Taking Stock: Bulls tighten grip, market up 1.5%; all eyes on Fed meet outcome

Benchmark indices continued the winning momentum for the third consecutive session on April 28, gaining 1.5 percent ahead of the Federal Reserve policy meeting outcome. At close, the Sensex was up 789.70 points, or 1.61 percent, at 49,733.84, and the Nifty was up 211.50 points, or 1.44 percent, at 14,864.50. Except metal and pharma, all other sectoral […]

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India Pre Market News : 28 Apr 2021

STOCKS Equities continue to trade mixed and are struggling to find a direction. Dow is stuck around 34000 and DAX hovers above 15200. Nikkei is stable within its 28000-31000 range. Shanghai can fall within its 3350-3500 range. Sensex and Nifty have come up towards the upper end of their 47000-49000 and 14150-14700 range and need […]

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India Pre Market News : 27 Apr 2021

STOCKS Dow and DAX remain stable at higher levels and look mixed. Dow has to get a strong follow-through rise above 34000 to move further up. For DAX upside could be capped at 15500-15700 from here. Nikkei remains stable within its 28000-31000 range. Shanghai is moving down within its 3350-3500 range. Sensex and Nifty are […]

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Taking Stock: Sensex, Nifty gain 1% amid positive global cues; realty, metal stocks outshine

Benchmark indices started the week on a positive note with Nifty closing near the 14,500 amid positive global and buying in metal, bank and realty stocks. At close, the Sensex was up 508.06 points or 1.06 percent at 48386.51, and the Nifty was up 143.60 points or 1.00 percent at 14485. Except for pharma, all other sectoral indices […]

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India Pre Market News : 26 Apr 2021

STOCKS Dow remains mixed and continues to hover around 34000. It has to sustain above 33500 to move up towards 35000 and avoid a fall from here. DAX remains higher but lacks momentum. Resistances at 15500-15700 can cap the upside from here and drag it lower going forward. Nikkei can move up within its 28000-31000 […]

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India Pre Market News : 23 Apr 2021

STOCKS Dow continues to oscillate around 34000 and needs to sustain above 33500 to keep alive the chances of seeing 35000 on the upside. DAX has bounced-back but has limited upside from here upto 14500-14700 from where it can see a sharp corrective fall. Nikkei can move up within its 28000-31000 range. Shanghai is hovering […]

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India Pre Market News : 22 Apr 2021

STOCKS Equities continue to look mixed. Dow is oscillating around 34000. It has to sustain above 33500 to move up towards 35000. DAX seems to lose momentum and the expected corrective fall can happen from here itself without seeing an extended rise to 15700. Nikkei retains its 28000-31000 range. Shanghai is hovering at the upper […]

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India Pre Market News : 20 Apr 2021

STOCKS Equities look mixed. Dow has come-off yesterday and has to sustain above 34000 to keep the chances alive of seeing 35000 on the upside. DAX has limited upside from here and is likely to reverse lower after testing 15700 on the upside. Nikkei is coming down within its 28000-31000 range as expected. Shanghai is […]

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Taking Stock: Indices fall by over 1.5% on coronavirus concerns; investors lose Rs 3.5 lakh crore in a day

The unabated record surge in coronavirus cases dragged the market down by more than 1.5 percent on April 19 despite positive global markets. At close, the Sensex was down 882.61 points, or 1.81 percent, at 47949.42, and the Nifty was down 258.40 points, or 1.77 percent, at 14,359.50. Most of the Asian indices ended higher […]

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India Pre Market News : 19 Apr 2021

STOCKS Dow has risen well above 34000 and has potential to test 35000. The corrective fall that we have been expecting is not happening. DAX can test its crucial resistance level of 15700 and then reverse lower. Nikkie can fall within its 28000-31000 range. Shanghai can test the upper end of its 3350-3500 range and […]

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India Pre Market News : 16 Apr 2021

STOCKS Dow has risen past 34000 and while this break sustains our view of seeing a corrective fall will get negated and a further rise to 35000 is possible. DAX is stuck in the narrow 15100-15300 range and looks mixed in the near-term. Nikkei and Shanghai can oscillate in the range of 28000-31000 and 3350-3500 […]

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Taking Stock: Market plunges over 3% on virus surge, possible lockdown

Indian markets plunged on April 12 as surging coronavirus cases spooked investors worried about lockdown-like restrictions hitting nascent economic recovery. At close, the Sensex was down 1,707.94 points, or 3.44 percent, at 47,883.38, and the Nifty was down 524.10 points, or 3.53 percent at 14,310.80. The overall market capitalisation of BSE-listed firms fell to Rs 200.9 lakh […]

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India Pre Market News : 12 Apr 2021

STOCKS Asians are trading weak failing to take cues from the rise in the Dow on Friday. Dow has risen past 33550 contrary to our expectation and can test 34000 while this break sustains. The expected corrective fall is getting delayed further. DAX keeps alive the chances of seeing 15500-15700 on the upside before seeing […]

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