Daily-Wrap

From a technical standpoint, the index continues to trade below a key rising trendline resistance near 33,300, signalling persistent near-term weakness in the market structure. As long as the index remains below this level, downside risks may persist, potentially leading to extended consolidation or …

Macro Update:According to the data, the core consumer prices (i.e., excluding food and energy) rose by 0.2% from the previous month. The year-on-year core consumer inflation rate stood at 2.5% in February, unchanged from January. The headline consumer price index rose by 0.3% in …

From a technical perspective, the index continues to trade below a key rising trendline resistance near the 33,500 level, an area that remains crucial for the near-term market structure. A sustained move below this zone could result in short-term consolidation. On the upside, immediate …

From a technical perspective, the index continues to trade above a key rising trendline support near 32,250, a level crucial for maintaining the broader bullish structure. A sustained move below this zone could trigger short-term consolidation. On the upside, 33,700 remains the immediate resistance …

Macro Update:Inflation concerns left investors to wind up their expectations of any near-term interest rate cuts, both by the U.S. Federal Reserve as well as major central banks of other nations, leading to gains in U.S. dollar value. In a significant development yesterday, in …

TheS&P/TSX Composite Indexis likely to take cues from global equity markets, while traders continue to monitor oil, gold, and base metal prices for direction.

Macro Update:A Financial Times report that stated that the G7 countries were planning to release petroleum from their strategic reserves after consulting with the International Energy Administration capped the gains on oil prices leading to a pullback. However, a meeting between G7 ministers and …