NIFTY: The market again opened with a gap up, just a little below 11000. After moving sideways during most of the day, the Nifty again had a late hour rally and closed above 11000. The market action during the day was choppy except for the last hour then the big rally came in. Trading was…
NIFTY: The Nifty opened with a gap up and then moved sideways maintaining the benefits of the gap. Towards the last hour of the day, the index started a handsome rally which led it to gain more than 100 points in half and hour and closed above 10900. The market on Friday was completely one…
Glenmark Pharmaceuticals Limited is a global pharmaceutical company. The Company is engaged in the development of new chemical entities (NCEs) and new biological entities (NBEs). Its segments are India, United States, Latin America, Europe and Rest of the World (ROW). It has approximately seven molecules, over two NCEs and approximately five NBEs in various stages…
KEY HIGHLIGHTS The 10-year Indian government bond yield Increases 0.78% to 5.805% from 5.760% in the week gone by. US 10 year benchmark decreases to -3.21% as compared to 0.623% in the previous week. Rating agency ICRA has revised its forecast for contraction in India’s GDP in FY21 to 9.5 % from 5 % it…
Indian Market Outlook: The Key benchmark indices rose over 1% over the week. This is the fifth straight week that the Indian market ended with gains. Nifty ended the week 1.24 percent higher at 10902 points while Sensex ended 1.16 percent higher at 37020 points. The mixed performance was seen from the broader market space.…
India registered a trade surplus for the first time in more than 18 years with the balance in June turning in the country’s favour at $790 million. Merchandise exports plunged 12.4% and imports fell 47.6% in June. In May, merchandise exports and imports had declined by 36.5% and 51.1%, respectively. Exports – Exports of 12…
NIFTY: The Nifty opened with a gap up of about 90 points then moved inside a narrow trading range for the best part of the day. It is only after 2:30 PM that a new uptrend started and the Nifty crossed 10700 to close at the top of the day at 10740. The index was…
NIFTY: After daybefore’s sharp decline, cheerful American markets suggested that the Nifty may open higher. The Nifty opened almost with a 100 point gap up at 10700, and then quickly rushed to 10800. This is the point at which significant resistance has come in multiple times earlier. The same happened this time also. The Nifty…
NIFTY: The US markets which were trading at new highs daybefore suddenly turned weak and closed with a loss of almost 1%. This decline affected all Asian markets that opened yesterday. The Nifty also opened lower and from the morning itself began a slide that took down all the way to 10600. The index closed…
NIFTY: The Nifty opened with a large upwards gap, but did not sustain the higher levels, and began falling almost immediately after the first 30 minutes. The Nifty fell to make a low of 10756 and then began an intraday rally which saw it cross 10800 again. The trend was mainly down throughout the day.…