STOCKS Equities are under pressure. Dow has declined below 32500 and looks vulnerable for a further fall to 32000-31000. There are early signs of a top in place. DAX is managing to hold higher for now but may not sustain as a strong resistance is ahead that can cap the upside and trigger a corrective […]
Continue ReadingSTOCKS Dow sustains above 32500 but needs to rise past 33100 to avoid a corrective fall from here. DAX keeps alive the chances of testing 14900-15000 before reversing lower. Nikkei and Shanghai look vulnerable for a fall. But they can consolidate sideways for some time before the expected fall happens. Sensex and Nifty have key […]
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The market ended flat in a highly volatile session on March 22 supported by last-hour buying in IT, metal, pharma and FMCG names. The Sensex closed 86.95 points, or 0.17 percent, down at 49,771.29 and the Nifty ended 7.60 points, or 0.05 percent, lower at 14, 736.40. Fear of a second coronavirus wave, elevated bond […]
Continue ReadingSTOCKS Equities seem to lack strong follow-through rise to move further higher. Our cautious stance remains intact and we will be looking for a sharp corrective fall in equities going forward although some upside is possible from current levels in some indices. The resistance at 33100 on the Dow is holding well and the index […]
Continue ReadingSTOCKS The rise after the US Fed meeting has not sustained. The global equities have failed to get a strong follow-through buying thereafter. This keeps our broader cautious view of seeing a sharp correction in the equities with limited upside from here. 33100 on the Dow is holding. DAX has resistance at 14900-15000. Nikkei and […]
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The market snapped a five-day losing streak gaining over a percent in a highly volatile session on March 19. At close, the Sensex was up 641.72 points, or 1.30 percent, at 49,858.24 and the Nifty was up 186.10 points, or 1.28 percent, at 14,744. All the sectoral indices ended in the green, with the Nifty energy […]
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Representative image The market started the day on a strong note on March 18 amid positive global cues after Federal Reserve signalled it was in no hurry to raise interest rates but gave up all gains in the second half and lost over a percent after US 10-year treasury yields hit their highest levels in […]
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Market on March 17 remained under bears’ control as broad-based sell-off dragged the benchmark indices over a percent. Investors remained cautious ahead of the Federal Open Market Committee (FOMC) decision on interest rate due later in the day. At close, the Sensex was down 562.34 points or 1.12 percent at 49,801.62, while the Nifty index […]
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Sell-off in the second half of the session erased all the intraday gains with the benchmark indices ending flat March 16. At close, the S&P BSE Sensex was down 31.12 points or 0.06 percent at 50,363.96, while Nifty stood at 14,910.50 levels, down 19 points or 0.13 percent. “Indian market is impacted due to rising […]
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The benchmark indices ended lower for the second consecutive session on March 15, with the Nifty finishing below 15,000. At close, the Sensex was down 397 points, or 0.78 percent, at 50,395.08 and the Nifty was down 101.50 points, or 0.68 percent, at 14,929.50. Weakness in national macro data and rise in global bond yield […]
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Benchmark indices ended in the green for the third straight session on March 10. At close, the Sensex was up 254.03 points or 0.50 percent at 51,279.51, and the Nifty was up 76.40 points or 0.51 percent at 15,174.80. “Domestic markets mirrored positive cues from its global peers, tracking gains from the US market as bond yields […]
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Benchmark indices rose 1 percent on March 8 pushing Nifty above 15,100 on an intraday basis. At close, the Sensex was up 584.41 points or 1.16% at 51,025.48, and the Nifty was up 142.20 points or 0.95% at 15,098.40. “The market managed to close the day on a positive note after a strong volatile session at 15,100 […]
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The market fell for the second consecutive day on March 5 amid weak global cues, with the Sensex closing 440.76 points, or 0.87 percent, lower at 50,405.32 and the Nifty ending 142.70 points, or 0.95 percent, down at 14,938.10. “The markets have had yet another day in the red. However, it has not broken the medium-term […]
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The market broke its three-day winning streak and fell 1 percent on the back of weak global cues. At Close, Sensex fell 598.57 points, or 1.16%, to close at 50,846.08, while Nifty shed 164.80 points, or 1.08%, to close at 15,080.80. “Domestic markets, along with global peers, mirrored the wounded trend of the US market. The […]
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The market continued its winning streak for the third straight session on March 3 with Sensex regaining 51,000 and Nifty closing above 15,200 led by the metal stocks. At close, the Sensex was up 1,147.76 points or 2.28 percent at 51,444.65, and the Nifty was up 326.50 points or 2.19 percent at 15,245.60. “Nifty has been consistent […]
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The market ended higher for the second consecutive day on March 2 with Nifty reclaiming 14,900 supported by IT and auto stocks. At close, the Sensex was up 447.05 points or 0.90 percent at 50,296.89, and the Nifty was up 157.60 points or 1.07 percent at 14,919.10. “The Nifty crossed 14,950 which is the upper end […]
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The market started the new month on a strong note, gaining around 1.5 percent on March 1 on the back of positive domestic data and auto sales number. At close, the Sensex was up 749.85 points, or 1.53 percent, at 49,849.84, and the Nifty gained 232.30 points, or 1.6 percent, at 14,761.50. “Domestic markets kick-started the […]
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Market continued to rally on February 25 on the back of positive global cues with Nifty ending the February F&O series near 15,100-mark. At close, Sensex was up 257.62 points, or 0.51%, at 51,039.31, and the Nifty was up 115.40 points, or 0.77%, at 15,097.40. “Domestic market added strength to yesterday’s rally supported by positive […]
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The Indian stock market will surge over the coming year to record highs on solid economic recovery expectations, according to equity strategists polled by Reuters, who said a correction was also likely within the next six months. A well-received union budget and a strong recovery in corporate earnings boosted the benchmark BSE Sensex Index to […]
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After ending in the red for 5 straight days, market ended flat in a highly volatile session on February 23 with outperformance from the metal stocks. At close, the Sensex was up 7.09 points, or 0.01%, at 49,751.41, and the Nifty was up 32.10 points, or 0.22%, at 14,707.80. “Index managed to hold above 14,700 […]
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