NIFTY: The NIFTY had a good day today, opening with an upside gap, then maintaining that gap and closing with significant gains at 8597, up 316 points, almost 3.8%. With these gains, the NIFTY has erased yesterday’s losses. Our markets were helped by a worldwide rally yesterday and today morning. New up move or dead…
NIFTY: US markets had closed lower on Friday. This was reflected in most Asian markets when they opened today. Our own market opened lower, and after an early morning effort to go up, finally gave up and closed significantly lower, closing almost at the lowest point of the day. With this decline, the NIFTY is…
NIFTY: The NIFTY opened with a significant gap in anticipation of a press conference by the RBI. The Conference was held at 10 AM and the RBI governor gave a number of benefits and incentives on the monetary front. Once the RBI governor had completed his conference, the NIFTY started to slow slide down. Just…
MPC and RBI Announcements: The Monetary policy Committee voted 4-2 to cut repo rate by 75 bps to 4.40% and reverse repo by 90 bps to 4%, Cash Reserve Ratio too has been cut by 100 bps to 3%. RBI Governor Says Projection of growth and inflation will be heavily contingent on spread and duration…
NIFTY: Indian equity markets advanced for the third straight day, registering the best three day rally since may 2009. the NIFTY ended 3.89 percent higher at 8641. 38 out of 50 stock ended with gains. Today’s move takes NIFTY’s 3-day advance to 13.7 percent. Among sectoral indices, all the sectors ended with gains with the…
NIFTY: Indian equity markets staged a strong rally in the second half of the trade to post their best one-day gain since 2009. The NIFTY saw its best single day jump since 2009, closing 6.62% percent higher at 8317.38 out of 50 stocks on the index ended with gains. This is also the first…
NIFTY: The NIFTY continued its decline following a stunning 12.98% fall which would be a record of some kind. The NIFTY did the unthinkable – fell below 8000, a level which some of us thought we will never see again. Markets being what they are, continue to surprise us. What do you do when…
NIFTY: A relief rally in NIFTY continued for the second day and index closed higher today for the first time in this week. Yesterday NIFTY saw a bounce back from the lows at 7832.55. That momentum continued today but with a stronger pace as prices have witnessed a remarkable rally of more than 700…
NIFTY: When will bear market end? Markets fell more than 4000 points from their lifetime highs. If we take today’s lows, then the NIFTY has dropped 4600 points from its lifetime high to today’s lows, and almost 35% of its total value gone in just a month. A very fair question comes to our mind:…
Major events cancelled, Travel bans, and Mass gatherings prohibited Stock markets collapse………where is an opportunity? The ongoing spread of the new coronavirus has become one of the biggest threats to the global economy and financial markets. The virus, first detected in the Chinese city of Wuhan in December 2019, has infected more than 185,372 people…