- September 07, 2023 07:37
Day trading guide for September 07, 2023
Intraday supports, resistances for Nifty50 stocks:
Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS and SBI
- September 07, 2023 07:36
Stock market live updates: Wall St slides as economic data stokes inflation and interest rate worries
Wall Street’s three major averages closed lower on Wednesday with the Nasdaq’s 1% loss leading declines after stronger-than-expected services sector data fuelled concerns that still sticky inflation would mean that interest rates stay higher for longer, per a Reuters report.
The Institute for Supply Management (ISM) said on Wednesday its non-manufacturing Purchasing Managers’ Index rose to 54.5 last month against expectations of 52.5, while a gauge of prices paid by service-sector businesses for inputs increased.
Traders were betting on a 93% chance that the Federal Reserve would leave interest rates unchanged after its meeting on Sept. 20, while bets on another pause in November were around 57%, CME Group’s FedWatch Tool showed.
“The stronger-than-expected ISM services data shows that investors are still not very skilled at reading the post-pandemic tea leaves,” said Carol Schleif, chief investment officer at BMO’s family office in Minneapolis.
