View on market: Stay Cautious, be with quality business: Stocks extended decline Tuesday amid a surge in bond yields due to anticipation of sharper Federal Reserve interest-rate hikes to fight inflation. Shares shed over 1% in Japan and South Korea and tumbled more than 5% in Australia. US…
NIFTY: Nifty opened at 16283.95 with a big down of 277 points. The index was not showing any strength after the opening its continue leads to down momentum whole day. However, prices found support and then give a small pullback higher side. The index recorded its…
View on market: Stay Cautious, be with quality business: US equity futures and Asian equities fell early Monday after US inflation print piled the pressure on the Federal Reserve to intensify monetary tightening. Nasdaq 100 contracts lost over 1%, while those for the S&P 500 fell. Asian futures…
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NIFTY: Nifty opened at 16263 with a big gap down of 93 points. The index first tried to continue down momentum and makes low at 16243.85. However, prices found support at 16250 and then rallied higher. The index recorded its intraday high at 16492.80 in the last session…
View on market: Stay Cautious, be with quality business: Stocks fell and the US dollar held near three-week high on Friday, amid concerns of high inflation and slowing economic growth. Equities declined in Japan, Australia and South Korea. US futures were volatile after incurred losses during market hours.…
NIFTY: Nifty opened at 16474.95 with a gap up of 58 points. The index initially moved lower, filled the gap, and then fall further to record its intraday low at 16293.35.Prices then bounced up very sharply for almost an hour and recovered all the losses that came during…
View on market: Stay Cautious, be with quality business: Stocks were volatile in Asia and bonds fell as stagflation risks persisted. Equities were mixed in Japan and declined in Australia and South Korea. US futures wavered after the Wall Street snapped a two-day rally, as crude oil prices…
Key Highlights: The MPC voted unanimously to increase the policy repo rate by 50 bps to 4.90% Reverse repo rate remains unchanged at 3.35%. Decided to remain focused on withdrawal of accommodation The marginal standing facility (MSF) rate and the Bank rate increased by 50 bps to 5.15…
View on market: Stay Cautious, be with quality business: Stocks in Asia opened steady Tuesday after a jump in Treasury yields capped gains on Wall Street. The yen extended a drop to a 20-year low. Equities in Japan gained as its currency plunged on a widening interest-rate gap.…