• Market Savera - 12/08/2024

  • Aug 12 2024
  • Duración: 2 m
  • Podcast

Market Savera - 12/08/2024

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  • Resumen

  • U.S. stocks closed higher Friday, meaningfully cutting losses from earlier in the week as equities staged a big comeback after extreme turbulence hit global financial markets.


    Godrej Properties to Launch Rs 21,000 Crore Worth Housing Projects By March

    IOC to raise refining capacity by 25% to meet India's oil needs

    Centre approves investment of Rs 10,501 cr in ONGC Petro additions Ltd


    Shares in Asia opened mostly higher Monday as markets shifted focus to key US data prints this week for further understanding of the health of the world’s biggest economy. Traders on Monday will assess inflation and industrial output data from India.

    Nifty rose well on August 9 on the back of positive global cues. At close, Nifty was 1.04% or 250.5 points at 24367.5. Nifty logged a second consecutive week of losses on the back of negative cues including Yen's carry trade, US recession fears along with the RBI governor's hawkish commentary. Nifty managed to enter the downgap area of 24383-24687. It can now rise towards the 24582-24687 band. 24080 could be a support in the near term.

    Indian markets could open flat to mildly higher, in line with mostly higher Asian markets today and positive US markets on Aug 09
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