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 »
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 »