NIFTY: GLOBAL MARKETS The US markets have exhibited intense, volatile movement, with the DOW having daily ranges of 1000 points and more, for the last few days. The market may continue to move around current levels with the large daily range and can continue to cause volatility and chaos among traders. We would also expect…
Indraprastha Gas Limited (IGL) is an India-based city gas distribution company. The Company’s business consists of sale of natural gas. The Company is focused on industrial and commercial business. The Company supplies compressed natural gas (CNG) to the transport sector and piped natural gas (PNG) to the domestic, industrial and commercial sectors in Delhi and…
KEY HIGHLIGHTS Domestic indices ended with significant losses, posting their third straight weekly decline. Sentiment was hurt after the RBI placed Yes Bank under a moratorium. 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 6 March…
Indian Market Outlook: The Key benchmark indices fell around 2 percent over the week due to Yes Bank crisis and the rising number of coronavirus cases. COVID-19 cases surpassed 100,000 worldwide on Friday as the new flu-like coronavirus continues to spread outside of China, the epicenter of the outbreak. In the week ended on Friday,…
NIFTY: The NIFTY continued its intense involvement with volatility. The markets opened higher then fall more then 250 points to recover again 200 points. This sounds like a drama, and it is one. High volatility environment are meant to be observed and seen, and not to be traded. With all the drama surrounding volatility,…
Elite Wealth Advisors Ltd. released Monthly stock portfolio March 2020. Our stock market research analysts always recommends best stock picks to our clients for investing in share market. There are 10 best stocks in this month, for your better portfolio which are given below: Monthly Stock Picks – March 2020 Company Recommendation Accumulate Price (Rs) Target (Rs)…
NIFTY: Markets opened with a good deal of cheer, thanks to a sharp recovery in the US markets on Monday. The gains continued to remain stable, till a news item on corona virus created a sudden panic market. Panic driven market can do anything, which is what this market did. Finally the index closed with…
Maruti Suzuki India Total sales down 1.1 percent year-on-year at 147,110 units in February compared to 148682 units in the month year ago. Total domestic sales down 1.62 percent at 136,849 units. Exports up 7 percent at 10,261 units. Tata Motors Total sales down 32 percent year-on-year at 40634 units in February compared to 60151…
NIFTY: There is no hard and fast rule that 10% is the limit. We may correct more. But the opportunity to enter the market has now become open and visible. Volatility remains high and unacceptable. While we would have suggested buying at current levels, the increased volatility prevents us from doing so. We therefore suggests…
KEY HIGHLIGHTS The 10-year Indian government bond yield decreases 0.79% to 6.371 from 6.422 in the week gone by. US 10 year benchmark decreased 23.44% to 1.163 as compared to 1.519 in the previous week. Indian stock markets crashed due to corona virus, a viral outbreak that began in China will weaken the world economy.…