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(fxcue news) - Indian shares ended notably higher on Monday after five straight sessions of losses. Benchmark indexes both staged a share recovery, after having fallen nearly 5 percent over the last week. Underlying sentiment was helped by firm cues from global markets as a benign U.S. inflation reading helped revive investor hopes for further policy easing by the Federal Reserve in 2025. The dollar fell from its two-year high peak hit last week and Treasury yields eased, helping revive demand for emerging markets assets including India. Investor optimism was also boosted after the U.S. Congress passed spending legislation on Saturday, helping avert a year-end government shutdown. That said, weak cues from Europe as a result of political uncertainties in Germany and France, and lingering worries about Trump's tariff threats led to some volatility in the afternoon. The benchmark S&P/BSE Sensex finally ended the session up 498.58 points, or 0.64 percent, at 78,540.17. The broader NSE Nifty index closed at 23,753.45, up 165.95 points, or 0.7 percent, from its previous close. Metal stocks topped the gainers list, with Hindalco and JSW Steel rising around 2 percent each after the Directorate General of Trade Remedies (DGTR) initiated an investigation into the steel industry's demand for a 25% safeguard duty on imports. HDFC Bank, Trent and ITC all rose around 2 percent while carmaker Maruti Suzuki India shed 0.8 percent and two-wheeler manufacturer Hero MotoCorp dropped 1.5 percent after Japanese automakers Nissan and Honda announced they had entered into official talks to merge and create the world's third-largest automaker by sales.

Sensex

European Shares Edge Higher Ahead Of Christmas Break

Bay Street May Open With Slightly Negative Bias; GDP

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Bay Street Likely To Open Slightly Higher

FTSE 100 Subdued As GDP Figures Revised Down

Singapore Shares May Extend Monday's Gains

Sensex

Bay Street Likely To Open Slightly Higher

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Crude oil, focus on resistance at $70.6-71.5 above and support at $69.3-68.5 below.

Today, the rebound in gold trading is mainly driven by short selling, supplemented by buying during a pullback. The short-term focus is on the resistance line of 2620-2625 above, and the short-term focus is on the support line of 2600-2598 below.

Buy more directly near the current gold price of 2617, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2614, 2611, and 2605;

Today's gold trading strategy: Short selling near 2630-2628, stop loss at 2636, target at 2620-2610. Suggest buying long at 2610-2612, stop loss at 2505, target at 2620-2625;

Gold first fell close to 2602 or 2594 and bought long, then rose close to 2624 or yesterday's high and sold short. Crude oil still tends to fluctuate mainly today, buying long below 68.8 or yesterday's low, and selling short above yesterday's high or 70.7.

Today, gold is mainly focused on rebound short selling, with a short-term focus on the resistance line of 2628-2633. If it does not break through, short selling can be done. The short-term focus below is on the first-line support of 2600-2595, and it is advisable to buy more lightly.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.4-67.9 below.

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Sensex

European Shares Edge Higher Ahead Of Christmas Break

Bay Street May Open With Slightly Negative Bias; GDP

Taiwan Shares Tipped To Open To The Upside On Tuesday

Bay Street Likely To Open Slightly Higher

FTSE 100 Subdued As GDP Figures Revised Down

Singapore Shares May Extend Monday's Gains

Sensex

Bay Street Likely To Open Slightly Higher

Please sign in

Trader

Crude oil, focus on resistance at $70.6-71.5 above and support at $69.3-68.5 below.

Today, the rebound in gold trading is mainly driven by short selling, supplemented by buying during a pullback. The short-term focus is on the resistance line of 2620-2625 above, and the short-term focus is on the support line of 2600-2598 below.

Buy more directly near the current gold price of 2617, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2614, 2611, and 2605;

Today's gold trading strategy: Short selling near 2630-2628, stop loss at 2636, target at 2620-2610. Suggest buying long at 2610-2612, stop loss at 2505, target at 2620-2625;

Gold first fell close to 2602 or 2594 and bought long, then rose close to 2624 or yesterday's high and sold short. Crude oil still tends to fluctuate mainly today, buying long below 68.8 or yesterday's low, and selling short above yesterday's high or 70.7.

Today, gold is mainly focused on rebound short selling, with a short-term focus on the resistance line of 2628-2633. If it does not break through, short selling can be done. The short-term focus below is on the first-line support of 2600-2595, and it is advisable to buy more lightly.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.4-67.9 below.

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