Hello reader, hope you’re doing well. Markets may start on a cautious note amid steady weakness in the Gift Nifty index, but positive momentum in other Asian indices could have a rub off effect on the local markets as the trading progresses. With the twin US inflation readings showing further moderation, this should boost the […]
July 14, 2023 – market overview Read More »
Hello reader, hope you’re doing well. The ongoing global rally in stock markets will get a further mild boost from the latest US consumer inflation for June which has come at 3 percent, better than market expectation of 3.1%. Importantly core inflation has dipped below 5% .This is clear indication that the disinflation process is
July 13, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. The Nifty index maintains an optimistic outlook due to encouraging signals from global markets and the impressive performance of Reliance Industries. The positive sentiment is further reinforced by the anticipation of lower inflation expectations in the United States. The Nifty Auto index demonstrates its robustness by reaching a record
July 12, 2023 – market Overview Read More »
Hello reader, hope you’re doing well. Overnight rally in the US markets and early gains in Asian gauges could fuel optimism in local shares, as investors are likely to follow suit and maintain the buying momentum. However, caution may prevail at a later stage due to focus on two big catalysts – the US June
July 11, 2023 – market Overview Read More »
Hello reader, hope you’ve had a good weekend. Traders should prepare for a turbulent and unpredictable trading session due to the instability in the Gift Nifty index and the continued losses experienced by Wall Street on Friday. Concerns among investors have risen regarding the possibility of the Federal Reserve initiating another round of interest rate
july 10, 2023 – market Overview Read More »
Hello reader, hope you’re doing well. Weak global cues are likely to dampen investors’ sentiments in early Friday trades amid the rate hike fears in the US after the strong ADP jobs data. Higher treasury yields weighed on the tech sector, with Nasdaq receiving fresh drubbing. Also, escalating US-China tensions, and rising recession fears as
July 07, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Negative sentiment across the global equities could see local benchmarks struggle in early Thursday trades, with profit-taking likely to continue after yesterday’s FOMC minutes meeting hinted that another rate hike in July is on the table. Other factors that could weigh on sentiment are escalating US-China tensions, drop in
July 06, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. The recent surge in the Nifty index from its March lows has injected a bullish sentiment into the market. However, labeling it as a full-fledged bull market proves challenging due to the current valuations, which hinder a sustained rally, and the evolving economic fundamentals, which cast doubts on the
July 05, 2023 – Market Overview Read More »
Hello reader, hope you’ve had a good weekend. The ongoing rally in global stock markets is primarily driven by the surprising and unexpected strength of the U.S. economy ( 2% GDP growth in Q1 23), in spite of the savage 500bp rate hike by the Fed. Global markets which had discounted a US recession by
July 03, 2023 – Market Overview Read More »