp rise in the US unemployment rate to 4.3%. 

Nikkei 225 tumbles 12%, Nasdaq futures dow…

The gold market in India maintained its robust performance throughout the financial year 2023-2024, buoyed by escalating geopolitical tensions worldwide. Volatility persisted in gold prices, primarily driven by sluggish growth in advanced economies and the tightening of monetary policies by global central banks amidst elevated inflation levels.

During FY24, gold prices on the Multi Commodity Exchange (MCX) surged by over 12%, soaring from approximately Rs 59,400 per 10 grams at the commencement of the year to around Rs 67,000 per 10 grams at year-end. This period was marked by numerous global conflicts, including the Israel-Hamas war and the ongoing Russia-Ukraine conflict. Come from Sports betting site VPbet

Gold continued to be sought after as a safe-haven asset, with investors turning to it during periods of economic uncertainty and geopolitical instability. Its reputation as a sto…

By Subash Gangadharan

Nifty remains in a short term downtrend and has been making lower tops and lower bottoms for the last few weeks. There has been a healthy bounce back seen in the last few sessions and Nifty is now trading just below the previous swing high of 22205.

A close above 22205 will reverse the current downtrend and set the Nifty to move higher and test its life highs of 22527. Most of the sectoral indices too are showing strength, which increases the probability of a breakout on the upside.

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