GIFT NIFTY 24697.50 [-0.92%]     DOW JONES FUTURES 40545.79 [0.78%]     NASDAQ 17990.50 [0.38%]     FTSE 100 9243.29 [0.32%]     NIKKEI 225 45354.99 [-0.87%]     HANG SENG 26128.21 [-1.35%]     SHANGHAI 3828.10 [-0.65%]     ASX 200 8146.65 [0.00]    
LT↑2.34% [85.1]     TATAMOTORS↑1.30% [8.6]     ITC↑1.25% [5]     SAMMAANCAP↑1.04% [1.41]     EICHERMOT↑0.88% [61]     RELIANCE↑0.38% [5.2]     DIVISLAB↓-3.80% [-224.5]     M_M↓-3.79% [-133.5]     INDUSINDBK↓-3.78% [-28]     LTF↓-3.19% [-7.77]     UPL↓-3.16% [-21.1]     TATASTEEL↓-2.89% [-4.98]    

Latest Stock Market News

Dollar index touches a 4-month low, rupee gains

Updated at : 2025-03-10 06:35:03

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The dollar index is used to measure the US currency s strength against a basket of six currencies: the euro, Swiss franc, Japanese yen, Canadian dollar, British pound and Swedish krona.

Speculation that Trump would pour stimulus onto the nation s expansion - and keep upward pressure on Treasury yields - is being rapidly swept aside less than two months into his presidency. Instead, traders have been piling into short-dated Treasuries, pulling the two-year yield down sharply since mid-February, on expectations the Federal Reserve will resume cutting interest rates as soon as May to keep the economy from deteriorating.

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The investments are being placed through special-purpose vehicles to avoid the ire of US authorities and companies wary of Chinese capital during a low-point in relations between the two countries, the report said, citing asset managers and investors involved in the transactions.

Nifty upside seen at 23,000 levels: Analysts

Updated at : 2025-03-10 06:35:03

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​The Nifty index has formed a small bullish candlestick on the daily chart, while a strong bullish candle with a long lower shadow on the weekly chart signals support-driven buying and the potential for a short-term recovery.

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China s overnight and seven-day repo rates surged in February, while bond investors took losses from a sharp rise in yields. Banking liquidity in India suffered its highest deficit in at least 14 years earlier this year and overnight borrowing costs jumped. Liquidity also dried up in Indonesia and Malaysia following central bank currency interventions.

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The Kumbakonam-based bank offers loans to the MSME (micro, small and medium enterprises), retail, wholesale and agriculture segments. The bank s advances grew by 15% to ₹50,409 crore while deposits rose by 11% to ₹58,271 crore year-on-year at the end of December 2024.

The Indian market is showing signs of stabilization despite global economic concerns and FII outflows. Nifty is in a corrective phase, with a trend reversal contingent on breaking the 23,807 level. The Bank Nifty remains range-bound, and select stocks like Kotak and HDFC Bank show potential. Metal stocks, especially Tata Steel and JSW Steel, are poised for upside, driven by global factors.

Bharat Electronics will pay a dividend of Rs 1.5 per share. The record date for the dividend is 11 March 2025.

Anand James, Chief Market Strategist at Geojit Financial Services, predicts a W-shaped reversal in Nifty, with support at 22,000 and potential resistance near 23,000. He discusses the underperformance of Nifty Bank despite RBI s liquidity support, the fall in Gensol Engineering shares, and the small-cap index s performance. James recommends buying EPL with a target price of Rs 225.

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