Page 46 - Axis Securities News Today

Analysts say rising bond yields and a strong dollar index have dented sentiment towards precious metals. The near-term trend is unfavourable, they add

In his monetary policy speech on Friday, Governor Shaktikanta Das mentioned how global equity markets have corrected in the wake of sovereign bond yields having firmed up and the US dollar appreciating

While major central banks are signalling a peaking of their rate hike cycle, there are indications that the tight monetary policy stance could persist for longer than anticipated earlier

Rupak De, Senior Technical analyst at LKP Securities expects bearish trend to continue in the markets going ahead till the time Nifty stays below 19,500, with initial support likely around 19,330. A fall below this level could take the Nifty towards 19,250-19,200, he opines.

Bajaj Finance share price has gained over 21 per cent in the current calendar year so far, while the equity benchmark Sensex has gained nearly 8 per cent in the same period.

The turbulence in US markets, marked by the Dows year-to-date low and an inverted VIX curve, has cast a shadow of uncertainty over Indias derivative market but analysts are divided. Read on

ICICI Bank, ITC, Ashok Leyland among Axis Securities top stock picks for October.

Sobha formed bullish candlestick pattern with small upper shadow on the daily charts. The stock traded above all key moving averages, and the trading volume on last Friday was above average.

Dalmia Bharat, Axis Securities said, demonstrated a strong breakout from its medium-term "Rounded-Bottom" pattern at the level of Rs 2,280 on the weekly chart in the early September.

The Nifty has been finding support near its 50-days EMA. A slip below 19,767 will confirm the bullish trend reversal, while a 19,492 will resume the down trend, experts have said