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...
Weekly Market Research by Fintoo – 26th Sept 2021
Bull-run continues; F&O expiry and auto sale numbers in focus: Markets continued its euphoric bull run with Sensex surging past the 60,000 mark for the first time ever. Positive global cues, diminishing concerns about a possible third wave of the coronavirus pandemic and report that FPIs stock holding value soars to USD 630 bn as of August 2021 also perked up the sentiments. Asian markets...
Weekly Market Research by Fintoo – 19th Sept 2021
Bulls back in charge; U.S Fed meeting to dictate trend this week Bulls once again were seen active during last week with Nifty surpassed 17700 levels while Bank Nifty clinched above 38000 levels in intraday trades. However, traders booked profits at higher levels ahead of the weekend as both the indices gave up some gains in Friday’s session. The Government announced a slew of...
Weekly Market Research by Fintoo – 12th Sept 2021
#uid-93839b24d0e47e31 .heading h2 { line-height: 1.6em; font-weight: 400; } Markets flattens at the top in absence of fresh cues Nifty indices once again scaled to record highs in the week gone by as the rally got supported by mid cap and energy counter. Nifty surpassed 17,400 levels during the week but however could not manage to close above that and ended on a flat note....
Weekly Market Research by Fintoo – 5th Sept 2021
New highs yet again, relentless rally continues Markets scaled new highs in line with global market cues after the US Federal Reserve Chairman Jerome Powell struck a more dovish tone than some investors expected in a long-awaited speech last Friday. Sentiments were boosted after the RBI said that India’s holding of IMF’s Special Drawing Rights (SDR) has gone up to SDR 12.57 bn...
Weekly Market Research by Fintoo – 29th Aug 2021
#uid-f306d07d1d0022e2 .heading h2 { line-height: 1.6em; font-weight: 400; } New Highs continues, global cues to dictate trend Indian markets began September series on a positive note as Nifty hit record highs and managed to close above 16700 levels for first time. Mid cap index continued its upside momentum along with IT and FMCG counter. Banking stocks however once again...
Weekly Market Research by Fintoo – 14th Aug 2021
#uid-ca33506b71187b0a .heading h3 { line-height: 1.6em; font-weight: 400; } Nifty extends gains, attains fresh all-time high Nifty for the week rose for the second straight week to post gains of around 2% and closed above 16,500 levels while broader markets continued to remain under pressure with Nifty MidSmall 400 Index closing 1.5% lower. Investor sentiments got a boost as...
Weekly Market Research by Fintoo – 8th Aug 2021
Indian market rallied 3% for the week after the U.S. Senate approved another infrastructure stimulus worth $1 trillion to support the US economy. At the time when rent moratorium was coming to an end, this package acted as a booster shot to global financial market. Although, Nifty has managed to close above 16,000 levels, the risk levels remains highly elevated due to rise in historical...
Weekly Market Research by Fintoo – 31st July 2021
Market end volatile week lower; Outlook remains cautious Nifty for the week remained highly volatile and rebounded after moving below short term moving average of 50 DMA and finally closed with losses of less than 0.59% to 15,763 levels. The FIIs have turned aggressive sellers for the month of July by selling more Rs 25,000 crore in the cash market which remains a major cause of worry for...