Hello reader, hope you’ve had a good weekend. Markets may start on a flat note in Monday trades amid sluggishness in the Gift Nifty index, but an uptick in other Asian indices could revive the sentiment in later trades. The market is already in an overbought zone and hence the preferred theme could be consolidation […]
July 31, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Markets may edge higher in early trades Friday amid optimism in the Gift Nifty index even as US indices faltered overnight and Asian gauges displaying a mixed trend. Intra-day volatility will continue and investors would take cues from the European markets trend for further direction. Media and realty stocks
July 28, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Gains are expected to continue in early Thursday trades on the strength of bullish cues from Asian rivals, as the US Fed raised interest rates by 25 basis points as expected. Intraday market movement may be sideways as investors seek to rollover their positions ahead of the F&O expiry
July 27, 2023 – Market overview Read More »
Hello reader, hope you’re doing well. Markets are expected to remain range-bound with a mixed leaning on Wednesday, matching the sluggish overnight US market trend as investors await the outcome of the US Fed’s FOMC meeting, which will be held late tonight. The market will be watching to see if the Fed chairman is confident
July 26, 2023 – market Overview Read More »
Hello reader, hope you’re doing well. Weakness in the Gift Nifty index could drag local indices in early Tuesday trades even as US indices closed in positive territory and Asian indices are displaying a firm trend. Select profit taking may continue as higher valuations are making investors nervous due to global uncertainty and disappointing earnings
July 25, 2023 – market Overview Read More »
Hello reader, hope you’ve had a good weekend. After last Friday’s rout, markets may feel the pinch and extend fall in early trades Monday amid weakness in the Gift Nifty index. With US Nasdaq retreating further on Friday, technology stocks in the domestic market could mirror the trend, especially after the disappointing revenue guidance from
July 24, 2023 – market Overview Read More »
While key benchmark indices may witness volatility in early trades Friday, technology stocks could face hurdles after Infosys slashed its revenue projection for the year on concerns over weak IT spend by clients. The technology major’s ADR tumbled 9.5% in overnight trade on Nasdaq. Overnight, tech-heavy Nasdaq also tumbled 2%, which is likely to have
July 21, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Even when the market is scaling new highs and the undercurrent is positive, there are strong views that the current high valuations cannot be sustained for long. It is important to understand that the DIIs are not bullish about the market at the current elevated valuations. They were sellers
July 20, 2023 – market Overview Read More »
Hello reader, hope you’re doing well. Markets may see a sluggish start to Tuesday’s trading session on the back of a steady decline in Gift Nifty index and other select Asian gauges. While the markets may witness intra-day volatility, strong corporate earnings so far coupled with healthy domestic macroeconomy and rising expectations that the Fed will
July 18, 2023 – Market Overview Read More »
Hello reader, hope you’ve had a good weekend. Markets may rise in early Monday trades on the back of gains in the Gift Nifty index, but a mixed trend in Asian indices could fuel sideways movement in intra-day trades. However, moderating inflation in the US and strong foreign fund inflows indicate the undertone could remain
July 17, 2023 – Market Overview Read More »