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Market Cues

Trade Insights for Thursday

The Nifty bounced back after hitting its 50-days exponential moving average (DEMA) placed at 10,562 on Wednesday to close above its crucial resistance level of 10,600.

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Oil bulls scurry for protection against a wave of OPEC supply

Volatility - a gauge of demand for a particular option - has risen sharply for bearish sell options at around $67 a barrel that expire immediately after OPEC’s meeting with its partners that will run from June 22-23.

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US stocks advance, bonds slide as Italy concerns fade

US stocks rose along with Treasury yields as investors deemed the market reaction to Italy’s political turmoil overwrought.

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RCom, Ericsson reach settlement on outstanding dues

India's Reliance Communications (RCom) on Wednesday reached a settlement with Ericsson and agreed to pay part of the dues owed to the Swedish company by the end of September, potentially clearing the way for RCom to sell assets and trim debt.

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