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Jun 10, 2024
Crude oil prices edge higher as IEA’s Birol talks up China demand outlook

Oil prices inched up in early trade on Monday after falling around 8% last week to more than three-week lows as jitters over major economies outweighed signs of a demand recovery in China, the world’s top oil importer. Brent crude futures crawled up 16 cents, or 0.2%, to $80.10 a barrel at 0022 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 15 cents, also 0.2% higher, to $73.54 a barrel.

Last Friday, WTI and Brent slid 3% after strong U.S. jobs data raised concerns that the Federal Reserve would keep raising interest rates, which in turn boosted the dollar. While recession fears dominated the market last week, on Sunday International Energy Agency (IEA) Executive Director Fatih Birol highlighted that China’s recovery remains a key driver for oil prices.

“If demand goes up very strongly, if the Chinese economy rebounds, then there will be a need, in my view, for the OPEC+ countries to look at their (output) policies,” Birol told Reuters on the sidelines of a conference in India.Price caps on Russian products took effect on Sunday, with the Group of Seven (G7), the European Union and Australia agreeing on caps of $100 per barrel on diesel and other products that trade at a premium to crude, and $45 per barrel for products that trade at a discount, such as fuel oil.

“For the moment, the market expects non-EU countries will increase imports of refined Russian crude, thus creating little disruption to overall supplies,” ANZ analysts said in a client note. “Nevertheless, OPEC’s continued constraint on supply should keep the market tight,” they said.

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May 29, 2024
Stocks to buy: Charts suggest upside for ACC, Maruti Suzuki shares, Nifty support at 16650

By Rohan Patil

Last week was super volatile for the Benchmark index where prices traded in both directions and kept the traders on the sideline without giving any specific direction. Nifty has formed a Doji candlestick pattern on the weekly chart which indicates indecision among the trades.

The immediate support for the Nifty is placed near its 50 WEMA which is placed at 16650 levels and the upper band of the index is capped at 17400 levels if the index is closed above the said levels then the gate for the prices is open till 17700 levels.

Bank Nifty weakness continues

The Bank Nifty continued to trade in negative terrain for the two consecutive weeks and the index closed with a loss of more than three per cent on the weekly chart. Bank Nifty underperforms, down 2.20% as against Nifty losses of 1.28% on the 22nd April session.

The Banking index has formed a bearish island reversal pattern on the daily chart and the gap created on 18th April was felt unfiled and is acting as near-term resistance. The pries closed below its (21, 50 & 100) – day exponential moving averages on the daily time frame and the oscillator RSI (14) has drifted below 50 levels and also facing a strong resistance of a trend line near 60 levels.

The immediate support for the Bank Nifty is placed near 35000 levels and the upper band of the index is capped at 37500 levels if the index is closed above the said levels then the gate for the prices is open till 38200 levels.

ACC: BUYTarget: Rs 2385 | Stop Loss: Rs 2185Return: 5.50%

Over the past two months prices have formed a basing formation and in terms of classic technical stock has formed a bullish inverted head & shoulder pattern on the daily interval.

On April 21 prices have given a decisive breakout above its neckline resistance which is also a breakout of inverted head & shoulder pattern at 2270 levels. The breakout was followed by an above-average volume and prices successfully closed above its 21- day exponential moving average on the daily time frame.

The majority of indicators and oscillators are also in bullish range shift mode and reading above their line of polarity.

MARUTI Suzuki India: BUYTarget: Rs 8300 | Stop Loss: Rs 7680Return 5%

After a strong reversal from the lower levels, MARUTI share price consolidated in a rectangle pattern for almost one month. On April 22, prices witnessed a breakout above their trend line resistance placed at around 7800 levels.

The recent back to back green candles on the daily chart have given a breakout above its 21-day exponential moving average on the daily interval. We have also observed a gradual increase in the volumes in the last couple of trading sessions. Currently, we are expecting a rise in the share price of the MARUTI as indicators are moving higher above is previous high.

(Rohan Patil is a Technical Analyst at Bonanza Portfolio. Views expressed are the author’s own. Please consult your financial advisor before investing.)

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May 25, 2024
IT index beats Nifty 50 YTD; Why is it rising? Tech Mahindra, HCL Tech shares among analysts’ top stock picks

The Nifty IT index has risen over 6% year to date compared to a 14% surge in tech-heavy Nasdaq. In 2022, the Covid-19 pandemic accelerated the shift towards remote work and digitisation, leading to an increase in demand for IT products and services, taking the Nifty IT index above 36,800. But as questions arose over the valuation of IT stocks, the index fell below 26,200 in the later half of 2022. But, this year, IT has outperformed the Nifty 50 YTD, owing to better than expected financial results and the recent surge can be due to the Adani-Hindenburg saga. “Investors are finding safety in the IT sector compared to other sectors like banking, in the light of the Adani saga,” said Anita Gandhi, Director, Arihant Capital Markets. So should investors go bullish on IT stocks or remain cautious as it reaches crucial resistance levels? Here’s what analysts have to say:

Analysts bullish on Nifty IT; Mphasis, HCL Tech among top stock picks

The trend of Nifty IT remains bullish, according to analysts, since the index has already seen a correction. “The overall trend of the Nifty IT Index is bullish. We observed an ideal correction from the record high last year and saw a downside move of about 30%. Since the start of this year, IT stocks have been performing well. We are bullish on this sector up to the 34,000 level on the higher side, and the bullish view will be valid as long as it sustains above the 26,000 level, according to the technical chart” said Rameshver Dongre, Research Analyst – Equity Research.

Risk-reward is favourable for India IT; Tech Mahindra, TCS among top picks

“We continue to believe risk-reward is favourable for India IT. In our view, reasonable valuation limits the downside based on 1) P/E closer to the five-year average, 2) robust OTD TCV performance, and operating margin on the mend as supply issues ebb (Q3 margin underscores this). Our top picks are Tech Mahindra and TCS among Tier-I firms and Coforge and Persistent Systems among Tier-II,” analysts at Elara capital said.

Investors should remain cautious as IT approaches crucial resistance levels

Investors should avoid fresh buy positions as IT stocks approach crucial resistance levels. “Even though Nifty IT stocks have done reasonably well compared to the other sectors mainly due to a pullback in the Nasdaq stocks, currently investors should remain cautious as IT stocks approach crucial resistance levels. Nifty IT has strong resistance at 31104 on the Daily charts. Till this resistance is broken on the Daily charts, investors should avoid fresh buy positions now and wait for support levels of 30018 & 29505 to initiate fresh buy positions,” said A R Ramachandran from Tips2trades.

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May 21, 2024
Market Outlook: Nifty, Sensex gain, to be range-bound in short-term; uptrend vulnerable below 17,900

Indian benchmark equity indices, managed to close the weekly F&O expiry session in the green territory. The BSE Sensex closed above 61,300 and the NSE Nifty 50 settled above 18,000. However, profit taking in the banking,financials and auto heavyweights pared all the gains as the day progressed. Meanwhile, the broader indices outperformed the benchmark index and gained in the range of 0.7%-1%.

Markets Ahead: Global market influences domestic indices

Nifty couldn’t hold onto gains: Deepak Jasani, HDFC Securities

Data released Thursday showed that China’s January air passenger traffic rose 34.8% from a year earlier, suggesting that demand from the world’s largest importer of crude could bounce back relatively quickly after its decision to abandon its strict zero-COVID policy. Nifty rose as expected, but could not hold on to gains.

US economy resilient, fear of hawkish Fed caps gains: Vinod Nair, Geojit Financial Services

The domestic market absorbed the buoyancy in the global market, led by IT stocks, while upstream oil companies gained as a result of the slash in windfall tax. After robust jobs data, strong retail sales numbers in the US showed proof of resilience in the US economy amidst concerns over elevated inflation numbers. However, the gains were capped by worries that a stronger economy would attract a tighter monetary policy.

Nifty Technical View: Nifty formed bearish candle

Below 17,900, uptrend vulnerable: Shrikant Chouhan, Kotak Securities

On the technical front, a small bearish candle on daily charts is indicating a range bound activity in the near future. For the bulls, 17,950-17,900 would act as a key support zone while 18,150-18,200 would be the crucial resistance zone. However, below 17,900, the uptrend would be vulnerable.

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May 12, 2024
Nifty to stage a pullback or bears to keep control amid volatility? 7 things to know share market opens

Indian share market is likely to open on a positive note on the week’s last trading day, hinted SGX Nifty. On the Singapore Exchange, Nifty futures traded higher at 17688 level. In the previous session, BSE Sensex gained 224 pts to 59,932, while NSE Nifty 50 fell 6 pts to 17,610. “Participants were anticipating some respite after the dovish tone from the US Fed however continuous decline in Adani group counters combined with the scheduled weekly expiry kept the tone negative for most of the session. Indications are pointing towards further consolidation in the index thus we recommend maintaining a sector/stock-specific approach. Among the sectors, IT, FMCG, and select auto look positive to us while others may continue to trade mixed so plan accordingly, said Ajit Mishra, VP – Technical Research, Religare Broking Ltd.

7 things to know before share market opens

Asia markets: Stocks in the Asia-Pacific were mixed on Friday after Wall Street’s rally driven by technology stocks. Hong Kong’s Hang Seng index fell 1.7%, leading losses in the region. In mainland China, the Shanghai Composite fell 0.74% and the Shenzhen Component lost 1.06%. Japan’s Nikkei 225 rose 0.64% and the Topix fell 0.41%. In South Korea, the Kospi also fell 0.14% while the Kosdaq lost 0.13%. Overnight in the US, Dow Jones fell 0.11%, S&P 500 gained 1.47%, and Nasdaq added 3.25%.

Key levels to watch: “Volume profile indicates Nifty has a strong support around 17400-17500 zone. Coming to the OI Data, on the call side, the highest OI observed at 17800 followed by 18000 strike prices while on the put side, the highest OI was at 17500 strike price. On the other hand, Bank Nifty has support at 39900-40100 while resistance is placed at 41200-41300 range,” said Ameya Ranadive, Equity Research Analyst, Choice Broking.

Q3 Results today: ITC, State Bank of India, Divi’s Labs, Bank of Baroda, Tata Power, InterGlobe Aviation, One 97 Communications (Paytm), Marico, Mahindra & Mahindra Financial Services, Zydus Lifesciences, Manappuram Finance, Aarti Industries, Borosil, Clariant Chemicals, Elgi Equipments, Emami, Engineers India, India Cements, Intellect Design Arena, JK Tyre & Industries, Jubilant Pharmova, Kansai Nerolac Paints, Nava, Praj Industries, Quess Corp, Shipping Corporation of India, Sun TV Network, and Tube Investments of India will report their quarterly earnings on 3 February.

FII and DII data: Foreign institutional investors (FII) sold shares worth Rs 3,065.35 crore, while domestic institutional investors (DII) purchased shares worth Rs 2,371.36 crore on 2 February, according to the provisional data available on the NSE.

Stocks under F&O ban on NSE: The National Stock Exchange has Adani Ports and Ambuja Cements under its F&O ban list for 3 February. According to the NSE, the stock mentioned above is prohibited in the F&O sector because it has exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in that stock.

Crude oil headed for a weekly loss: Oil prices made modest gains in early trade on Friday but were heading for a second straight week of losses, as the market looked for more signs of a strong recovery in fuel demand in China to offset looming slumps in other major economies. Brent crude futures rose 16 cents, or 0.2%, to $82.33 a barrel at 0110 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 18 cents, or 0.2%, to $76.06 a barrel. So far this week, Brent has dropped by 4.8%, extending a 1.1% loss from the previous week. WTI has fallen by 4.5% after sliding 2% in the prior week.

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May 1, 2024
PIL in SC seeks prosecution of short sellers for ‘artificial’ crashing of Adani Group’s stock value

A PIL has been filed in the Supreme Court, seeking the prosecution of short seller Nathan Anderson of US-based firm Hindenburg Research and his associates in India and the US, for allegedly exploiting innocent investors and the “artificial crashing” of the Adani Group‘s stock value in the market.

Hindenburg engages in activist short selling, which involves selling borrowed stocks with the hope of buying the same at a lower price later. If the prices fall on the expected lines, the short sellers make a killing.

The investment research firm, which invests its own capital, takes such bets based on its research, which looks for “man-made disasters” such as accounting irregularities, mismanagement and undisclosed related-party transactions.

The public interest litigation (PIL) matter filed by advocate ML Sharma also seeks directions for declaring short selling an offence of fraud against the investors, to be prosecutable under section 420 (cheating) of the Indian Penal Code (IPC), read with the provisions of the SEBI Act.

Sharma told PTI that his PIL has been registered and numbered by the apex court registry.

The PIL seeks the court’s directions for the registration of an FIR, recovery of the short sellers’ turnover, their prosecution to protect the citizens of India and further action against them for “duping the Indian share market and innocent investors for their vested interest to provide complete justice”.

In his petition, Sharma has said being the regulatory body in the stock and commodity market, the Securities and Exchange Board of India (SEBI) is responsible for a control over the share market and the suspension of trading in which stocks have been oversold or they did a short sale.

Also Read: Gautam Adani no longer among world’s top 20 richest people as Adani Group sheds $108 billion in market value

According to the PIL, the cause to file the petition arose to the petitioner on January 25, when despite having prior information, the SEBI did not suspend trading qua the Adani Group shares and allowed the short sellers to crash the share market artificially and square up their short-selling position at the lowest rate by “butchering/exploiting” innocent Indian investors in violation of laws.

The shares of Adani Group firms continued to remain weak for the seventh day running on Friday amid a host of negative events surrounding the companies. The stocks of Adani Enterprises tumbled 20 per cent to Rs 1,173.55, the lowest in a year, on the Bombay Stock Exchange (BSE).

The Adani Group stocks have taken a beating on the bourses after Hindenburg Research made a litany of allegations in a report, including fraudulent transactions and share-price manipulation, against the business conglomerate led by industrialist Gautam Adani.

The Adani Group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.

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Apr 23, 2024
NSE puts 7 Adani stocks under ASM; what this means for investors, should you buy, sell or hold?

As the Adani rout continues to affect the market, eroding billions of dollars in wealth, the NSE (National Stock Exchange) put seven Adani Group stocks under the Additional Surveillance Mechanism. Adani Enterprises, Adani Green Energy, Adani Ports and SEZ, Adani Transmission, Adani Total Gas and Ambuja Cements are placed under the short-term ASM framework, while Adani Power is placed under the long-term ASM framework.

An underwriter for Adani Enterprises’ Rs 20,000 crore FPO, Monarch Networth Capital was placed under the short-term ASM framework as well. Monarch Networth Capital was also implicated in Hindenburg Research’s report which accused the Adani Group of fraud. ACC and Adani Wilmar are two Adani Group shares that have not been placed under increased surveillance.

What is ASM?

SEBI and the exchanges introduced ASM to “alert and advise investors to be extra cautious when dealing in these securities” according to an NSE circular. The securities are shortlisted to be placed under ASM covering the following parameters:

High Low VariationClient ConcentrationClose to Close Price VariationMarket CapitalizationVolume VariationDelivery PercentageNo. of Unique PANsPE

Certain trading restrictions are imposed on stocks that fall under the framework. “Applicable rate of margin shall be 50% or existing margin, whichever is higher, subject to maximum rate of margin capped at 100% with effect from February 6, 2023 on all open positions as on February 3, 2023 and new positions created from February 6, 2023,” said NSE on the actions under the short-term ASM framework. This seeks to deter traders from taking excessive risks and reduce volatility, since the liquidity will come down.

Adani Group stocks: Buy, sell or hold?

Experts believe the current rout as a result of the Adani-Hindenburg faceoff will end soon. “The ‘Adani stocks crisis’ also has contributed to the negative sentiments. Investors may wait and watch for the dust to settle. The Adani crisis impact is slowly diminishing,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

“There is no denying that the share prices of the Adani Group were overvalued. But even though all Adani stock fell following the Hindenburg report, it doesn’t mean that one should not invest in it. Adani is India’s biggest airport operator and also controls Mundra Port, India’s largest, in his home state of Gujarat. Adani became India’s second-largest cement producer in 2022, after acquiring Swiss firm Holcim’s Indian assets for $10.5 billion. Now the Adani shares are approaching fair value, and it will be a great opportunity to invest for the long term,” said Rameshver Dongre, Research Analyst – Equity Research, CapitalVia.

“Currently all the Adani group stocks are very heavily oversold on the Daily charts. Investors should avoid buying till we end up with at least 2 green candles on the Daily charts. Adani Enterprises will now have support at Rs 1035, Adani Ports will have support at Rs 347 and Ambuja Cements support will be at Rs 298.5,” said A R Ramachandran, Co-owner, Tips2trades.

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Apr 20, 2024
Mamit Mizoram Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

Mamit MZ Assembly Election 2023 Details: The election for Mamit Assembly Constituency in Mizoram will be held on November 7 this year. The final date of voting and result were known after the formal announcement by the Election Commission of India. Here are the important details of the Mamit Constituency Assembly Election 2023 that you should know.

Mamit Constituency Mizoram Assembly Election 2023: Voting Date

November 7 is the date of voting for the Mamit Assembly Constituency Election 2023 as announced by the Election Commission of India.

Mamit Constituency Mizoram Election 2023: Candidates List

Bharatiya Janta Party (BJP), Congress and other political parties in the state will announce their candidates for the Mamit Assembly Constituency Election 2023 after the announcement of voting dates by the Election Commission of India.

Why Mamit Constituency Assembly Election 2023 is Important

Mamit is a state Assembly/Vidhan Sabha constituency in the state of Mizoram and is part of the Mamit Lok Sabha/Parliamentary constituency. Mamit falls in the Mamit district of Mizoram and is categorised as an urban seat.

Mamit Constituency MZ Election Result: What happened in 2018

H Lalzirliana of the Mizo National Front was the winning candidate from the Mamit constituency in the MZ Assembly elections 2018, securing 6874 votes while 6467 votes were polled in favour of John Rotluangliana of the Indian National Congress. The margin of victory was 407 votes.

2018 Mamit Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesH LalzirlianaMizo National Front6874

Candidate List Party Name Votes Gained (Vote %) H Lalzirliana Mizo National Front 6874 (35.39%) John Rotluangliana Indian National Congress 6467 (33.29%) Malsawmtluanga Bharatiya Janata Party 4528 (23.31%) C Zothansanga Independent 1122 (5.78%) None Of The Above None Of The Above 190 (0.98%) Lianzuala National People’s Party 90 (0.46%) Lalawmpuia Chhangte Nationalist Congress Party 80 (0.41%) B Lalhmunzawnga Independent 75 (0.39%)

Mamit Constituency MZ Election Result: What happened in 2013

John Rotluangliana of the Indian National Congress was the winning candidate from the Mamit constituency in the MZ Assembly elections 2013, securing 7798 votes while 5308 votes were polled in favour of H B Lianmunga of the Mizo National Front. The margin of victory was 2490 votes.

2013 Mamit Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesJohn RotluanglianaIndian National Congress7798

Candidate List Party Name Votes Gained (Vote %) John Rotluangliana Indian National Congress 7798 (45.81%) H B Lianmunga Mizo National Front 5308 (31.19%) Biakthuama Molshoy Nationalist Congress Party 2368 (13.91%) H Laltanpuia Zoram Nationalist Party 1296 (7.61%) None Of The Above None Of The Above 151 (0.89%) C Darlianthanga Bharatiya Janata Party 100 (0.59%)

Mamit Constituency MZ Election Result: What happened in 2008

John Rotluangliana of the INC was the winning candidate from the Mamit constituency in the MZ Assembly elections 2008, securing 4421 votes while 2274 votes were polled in favour of Lalthlengliana of the MNF. The margin of victory was 2147 votes.

2008 Mamit Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesJohn RotluanglianaINC4421

Candidate List Party Name Votes Gained (Vote %) John Rotluangliana INC 4421 (31.98%) Lalthlengliana MNF 2274 (16.45%) Lallawmsanga Apetow IND 2211 (15.99%) Laltanpuia ZNP 2106 (15.23%) Lalromawia IND 1893 (13.69%) R Lalhmunmawia IND 366 (2.65%) Lalhluna BJP 232 (1.68%) Mathew Lalnunpuia NCP 107 (0.77%) Suresbihari LB 89 (0.64%) M Zarzoliana LJP 68 (0.49%) T Lalsanga JD(U) 57 (0.41%)

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Apr 16, 2024
Nifty above 16150 would aim for 16450 as market texture bullish; Buy HCL Tech, PVR, charts show strength

By Shrikant Chouhan

On Tuesday, the benchmark indices witnessed a sharp pullback rally, after a promising intraday rally, the NSE Nifty 50 index ended 438 points higher while the BSE Sensex was up by 1,344 points. Among sectors, all the major sectoral indices ended in the green but metal index outperformed, rallying over over 6 per cent. Technically, after a positive opening the Nifty/ Sensex successfully cleared 16000/53500 breakout level and post breakout, it intensified the positive momentum throughout the day. In addition, on daily charts, it has formed a long bullish candle, which is broadly positive for the short term. We are of the view that the short term market texture is bullish but mildly overbought.

Technical stocks to buy

Bajaj FinanceBUY, CMP: Rs 5,837.3, TARGET: Rs 6,150, SL: Rs 5,700

For the past few weeks, the counter witnessed a vertical slide on the downside. However, post correction a strong rebound is seen from the important support zone. The formation of marubozu candlestick hints at bullish momentum to sustain in the coming horizon.

PVRBUY, CMP: Rs 1,772.7, TARGET: Rs 1,880, SL: Rs 1,730

The stock is trading into a range bound mode, and presently the counter is near the breakout line of the triangle chart pattern. Hence, the recent price action indicates a strong breakout in a few trading sessions.

Apollo TyresBUY, CMP: Rs 214.9, TARGET: Rs 227, SL: Rs 208

The stock is trading into a rising channel pattern forming the higher top and higher bottom series continuously. The strong bullish activity on the daily chart suggests that the counter is likely to maintain bullish continuation formation in the near term.

HCL TechBUY, CMP: Rs 1,082.9, TARGET: Rs 1,140, SL: Rs 1,060

The stock has underperformed in the past few weeks and it has witnessed a downtrend. However, in recent past sessions it entered into an accumulation phase near its important support area. Finally, a strong reversal candlestick formation indicates the resumption of a bullish uptrend in the coming horizon

(Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd. Views expressed are the author’s own.)

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Apr 14, 2024
Markets Wrap – Fri, 3 Feb ‘23: Stocks skyrocket, rupee gains; Asia, Europe markets, Gold, Crude, Crypto updates

Domestic equity indices rallied over 1.5% on Friday with Sensex closing above 60,800 and Nifty 50 settling above 17,850. During the day indices remained volatile, but towards the end of the session, they surged, ending broadly in green. The top gainers of the BSE Sensex were Titan (up 6.87%), Bajaj Finserv (up 5.15%), Bajaj Finance (up 5.09%), HDFC Bank (up 3.46%) and HDFC (up 3.15%) while Wipro (down 4.80%), Tech Mahindra (down 5.65%), HCL Tech (down 0.32%), Tech Mahindra (down 0.22%) and HCL Tech (down 0.17%) were the losers.

The NSE Nifty 50 surged 243 points or 1.38% to 17,854.05 and BSE Sensex skyrocketed 909 pts or 1.52% to 60,841.88. In the sectoral indices, Bank Nifty rose 2.04%, Nifty Auto up 1.25%, Nifty IT up 0.10%, PSU Bank up 3.07% while Nifty Pharma fell 0.99%. After swinging in the volatile range for the past few sessions, Bank Nifty surged 830.40 pts or 2.04% to close 41,499.70 on Friday. The index’s top gainers were Bank of Baroda, HDFC Bank, State Bank of India, IndusInd Bank and PNB while IDFC First Bank was the lone loser.

Asian Markets

Asian markets closed on a mixed note on Friday. China’s Shanghai Composite index fell 22 pts or 0.68% settling at 3,263.41, Japan’s Nikkei 225 closed 107 pts or 0.39% higher at 27,509.46 and Hong Kong’s Hang Seng was down 297 pts or 1.36% at 21,660.47.

European Markets

European markets were trading mostly in green. England’s FTSE100 was trading at 7,828.10, up 67.08 points or 0.86% at 2:45 PM (IST). Europe’s Euronext100 was down 4 points or 0.30% at 1,339.86. France’s CAC was trading 54.50 points or 0.77% higher at 7,131.61. Germany’s DAX was up 200 points or 1.32% at 15,381.23.

US Markets

The US stock indices ended on a mixed note on Thursday. The Dow Jones Industrial Average (DJIA) fell 39.02 pts or 0.11% to 34,053.94, S&P500 rose 60.55 pts or 1.47% to 4,179.76 and the Nasdaq composite rose 384.50 pts or 3.25%, settling at 12,200.82.

Rupee movement

The Indian rupee appreciated 0.42% to 81.83 against the US dollar at 4:00 PM (IST).

Gold, Silver

Gold futures on the multi-commodity exchange for April delivery were trading at Rs 57,725.00 up 38 points or 0.05% while Silver futures for March delivery were down 200 points or 0.29% at Rs 70,003.00 at 2:55 PM (IST).

Crude oil

WTI Crude futures for February delivery were down 0.32% at $76.12 while Brent Crude futures for March delivery were trading 0.24% higher at $82.37 at 2:50 PM (IST).

Cryptocurrency

Bitcoin (BTC) at 3:00 PM (IST) was trading at $23,435.47, down by 1.52% in the last 24 hours. Its total market cap is $452,044,425,272. Ethereum (ETH) was trading at $1,642.05, down by 1.48% in the last 24 hours. It has a total market cap of $200,951,524,653.

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