The market ended lower for the second day in a row on May 12 amid weak global cues, with the Sensex ending 471.01 points, or 0.96 percent, lower at 48,690.80 and the Nifty closing 154.30 points, or 1.04 percent, down at 14,696.50. On the sectoral front, the Nifty PSU bank index rose over 3 percent, […]
Continue ReadingSTOCKS Dow fell sharply to test 34000 as expected. It has to sustain above 33500 in order to avoid much deeper fall and also to indicate a top in place. DAX can break below 15000 on the back of the sell-off in the US equities yesterday. That will negate the chances of seeing 15700-15800 on […]
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The market broke its four-day winning streak to end lower on May 8, with the Sensex closing 340.60 points, or 0.69 percent, down at 49,161.81 and the Nifty ending 91.60 points, or 0.61 percent, lower at 14,850.80. Among sectors, Nifty PSU bank and energy indices rose a percent each, while selling was seen in the […]
Continue ReadingSTOCKS Asians are trading sharply lower. Nikkei has tumbled below 29000 contrary to our expectation of rising to 30500. It can test 28500-28000 on the downside while below 28000. Shanghai is heading down towards the lower end of its 3350-3500 range as expected. Sensex and Nifty may hold below 50500 and 15000-15100 respectively and can […]
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The market extended the rally for the fourth straight session on May 7 with Nifty closing above 14,900 led by the metal and pharma stocks. At close, the Sensex was up 295.94 points or 0.60% at 49,502.41, and the Nifty was up 119.20 points or 0.80% at 14,942.40. All the sectoral indices ended in the […]
Continue ReadingSTOCKS Equities look positive and can move up this week. Dow retains the momentum and is heading towards 35000 as expected. DAX has risen above 15250 and can test 15700-15800 on the upside. Nikkei can move up towards the upper end of its 28500-30500 range while Shanghai can fall towards the lower end of its […]
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The market extended the rally for the third day in a row on May 7 with Nifty closing above 14,800 led by the metal stocks. At close, the Sensex was up 256.71 points or 0.52% at 49206.47, and the Nifty was up 98.40 points or 0.67% at 14823.20. For the week, BSE Sensex added 0.86 […]
Continue ReadingSTOCKS Dow has gained momentum and has risen sharply. It is bullish to test 35000 now and the danger of falling below 33500 has been negated. DAX hovers around 15200 and has to break above 15250 to move up towards 15500-15700. Nikkei can move up towards the upper end of its 28500-30500 range. Shanghai remains […]
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Market ended higher for the second consecutive day on May 6 with Sensex crossing 49,000 intraday supported by the metal, IT and auto stocks. At close, the Sensex was up 272.21 points, or 0.56%, at 48,949.76, and the Nifty was up 106.90 points, or 0.73%, at 14,724.80. On the sectoral front, IT, metal and auto […]
Continue ReadingSTOCKS Dow seems to be gathering momentum slowly. While it sustains above 34000 a further rise is possible in the coming days and the danger of falling below 33500 will get reduced. DAX has risen back sharply but needs to break above 15250 to avoid the expected fall to 14500-14000. Nikkei has risen sharply above […]
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Benchmark indices regained previous session losses and ended near the day’s high on May 4 after RBI Governor Shaktikanta Das launched the second round of loan restructuring and other relief measures to counter covid second wave. At close, the Sensex was up 424.04 points or 0.88% at 48,677.55, and the Nifty was up 121.40 points […]
Continue ReadingSTOCKS Dow has recovered sharply from the day’s low yesterday. But it needs a strong follow-through rise above 34000 to move up further from here and avoid the danger of falling below 33500. DAX has tumbled below 15000 and is now bearish to see 14500 and even 14000 in the coming weeks. Nikkei and Shanghai […]
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Benchmark indices failed to hold the initial gains and ended near the day’s low in a highly volatile session on May 4. At close, the Sensex was down 465.01 points or 0.95% at 48,253.51, and the Nifty was down 137.70 points or 0.94% at 14,496.50. Except for PSU Bank, all other sectoral indices ended in the […]
Continue ReadingSTOCKS Dow and DAX continue to trade mixed and are stuck around 34000 and 15200 respectively. Dow has to get a strong follow through rise above 34000 to move up. DAX keeps alive the chances of seeing 15500-15700 before reversing lower. Nikkei and Shanghai are closed till Wednesday this week. Sensex and Nifty have bounced […]
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BSE Midcap index ended flat, while Smallcap index rose 1.5 percent. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; var url = ‘//www.moneycontrol.com/mccode/common/saveWatchlist.php’; $ .get( “//www.moneycontrol.com/mccode/common/rhsdata.html”, function( data ) { $ (‘#backInner1_rhsPop’).html(data); $ .ajax({url:url, type:”POST”, […]
Continue ReadingSTOCKS Dow continues to remain mixed around 34000. A sustained rise above 34000 is needed to avoid a fall below 33500. DAX remains below 15200 and can turn bearish on a break below 15000. Nikkei and Shanghai can fall within their sideways range this week. Both Nikkei and Shanghai are closed till Wednesday. Sensex and […]
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The benchmark indices ended almost 2 percent lower and broke the four-day winning momentum on April 30, dragged by banking and auto names. At close, the Sensex was down 983.58 points, or 1.98 percent, at 48,782.36, and the Nifty was down 263.80 points, or 1.77 percent, at 14,631.10. The indices, however, gained 2 percent for […]
Continue ReadingSTOCKS Dow continues to remain mixed and continues to oscillate around 34000. It has to get a strong follow-through rise from here to avoid a fall below 33500. DAX has dipped below 15200 and can come under pressure if it falls below 15000. Nikkei has dipped below 29000 and can go down towards the lower […]
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Benchmark indices ended with marginal gains and extended their winning streak to the fourth consecutive session on April 29, the monthly expiry. At close, the Sensex was up 32.10 points or 0.06% at 49,765.94, and the Nifty was up 30.40 points or 0.20% at 14,894.90. Sectorally, the metal index rose 4.5 percent, while auto and PSU bank […]
Continue ReadingSTOCKS Equities continue to trade mixed. Dow seems to be turning around gradually. The level of 33500 is very crucial to watch if it fails to rise past 34000 from here. DAX remains stable and mixed above 15200. The chances of seeing 15500-15700 on the upside is still alive before witnessing a strong reversal. Nikkei […]
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