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...