NIFTY: The NIFTY is down another 425 points today making this a horrible week for traders, assuming that most traders are buyers. It is just three days into the week, and the index is already down about 1500 points, which is 15%. For any meaningful trading to take place, this panic must stop. Markets…
NIFTY: Just another day in the market It is become business as usual with the NIFTY falling almost every day. The enormous declines that we see are no longer surprising. Maybe, we have become immune. The NIFTY fell more than 250 points, which would mean about 2.5% and should have been a remarkable day, except…
NIFTY: US FED reduces interest rates, US markets are locked down Such is the nature of the bear market this time. Almost always, a FED rate cut results in a sudden and serious rally. This time, two rate cuts in just 15 days have resulted in markets going limit down in the US. While the…
NIFTY: The NIFTY had the time of its life today. When it went through a series of dramatic movement, which would have been unimaginable even yesterday. On the back of 11% decline in US market, the NIFTY opened and almost immediately locked in a lower circuit. When the market opened after 45 minutes, it actually…
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KEY HIGHLIGHTS Domestic indices ended with significant losses, posting their fourth straight weekly decline. Global stocks were also under pressure due to the fast-spreading coronavirus, which has killed several thousands and disrupted supply chains across the world. In the week ended 13 March 2020, the Sensex fell 3473.14 points or 9.24% to settle at 34103.48.…
Indian Market Outlook: The Key benchmark indices on the BSE and NSE staged their sharpest single-day recovery after they hit a lower circuit of 10 per cent on Friday morning. The S&P BSE Sensex surged 1,325.34 points or 4.04 per cent while the Nifty 50 climbed 365.05 points or 3.81. However the Key benchmark indices…
NIFTY: The NIFTY continued its decline following a stunning 8.5% fall which would be a record of some kind. The NIFTY did the unthinkable – fell below 10000, 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 the…
NIFTY: The NIFTY finally had a day of rest when the index churned throughout the day but eventually closed without any losses or gains, almost unchanged. A day without any change is a welcome pause after wide ranges and significant movement on a close by close basis. RELIANCE, what is the big winner of today,…
NIFTY: The index fell more than 5% on Monday, after having fallen more than 7% in intraday trading; for an index to fall by 5% is a remarkable activity; The NIFTY is now trading at 52 week lows. 52 week highs are bullish signals. In the same way, we have to expect that 52…