Bears took control in the last one-hour of the trading session as the S&P BSE Sensex started correcting from its intraday high of 39,083 to close at 38,144, wiping out 939 points in the process. The Nifty50 broke below 11,200 but found support near 11000. … [Read more...] about Taking Stock: A 1,000-point intraday swing! Sensex closes below 39K, Nifty holds 11,100
When oil price will rise again
Taking Stock: Volatile Friday! Nifty reclaims 9,500; Sensex rallies over 200 points
"Markets have closed on a positive note, after a volatile day of trade, in anticipation of GDP data due out later today. Global cues also were negative, following heightened US-China diplomatic issues, which offset stimulus news and economies opening up," Vinod Nair- Head of Research at Geojit Financial Services said. … [Read more...] about Taking Stock: Volatile Friday! Nifty reclaims 9,500; Sensex rallies over 200 points
India GDP data highlights: Growth falls to 3.1%; agriculture sector grows at 5.9%
The Reserve Bank of India (RBI) recently lowered India's growth forecast for the ongoing fiscal due to the coronavirus crisis. "The GDP growth in 2020-21 is expected to remain in the negative territory with some pick up in the second half," RBI Governor Shaktikanta Das had said last week. … [Read more...] about India GDP data highlights: Growth falls to 3.1%; agriculture sector grows at 5.9%
