Akhil Nallamuthu
Assistant Editor at The Hindu Business Line
Principal Research Analyst, The Hindu BusinessLine
Articles
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3 weeks ago |
thehindubusinessline.com | Akhil Nallamuthu
Nifty Bank opened today’s session lower at 50,910 versus yesterday’s close of 51,348. But it moved up after opening and is now at 51,440, up 0.2 per cent so far today. The advance/decline ratio is 7/5, a positive sign. AU Small Finance Bank is the top gainer by appreciating 3 per cent, whereas Federal Bank, down 0.85 per cent, is the top loser. Nifty PSU Bank has rallied 0.7 per cent whereas Nifty Private Bank has gained 0.15 per cent.
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3 weeks ago |
thehindubusinessline.com | Akhil Nallamuthu
Natural gas futures saw some recovery in price over the past week. After marking a low of ₹321.40 (per mmBtu) last week, the contract rose to mark a high of ₹363.80 early this week. That said, the chances of a decline below ₹321 has not faded away. Although this level can act as a support, natural gas futures can drop to ₹310, where it is expected to meet a rising trendline support. Just below this is the key base of ₹300.
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3 weeks ago |
thehindubusinessline.com | Akhil Nallamuthu
Nifty 50, the benchmark index, opened today’s session with a gap-down at 23,150 compared to yesterday’s close of 23,332. It is now hovering around 23,240, down 0.4 per cent so far today. The advance/decline ratio stands at 18/32, showing a bearish bias. Sun Pharmaceuticals, up 4.4 per cent, and TCS, down 3.1 per cent, are the top gainer and loser respectively in Nifty 50.
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3 weeks ago |
thehindubusinessline.com | Akhil Nallamuthu
The price of zinc futures has been on a decline for about three weeks. After hitting a two-month high of ₹282/kg on March 24, the contract started to fall. On Tuesday, it closed at ₹267.65. The current chart set up hints at further decline from here. But there is a support nearby at ₹266. So, how zinc futures react to this level should be watched closely. In case there is rebound on the back of the support, the contract can face resistance at ₹270 and ₹275.
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3 weeks ago |
thehindubusinessline.com | Akhil Nallamuthu
Nifty Bank opened today’s session higher at 50,967 versus yesterday’s close of 50,828. It moved up after opening and is now at 51,100, up 0.6 per cent so far today. The advance/decline ratio is 5/7. HDFC Bank tops the chart by appreciating 1.4 per cent whereas AU Small Finance Bank, down 1.3 per cent, is the top loser. Nifty Private Bank has rallied 0.5 per cent whereas Nifty PSU Bank has lost nearly 1 per cent. So, broadly, the private banks are outperforming their public sector peers.
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What if Walter White and Saul Goodman from Breaking Bad discuss F&O market? Here's their casual conversation ... :D @businessline @BlPortfolio #StockMarket #FnO #trading #investing https://t.co/r05UGRaI6a
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