Hello reader, hope you’re doing well. Markets may see a cautious opening with a slightly negative bias in Wednesday trades amid weak global cues, with sentiments a bit dented on fears that a debt-ceiling deal could be derailed. Vote on the deal to raise the USD 31.4 trillion debt ceiling could be announced later today. […]
May 31, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. There is a positive outlook for early trading on Tuesday as optimism from other Asian markets is expected to influence local investors in a positive manner. Despite the closure of US markets on Monday, the focus of trading still revolves around the agreement between US President Joe Biden and
May 30, 2023 – Market Overview Read More »
Hello reader, hope you’ve had a good weekend. Amidst a backdrop of positive factors and an optimistic market sentiment, the SGX Nifty stands out with a vibrant green color, symbolizing its strength. With the Nifty aiming to reach new heights at 18888 and the Bank Nifty following suit, targeting to surpass its previous record of
May 29, 2023 – Market overview Read More »
Hello reader, hope you’re doing well. As we start off the June series from today, in the midst of a positive market atmosphere, the Nifty bulls are actively attempting to carry forward the wave of optimism after a strong recovery witnessed yesterday. With careful planning, the Nifty index is prepared to navigate the path of
May 26, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. The uncertain stance of the Fed and ongoing talks about the US debt ceiling are casting a shadow of volatility in the markets. With the Nifty facing potential trouble ahead of the June 1st deadline, cautiousness prevails. Technical conditions indicate an overbought state, highlighting the need for caution. Nifty’s
May 25, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. The global stock markets are experiencing a wave of uncertainty as discussions surrounding the U.S. debt ceiling continue. This uncertainty is casting a shadow on the SGX Nifty (gap down opening) and keeping investors on their toes. As we await the release of the Fed meeting minutes later today,
May 24, 2023 – Market Overview Read More »
Hello reader, hope you’ve had a good weekend. Had missed out the weekend post and yesterday’s bit as well since I’d been travelling. The positive aspect is that the approaching deadline of June 1st to raise the US debt limit, which could potentially result in a financial crisis, appears to be having minimal influence on
May 23, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Early optimism is seen on Dalal Street thanks to positive global cues, but intra-day volatility may persist given the recent downward trend. The US debt ceiling could be the buy-the-rumour-but-sell-the-news-event. The recent uptick has been faster despite any major positive development in global space, hence investors are redeeming their
May 19, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. In the early trades today, it is expected that domestic markets will experience slight upward movement. This positive trend is influenced by strong global signals, following US President Biden’s optimistic outlook on reaching a debt-ceiling agreement. Despite yesterday’s weak stock market performance, there was a positive aspect as Foreign
May 18, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Early Wednesday trades are witnessing a downward drift in markets, influenced by poor cues from the US overnight and a decline in other Asian indices. A sense of caution is expected to persist, leading to a prolonged period of profit-booking in the upcoming sessions, as investors remain attentive to
May 17, 2023 – Market Overview Read More »