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...
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...
Weekly Market Wrap For 28th Nov To 02nd Dec
Benchmark indices hit new highs; global cues, macro data to dictate trend in coming week Nifty spot touched an all-time high last week and was able to close above its previous all-time high peak whereas Bank nifty already had been trading above its previous all-time peak. Federal Reserve Chairman Jerome Powell said the central bank was considering a smaller rate hike this month following...
Weekly Market Wrap For 21st To 25th November
Markets sees selling pressure; Derivative expiry to dictate the trend in coming week Nifty took a pause last week after a four week of consecutive gains as selling pressure was observed at higher levels on the back of profit booking. Nifty Bank however still managed to close higher in the week gone by. Volatility was also observed during the week as the tug-of-war between bulls and bears...
How Will A Global Recession Affect The Indian Economy?
As the global economy is headed toward a recession, India’s market conditions are becoming hostile. Predictions state that this situation will be prolonged up to the end of 2023. Even though India’s performance has been quite satisfactory, given that it is now the world’s fifth-largest economy, the global cues have made it tough to sustain a positive economic outlook. The world...
Weekly Market Wrap For 14th To 18th November
Markets sees selling pressure; Derivative expiry to dictate trend in coming week Nifty took a pause last week after four weeks of consecutive gains as selling pressure was observed at higher levels on the back of profit booking. Nifty Bank however still managed to close higher in the week gone by. Volatility was also observed during the week as the tug-of-war between bulls and bears kept...
Weekly Market Wrap For 24th To 28th October
Markets extend gains in a festive week; Nifty to cross the 18,000 mark Top global market updates for the week Equity markets remained upbeat on a holiday-shortened week as sentiments improved on positive global cues and on growing expectations of smaller-than-expected rate hikes. A strengthening rupee further aided the sentiments. Global markets too traded positively after...
Weekly Market Wrap For 17th to 21st October
Markets End In The Red In A Volatile Week; Fed Rate Action To Dictate Trend Market Overview Equity markets remained bullish during the week as positive global markets and in-line corporate earnings supported the sentiments. The Nifty settled above the 17,500 mark, while the Nifty Bank index gained about 1500 points to close above the 40,700 mark. The rally got supported by Axis...
Weekly Market Wrap From 3rd To 7th October
Markets snap 3-week losing streak; Quarterly earnings in focus in the coming week Indian stock market position Equity markets snapped a three-week losing streak and logged modest gains even as volatility remained high. Markets rebounded after witnessing a sharp sell-off in the past couple of weeks as Nifty got supported by a rally in metal, realty, and IT stocks. Global...