A nifty break above the trading range, upside seen at 17,500-17,800
After three months of consecutive decline, equity markets rallied sharply in July’22. Nifty and Sensex gained about 9% each while the Midcap index gained 12%. Sentiments turned positive on hopes the U.S. Fed will slow down its pace of interest rate hikes at its upcoming meetings.
However, the unexpected...
The market remains extremely volatile; the Nifty rangebound between 15,900-16,200
Equity markets continue to remain volatile, and range-bound. The range however seems to have shifted higher from 15600 – 15800 and 16000 – 16200. The uncertainty regarding the direction of index movement remains due to high inflation in the economy and uncertainty over the FII inflow in the...
Market stabilizes after a steep fall, Q2 earnings season, and Commodity trends dictate trend.
Markets posted third straight weekly gains on the back of strong global market cues and broad-based buying in all sectoral indices. Sentiments got a boost as the Reserve Bank of India (RBI) announced a series of measures to attract foreign flows in a bid to protect the local currency amid...