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 »
Hello reader, hope you’re doing well. The momentum in the market has picked up again and the undercurrent has the potential to take the benchmark indices to new highs. The global support to the bullishness is coming from the mother market US where the market is resilient supported by better-than-expected Q1 GDP growth of 2
June 30, 2023 – market Overview Read More »
Hello reader, hope you’re doing well. Taking positive cues from SGX Nifty, local markets may log gains in early trades Tuesday amid mixed Asian markets trend. In the past few sessions, any intraday strength is driven by only a few companies across a narrow set of sectors. If Nifty bulls are unable to seize control
June 27, 2023 – Market overview Read More »
Hello reader, hope you’ve had a good weekend. Dark cloud cover is seen hovering over the Dalal Street and key local benchmark indices could retreat in early trades Monday due to weak global market cues. Intra-day the market may witness a choppy ride as the recent interest rate hike by the BoE and the US
June 26, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Following the Sensex reaching unprecedented heights, the pace of the market has decelerated. The overall sentiment in the global markets is no longer strongly bullish. A significant concern that persists is the escalation of interest rates. After the European Central Bank and the Swiss National Bank raised rates by
June 23, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. As the Sensex reaches new heights, optimism continues to permeate the market mood, instilling a sense of hope and confidence. With the market consistently recovering from downturns, this resilient market framework has the potential to sustain the enthusiasm of bullish investors. In the realm of emerging markets, India stands
June 22, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. In sync with the commemoration of International Yoga Day, the financial market is gradually expanding in both directions, exhibiting a balanced state without any significant fluctuations in either direction. Nevertheless, the overall trend in the market is upward. It is crucial to comprehend that this upward momentum is not
June 21, 2023 – market Overview Read More »
Hello reader, hope you’re doing well. Early Tuesday trades are expected to see a decline in the markets due to weak global signals, despite the anticipated reduction of key lending rates by the People’s Bank of China. Several factors, including concerns over Chinese economic growth, selling by foreign institutional investors and domestic institutional investors in
June 20, 2023 – Market Overview Read More »