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Weekly Market View – 18th July 2020

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.…

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India Trade Data June 2020

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…

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Daily Market Outlook – 16th July 2020

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…

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Daily Market Outlook – 15th July 2020

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…

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Daily Market Outlook – 14th July 2020

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.…