* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, August 16, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ‘The Rainmaker’ Premiere: Milo Callaghan Breaks Down Rudy Baylor’s ‘Misguided Valor’ – The Laconia Daily Sun

    Inside ‘The Rainmaker’ Premiere: Milo Callaghan Uncovers the Real Story Behind Rudy Baylor’s Misguided Valor

    Suicide Squad Member Gets New Origin in Absolute Flash – yahoo.com

    Suicide Squad Member Unveiled with Exciting New Origin in Absolute Flash

    I’ll miss the chaos of ‘And Just like That…’ (and Che Diaz too) – yahoo.com

    Why I’ll Truly Miss the Wild Ride of ‘And Just Like That…’ (and Che Diaz!)

    Webtoon Entertainment Stages Recovery With Disney’s Stamp of Approval – The Wall Street Journal

    Webtoon Entertainment Soars to New Heights with Disney’s Stamp of Approval

    Georgia Tech Launches Arts, Entertainment, and Creative Technologies Degree – Georgia Tech News Center

    Georgia Tech Unveils Exciting New Degree in Arts, Entertainment, and Creative Technologies

    John Davison departs from IGN Entertainment – GamesIndustry.biz

    John Davison Steps Down from IGN Entertainment Leadership

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Vermont famers say new technology is changing the state’s agriculture industry – News Channel 3-12

    Vermont Farmers Embrace New Technology Transforming the State’s Agriculture Industry

    Verb Technology Reports Revenue Growth Amidst Strategic Expansions – TipRanks

    Verb Technology Soars with Impressive Revenue Growth Driven by Strategic Expansions

    Midwest Technology Summit held in Fargo – WDAY Radio

    Midwest Technology Summit held in Fargo – WDAY Radio

    K1 Semiconductor Joins Chicago Quantum Exchange To Advance Wafer Technology. – Quantum Zeitgeist

    K1 Semiconductor Partners with Chicago Quantum Exchange to Revolutionize Wafer Technology

    Indirect tax transformation: Navigating change, embracing technology – Thomson Reuters tax and accounting

    Revolutionizing Indirect Tax: Embracing Technology to Navigate Change

    California’s wildfire moonshot: How new technology will defeat advancing flames – Los Angeles Times

    California’s Wildfire Revolution: How Cutting-Edge Technology Is Poised to Stop Raging Flames

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ‘The Rainmaker’ Premiere: Milo Callaghan Breaks Down Rudy Baylor’s ‘Misguided Valor’ – The Laconia Daily Sun

    Inside ‘The Rainmaker’ Premiere: Milo Callaghan Uncovers the Real Story Behind Rudy Baylor’s Misguided Valor

    Suicide Squad Member Gets New Origin in Absolute Flash – yahoo.com

    Suicide Squad Member Unveiled with Exciting New Origin in Absolute Flash

    I’ll miss the chaos of ‘And Just like That…’ (and Che Diaz too) – yahoo.com

    Why I’ll Truly Miss the Wild Ride of ‘And Just Like That…’ (and Che Diaz!)

    Webtoon Entertainment Stages Recovery With Disney’s Stamp of Approval – The Wall Street Journal

    Webtoon Entertainment Soars to New Heights with Disney’s Stamp of Approval

    Georgia Tech Launches Arts, Entertainment, and Creative Technologies Degree – Georgia Tech News Center

    Georgia Tech Unveils Exciting New Degree in Arts, Entertainment, and Creative Technologies

    John Davison departs from IGN Entertainment – GamesIndustry.biz

    John Davison Steps Down from IGN Entertainment Leadership

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Vermont famers say new technology is changing the state’s agriculture industry – News Channel 3-12

    Vermont Farmers Embrace New Technology Transforming the State’s Agriculture Industry

    Verb Technology Reports Revenue Growth Amidst Strategic Expansions – TipRanks

    Verb Technology Soars with Impressive Revenue Growth Driven by Strategic Expansions

    Midwest Technology Summit held in Fargo – WDAY Radio

    Midwest Technology Summit held in Fargo – WDAY Radio

    K1 Semiconductor Joins Chicago Quantum Exchange To Advance Wafer Technology. – Quantum Zeitgeist

    K1 Semiconductor Partners with Chicago Quantum Exchange to Revolutionize Wafer Technology

    Indirect tax transformation: Navigating change, embracing technology – Thomson Reuters tax and accounting

    Revolutionizing Indirect Tax: Embracing Technology to Navigate Change

    California’s wildfire moonshot: How new technology will defeat advancing flames – Los Angeles Times

    California’s Wildfire Revolution: How Cutting-Edge Technology Is Poised to Stop Raging Flames

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Ahead of Market: 10 things that will determine D-Street action on Thursday

August 2, 2023
in Business
Ahead of Market: 10 things that will determine D-Street action on Thursday
Share on FacebookShare on Twitter

Equity benchmark indices Sensex and Nifty fell by 1% on Wednesday on weak global market trends and continuous foreign fund outflows. Fitch Ratings has downgraded the United States government’s credit rating, citing rising debt at the federal, state, and local levels and a “steady deterioration in standards of governance” over the past two decades.

The rating was cut on Tuesday one notch to AA+ from AAA, the highest possible rating.

The Sensex ended below 66,000 levels, tumbling 676 points, while the Nifty fell 200 points to 19,526. Sectorally, all sectors took a hit in the market mayhem, with the PSU Bank sector bearing the brunt. Technically, the Nifty closed below its 20-day Exponential Moving Average (20DEMA), and analysts believe that bullish action may remain delayed as long as the downgap at 19,705 is not filled.

Analysts interpret the market pulse as follows:

“The Indian market saw a widespread sectoral slide, influenced by weak global market trends. Negative news about the US rating downgrade due to fiscal concerns, coupled with weak factory activity data from the Eurozone and China, sparked global concerns. Moreover, prolonged Foreign Institutional Investor (FII) selling, driven by a rise in US bond yields, has dampened the domestic market mood,” said Vinod Nair, Head of Research at Geojit Financial Services.

“The recent drop of the Nifty below its consolidation suggests a bearish sentiment. The index has also fallen below the 21EMA, reinforcing the bearish outlook. The Relative Strength Index (RSI) signals a bearish momentum for the future. Support is seen at 19,500, and a decisive fall below 19,500 may lead to further negativity; while resistance is noted at 19,600,” stated Rupak De from LKP Securities.

Regarding Thursday’s market action, here are some key indicators:

US market
Wall Street fell on Wednesday after rating agency Fitch’s move to downgrade the U.S. government’s credit rating hit appetite for risky assets around the world.

Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years as well as a growing general government debt burden, making it the second major rating agency after Standard & Poor’s move in 2011 to strip the country of its triple-A rating.

The yield on U.S. 10-year Treasury notes rose to 4.07%, after briefly slipping earlier in the day. Safe havens gold and the Japanese yen rose, while the dollar index climbed 0.5%.

At 9:39 a.m. ET, the Dow Jones Industrial Average was down 124.43 points, or 0.35%, at 35,506.25, the S&P 500 was down 35.45 points, or 0.77%, at 4,541.28, and the Nasdaq Composite was down 185.63 points, or 1.30%, at 14,098.28.

European shares
European shares tumbled to near two-week lows on Wednesday, with technology and auto stocks leading losses, as investors across the globe fled riskier assets after a surprise downgrade on U.S. credit rating by Fitch.

The pan-European STOXX 600 index fell 1.1% by 0708 GMT, touching its lowest level since July 20.

U.S. futures slid more than half a percent and bond prices rose after rating agency Fitch on Tuesday downgraded U.S. debt rating, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.

The STOXX 600 fell about 1% on Tuesday, its worst day in nearly a month, after weak factory activity data worldwide raised concerns of an economic slowdown.

Tech View: Long negative candle
A long negative candle was formed on the daily chart with minor lower shadow. Technically, this pattern indicates sharp negative reversal in the market. Nifty is currently placed at the edge of moving below the immediate support of up trend line at 19500 levels as per the concept of change in polarity.

Stocks showing bullish bias
Momentum indicator Moving Average Convergence Divergence (MACD) showed bullish trade on the counters of RattanIndia Infra, GE Power, Star Cement, Man Industries and Laurus Labs among others.

The MACD is known for signaling trend reversals in traded securities or indices. When the MACD crosses above the signal line, it gives a bullish signal, indicating that the price of the security may see an upward movement and vice versa.

Stocks signaling weakness ahead
The MACD showed bearish signs on the counters of Bank of Maharashtra, BEL, Union Bank, SBI and Canara Bank among others. Bearish crossover on the MACD on these counters indicated that they have just begun their downward journey.

Most active stocks in value terms
HDFC Bank (Rs 2312 crore), RIL (Rs 1584 crore), ICICI Bank (Rs 1555 crore), Infosys (Rs 1007 crore) and Chola Investment Finance(Rs 995 crore) were among the most active stocks on NSE in value terms. Higher activity on a counter in value terms can help identify the counters with highest trading turnovers in the day.

Most active stocks in volume terms
Reliance Power (Shares traded: 39.69 crore), Suzlon Energy (Shares traded: 22.97 crore), IRFC (Shares traded: 15.96 crore), Vodafone Idea (Shares traded: 12.3 crore), and YES Bank (Shares traded: 10.89 crore) and were among the most traded stocks in the session on NSE.

Stocks showing buying interest
Shares of Star Cement, BEML, Finolex Industries, Mishra Dhatu Nigam and Escorts among others witnessed strong buying interest from market participants as they scaled their fresh 52-week highs, signaling bullish sentiment.

Stocks seeing selling pressure
Shares of Campus Activewear, Sintex Plastics, Viji Finance and SREI Infra among others stocks hit their 52-week lows, signaling bearish sentiment on the counters.

Sentiment meter favours bears
Overall, market breadth favoured bears as 2,428 stocks ended in the red, while 1,176 names settled in the green.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : The Economic Times of India – https://economictimes.indiatimes.com/markets/stocks/news/ahead-of-market-10-things-that-will-determine-d-street-action-on-thursday/articleshow/102360193.cms

Tags: AheadbusinessMarket
Previous Post

Bitcoin Ordinals Unveils Protocol Maintenance Team

Next Post

NCLAT defers hearing on IDBI Bank’s plea vs Zee

Box, run, crash: China’s humanoid robot games show advances and limitations – The Guardian

Box, Run, Crash: Inside China’s Humanoid Robot Games Revealing Stunning Progress and Surprising Challenges

August 16, 2025
Customers look set to bear the tariff cost burden – Axios

Rising Tariff Costs: How They Impact Your Wallet and What You Can Do

August 16, 2025
‘The Rainmaker’ Premiere: Milo Callaghan Breaks Down Rudy Baylor’s ‘Misguided Valor’ – The Laconia Daily Sun

Inside ‘The Rainmaker’ Premiere: Milo Callaghan Uncovers the Real Story Behind Rudy Baylor’s Misguided Valor

August 16, 2025
NC state employee and teacher reps say health insurance increases will hurt worker retention – NC Newsline

Rising Health Insurance Costs Jeopardize Retention of State Employees and Teachers

August 16, 2025
DC police to share information with federal immigration officers – CNN

DC Police to Collaborate with Federal Immigration Officers in New Information Sharing Initiative

August 16, 2025
China’s Ecological Civilization Shaping a Sustainable Future – 中国科技网

China’s Ecological Civilization Shaping a Sustainable Future – 中国科技网

August 16, 2025
NVIDIA, National Science Foundation Support Ai2 Development of Open AI Models to Drive US Scientific Leadership – NVIDIA Blog

NVIDIA, National Science Foundation Support Ai2 Development of Open AI Models to Drive US Scientific Leadership – NVIDIA Blog

August 16, 2025
Boise State plans to build new science research building to help with capacity needs – KTVB

Boise State Unveils Plans for New Science Research Building to Boost Capacity

August 16, 2025
Why Some Physicians Still Lead With Lifestyle-First Obesity Care Despite the GLP-1 Revolution – Medscape

Why Many Physicians Still Champion Lifestyle-First Strategies in Obesity Care Despite the GLP-1 Revolution

August 16, 2025
Vermont famers say new technology is changing the state’s agriculture industry – News Channel 3-12

Vermont Farmers Embrace New Technology Transforming the State’s Agriculture Industry

August 16, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (773)
  • Economy (796)
  • Entertainment (21,673)
  • General (16,494)
  • Health (9,834)
  • Lifestyle (806)
  • News (22,149)
  • People (797)
  • Politics (803)
  • Science (16,008)
  • Sports (21,293)
  • Technology (15,775)
  • World (778)

Recent News

Box, run, crash: China’s humanoid robot games show advances and limitations – The Guardian

Box, Run, Crash: Inside China’s Humanoid Robot Games Revealing Stunning Progress and Surprising Challenges

August 16, 2025
Customers look set to bear the tariff cost burden – Axios

Rising Tariff Costs: How They Impact Your Wallet and What You Can Do

August 16, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version