Weekly Market Report From 20th to 24th Feb 2023
Nifty slips near the bear market range; Macroeconomic data in focus Markets continued to reel under pressure on weak domestic and international cues as Nifty dipped below the crucial long-term support of the 200-Day EMA of 17,569 levels. Markets were worried that the US Federal Reserve might raise interest rates further to curb inflation along with fresh foreign fund outflows also dented...
Weekly Market Report From 13th to 17th Feb 2023
Markets back in 17,800-18,200 range; Global cues will remain in focus Equity markets continued to remain volatile during the week as caution prevailed in the later part of the week, after a fresh slate of U.S. economic data, which increased bets that the Federal Reserve would keep interest rates higher for longer. US CPI came in at 6.4 pct YoY for January, a bit higher than the 6.2 pct...
Weekly Market Report From 06th to 10th Feb 2023
Markets remain rangebound; Global cues, Adani news will remain in focus Markets remained rangebound and ended on a flat note for the week while broader markets outperformed. On the expected lines, the Reserve Bank of India (RBI) raised the key policy repo rate by 25 bps and said it remained focused on the withdrawal of accommodation. The U.S. Fed said 2023 would be a year of...
Weekly Market Report From 30th Jan to 03rd Feb 2023
Union Budget supports, Adani disappoints; RBI Policy in focus this week Volatility remained high during the week as the Union Budget was presented which exceeded market expectations. However, weakness in Adani Group stocks and continuous selling in these shares dented the market sentiments. In Budget 2023-24, finance minister Nirmala Sitharaman announced a capital expenditure outlay of Rs...
Weekly Market Report From 23rd to 27th January 2023
Nifty breaks down from the 17,800-18,200 range; Union Budget in focus Markets were corrected last week after a failed attempt to close above 18130 and were followed by Nifty declining over 2 pct while Bank Nifty tanked more than 5 pct. After spending a lot of time in a defined range of 17800 – 18200, Nifty has given a breakdown below key support of 17800 and now trading at...
Weekly Market Wrap For 16th To 20th January 2023
Markets remains indecisive; Union Budget at Centre-Stage Markets for the week ended with marginal gains to form back-to-back ‘Doji star’ on candlestick as Nifty struggled to sustain above 18130 showing signs of indecisiveness. Markets remained in a range as cautiousness prevailed ahead of the upcoming Union Budget. Global stock markets were cautious on concerns the Federal Reserve will...
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...