Weekly Market Report 25th to 29th July
A nifty break above the trading range, upside seen at 17,500-17,800 After three months of consecutive decline, equity markets rallied sharply in July’22. Nifty and Sensex gained about 9% each while the Midcap index gained 12%. Sentiments turned positive on hopes the U.S. Fed will slow down its pace of interest rate hikes at its upcoming meetings. However, the unexpected...
Rupee Vs Dollar
In the aftermath of the Covid shock, interest rates in the US moved down to near zero to support the economy. Low-interest rates in the US and other advanced economies increased the interest differential and attracted dollar inflows in an emerging market like India. Since the beginning of 2022 FED has indicated that it will move its focus from ultra-accommodative monetary policy to...
Weekly Market Report For 11th July to15th July 2022
The market remains extremely volatile; the Nifty rangebound between 15,900-16,200 Equity markets continue to remain volatile, and range-bound. The range however seems to have shifted higher from 15600 – 15800 and 16000 – 16200. The uncertainty regarding the direction of index movement remains due to high inflation in the economy and uncertainty over the FII inflow in the...
Weekly Market Report For 10th – 14th July
Market stabilizes after a steep fall, Q2 earnings season, and Commodity trends dictate trend. Markets posted third straight weekly gains on the back of strong global market cues and broad-based buying in all sectoral indices. Sentiments got a boost as the Reserve Bank of India (RBI) announced a series of measures to attract foreign flows in a bid to protect the local currency amid...
Pre Market Analysis For 29th April 2022
Markets ended higher yesterday led by support from key index heavyweights. FIIs turned net buyers (net sellers in the last 14-trading sessions) and stable oil prices also supported the sentiments. Today, we expect the market to open on a positive note on account rally in the global markets. The overall view remains positive for a target of 19867 by May end on a positional basis. The...
Fed Rates Potential Impact on the Indian Market
When America sneezes the world catches a cold! I am sure you must have heard this ample times ever since the 2008 recession. The US has been a global leader and its policy affects the entire world. Most of the world trade is carried with the help of US dollars which serves as a medium of exchange to facilitate trade. The dollar is considered to be a global reserve currency. The U.S Fed had...
Weekly Market Research by Fintoo – 3rd Oct 2021
Mood turns cautious on global cues Markets turned cautious during the week as inflation fears persisted and expectations grew that the U.S. Federal Reserve would tighten policy in the coming months along with concerns about the prospect of higher borrowing costs, a possible US debt default. In China, worries about the potential impact of a widening power shortage and Chinese property...
Weekly Market Research by Fintoo – 26th Sept 2021
Bull-run continues; F&O expiry and auto sale numbers in focus: Markets continued its euphoric bull run with Sensex surging past the 60,000 mark for the first time ever. Positive global cues, diminishing concerns about a possible third wave of the coronavirus pandemic and report that FPIs stock holding value soars to USD 630 bn as of August 2021 also perked up the sentiments. Asian markets...
Weekly Market Research by Fintoo – 19th Sept 2021
Bulls back in charge; U.S Fed meeting to dictate trend this week Bulls once again were seen active during last week with Nifty surpassed 17700 levels while Bank Nifty clinched above 38000 levels in intraday trades. However, traders booked profits at higher levels ahead of the weekend as both the indices gave up some gains in Friday’s session. The Government announced a slew of...