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...
Weekly Market Wrap From 28th Aug to 1st Sept 2023
Nifty bounces from support; Global cues, Brent prices to be watched Nifty closed in the green after 5 consecutive losses on the weekly chart. Buying interest was seen in metal stocks followed by auto and consumer durable stocks last week. Conversely, there was a trend of profit-taking in oil & gas, FMCG and pharmaceutical stocks. Healthy macroeconomic data, including the June quarter...
Weekly Market Wrap From 7th Aug to 11th Aug 2023
Result season keeps market busy; Macro data, Brent prices, Currency movement in focus Markets extended the downfall for the third week in a row as gains were capped after the RBI, in a surprise move, imposed a 10 pct incremental cash reserve ratio (ICRR) on banks starting August 12. Inflation concerns resurfaced as RBI elevated their CPI forecast by 30 bps to 5.4 pct. Global markets was...
Weekly Market Wrap From 24th July to 28th July 2023
Result season keeps the market busy; Macro data, Brent prices, and Currency movement are in focus Benchmark indices fell after four-week gains on selling pressure in index pivotals. Some profit booking was observed which consequently dragged down the key indices. The global stock market continued to move upward. The Fed raised the interest rates by 25 bps to 5.25 to 5.50 pct. The Federal...