Weekly Market Report For 8th to 12th August
Key indices logged in gains for the fourth consecutive week as positive global cues and upbeat results from India Inc aided sentiments. Global sentiments were upbeat as traders reacted to the US Labour Department report showing an unexpected decrease in producer prices in the month of July, raising hopes that inflation in the US may have peaked. This raised expectations that the Fed will...
Weekly Market Report For 1st to 5th August 2022
Markets extend gains, and FIIs flows and earnings are in focus this week. Markets gained for the third consecutive week as sentiments remained upbeat on the back of better-than-expected earnings and the expectation of a peak out in inflation due to easing commodity prices. Globally, rising tensions between the U.S. and China after House Speaker Nancy Pelosi’s visit to Taiwan...
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...
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...