Indian Market Outlook: The Key benchmark indices fell over one percent over the week due to weak global cues with rising US bond yields dampened sentiment towards risky assets such as emerging markets. Another factor weighing on investor sentiment is the rise in crude oil prices. Brent crude touched $65 a barrel this week before…
Indian Market Outlook: The Key benchmark indices rose over nine percent over the week led by the boost from budget 2021. Key benchmark indices record the biggest-ever Budget Day gain in 10 year, Bank Stocks contributes most to the gain. Nifty ended the week 9.61 percent higher at 14924 points while Sensex ended 9.61 percent…
Indian Market Outlook: The Key benchmark indices fell over five percent over the week due to continuous FII selling under a weakening global trend. Nifty ended the week 5.13 percent lower at 13634 points while Sensex ended 5.3 percent lower at 46286 points. Broader market outrperformed the key benchmark indices. BSE Midcap index ended 3.62…
Indian Market Outlook: The Key benchmark indices rose for a third straight week however posted their biggest drop on Friday in nearly a month, amid a decline in global markets, after US President-elect Joe Biden’s $1.9-trillion Covid-19 relief plan sparked concerns over an increase in corporate taxes. Nifty ended the week 0.6 percent higher at…
Indian Market Outlook: The Key benchmark indices rose over 1 percent over the week on the back of positive global cues, optimism on vaccine rollout, healthy business figures reported by banking and auto companies and hopes of strong quarterly outcomes. Joe Biden’s confirmation as the next US president on Thursday led to a global rally…
Indian Market Outlook: The Key benchmark indices rose over 1 percent over the week on the back of optimism over economic recovery, liquidity and stimulus support, and vaccine developments. Indian markets are relentlessly scaling new highs with Nifty-50 breaching the 14,000 level and BSE Sensex close to the 48,000 mark. Nifty ended the week 1.96…
Indian Market Outlook: The Key benchmark indices rose over 1 percent during the week on the earlier-than-expected deployment of Covid-19 vaccines, impending US fiscal stimulus and decreasing domestic Covid-19 cases. Nifty ended the week 1.83 percent higher at 13760 points while Sensex ended 1.87 percent higher at 46960 points. The rally was also supported by…
Indian Market Outlook: The Key benchmark indices rose over 2 percent during the week on the back of vaccine news, better than expected GDP data for the September quarter as well as dovish commentary by the Reserve Bank of India (RBI) back home despite rise in the inflation forecast to boost growth. Sensex touched a…
Indian Market Outlook: The Key benchmark indices rose higher during the week however gains were capped due to weak global cues and doubts over AstraZeneca’s vaccine efficacy. Nifty managed to breach 13,000 for the first time in history while Sensex crossed 44,000 points. Nifty ended the week 0.6 percent higher at 12969 points while Sensex…
Indian Market Outlook: The Key benchmark indices rose over 1 percent over the week. Sensex and Nifty are up more than 10% in November, the best month so far this year on the back of inflows from foreign institutional investors, positive COVID-19 vaccine trial results and a better economic outlook than before. Nifty ended the…