Weekly Market Wrap From 24th July to 28th July 2023
Result season keeps the market busy; Macro data, Brent prices, and Currency movement are in focus Benchmark indices fell after four-week gains on selling pressure in index pivotals. Some profit booking was observed which consequently dragged down the key indices. The global stock market continued to move upward. The Fed raised the interest rates by 25 bps to 5.25 to 5.50 pct. The Federal...
Weekly Market Wrap From 17th July to 21st July 2023
Nifty faces hurdles near 20K; Fed Meeting, Q1FY24 results season in focus The benchmark indices gained for the fourth consecutive week despite a 1 pct decline on Friday which was mainly triggered by disappointing full-year guidance by Infosys. However, the sentiments were upbeat for the most part of the week on the demerger-led value unlocking of Reliance Industries and sustained FII...
Weekly Market Wrap From 26th June to 30th June 2023
Nifty crosses 19K convincingly; FII flows, results season in focus Markets gained sharply at the beginning of the July series as the bulls made a strong comeback resulting in new highs in the benchmark indices. Nifty breached the significant psychological level of 19,000, while Nifty Bank reached an all-time high during Friday’s session. Sustained buying by the FIIs and the advance...
Weekly Market Wrap From 19th June to 23rd June 2023
Nifty near an all-time high, Monsoon progress, global cues in the limelight Benchmark indices inched towards new highs as optimism over the domestic economy and FII inflows boosted investors’ confidence. Volatile was high with Nifty closing the week above the crucial support level of 18600, while the Bank Nifty once again struggled to hold 44000 level. For the week, the Nifty fell 0.8 pct...
Weekly Market Report From 5th to 9th June 2023
Nifty ends flat, RBI policy outcome as expected; Fed Meet in focus. Markets remained range bound, and the Nifty ended almost flat during the week helped by firm global trends and positive news flow on the domestic macro front. The Reserve Bank of India’s Monetary Policy Committee’s decision on June 8 to hold policy rates was pretty much along expected lines and the overall...
Weekly Market Report From 29th May to 2nd June 2023
Nifty flat for the week; RBI policy in focus Benchmark indices traded flattish positive bias, but midcap and smallcap indices outperformed. Sentiments across the globe were boosted after the US Senate approved the debt-ceiling suspension till January 1, 2025, thereby, averting a default. For the week, the Nifty ended flat at 18,534 levels, up 0.2 pct while the Nifty Midcap 100 and Nifty...
Weekly Market Report From 22nd to 26th May 2023
Nifty settles near 18,500; Uptrend intact Markets last week turned bullish, and the June series began on a positive note as the Nifty tested 18500 mark while Banking Index closed above the key psychological level of 44000 mark. Index heavyweights like RIL, TCS, ICICI Bank & HUL provided good support. Positive commentary from US Fed, consistent FII buying and healthy results from Index...
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....