Donât expect fuel prices to come down below Rs 100/litre soon
Donât expect fuel prices to come down below Rs 100/litre soon
File photo
The rise in fuel prices is expected to continue for some time. Fuel prices have been soaring after a pause during the elections till May 4, when state-owned oil firms ended an 18-day hiatus in rate revision they observed during assembly elections in states like West Bengal.
On Tuesday, (June 1), petrol and diesel were hiked for the second consecutive day reaching new highs across the country. After Tuesdayâs hike, 17th since May, fuel prices are at a fresh all-time high across the country.
Global cues, healthy Q4 results push markets higher (Ld)
By IANS |
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Bombay Stock Exchange. (File Photo: IANS). Image Source: IANS News
Mumbai, April 26 : Positive global cues along with healthy quarterly results pushed the Indian equity markets higher during Monday s mid-afternoon trade session.
Accordingly, the two key indices had a gap up opening in line with positive global cues .
However, they have been trading flat in a range since opening levels.
Besides, marginal profit booking decline in Pharma counters, all other sectors traded in the green out of which banking and realty space outperformed.
Around 2.35 p.m., the S&P BSE Sensex traded at 48,307.73, higher by 429.28 points or 0.90 per cent from its previous close.
BUY IRCTC | TARGET: Rs 1,620 | STOP LOSS: Rs 1,460 The stock was in a consolidation mode for the past two months and, now, it has breached the major neckline on the daily chart. It is likely to make an attempt to fill the gap which is placed at 1,600 levels. The momentum indicator RSI has reversed from oversold territory and MACD has provided a buy crossover on the daily chart which hints of fresh upside momentum in the counter.
BUY BAJFINANCE | TARGET: Rs 5,800 | STOP LOSS: Rs 5,330 The stock has provided a breakout from a double bottom pattern and scaled towards fresh new highs. On the daily time frame, the stock has surpassed the upper band of the Bollinger band which indicates a fresh breakout in the counter. The momentum indicator RSI is showing signs of reversal from the oversold territory and MACD has provided a fresh buy crossover on the hourly chart hints of a further momentum on the higher side.
Here s why Nifty may scale the 15,000-mark sooner than expected
Analysts believe the bull roar in the market will continue and Nifty may scale the milestone of 15,000 by the expiry of the February F&O series. February 03, 2021 / 05:56 PM IST
The Indian market continued witnessing a strong wave of buying for the third consecutive session on February 3 as the equity benchmarks - Sensex and Nifty - hit their fresh 52-week highs in the morning trade.
Sensex jumped over 600 points to hit a fresh all-time high of 50,408.47 while Nifty made a fresh peak at 14,839.80.
Analysts believe the bull roar in the market will continue and Nifty may scale the milestone of 15,000 by the expiry of the February F&O series.