Weekly Market Wrap For 9th To 13th January
Nifty still in a range; Q3 results to set cues for the week Equity markets remained highly volatile in the week gone by as tug-of-war between bulls and bears continued near the key Nifty levels. Nifty closed above its key support levels of 17800 while Nifty Bank witnessed late buying to close above the 42300 mark during the week. Foreign investors continued to remain on the sell side. The...
Market Morning Notes For 13th January 2023
Markets continued to inch lower, but recovery in the last hour of trade helped Sensex to regain above 59952. With the USDJPY breaching the critical support of 130, global markets could turn weak. The Dow Jones Index in JPY terms is a mere 0.7% higher from critical breakdown levels below which we may see a steep slide by 23%. A sharp shrink in non-institutional turnover below Rs 19000...
Market Morning Notes For 12th January 2023
Markets ended on a flat note on Wednesday despite selling pressure in the early hours of trade and gains in Bank Nifty helped key indices to trim their losses. The non-institutional volume continues to edge lower below Rs 19000 crores as liquidity from retail participants dries up. The FII selling has intensified in the past few days and DIIs are only putting up a fight to absorb their...
Market Morning Notes For 11th January 2023
Markets ended sharply lower on the back of renewed selling in service sector-related stocks with Bank Nifty feeling the major brunt and closing below the key support of 42339. The main factor which may trigger a large-scale meltdown is diminishing support from non-institutional participants which even in yesterday’s trading remained around Rs 20000 crores. For Sensex, the major level is...
Understanding Indexation In Debt Mutual Funds
Attributing to the rise in inflation, it has become a requisite to have sufficient investments in order to meet your needs. With inflation causing a ruckus in the global economy, investors have begun expanding their orbit and stepping into non-traditional investments to keep up with the pace of rising expenses. Among various channels that provide returns adapting to the rate of inflation, you...
Market Morning Notes For 10th January 2023
Markets rebounded sharply on Monday on the back of gains from the technology index with Nifty ending higher by 1.4% but failed to close above the monthly resistance line of 18130. The rally was led mainly on the back of short covering by FIIs in the derivatives segment as there was an expectation that Fed would tone down its hawkish stance on rate hikes in a meeting to be held in Stockholm...
Market Morning Notes For 09th January 2023
Markets last week ended with losses of around 1.5% but violated key support of 59754 in Sensex which turned out to be the lower shadow of the ‘Bearish Engulfing Line’ on a monthly basis. Such price action along with a sharp drop in retail volume towards Rs 25000 cr and sustained closing below 50 DMA are indications of an upcoming severe downtrend in the Indian markets. The FII selling...
Market Morning Notes For 06th January 2023
Markets remained under pressure on Thursday but managed to recoup part of losses to settle around 18000 levels. The non-institutional turnover has shrunk to a 6-month low yesterday to Rs 24000 crores which signifies that the defenses of the Indian stock market may soon be broken. The larger setup points towards a 20% decline in the near term and ideally the turnover should further...
Market Morning Notes For 05th January 2023
Markets witnessed major selling pressure on Wednesday with most of the key indices declining around 1% ahead of Fed minutes despite global equities turning unchanged. The Fed minutes stated that Fed officials’ intent on lowering inflation back towards their 2% target is at risk of rising unemployment and slow growth. The FIIs suddenly dumped around Rs 7300 crores (Cash + Futures) after...