Markets · Thursday close
Analysis · 09 minSix sessions, one direction, and a breadth chart that tells a less cheerful story. We read the close against the volume, not the headline.
“An index is an average. Averages are where bad breadth goes to hide.”
The close
Thursday close · values in NPR
Markets
Every chart has a source line
Close
6 minFour commercial banks account for most of the gain. The rest of the board barely traded, which makes the average a poor guide to the day.
Turnover in banks
62%
By Nisha Karki
Gold
Shops report smaller tickets and more of them. The board price is steady; the making charge is not.
1,42,800
Gold per tola
Currency
Importers are covering earlier. That is a bet on the next quarter, not this one.
133.40
USD · NPR
Explainer
A short guide to spreads, commissions and the number that actually leaves your account.
0.84%
Index change
Method
Analysis is an argument, not a verdict. We show the working, name the source and publish the caveat next to the claim, not in a footnote.
Primary source first: the award letter, the balance sheet, the gazette. A press release is a lead, not evidence.
If a claim is arithmetic, we redo it. If it is a forecast, we state the assumptions the author used.
Limits sit next to the finding. When a source will not go on record, we say what that costs the story.
Artha is an independent business desk. Nothing here is investment advice.
Markets desk
If a figure on this page does not reconcile, send the line and the source you are using. The desk answers with its working.
Embargoes honoured · receipts issued
Markets desk
Form B-2