Both <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> and <keyword id="19896381" type="General" weightage="100" keywordseo="Nifty" source="keywords">Nifty</keyword> opened the day in green. As of 9:35 am, Sensex was trading at 79,451.13 points, down by 0.032%, while Nifty was trading at 24,192.40 points, up by 0.21%. During early morning trade, Eicher Motors, <keyword id="19945574" type="General" weightage="20" keywordseo="Wipro" source="keywords">Wipro</keyword>, <keyword id="19924892" type="General" weightage="20" keywordseo="Tech-Mahindra" source="keywords">Tech Mahindra</keyword>, HCL Tech and ONGC were leading, while <keyword id="20026907" type="General" weightage="20" keywordseo="sun-pharma" source="keywords">Sun Pharma</keyword>, <keyword id="19897354" type="General" weightage="20" keywordseo="bajaj-auto" source="keywords">Bajaj Auto</keyword>, Tata Motors, Bajaj Finance and Adani Enterprises were amongst the laggards. As for broad market indices, except for India VIX, which was down by 0.05%, all others opened in green. On BSE, TCS, Bharti Airtel, TCS, and Nestle India were trading in green, while Tata Steel, Asian Paints, JSW Steel, and IndusInd Bank were trading in red. <h2>Stocks in Action </h2>Eicher Motors informed NSE of its monthly sales figures. On a YoY basis, the company's motorcycle sales jumped by 8%, from 20,535 between April and June 2023 to 22,221 between April and June 2024. In general, the auto sector reported muted passenger (PV) and commercial vehicle (CV) sales numbers. Maruti Suzuki's total sales volumes increased by 12% YoY. Mahindra &amp; Mahindra's PV volumes grew by 23% year over year in June 2024. Tata Motors PV volumes declined by 8% year over year in June 2024 TVS Motor total volumes increased by 6% year over year in June 2024. Overall, total PV retail volumes declined by 8% YoY in June 2024 Amidst sectoral indices, Nifty auto, financial services, FMCG, private bank and healthcare were in red, while IT took a solid lead and was up by 1.1% during early morning trade. According to Aditya Gaggar, director of Progressive Shares, the "bullish engulfing pattern on the daily charts indicates the presence of strong momentum, and we believe that the index is heading toward the 24,250-24,400 zone while the support level is shifted higher at 23,940. The auto-ancillary stocks extended their outperformance, boosting our confidence to remain overweight. Heavyweight <keyword id="19895995" type="General" weightage="20" keywordseo="HDFC-Bank" source="keywords" meta.keywordsubtype="org" meta.entityname="HDFC Bank" meta.hostid="261" meta.entityid="HDFC Bank">HDFC Bank</keyword> is on the cusp of a major pattern breakout, and post the breakout, one can expect an outperformance by <keyword id="22183748" type="General" weightage="20" keywordseo="BankNifty" source="keywords">BankNifty</keyword>". "The IT segment extended its journey toward the north and is likely to continue. The media sector has given a breakout, and some of the counters are on the verge of providing a major breakout (SunTV and Saregama). From a medium to long term horizon, investors should focus on the agro/specialty chemicals segment. By forming a strong bullish candle, mid and small caps have ended the congestion phase and are likely to resume outperformance. As per Shrikant Chouhan, Head Equity Research, Kotak Securities, "we believe the short-term texture of the market is positive, but due to temporary overbought conditions, we may see some profit booking at higher levels. For day traders right now, 24,000/79,000 will act as a sacrosanct support zone. While 24,250-24,300/79,800-80,000 can be immediate profit booking zones for day traders,. On the other hand, below 24000/79000, traders may prefer to exit long positions."

Stock market today: Nifty, Sensex open in green; Wipro, Tech Mahindra take lead in early trade

<keyword id="19896381" type="General" weightage="100" keywordseo="Nifty" source="keywords">Nifty</keyword> and <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> got off to a sedate start during early morning trade today. As of 9:45 am, Nifty was trading at 23,715.45 points, down by 0.02%, while Sensex was down to 78,021.21 points, inching down by 0.04% In US, <keyword id="55718" type="General" weightage="20" keywordseo="Dow-Jones" source="Orion">Dow Jones</keyword> ended lower by 299 points or 0.76% to close at 39,112, whereas NASDAQ ended higher by 220 points or 1.26% to close at 17,717. Most broad-based indices in India opened the day in red. While Nifty midcap50 (down by 0.34%) and midcap100 (down by 0.19%) opened the day in red, India VIX (up by 1.20%) and smallcap50 and 100 (up by 0.26% and 0.18% respectively) remained in green during early trade today. As for sectoral indices, Nifty auto, FMCG, pharma, metal, PSU bank, realty and healthcare were in red, while financial services, private bank, media, IT and consumer durables were in green. <keyword id="19908751" type="General" weightage="20" keywordseo="ICICI" source="keywords">ICICI</keyword>, Kotak bank, BPCL, LTIMindtree were amongst gaining stocks during morning trade, while Apollo hospitals, Tata Steel, Hero Moto, Bajaj Auto and Hindalco lost significant ground. <cmsannotation type="cmsannotation" annotationid="Stocks in action" comment="subhead" text="Stocks in action">Stocks in action</cmsannotation> <keyword id="45179" type="General" weightage="20" keywordseo="NTPC" source="Orion">NTPC</keyword> is set to hold a board meeting on 29th June, wherein it will consider raising around Rs 12,000 crores via non-convertible debentures, subject to shareholder's approval. The stock was trading at Rs 362.15, up by 0.36% as of 9:40 am. According to Mr. Aditya Gaggar, director, Progressive Shares, "a sharp upsurge in the Banking counters helped the Index to end the session at a record level of 23,721. With a strong bullish candle, Nifty50 has breached its well-maintained range of 23,400-23,660 which suggests an extension of the current upmove, and as per the pattern, the approximate target comes to 23,920 while on the lower side, the immediate support is placed at 23,660. From the auto segment, ancillary counters regained momentum especially the tyres segment (<keyword id="22183749" type="General" weightage="20" keywordseo="Apollo-Tyre" source="keywords">Apollo Tyre</keyword>). Selective buying was seen in the IT sector as well". Shrikant Chouhan, Head Equity Research, <keyword id="19958661" type="General" weightage="20" keywordseo="Kotak-Securities" source="keywords" meta.keywordsubtype="org" meta.entityname="Kotak Securities" meta.hostid="261" meta.entityid="Kotak Securities">Kotak Securities</keyword> notes that "a bullish candle on the daily chart and a higher bottom formation on the intraday chart indicate a continuation of the uptrend. For the market, 23,600-23,500/77,500-77,300 will be a crucial support zone for deciding the trend. As long as the index is trading above 23,500/77,300, the positive sentiment is likely to continue. On the higher side, 23,835-23,900-24,000/78,500-78,700-79,000 would be the immediate resistance levels. However, a drop below 23,500/77,300 could weaken the uptrend, possibly leading to a retest of 23,400-23,350/76,900-76,800".

Market Morning: Sensex, Nifty off to a slow start, LTIM, Kotak bank take lead in early trade

Mumbai (Maharashtra) [India], June 6 (ANI): The <keyword id="19925636" type="General" weightage="100" keywordseo="stock-market" source="keywords">stock market</keyword> opened on a positive note on Thursday, buoyed by NDA unanimously announcing PM Narendra Modi's third term, to take oath as prime minister on Saturday. The <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> surged by 378.59 points, opening at 74,804.68, while the <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> rose by 105.65 points, starting the day at 22,726.00. Among the Nifty companies, 29 advanced while 21 declined. Leading the pack of gainers were NTPC, SBI, ONGC, Coal India, and Power Grid. On the other hand, Britannia, Hindustan Unilever, Cipla, Hindalco, and Nestle India were among the top losers. Shrikant Chouhan, Head of Equity Research at Kotak Securities, commented on the market's technical performance, noting the early sell-off followed by a sharp rebound. "Technically, after a sell-off early in the day, Nifty and Sensex found support near 21,700/21,800 levels and rebounded sharply, which is a positive sign. The market rallied 880/2600 points from the day's lowest point. Moreover, it also reclaimed the levels of 22,500/74,000 or the 50-day SMA (Simple Moving Average), which is also positive," he said. Chouhan further explained the market's current state as undergoing an extended pullback following Tuesday's steep decline. He said, "This pullback could extend up to 22,800 to 22,950 levels. Our broader strategy recommendation is to reduce long positions between these levels. If the Nifty stays above 23,000, we could see some short covering in the market. On the downside, support levels exist at 22,400 and 22,300. A close below 22,300 would likely extend the consolidation range, possibly up to 22,000 or 21,800." The outlook for the Bank-Nifty index was also discussed. Chouhan stated, "For the Bank-Nifty, it is also in an extended pullback mode, which could push the index to 49,500 or 49,800 levels. There is support at 48,500 levels, and a close below that may push the index to 48,000 again." Overall, the market's strong opening reflects investor confidence in the wake of the BJP's electoral victory, with technical indicators suggesting potential for further gains while highlighting key support and resistance levels for traders to watch.

Stock market opens on a positive note as Sensex, Nifty salute NDA announcement of Modi 3.0

Both market indices (<keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> and <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword>) opened flat, albeit in green. As of 10:00 am, Sensex had breached the 80,000 mark and up by 0.46% while Nifty inched up by 0.44% to trade at 24,392.25 points. <keyword id="19906967" type="General" weightage="20" keywordseo="Tata-Motors" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Motors" meta.hostid="261" meta.entityid="Tata Motors">Tata Motors</keyword>, ICICI Bank, Infosys, Hindalco, and HCL Tech took the lead in the early morning trade, while HDFC Bank, Cipla, Dr. Reddy, Adani Entertainment, and Eicher Motors were among the laggards. As for broad market indices, all of them except India <keyword id="315980" type="General" weightage="20" keywordseo="VIX" source="Orion">VIX</keyword>, which was down by 1.51%, opened in green. Amidst sectoral indices, <keyword id="19936673" type="General" weightage="20" keywordseo="media" source="keywords">media</keyword> (down by 0.17%) and healthcare (down by 0.09%) opened in red, while <keyword id="6354185" type="General" weightage="20" keywordseo="IT" source="Orion">IT</keyword> took a significant lead of over 1% in early morning trade. Banknifty inched up marginally by 0.14% during the early trade. As per Mr. Aditya Gaggar, Director of Progressive Shares, "banking counters-led rally propelled the index to end the session at a fresh high of 24,287. An early indication from the <keyword id="17430379" type="General" weightage="20" keywordseo="GIFT-Nifty" source="Orion">GIFT Nifty</keyword> suggests a strong start for Indian equities. Among the sectors, the PSU segment regained momentum (BHEL, IREDA, GPPL, and HUDCO). "From the <keyword id="34523" type="General" weightage="20" keywordseo="FMCG" source="Orion">FMCG</keyword> segment, Tata Consumer looks strong. In the oil and gas space, Castrol Ltd has given a major breakout, but considering a strong upmove, buying on dips will be an ideal strategy. Some metal counters are on the verge of a strong breakout, while selective buying is likely to persist in the pharma space. Once again, agro/specialty counters have shown strong momentum, and we believe it will continue further," he elaborated. Sameet Chavan, Head Research, Technical, and Derivatives, Angel One, notes that the market is clearly in a bullish phase, even with extended parameters. The thematic movers are certainly adding appeal to the market. From a technical standpoint, it is very challenging to determine resilience, especially when the undertone is highly robust. Still, with the prevailing overbought parameters, it is advisable to maintain proper risk management and keep booking profits at regular intervals. On the lower end, 24,100–24,000 withholds an intermediate cushion, and a decisive breach below the same could only trigger some further cool-off in the benchmark. "Looking ahead, we maintain a positive outlook on the market's undertone. However, we advise caution and not to be swayed by daily developments. The potential for thematic moves is clear, and it's these opportunities that can lead to significant outperformance for traders," he cautions. Even Shrikant Chouhan, Head of Equity Research, Kotak Securities, believes that the uptrend is likely to continue. " Above 24.200/79,600, the market may rise to 24.400–24,500/80,200–80,500. However, below 24,200/79,600, its structure may change and fall to the next support zone, 24,000/79,000 levels", he notes. As for gold, its prices surged over 1% to a near two-week high on Wednesday, spurred by growing expectations of a September interest rate cut by the Federal Reserve. This sentiment was largely fueled by recent U.S. data indicating a softening labor market, with a rise in first-time unemployment applications and jobless rolls reaching a 2-1/2 year high. The yellow metal is expected to remain buoyant in near future.

Stock market today: Sensex crosses 80k, IT takes early lead

On Monday, there was a noticeable increase in gold rates across India. In Delhi, the current price for 10 grams of 24-carat gold stands at ₹75,310. Meanwhile, on the MCX, gold contracts for June delivery experienced a climb of ₹ 540, settling at ₹ 74,610 per 10 grams. The increase in gold prices today is believed to be influenced by the uncertainties over interest rate cuts later this year and currency value fluctuations. Here is an extensive daily list to give you the most recent information on gold prices in India's key cities. <h2>Check gold rates in different cities on 20th May 2024</h2><table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"><colgroup></colgroup><col /><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">City </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">22-Carat </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">24-Carat </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Delhi </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹69,050 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹75,310 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mumbai </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹68,900 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹75,160 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kolkata </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,900 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 75,160 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Chennai </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 69,000 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 75,280 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bengaluru </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,900 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 75,160 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hyderabad </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,900 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 75,160 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ahmedabad </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,950<a href="https://www.goodreturns.in/gold-rates/ahmedabad.html">l</a> </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 75,210 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Pune </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,900 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 75,160 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Surat </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,950 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 75,210 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nagpur </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,900 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 75,160 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kerala </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,900 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 75,160 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vijayawada </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 68,900 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 75,160 </td></tr></tbody></table> “COMEX Gold prices remained stable close to $2387 per ounce, indicating little fluctuation, but are positioned to record a second consecutive weekly increase. This trend is attributed to the recent release of US economic data, which has led to increased speculation of potential rate cuts. Despite this optimistic outlook, any significant upward movement in gold prices is restrained by the consistent stance of Federal Reserve officials, who have reiterated their commitment to maintaining interest rates at elevated levels for an extended period. While there is anticipation surrounding the possibility of rate adjustments, Fed officials have not openly signaled any immediate changes, thus tempering the bullish sentiment in the gold market,” says Kaynat Chainwala, Senior Manager – Commodity Research at Kotak Securities. The Indian equity market started the week on a bleak note, considering the pessimistic developments of the week went by. The benchmark index slipped towards the previous swing low, coinciding with the 100 DEMA on the daily chart, but the bulls took care of the same and made a strong recovery to eventually settle the week above all its major EMAs on the daily time frame. It had been a robust week for the bulls, with Nifty50 soaring nearly 2 percent and settling above the 22450 zone, says Osho Krishan, Sr. Analyst - Technical &amp; Derivative Research, Angel One. The Indian equity market experienced a strong recovery this week, with Nifty 50 rising nearly 2% and closing above 22450, Overtaking all major EMAs. This rebound followed a dip to the previous swing low, coinciding with the 100 DEMA. The bulls' dominance was marked by broader market participation and sectoral rotations, with the MIDCAP index reaching an all-time high. In Spite of elevated volatility, the market sentiment turned positive. Key support levels are at 22350-22300 and 22200, while resistance stands at 22600-22650 before potentially reaching the peak of 22800. However, the participation of BANKNIFTY is essential for continuous progress, and market movements may be influenced by voting participation, suggesting cautious positioning. Gold rates experience daily fluctuations due to a myriad of short- and long-term factors. These include considerations such as shifts in supply and demand, economic indicators, geopolitical developments, currency movements, investor sentiment, and more. Given the dynamic nature of the precious metals market, effective monitoring and analysis of pricing data are crucial for investors and traders to make informed investment decisions. While these data points offer valuable insights into market trends and factors driving price movements, investors are advised to perform their own due diligence before making any investment decisions. As the day progresses, it is important for investors to remain vigilant and monitor gold rates closely for any emerging trends or market developments. By staying informed about these daily price fluctuations, investors can identify potential trading opportunities and make well-informed investment decisions. For daily updates and in-depth analysis of gold rates, continue following our coverage on Business Insider India. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. Rates are subject to change from time to time and across multiple geographical locations. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.

Gold Rate Today (May 20, 2024): Prices in Major Indian Metropolitan Regions

<ul><li>Many traders complained of equity prices not getting updated on <keyword id="6354646" type="General" weightage="20" keywordseo="nse" source="Orion">NSE</keyword>.</li><li>Later NSE tweeted that the ‘broadcast has resumed in all indices’.</li><li>The development comes when the Indian equity market has crashed and witnessed huge sell-off by investors.</li></ul>In the early hours of the trade on Monday, many traders complained of equity prices not getting updated on India’s National Stock Exchange (NSE). Following this, brokerage firm Zerodha and ICICI Securities had addressed the glitches on Twitter saying there is an issue with data feeds for NSE stocks from the exchange across all members. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[<blockquote class="twitter-tweet">There is an issue with data feeds for NSE stocks from the exchange across all members. Please check 20 market depth before placing orders or place orders on BSE. <a href="https://t.co/yD1DqMYBqI">https://t.co/yD1DqMYBqI</a>&mdash; Zerodha (@zerodhaonline) <a href="https://twitter.com/zerodhaonline/status/1500684008992043012?ref_src=twsrc%5Etfw">March 7, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>]]></cdata></div>“Trading in all segments is functioning normally. However, NIFTY and BANKNIFTY indices are intermittently not getting broadcasted. The Exchange is working on resolving the issue and shall keep the members informed,” NSE had said in a tweet. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[<blockquote class="twitter-tweet">Trading in all segments is functioning normally. However, NIFTY and BANKNIFTY indices are intermittently not getting broadcasted. The Exchange is working on resolving the issue and shall keep the members informed.&mdash; NSEIndia (@NSEIndia) <a href="https://twitter.com/NSEIndia/status/1500698216932986880?ref_src=twsrc%5Etfw">March 7, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>]]></cdata></div>Basically, investors faced problems with viewing the live equity price as it was not getting updated on NSE. However, NSE later claimed that the technical glitches have been resolved and the broadcast has been working properly. The development came at a time when Sensex and Nifty 50 slipped nearly 3% on Monday morning following negative global cues on heightened concerns related to the Russia-Ukraine war. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/equity-markets-plunge-more-as-investors-continue-the-big-sell-off-on-the-fear-of-rising-global-uncertainties/articleshow/90044025.cms">Sensex and Nifty take a nosedive as investors continue the big sell-off fearing rising global uncertainties</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/credavenue-an-online-lending-startup-is-the-latest-unicorn-of-india/slidelist/90044586.cms">Meet India’s latest unicorn – CredAvenue, an online lending startup</a>

Traders complain about technical glitches on NSE website in early hours; NSE says it is resolved now

Mumbai, India's equity indices continued on their northward trajectory during the mid-afternoon trade session on Thursday. Accordingly, buying <keyword id="90082" type="COMPANY" weightage="20" keywordseo="momentum">momentum</keyword> was triggered after the market opened on a flat note due to <keyword id="47904" type="PERSON" weightage="20" keywordseo="profit-booking">profit booking</keyword>. Amongst sectoral indices, <keyword id="6369970" type="COMPANY" weightage="20" keywordseo="psu-banks">PSU Banks</keyword>, Metal, FMCG and Auto indices were the major gainers. Market Breadth also remained strongly in favour of advancing counters for fourth consecutive session. Consequently, <keyword id="6484188" type="PERSON" weightage="20" keywordseo="sensex">Sensex</keyword> traded at 50,557.02, higher by 301.27 points or 0.60 per cent from its previous close of 50,255.75. The Nifty50 or the <keyword id="53581" type="COMPANY" weightage="20" keywordseo="NATIONAL-STOCK-EXCHANGE">National Stock Exchange</keyword> was trading at 14,875.10, higher by 85.15 points or 0.58 per cent from its previous close. "Nifty index opened flattish and some profit booking decline could be seen in the initial hour. But the bulls took the intraday dip as a buying opportunity and pulled the index above 14850 levels," said Jay Purohit, Technical &amp; Derivatives Analyst, MOFSL. "Bank Nifty opened gap down and consolidated in a range in the initial hour of trades. But traders continued their buying momentum of the last three sessions and as a result, BankNifty registered a new all-time high of 35062 levels." According to Gaurav Garg, Head Research, CapitalVia Global Research: "Market opened on a flatter note and we have observed a lacklustre movement in the market as it moves towards the 15000 mark." "Asian markets came under pressure on Thursday due to mixed US session and investors' panic regarding the chaos driven by Game Stop." SEE ALSO: <a href="https://www.businessinsider.in/business/news/reliance-subsidiary-to-sell-all-of-its-upstream-assets-in-marcellus-shale-play-for-250-million/articleshow/80682497.cms" data-type="tilCustomLink">Reliance subsidiary to sell all of its upstream assets in Marcellus shale play for $250 million</a> <a href="https://www.businessinsider.in/business/corporates/news/kishore-biyani-says-sebi-ban-wont-stop-future-group-deal-with-reliance/articleshow/80680781.cms" data-type="tilCustomLink">Kishore Biyani says SEBI ban won't stop Future Group's deal with Reliance</a>

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Gold Rate Today (May 20, 2024): Prices in Major Indian Metropolitan Regions

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Traders complain about technical glitches on NSE website in early hours; NSE says it is resolved now

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