Weekly Market Research by Fintoo – 14th Aug 2021
#uid-45e1ef0afb76fef3 .heading h3 { line-height: 1.6em; font-weight: 400; } Nifty extends gains, attains fresh all-time high Nifty for the week rose for the second straight week to post gains of around 2% and closed above 16,500 levels while broader markets continued to remain under pressure with Nifty MidSmall 400 Index closing 1.5% lower. Investor sentiments got a boost as...
Weekly Market Research by Fintoo – 8th Aug 2021
Indian market rallied 3% for the week after the U.S. Senate approved another infrastructure stimulus worth $1 trillion to support the US economy. At the time when rent moratorium was coming to an end, this package acted as a booster shot to global financial market. Although, Nifty has managed to close above 16,000 levels, the risk levels remains highly elevated due to rise in historical...
Weekly Market Research by Fintoo – 31st July 2021
Market end volatile week lower; Outlook remains cautious Nifty for the week remained highly volatile and rebounded after moving below short term moving average of 50 DMA and finally closed with losses of less than 0.59% to 15,763 levels. The FIIs have turned aggressive sellers for the month of July by selling more Rs 25,000 crore in the cash market which remains a major cause of worry for...
Weekly Market Research by Fintoo – 24th July 2021
#uid-3da17e65668542db .heading h2 { line-height: 1.6em; font-weight: 400; } Markets drop in a volatile week Benchmark indices ended with small losses in a volatile trading week led by positive global market cues and a good start to Q1FY22 earnings season. Activity in the primary markets too remained upbeat which supported the overall sentiments. Global markets remained firm...
Weekly Market Research by Fintoo – 17th July 2021
Stock Markets scaled new highs and registered first weekly gains in three with the Nifty closing a tad below the 16,000 mark as a good start to Q1FY22 results season, declining new Covid-19 cases supported sentiments. Dovish remark of Federal Reserve Chairman Powell in his testimony despite surge in inflation comforted global equities including India. Meanwhile, the Reserve Bank of India...
Weekly Market Research by Fintoo – 10th July 2021
#uid-0ae9e6ebb3f4246d .heading h2 { line-height: 1.6em; font-weight: 400; } Nifty turns weak, global cues dents sentiments. Zomato IPO key event to watch out in coming week Markets continued to remain under pressure led by pessimistic global market cues with volatile movement seen across sectors. The Nifty ended tad below the 15.700 mark, down 0.2 pct for the week. Volatility...