Weekly Market Report From 15th to 19th May 2023
Rangebound trend last week; Uptrend intact in Nifty, 18,500 in sight Markets remained volatile in the week gone by and ended almost unchanged as Nifty closed above 18200 levels, with a mixed performance from the broader markets. Uncertainties related to U.S. interest rates and the U.S. debt ceiling standoff have prompted investors to stay cautious even as FIIs continued to pump money into...
Weekly Market Report From 8th to 12th May 2023
Markets gains on FII flows; Uptrend intact in Nifty Markets logged in decent gains on encouraging Q4 results by key corporates and persistent buying by the FIIs. Domestic market sentiments also took a hit after data suggested a possible slowdown in the US economy. Globally, investors were worried about the US debt-ceiling and stability of the banking industry. A slew of weak economic data...
Weekly Market Report From 1st to 5th May 2023
Markets flat, HDFC twins correct on MSCI changes; Q4 results & macro data to dictate trend Indian markets remained highly volatile in the week gone by, as most of the gains witnessed during the week got surrendered in Friday’s session, as intense selling pressure was observed on the back of profit booking and ended on a flat note. Renewed buying by foreign institutional investors...
Weekly Market Report From 10th to 14th Apr 2023
Nifty surpasses resistance; IT stocks to play spoilsport Markets extended gains for the third consecutive week on continued support from global markets and FIIs inflows. The Nifty surpassed the important barrier of 17,800. The Nifty IT index fell and dragged the benchmark index and results from heavyweights TCS and Infosys were below expected. Globally, poor retail sales data in the U.S....
Weekly Market Report From 03rd to 07th Apr 2023
Market gains as RBI holds rates; Quarterly results will be in focus this week Markets gained in a holiday-shortened week in spite of global market volatility as an unchanged stance by the RBI in its monetary policy meeting aided the sentiments. The global stock market witnessed volatility on evidence of a cooling economy which accentuated worries that the Federal Reserve’s campaign...
Weekly Market Report From 27th to 31st Mar 2023
Markets recover on global cues; RBI Policy in focus this week Markets recovered after three weeks of decline as global cues remained positive and flight to risky assets increased as investors chased riskier assets on calming concerns of systemic risk in the US banking system. For the week, the Nifty ended higher by 2.4 pct to 17,360 levels. Nifty Midcap 100 and Nifty Smallcap 100 gained...
Weekly Market Report From 20th to 24th Mar 2023
Caution prevails; Global cues in focus this week Volatility was high last week on subdued global market sentiments as fears of contagion in the global banking sector weighed. Cautiousness also prevailed after the government hiked securities transaction tax (STT) on futures & options contracts. Globally, the US Fed increased the rate as was widely expected by 25 bps to 4.75-5 pct. The...
Weekly Market Report From 13th to 17th Mar 2023
Markets fall on global cues; US Fed meeting in focus in the coming week. Benchmark indices witnessed a sharp sell-off during the week and the Nifty slipped below the 17,000 level for the first time in over five months, taking cues from weak global markets. The turmoil in the US banking space with the failure of Silicon Valley Bank (SVB) and the closure of New York-based Signature Bank...
Weekly Market Report From 06th to 10th Mar 2023
Nifty slips on hawkish Fed; Global cues will be in focus in the coming week Indian markets stayed in correction mode on weak global cues as investors turned cautious ahead of the crucial jobs report later in the week. Markets were once again worried about sharper rate hikes after Fed Chair Powell hinted at a higher peak rate which triggered a large dollar rally. Global markets were also...