Hello reader, hope you’re doing well. Positive global indicators and increased investor confidence are expected to result in a strong opening for the markets. Foreign institutional investors have been actively buying shares, encouraged by a temporary decrease in inflation, which reached its lowest point in 18 months in April. As inflation continues to decline, there […]
May 16, 2023 – Market overview Read More »
Hello reader, hope you’re doing well. Markets are likely to see a gap down opening in Monday trades tracking weakness in other Asian indices as risk aversion is likely to be the preferred theme. Denting sentiments will primarily be reports of ruling party BJP’s setback in Karnataka assembly elections. Also, weak Wall Street cues in
May 15, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Markets may falter in early trades on the back of weakness in other Asian indices after US markets shed ground overnight. Profit booking is likely to be the preferred theme, as the advantage of softer US CPI & PPI optimism is seen fading, with Chinese growth concerns also weighing
May 12, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Benchmark indices may log gains in early trades after US inflation fell to 4.9 percent in April, the lowest since April 2021, which could lift the sentiment and raise expectations of a dovish stance by the Fed in its next meeting. While global mood would dictate trend, Indian markets
May 11, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Early trades on Wednesday indicate that markets are on an upward trend, buoyed by positive performance in US and other Asian stock markets. Despite a slow finish on Tuesday, foreign institutional investors (FIIs) showed confidence in the Indian economy by purchasing local shares. The upcoming US inflation data for
May 10, 2023 – Market overview Read More »
Hello reader, hope you’re doing well. In early trades, local market sentiment may be impacted by early weakness in several Asian indices, which could prompt investors to engage in selective profit-taking after the recent increase. However, there is a significant positive catalyst in the form of eased recession fears in the US. WTI Oil has
May 09, 2023 – Market Overview Read More »
Hello reader, hope you’ve had a good weekend. After reviewing last week’s events, the Federal Reserve increased rates by 25 basis points as predicted, but suggested that they would now take a break. Meanwhile, the European Central Bank also raised rates by 25 basis points, but President Lagarde acknowledged that there is still more work
May 08, 2023 – market overview Read More »
Hello reader, hope you’re doing well. The risk-averse market environment in overnight trades at Wall Street is indicating a choppy session for key local benchmark indices. Despite the negative sentiment, several positive catalysts such as oil price crashing to $69 a barrel, renewed FII buying, and a possible pause by the US Fed in rate
May 05, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Local equities may struggle in early trades, taking cues from weak overnight US markets after the US Fed in its policy meeting hiked rates once again, which was more on expected lines. The street will be a bit apprehensive as the Fed indicated that it is prepared for more
May 04, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Early trading is expected to place key stock market indicators in a precarious position prior to the upcoming US Federal Reserve meeting on interest rates. Investors are likely to approach with caution due to concerns about a potential recession and decreased growth if there is an additional rate increase,
May 03, 2023 – Market overview Read More »