New Delhi [India], June 14: The most suitable way to identify a stock's target price is to determine its support and resistance levels. Support and resistance points are specific price points on a chart expected to attract the maximum amount of buying or selling.
Indian stock indices opened higher Friday and hovered around lifetime highs, continuing their uptrend from the previous sessions, primarily due to a moderation in inflation in May - both in India and the US.
Indian stock markets surged to record highs on Thursday driven by favorable inflation data. The BSE Sensex and NSE Nifty soared to new peaks, reaching 77,145 and 23,481 respectively. Notably, the Nifty 50 closed 0.33 per cent higher at 23,398.95, while the Sensex ended 0.27 per cent up at 76
Indian stock indices touched their fresh lifetime highs briefly after the opening bell Thursday, continuing their uptrend from the previous session, primarily due to a moderation in inflation in May - both in India and the US. Other domestic economic parameters too are robust.
After a largely stable Tuesday, Indian stock indices kicked off today's session on a positive note, continuing with the bull run trend of the past several sessions.
Despite the lackluster overall market performance, the Construction, Automobile, and Public Sector Undertaking (PSU) banks sectors were the standout performers.
In a letter to the Securities and Exchange of India Chairperson Madhabi Puri Buch dated June 11, the Trinamool parliamentarian registered his complaint with the regulator, what he termed "stock market manipulation".
Indian stock indices were largely steady at the opening bell Tuesday, with a downward slant. Indices Sensex and Nifty were a shy above their yesterday's closing at the time of filing this report.
The stock indices closed with a marginal dip after both indices touched a time high during Monday's session. The Sensex touched a record high of 77,079 and the Nifty 50 reached 23,411 points. The Nifty 50 concluded with a decline of 0.13 percent at 23,259 and the Sensex declined 0.27 per cen
Indian stock indices continued their uptrend from the past week and opened at fresh record highs at the opening bell Monday, with Prime Minister Narendra Modi and his Union Council of Ministers taking oath to office. A smooth transition in the government formation seemed to have boosted m