Elections - The Uttarakhand DGP also appealed to pilgrims to take extra precautions

Lok Sabha Elections LIVE updates: Home Minister Amit Shah and Former MP CM Shivraj Singh Chouhan are in the fray in 3rd phase. The results of the elections will be declared on June 4

5:33 PM

Comment :: Why are markets falling?

The key Indian indices continue to extend their losing streak, with Nifty and Sensex falling to their weakest level in the last three weeks.

5:32 PM

HPCL Q4 result: Net profit falls 25% to Rs 2,709 cr on low refining margins

The firm earned $ 6.93 on turning every barrel of crude oil into fuel in the quarter against the $ 8.50 per barrel refining margin in the preceding quarter. READ MORE

5:32 PM

Comment :: 'Market weakness to continue in the near-term'

The broader market witnessed volatility, underscoring caution on account of Q4 earnings and general election uncertainties, which led investors to stay on the sidelines. We expect the trend to continue in the short term as the market slid below the physiological level of 22,000. The global indices are trading with mixed cues ahead of the BOE policy meeting later today and US inflation figures due next week.

Views by: Vinod Nair, Head of Research, Geojit Financial Services.

5:32 PM

Tech View :: What are the make-or-break levels for Nifty, Bank Nifty

Nifty50
On the daily charts we can observe that the Nifty has reached the lower end of the rising channel (21,950 – 21,900) which if breached on the downside can lead to a sharp decline towards 21,270. So Nifty is at a Make-or-Break level.

 

Nifty Bank

The Bank Nifty is also approaching the lower end of the rising channel placed at 47,200 – 47,000. The 20-week average is placed at 47,244. So the Bank Nifty is approaching multiple support levels which can help to restrict the fall. Overall, the Indices have been falling and now approaching crucial make or break levels.

Views by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas