STOCKS Equities are regaining momentum as the sentiment is getting a boost as Biden has sworn in as the new US President. Dow, Sensex and Nifty are looking bullish. Dow can test 31500. Nifty can move up to 14800-15000 while the Sensex can target 50300-51000. DAX and Nikkei can consolidate sideways within their current uptrend. […]
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Bulls continued their dominance for the second straight session on January 20 pushing benchmark indices to a fresh record high amid buying in IT, auto and financial names. At close, the Sensex was up 393.83 points or 0.80% at 49,792.12, and the Nifty was up 123.50 points or 0.85% at 14,644.70. “The market witnessed strong trends […]
Continue ReadingSTOCKS Equities broadly look mixed while they manage to hover at higher levels. Dow will need a strong rise past 31000 to move further higher. DAX, Nikkei and Shanghai can consolidate sideways for some time. Sensex and Nifty have recovered sharply and can move further up if they can sustain the bounce today. Overall, it […]
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Bulls took charge of the Dalal Street on January 19 which helped the market recover most of the previous two sessions losses amid supporting global cues. At close, the Sensex was down 470.40 points or 0.96% at 48,564.27, and the Nifty was down 152.40 points or 1.06% at 14,281.30. “The Nifty has closed around its […]
Continue ReadingSTOCKS DAX, Nikkei and Shanghai have bounced-back yesterday thereby easing the danger of falling below their crucial supports. The expected correction seems to be getting delayed again. A sideways consolidation looks like a possibility in the near-term. We will have to wait and watch the price action. Dow was closed yesterday and needs to see […]
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The market ended in the negative territory for the second session in a row on January 18 amid weak global cues. At close, the Sensex was down 470.40 points or 0.96% at 48,564.27, and the Nifty was down 152.40 points or 1.06% at 14,281.30. “We have broken the crucial support of 14,350 and should ideally […]
Continue ReadingSTOCKS Equities are showing some sign of weakness. The price action this week will need a close watch to see if the top is in place and the long awaited correction is getting confirmed. 30200-30000 on the Dow, 13600 on DAX, 28000 on Nikkei, 14200 on Nifty and 48000 on Sensex is crucial levels to […]
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The bulls retained their hold of Dalal Street for the fifth consecutive year in 2020, with the Nifty gaining 15 percent, though the index failed to hold on to the psychologically important 14,000-mark to end flat on December 31. As the coronavirus tore through the world, lives were upended and economies wrecked. The Indian market, […]
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The market kicked off the new calendar year 2021 on a positive note with Nifty managing to end above 14,000 levels for the first time. At close, the Sensex was up 117.65 points or 0.25% at 47,868.98, and the Nifty was up 36.70 points or 0.26% at 14,018.50. “With a hope that 2021 will be […]
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The Indian market has had a perfect start to 2021 as it managed to close in the green for the second straight session in the new calendar. Both Sensex and Nifty ended the session at record closing highs. At close, the Sensex was up 307.82 points or 0.64% at 48,176.80, and the Nifty was up 114.40 […]
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The Indian market continued its upward journey with Nifty breaching the 14,200 level for the first time. At close, the Sensex was up 260.98 points or 0.54% at 48,437.78, and the Nifty up 66.60 points or 0.47% at 14,199.50. “Bulls put to rest worries across Europe on account of the lockdown as IT & Financials led […]
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Profit booking in IT and FMCG stocks dragged the indices from the record highs in morning trade. Nifty finished the day below 14,150 level. The BSE Sensex shed 263.72 points or 0.54% at 48,174.06, and the Nifty was down 53.20 points or 0.37% at 14,146.30. “Market is experiencing volatility due to weak Asian market and profit booking […]
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The market began the week on a strong note with the benchmark indices finding new highs led by IT and auto stocks. The BSE Sensex closed 486.81 points, or 1 percent, high at 49,269.32, and the Nifty was up 137.50 points, or 0.96 percent, at 14,484.80. “Improved outlook for third-quarter earnings along with strong global […]
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Market continued its upward journey closing higher for the third straight session on January 13 led by auto and financial stocks. The BSE Sensex was up 247.79 points or 0.50% at 49,517.11, and the Nifty was up 78.70 points or 0.54% at 14,563.50. “The pace of the market rally continued despite RBI’s caution over elevated […]
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After hitting record highs, the market witnessed profit-booking and ended flat on January 13. The Sensex was down 24.79 points or 0.05% at 49,492.32, and the Nifty was up 1.40 points or 0.01% at 14,564.90. “Following positive global cues and ease in inflation in December, the market opened with good gains. However, selling in heavyweights due […]
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The market recovered from initial losses and finished higher on January 14 with Nifty near 14,600. The Sensex was up 91.84 points or 0.19% at 49,584.16, and the Nifty was up 30.70 points or 0.21% at 14,595.60. “Despite better-than-expected results of Infosys and Wipro, the IT sector witnessed selling in its opening trade. However, the […]
Continue ReadingSTOCKS Equities continue to hover at their highs and remain mixed. Biden has announced a $ 1.9 trillion stimulus plan which can support the equities to stay higher. However, it will have to be seen as how much of this is already priced in the market. Dow is struggling to get a strong follow-through rise […]
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The market remained under pressure on January 15 on the back of profit-booking across sectors amid weak global cues. At close, the Sensex was down 549.49 points or 1.11% at 49,034.67, and Nifty was down 161.90 points or 1.11% at 14,433.70. “The market witnessed profit-booking and following global trends. Nifty continues to resist 14,600 and has […]
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