Skip to main content

Popular posts from this blog

The World This Week 1st October 2020 to 9th October 2020

  Indian Equity Summary-   ·          A spectacular comeback by the bulls for the second consecutive week as the benchmark Indices Nifty closed in green, +4.6 % on the back of Ø rally in the IT and the BFSI stocks. Expectations of another fiscal stimulus by the GOI ahead of the festive season , flush in global liquidity and with RBI continuing with its pause stance on the interest rate with the accommodative approach lifted the market sentiment.   ·          Going forward, global factors like development on the US elections front, decision on US stimulus package, while domestic factors like start of Ø the Q2 corporate earnings season and CPI/IIP data ,moratorium decisions and FII/DII inflows , inflation trajectory and USD/INR rates ; will continue to dictate the trend of the domestic equity market. We expect the trading range for Nifty between 11750-12,200 in the near term. Markets may c...
Post a Comment
Read more

The World This Week – 5th June 2020 to 12th June 2020

Indian Equity Summary-  ·         Benchmark indices ,Nifty 50 and Sensex closed in red and fell by 1.67% and 1.48% on a WoW basis, after registering gains for two successive Ø weeks. The fall in the indices was majorly triggered by the concerns over the surge in domestic Covis-19 cases and possibility of longer than expected economic recovery. Most of the Sectoral indices ended in red on a WoW basis, with BSE Metals and BSE Bankex being the worst performing indices by recording losses of 4.27% and 2.41%.  ·         On macro-economic front, Retail food inflation stood at 9.28% in May 2020 and Industrial production contracted by 55.5% in April 2020.On the Ø Global front as expected the Fed kept rate unchanged at 0% -0.25% during policy-meeting held on 10th June 2020 and projected a 5% growth in 2021.Going forward, global factors like development on the US -China relationship front , any resurgence of C...
Post a Comment
Read more

The World This Week – 25th September 2020 to 2nd October 2020

  Indian Equity Summary -   ·  The S Ø &P BSE Sensex and Nifty 50 jumped 3.5 percent and 3.3 percent , respectively as the domestic stock market bounced back on the back of a broad-based rally. Robust domestic factory activity and GST collection figures and more government relaxation on Covid-19-related constraints boosted market sentiments, while optimistic global signals, including China's bullish economic data and expectations of fresh US stimulus steps, led to more market buying.   ·  The central government, in an affidavit filed in the Supreme Court, has supported waiving compound interest or ‘interest on interest’ for small Ø  ticket loans up to Rs 2 crore which may have some negative impact on the banking stocks going forward.   ·  Going forward, global factors like development on the US -China relationship front , US elections ,India Ø  & China border issues while domestic factors like FII/DII inflows , inflation trajecto...
Post a Comment
Read more