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.
Denne historien er fra December 30, 2024-utgaven av Financial Express Chennai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra December 30, 2024-utgaven av Financial Express Chennai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
RBI Paves Way for Faster Resolution of Retail NPAs for ARCs
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IndusInd Bank CFO resigns, deputy CEO to take charge
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CHANGE REFLECTS RAPID TECHNOLOGICAL ADVANCEMENTS
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Facebook, X to Do More Against Hate Speech
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Groww Picks Banks for IPO at Up to $8-Billion Valuation
Seizing on the Momentum
Kotak Bank to Maintain Its Margins
Aided by a rate-cut cycle & led by growth in high-yielding assets
'Agentic framework will be the next big leap of AI'
Artificial Intelligence (AI) is rapidly transforming industries, unlocking new possibilities, and challenging traditional business models. Joe Atkinson, chief AI officer at PWC, shares his insights with Raghav Aggarwal on the future of AI applications, its transformative potential across sectors, and the shared responsibility of preparing the workforce for this shift. Excerpts:
