Hello reader, hope you’re doing well. The benchmark indices are expected to open on a positive note, but they may become unstable later due to weakness in various Asian markets following a slight decline in the US markets overnight. Despite the recent setback caused by Fitch’s downgrade of the US, resulting in a significant increase […]
August 04, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Unexpected events frequently have an impact on stock markets. When market valuations are high, there will be a significant sell down. This is what happened in global markets following the reduction of the US credit rating by Fitch. From a market standpoint, the key question now is whether this
August 03, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Today’s trading session is expected to commence with a sluggish beginning as the Asian markets witnessed a decline following the overnight decrease in US indices. The uncertainty triggered by the recent rate hike by the US Fed, along with indications of more rate hikes in the future, has created
August 02, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Markets may begin with moderate increases in early Tuesday sessions, aided by overnight advances in US markets and a strong trend in other Asian indices. The two main positive catalysts fueling optimism are Chinese stimulus signals and a larger possibility of a US economic soft landing. Auto stocks will
August 01, 2023 – Market Overview Read More »
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 »