Hello reader, hope you’re doing well. While markets may see a flat opening in Tuesday trades with a slightly negative bias, the undertone could remain positive if benchmark Nifty stays above the 19227 mark. The risk mood has improved considerably as Friday’s softer than expected US August payrolls report suggests that September rate hike could […]
September 05, 2023 – Market Overview Read More »
Hello reader, hope you’ve had a good weekend. Early optimism could be seen in local markets on the back of steady to firm gains in many Asian peers after China announced stimulus measures to revive its sagging economy. In case the FII sentiment improves, we may see extended gains as recent economic data such as
September 04, 2023 – Market Overview Read More »
Hello reader, hope you’ve been doing well. Back here after a short break, as I’d been travelling for work. Continuing with the ongoing theme, markets may see sharp sideways movement on either side during intra-day trade due to lack of firm cues from global equities. Select auto stocks could be in focus which will react
September 01, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Markets are likely to see a weak opening on the back of bearish global cues, as the rising US bond yields continue to create havoc in world currency markets, fuelling a sell-off in equity markets. While depreciating currency continues to spook markets, the relatively weak macro-economic scenario like rising
August 18, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Global market cues remain deficient. Global stock markets are currently under pressure from two factors: One, the US Fed minutes show that one more rate hike in this rate-hiking cycle may be required to keep inflation under control. Two, Chinese macro data show that the economy is slowing faster
August 17, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Belated independence day wishes to you all! Markets are expected to open lower in Wednesday trades, as a combination of factors such as rising US bond yields, a slowdown in Chinese demand, and a hawkish Federal Reserve has contributed to risk aversion among investors. Furthermore, FIIs selling shares in
August 16, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Markets are likely to see a weak opening in Monday trades owing to pessimism across the Asian indices. While intra-day volatility will persist, both CPI and WPI numbers for July to be announced after the market hours will be keenly watched, especially at a time when interest rate levels
August 14, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Markets may edge lower in early Friday trades despite overnight gains in the US markets after the July inflation numbers there rose slightly less than expected. The inflation report bolsters expectations that the Fed is done hiking rates. On the domestic front, post the monetary policy outcome, the focus
August 11, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Volatility is likely to be the hallmark of the day, as investors look forward to the RBI’s credit policy outcome on interest rates and its forward looking comments on economy and inflation. The outlook will give some sense to investors on where the inflation and economy could be heading
August 10, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Missed out on writing the blog for the last couple days due to work travels. Market may record early dips even with an uptick in the Gift Nifty index although US markets ended sharply lower in overnight trades while Asian gauges are displaying a mixed trend. Investors would be
August 09, 2023 – Market Overview Read More »