 "The Nifty 50 Index shows a bullish trend but risks profit booking; the MidCap faces volatility after a failed breakout.")
The Nifty 50 Index is showing a bullish trend, with resistance expected at 26,000 and indicators suggesting an overbought condition. Traders are advised to book profits at higher levels and wait for a pullback to key support levels at 25,300, 25,100, and 24,800 before making new bullish positions. In contrast, the Nifty MidCap Select Index ...
 "In a dramatic move, the US plans to ban Chinese and Russian vehicle technology, citing cybersecurity risks and protectionism.")
The US Commerce Department plans to announce new rules banning Chinese and Russian software and hardware in connected vehicles, aimed at enhancing cybersecurity. This move follows concerns about hacking risks associated with smart cars, which rely on internet connectivity. The proposed restrictions, stemming from a cybersecurity investigation launched by President Biden, focus on automated driving ...
 "RBI Governor Shaktikanta Das warns of banking risks from global commercial real estate stress amid rising inflation concerns in India.")
Reserve Bank of India Governor Shaktikanta Das has raised concerns about the potential risks banks face due to stress in the global commercial real estate sector. In a recent speech at the Future of Finance Forum in Singapore, he warned that liquidity issues could arise, particularly for banks with high commercial real estate loans. He ...
 "RBI Governor Shaktikanta Das predicts India’s growth potential at 7.5% amidst balanced inflation and economic risks, addressing global finance in Singapore.")
Reserve Bank of India Governor Shaktikanta Das, speaking at the Future of Finance Forum in Singapore, projected India’s growth potential at over 7.5 percent for the ongoing financial year, surpassing the RBI’s own estimate of 7.2 percent. He acknowledged a slower growth rate of 6.7 percent in the April-June quarter due to reduced government spending ...
 "Tech giants’ market cap surges amid Nifty IT Index’s critical breakout phase, posing risks and opportunities for traders.")
The Nifty IT Index is currently trading between 41,800 and 43,000, a crucial range for traders to watch. A rise above 43,000 may spark bullish momentum, allowing for potential gains, while a drop below 41,800 could lead to a Market correction. Meanwhile, the Nifty Auto Index is at a critical support level of 25,150; a ...
