Pre Market Analysis – 13th Jul 2021
Nifty witnessed selling in last hour of trade to erase its opening gains on Monday and closed below the 15,700 mark. The weakness was mainly on back of selling in 10-year bond prices where India 10-year bond yield crossed 6.2% and this may put further pressure on rupee in the near-term. Although, trading range of 15,620-15,900 prevails for almost for a months, but markets remains...
Pre Market Analysis – 29th June 2021
Benchmark indices remained under pressure on Monday, however the midcap and small cap indices managed to outperform despite Nifty closing in the red. The volume activity in the past few days have been shrinking 20% below average and this may provide an early warning signal before broad-based selling in the markets. The key trigger for market in the next few days may come from movement in...
Pre Market Analysis – 28th June 2021
Market gained 1% for the week on back of Biden supporting another stimulus in form of USD 1 Trillion infrastructure plain which led to Nasdaq rallying 2.3% in last week. However, despite such positive news, Nasdaq 100 ended in negative on Friday to form a ‘Bearish Engulfing’ pattern on daily chart as it moved into upthrust of rising wedge. The strength in USDINR has already brought...
Pre Market Analysis – 25th June 2021
Indian Market View Market remained range bound on Thursday with Nifty facing resistance at 15900 while volumes remained on lower side on spot markets despite monthly derivatives expiry. Nifty is unable to put up significant gains in the past few days due to breakout in USDINR above 73.86 and we may see sharp reversal in markets if USDINR crosses the 74.35 mark. Bank Nifty is facing...
Pre Market Analysis – 24th June 2021
Indian Market View: Nifty index opened positive but failed to even hold its opening levels and after a volatile swing it drifted towards 15673 levels. It has been finding sustained selling pressure near to its life time high of 15850-15900 zones from last few trading sessions. It closed with losses of around 85 points. Nifty has been battling with resistance of 15850-15900 in the past few...
Daily Market Analysis– 21st May 2021
Indian Auto Industry ended FY21 on a strong note, but what is in store for the next few Quarters? Indian Auto Industry was facing a slowdown in FY20 amidst transitioning to Bharat VI norms and an economic slowdown in the country. Fears of a complete slump suddenly became real with the onset of the Covid-19 pandemic. Lockdown in the entire country meant that manufacturing came to a grinding...
Daily Market Analysis– 20th May 2021
Daily Market Analysis on Insurance, Indian Oil Corporation, Renewable energy, Goldman Sachs, Insurers to make Life, Health cover norms tougher On account of both the pandemic as well as the Insurance Regulatory and Development Authority (IRDA) new rules for health insurance on standardization of terms and conditions. Insurers will be making the purchase of life and health cover...
Daily Market Analysis – 17th May 2021 (IPO)
Upcoming IPO Supriya Lifescience IPO Supriya Lifescience has filed for preliminary papers with SEBI to raise 120 Crore through IPO. It is one of India’s key manufacturers and suppliers of API with its focus on research and development. The IPO is said to issue fresh equity shares worth Rs200 Cr and an offer for sale of up to Rs 1,000 Crore by its promoter Satish Waman Wagh. The proceeds...
