NIFTY: The NIFTY had a strong gap up, and then remained range bound inside a narrow range throughout the day, finally closing with a significant gains, maintaining the gains of the Gap as well as adding to it. The NIFTY closed at 9111.90, up 363 points, almost 4%. This is a very impressive gains coming…
Indian Market Outlook: Domestic stock markets climbed up nearly 13 per cent in the holiday-truncated week. In the three-day trading week, the S&P BSE Sensex index added a total 3,568.67 points to clock a gain of 12.93 per cent, whereas NSE Nifty 50 benchmark rose 1,028.1 points or 12.72 per cent. BSE Mid Cap Index…
KEY HIGHLIGHTS The 10-year Indian government bond yield Increases 2.84% to 6.490 from 6.306 in the week gone by. US 10 year benchmark increases to 17.83% as compared to 0.60% in the previous week. Domestic market, a rise in coronavirus cases in the country fanned fears of the government extending the lockdown to contain the…
NIFTY: Yesterday’s blazing rally followed in the early morning trade when the NIFTY actually crossed 9000 and went all the way to 9100, which was a good 250 points higher than yesterday’s close. This morning rally was apparently a trap, set up for the bulls. A decline started from 9150 and then went all the…
NIFTY: Indian equity markets began the truncated weak on a resounding note, staging their biggest one-day gain since 2009. The NIFTY gained 8.7 percent to end at 8792. All the 50 constituents of the index ended in the green, including BAJFINANCE and BAJAJFINSV which traded with losses until the final hour of trade. 21 stocks…
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NIFTY: After Thursday’s holiday, the NIFTY opened with a gap up but could not sustain and continued to drift lower finally closing down by 170 points or 2%. Indian markets are likely to follow signals given by the US markets. This means, if US moves higher, we are likely to move up. If the…
KEY HIGHLIGHTS The 10-year Indian government bond yield Increases 2.57% to 6.306 from 6.14 in the week gone by. US 10 year benchmark decreased 12.85% to 0.60% as compared to 0.68% in the previous week. Domestic bourses continued to witness downward trend and declined over 2 per cent loss on Friday as Covid-19 cases showed…
Indian Market Outlook: The Key Bechmark indices fell over 6-7% this week due to rising cases in India and Worldwide. The number of coronavirus infections in India inched closer to 3,000 on Friday, with a surge in Delhi, Tamil Nadu and Telangana. The United States also recorded nearly 1,500 deaths from COVID-19 between Thursday and…
NIFTY: The NIFTY fell on Wednesday, with weak American markets overnight setting up the scenario for a decline. By falling almost 4%, the NIFTY has given up all the gains it accrued on Tuesday. This is not such a terrible thing. We feel that we are now inside a trading range, which means that markets…