Weekly Market Report from 2nd September to 6th September 2024
The Indian stock market witness weakness in this week after 3 week gaining streak. Key indices Nifty and Sensex closed at 24,852 (fell by 1.17 pct) and 81,183 (fell by 1.24 pct). Weakness in global markets forced Indian markets to trade lower. BSE Mcap stood at Rs. 460 trillion and NSE Mcap stood at 456.82 trillion. Globally investors were worried ahead U.S. jobs report that could...
Weekly Market Report from 19th August to 23rd August 2024
The Indian stock market benchmarks had a calm day of trading on Friday staying within a tight range and key indices Nifty and Sensex closed at 24823 (up by 0.05 pct) and 81086 (up by 0.04 pct), influenced by potential rate cuts by Fed Chairman Powell. However, tensions in the Middle East stayed on investors’ minds as fighting continued in parts of Palestinian territory. U.S....
Weekly Market Outlook
Nifty extends gains 21K mark; Global cues in focus Markets ended with a minor cut last week as the Reserve Bank of India (RBI) kept its key interest rate unchanged for a sixth consecutive meeting, in line with expectations. RBI held the short-term interest rate steady for the sixth time at 6.5 pct. While it was in line with expectations, there were hopes for positive commentary from the...
Weekly Market Outlook From 11th Dec to 15th Dec 2023
Nifty extends gains 21K mark; Global cues in focus Markets for the week extended gains for seventh straight week which forced Sensex to cross weekly resistance line of rising wedge placed at 70,400 on back of gains mainly from technology Index. Buying was witnessed across sectors after the US Federal Reserve kept its key interest rate unchanged and signaled rate cuts next year. Also,...
Weekly Market Outlook From 4th Dec to 8th Dec 2023
Nifty hits 21K mark; Fed, BoE, ECB meetings in focus Benchmark indices gained for sixth straight week on back of strong macroeconomic data, optimism surrounding U.S. rate cut in March, and the ruling BJP’s win in three key state elections. Global markets were firm buoyed by improved sentiments worldwide regarding the end of the rate hike cycle. The Nifty ended up 3.5 pct to 20,969...
Weekly Market Outlook From 30th Oct to 3rd Nov 2023
Markets volatile; Q2 results, geopolitics in focus. Markets rallied taking cues from positive markets after the U.S. Fed maintained its stance on interest rates, fueling expectations that the central bank has concluded its rate hikes. Positive auto sales figures, an increase in GST collection, robust factory data, and Q2 earnings surpassing estimates also contributed to the positive...
Weekly Market Wrap From 9th Oct to 13th Oct 2023
Markets volatile; Q2 results, geopolitics in focus. Markets gained for the second-straight week; however volatility was high following some negative global cues including the Israel-Palestine conflict amid selling by foreign institutional players. Global stock market was volatile as investors were cautious amid the ongoing conflict between Israel and Palestinian group Hamas in the Middle...
Weekly Market Wrap From 4th Sept to 8th Sept 2023
Nifty extends rally; Will Nifty Sustain the 20k mark? Benchmark indices gained for the second week in a row and the Nifty settled above the key levels of 19,800 on the back of strong economic data. Markets have reacted positively to various announcements at the G-20 Summit. Globally, markets witnessed a volatile session with the biggest drag from Apple and a sell-off in chip stocks over...
Market Morning Notes For 6th Sept 2023
Markets witnessed a euphoric upmove in broader markets especially the midcap and small-cap segment despite USDINR crossing above 83 and Brent trading above 90$. A similar euphoric phase in the midcap and small-cap phase was witnessed in 2008 when the monthly RSI displayed V-divergence from the overbought zone and prices followed with a steep decline. Currently, Brent crude prices have crossed...