Market on course for newer highs; but can India weather the currency storm?

ET Markets Daily Brief | Sat, Jul 02, 2016 | 03:30 PM IST Follow ET Markets

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With $485 billion external debt, can India weather currency storm? India's relative position with respect to external debt is largely stable. But it may not be right to say that we are completely immune to global headwinds. Tech view: Nifty50 forms 'Shooting Star' on charts; buy stocks on dips In the process, the index formed a 'Shooting Star' pattern on the daily candlestick charts and a 'bullish belt hold' pattern on the weekly charts. Technicals with ETMarkets: 5 ways to start a winning trade using ADX ADX is a complete system in itself, which shows strength in an ongoing trend, when to make an entry, what stop loss to keep and when to exit a trade.

Interview One to One Current year onwards, we should see impact in capital spending of a lot of steps which this government has taken in l... Prashant Jain, ED & CIO, HDFC MF

Market Watch 2 Jul | 03:30PM| SENSEX NIFTY USD/INR GOLD 27144.91 ↑145.19 8328.35 ↑40.60 67.32 ↓-0.21 31473.0 ↑274.0

Gainers Losers 2 Jul, 2016, 03:30PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Visagar Polytex Ltd. 4.50 20.00 5435110 4.50 3.72 Riga Sugar Co. Ltd. 24.30 20.00 4461 24.30 24.30 Milkfood Ltd. 206.15 19.99 49686 206.15 169.95

Tweet of the day... SBI raises Rs 911 crore by selling stake in NSE

FROM THE NEWSPAPER

Market on course for newer highs, may face profit-booking this week The Nifty50 is poised to march higher in the coming weeks as the strong underlying bullish forces have breached key resistance levels, says Jimeet Modi. Why Indian market will continue to attract foreign investors The dust settled quickly after assurances from various policy makers, including the European Union, that they would do every bit to stem the volatility, in case it occurs. After market spasm, Wall Street looks past Brexit Following the S&P 500's sharp 6% drop and near-complete recovery since Brexit, the stock index is back in familiar territory, just short of record levels. 'Time Machine' sounds more real than negative rates I would admit without hesitation that for many of us, we owe our existence in financial services industry to QE in last 7-8 years, says Pankaj Sharma. New push factor can lift oil prices beyond $50 Falling crude inventories, concerns over Brexit uncertainty, political crisis in Venezuela were the push factors for oil prices over the past fortnight.

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