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 27th Feb to 03rd Mar 2023
Nifty bounces from support levels; Global cues will be in focus in the coming week Markets ended with minor gains with broader markets outperforming as sentiments remained cautious on weak global cues. Markets ignored Federal Reserve Bank of Atlanta President Raphael Bostic’s comments that the central bank could be in a position to pause rate hikes sometime this summer. For the week,...
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...
Weekly Market Wrap For 14th To 18th November
Markets sees selling pressure; Derivative expiry to dictate trend in coming week Nifty took a pause last week after four weeks of consecutive gains as selling pressure was observed at higher levels on the back of profit booking. Nifty Bank however still managed to close higher in the week gone by. Volatility was also observed during the week as the tug-of-war between bulls and bears kept...
Weekly Market Report For 29th Aug To 2nd Sept
Markets extend flat in a volatile week; FII flows and global cues dictate the trend. Market Wrap Markets ended flatly in the highly volatile week as global growth concerns weighed on investor sentiment. Besides, weaker-than-expected domestic Q1FY23 GDP data and a marginal downtick in Manufacturing PMI for August worried investors. India’s gross domestic product (GDP) rose 13.5% YoY...
Weekly Market Research by Fintoo – 3rd Oct 2021
Mood turns cautious on global cues Markets turned cautious during the week as inflation fears persisted and expectations grew that the U.S. Federal Reserve would tighten policy in the coming months along with concerns about the prospect of higher borrowing costs, a possible US debt default. In China, worries about the potential impact of a widening power shortage and Chinese property...