rebounded from the neckline of the inverse Head & Shoulders pattern on December 13 and recorded its highest close since October 21.
The markets took a sharp U-turn for the worse from December 16, continuing to slump each day and losing 1,231 points (4.97%) in the first week of the fortnight. Last week, it recouped 351 points intraday but ended with a gain of 226 points (0.96%). The Nifty at 23,813 is now below all its key averages, be it the 10, 20, 50, 100 or 200 days simple moving average.
There were only four trading sessions last week and all the trading took place in the shadow of the large candle that was made the previous week on December 20.
Esta historia es de la edición December 30, 2024 de Financial Express Delhi.
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Esta historia es de la edición December 30, 2024 de Financial Express Delhi.
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US set to lift curbs on Indian nuclear entities
EYEING DEEPER ENERGY TIES
D-Street catches flu
HEADWINDS FOR MARKETS at the start of the year include higher US 10-year yields and a stronger dollar, the potential imposition of additional US tariffs on Asia-Pacific economies, and elevated economic policy uncertainty and geopolitical risk, Goldman Sachs strategists said in a note while trimming the MSCI Asia Pacific ex-Japan index's target to 620 from 630, as per a Bloomberg report.
Consent manager framework: A key Big Tech concern
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Q-comm boost to gig worker hiring in 2025
THE HIRING BOOM will be driven by the expansion of dark stores, fuelled by new entrants and increased investments from established players.
Eight jawans among 9 killed in Naxal attack
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Banks: Slower loan growth a worry
Asset quality concerns ease
Cautious outlook for auto companies in Q3
● No segment shows growth except tractors
In search of a growth driver
DIFFICULT TO IDENTIFY A SECTOR THAT HAS POTENTIAL TO LIFT ECONOMY TO A HIGHER TRAJECTORY
SBI Cards: Credit costs to improve
● Management strengthens risk assessment measures
Tesla and Waymo should learn from '24 air crashes
If you yearn for a future where you can travel from place to place in safety and comfort, some of the major transport events of 2024 might feel like a setback.
