Market Morning Notes For 19th December 2022
Markets for the week ended lower by more than 1% on the back of a 50 bps rate hike and hawkish fed commentary with most global markets coming under pressure and FII selling around Rs 2000 cr in the spot market. For the month of December, FII so far has sold more than Rs 17000cr in the future segments in anticipation of rate hikes, and expect Nifty 50 to see a test of the inflection point as...
Common Financial Mistakes People Make While Planning A Wedding
A wedding is not just an occasion. It’s a celebration. A once-in-a-lifetime celebration that marks a new beginning, not just for the couple, but for both families. No matter where you go, a wedding is treated as an extravagant affair across the world. When we talk about weddings it comes with a great expense, check out these 5 Financial Planning Strategies To Save Money. While some...
Market Morning Notes For 15 December 2022
Markets traded in a narrow range on Wednesday to finally close in the positive terrain forming a small doji star on the daily candlestick which is a sign of indecisiveness ahead of the Fed meeting. The Fed hiked rates by 50 bps as expected but commentary turned hawkish with median rates expected in 2023 at 5.1% which led to US markets closing in the negative terrain. For Nifty 50, the...
Market Morning Noted For 14th December 2022
Markets rallied on Tuesday to regain its control above the key resistance of 18580 on the back of upbeat global markets and a surge in USDJPY. The lower-than-expected US CPI data bolstered hopes that the Fed may not have to raise rates further todays expected 50 bps hike. However, US markets came off the highs to end with marginal gains after Dollar Index fell sharply. Wall Street closed...
Market Morning Noted For 13th December 2022
Markets ended unchanged on Monday after the initial gap-down opening while broader markets outperformed key indices. Overall global markets have turned cautious ahead of the U.S. Fed meeting on Wednesday with the expectation of a 50 bps rate hike. For Nifty 50, the ideal strategy would remain to buy on a decline with stop-loss placed at 18100 and Target placed at 19867. The key trigger to...
Weekly Market Wrap For 5th To 9th December
Markets consolidates; Global central banker policy meet in focus in coming week Markets corrected after two-week gains as global markets fell due to fear of an economic slowdown and worries over a Fed rate hike. In line with market expectations, the RBI in its monetary policy meeting hiked rates by 35 bps to 6.25 pct continuing its fight against inflation. This is the fifth consecutive...
Market Morning Noted For 12th December 2022
The market for the week remained under pressure on the back of a weakening rupee against a basket of developed currencies with Nifty 50 closing with losses of more than 1% while the Banking sector outperformed with 1% gains. The weekly close below 18580 in Nifty has punctured the short-term momentum and could be re-testing the next line of support towards 18300 in days to come. The...
Sula Vineyards Ltd. IPO (Subscribe)
Highlights Issue Size – 26,900,530 sharesIssue Open/Close – Dec 12/Dec 14, 2022Price Band (Rs.) 340-357Issue Size- Rs 9150-9600 bnFace Value (Rs) 2Lot Size (shares) 42 Sula Vineyards Limited (Sula) was incorporated on February 26, 2003. Sula is India’s largest wine producer and seller as of March 31, 2022. They have been a consistent market leader in the Indian wine industry in...
What are Sovereign Green Bonds?
Introduction In the 2022 annual budget, our Finance Minister announced that the government proposes to issue sovereign green bonds with the aim of deploying resources for green infrastructure. The proceeds will be deployed in public sector projects to help reduce the economy’s carbon intensity. Our Finance Minister, Ms. Nirmala Sitharaman, approved the final sovereign green bonds...