Nifty & Bank Nifty Breakdown or Breakout? February 6 Trading Strategy!
After losing early gains to selling pressure, Nifty closed down 42.95 points at 23,696.30. Bank Nifty remained stable and closed at 50,343.05. The main support for Nifty is 23,600, while the resistance is at 23,800-23,900. Traders should focus on level-based strategies amid market volatility. In this article, know how Nifty and Bank Nifty will move tomorrow on February 6.
Upcoming 5 IPO to Watch Next Week: Details, Dates, and Expert Insights for Investors
Upcoming IPO: The primary market will be active in February 2025, with five IPOs opening for subscription and two listings. These sectors include electricals, textiles, healthcare, construction and interiors. The optimism in the market after the budget is increasing the pace of IPOs. So let's now know about these 5 IPOs that will open this week, read on for details.
US Tariffs Impact Indian Markets: Sectoral Analysis and the Falling Rupee
The Indian stock market faces challenges due to US tariffs on China, Canada, and Mexico, raising trade war concerns. Sectors like capital goods, metals, and heavyweight stocks decline, while auto stocks and NBFCs show resilience. The rupee weakens past 87 against the dollar.
BSE Sensex Contracts to Launch Soon: A Golden Opportunity for Investors
BSE subsidiary India INX will soon launch futures contracts based on the Sensex, with monthly expiry and settlement in US dollars. This move will strengthen India's financial market by attracting global investors.