A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.
Oil prices rise on disruption fears after latest Red Sea attack
Brent crude was up 49 cents, or 0.6%, to $77.53 a barrel at 1432 GMT. U.S. West Texas Intermediate crude was up 36 cents, or 0.5%, at $72.01, after both benchmarks gained around $2 in earlier trading.
Taking Stock: Sensex falls 379 pts, Nifty around 21,650; auto, IT, banks major drag
Top losers on the Nifty were Eicher Motors, MM, UltraTech Cement, LT and Kotak Mahindra Bank, while gainers were Coal India, Adani Ports, Sun Pharma, Divis Labs and Cipla.Nifty, Sensex in bear grip amid rising Red Sea tension, pre-Q3 earnings uncertainty
Expensive valuations have slowed down exuberant investors as they gear their portfolios towards the upcoming Q3 earnings season which begins next week with TCS and Infosys leading the show on January 11Mid-day Mood | Profit booking seeps in as indices trade in red; pharma stocks shine
Analysts had predicted a breather for the market as the sharp rally in the previous month had pushed the benchmarks into an overbought zone.Death Crossovers: Devyani International among 3 stocks that signal bearishness
These stocks’ 50-day SMA crossed below their 200-day SMAs on January 1.
Oil jumps 1% in New Year after U.S. forces repel Houthis in Red Sea
Brent crude rose $1.03, or 1.3%, to $78.07 a barrel by 0225 GMT while U.S. West Texas Intermediate crude was at $72.53 a barrel, up 88 cents, or 1.2%.
Asian shares get 2024 to steady start with busy data calendar in focus
Risk appetite was strong after global shares ended 2023 with their biggest annual rise in four years, driven by the prospect that major central banks globally could begin easing rates this year in a major boost for consumers and businesses shackled by high borrowing costs.
Taking Stock: Market falls from record highs amid high volatility; banks a major hit
Nestle India, Adani Enterprises, Adani Ports, Tech Mahindra and Wipro were among the top gainers on the Nifty, while losers included Eicher Motors, Bharti Airtel, MM, Bajaj Auto and HDFC BankNifty, Sensex erase losses to swing into green; Nifty January futures cross 22,000-mark
Returns in 2024 will depend on the tussle between fundamentals and sentiment. In an entirely ‘fundamental’ market, returns will likely be modest for the market and negative for many stocks, said Kotak Institutional Equities