I couldn't have been more wrong last fortnight, as Santa played truant. I had expected the markets to soar, as the Nifty had 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 2,3813 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 Pune.
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Esta historia es de la edición December 30, 2024 de Financial Express Pune.
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Bajaj Auto's EV charge
LAUNCH OF MASS MARKET SCOOTERS PAYS OFF
Special category visa for foreign students
INDIA HAS LAUNCHED two special category visa for international students intending to pursue higher education in academic institutions in the country.
Stars who couldn't walk the talk
IN THE END, just one Indian could get on top of the dias at the presentation ceremony of Border-Gavaskar Trophy (BGT). Jasprit Bumrah, the captain and the man of the series.
Indian-origin IT companies corner a fifth of H-1B visas
INDIAN-ORIGIN TECH COMPANIES cornered a fifth of all H-1B visas issued by the US with Infosys and Tata Consultancy Services (TCS) leading the pack, an analysis of data from the US immigration department showed.
No need to run an air purifier and room heater at the same time
● It heats in winter and purifies indoor air all year round
A win-win solution
● Platform becomes match-maker for India Inc & startups
Track kids' location in real-time
● A 4G smartwatch with large display and GPS tracking
A handy tool to make your voice louder
● Simple plug and play design adds to its ease of use
Man magnet: Is this the most handsome bike in India?
Those twin parking lights that look like jet engines of Messerschmitt Me 262, that calligraphy on the sides where it says 'Goan Classic', those whitewall tyres, and those raised handlebars... if all this isn't art on wheels, what is?
Readying talent for the AI era
● GenAI industry to add 1 million new jobs by 2028
