Mon, May 6, 2024 11:36 AM
Indonesian Bond Yields Drop Most Since November on Fed Cut Bets
A Flip by Shubhangi Gupta
Equity benchmarks BSE Sensex and Nifty 50 continued their northward journey for the third straight session on May 18, while the Nifty Midcap 100 index rallied for seven days in a row, with approximately 1,582 shares advancing and 638 shares declining on the NSE. The upward move towards a record high is expected to be seen in the coming sessions. Here are some trading ideas for the near term.
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As the high-stakes' Lok Sabha election results approaches closer, the volatility in the stock market is weighing on investor's sentiments, both domestically and across borders. Foreign outflow from Indian equities continues unabated amid the rising India VIX index and uncertainty of the election outcome. In the fourth week of May, investors will keenly eye the ongoing the January-March quarter.EC
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Nifty ended the extended 6-day trading week around 2% higher as moderation in India's CPI and lower-than-expected inflation figures from the US Fed boosted investor confidence.Global market cues remained largely supportive as major indices of the US market such as Nasdaq, S&P 500 and Dow touched lifetime highs.
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