KEY HIGHLIGHTS The 10-year Indian government bond yield Decreases -2.92% to 6.167 from 6.347 in the week gone by. US 10 year benchmark Decreases to -6.12% as compared to 0.64% in the previous week. Domestically, Franklin Templeton has announced that it would wind up its six open-ended debt funds due to the on-going health crisis…
Indian Market Outlook: The Key benchmark indices remains consolidated over this week due to rising cases of coronavirus cases along with the hope of second stimulus package. Also Global tech giant Facebook signed a binding agreement to purchase 9.99 per cent equity stake in Jio Platform, boost the market sentiment. In the week ended, the…
NIFTY: RELIANCE leads trust in the India story, FACEBOOK invests Rs. 45,000 crores in RELIANCE JIO Today morning started with the news that FACEBOOK is investing Rs. 45,000 crores in RELIANCE JIO. This is of course a resounding trust in RELIANCE JIO. But, it is also a vote of confidence in the India story. Markets…
NIFTY: The NIFTY closed almost unchanged for the day, closing lower by just 4.90 points, which is lower by 0.05%. The NIFTY also traded in a relatively narrow range today, with a low at 9230 and a high at 9390. The 9390 high was recorded for just a few seconds, with the actual trading high…
NIFTY: The NIFTY opened above 9300 today with a gap up of 331 points. However in the first half prices have seen a decline and made its intraday low at 9091.35. In the second half, prices have recovered all its intraday losses and finally closed at 9266.75 with a gain of 273.95 points. FINANCIALS…
Indian Market Outlook: The Key benchmark indices climbed this week on the hope of second stimulus package and RBI announced liquidity measures to support the economy and coronavirus pandemic. The rally in BSE Sensex and Nifty 50 was supported by the gains in banking and financial stocks. In the week ended, the S&P BSE Sensex…
KEY HIGHLIGHTS The 10-year Indian government bond yield Decreases -2.25% to 6.347 from 6.490 in the week gone by. US 10 year benchmark Decreases to 13.55% as compared to 0.73% in the previous week. In RBI stimulation 2.0 Reserve Bank of India Governor Shaktikanta Das announced a series of steps to help revive the Indian…
NIFTY: The NIFTY today regained some of the losses it had incurred yesterday. The index gained 67 points to close just under 9000. The index had closed at the same level on Tuesday. Therefore we have almost 3 days in which the index has been flat moving around the level of 9000. IT stocks were…
NIFTY: After yesterday’s holiday, the markets were poised to open much higher. Yesterday the S&P 500 in the US was up almost 3%. The full impact of this gain was expected to come on the Indian markets today. This did happen, with the NIFTY opening up with a gap of almost 200 points, and then…
NIFTY: The NIFTY had a choppy day on Monday, when the index finally closed with minor losses, giving up 118 points, about 1.3% down. In the process, the NIFTY closed just below 9000, at 8993. Among sectoral indices, NIFTY PHARMA was up 2.8% and NIFTY METAL was up 2%. NIFTY REALITY remained the top sectoral…