This section will be updated daily, providing a brief overview of the markets, along with important data points. Certain trades shall be mentioned, but they should not be considered as trading tips, we are not SEBI registered. Posts are for educational purposes only, kindly consult your financial advisor before investing. Cheers!
Hello reader, hope you’re doing well. The initial trading session is expected to be lackluster due to a decline in US markets overnight, which may negatively affect investor confidence. Nonetheless, as the options and futures (F&O) contracts for the current month are set to expire today, a cautious approach is likely to prevail. Concerns about […]
April 27, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Early trades today can witness a sharp decline in markets as key US indicators experienced a setback overnight due to renewed banking issues. This came to light as First Republic’s shares plummeted by 41%. The bank reported a loss of more than USD 100 billion in deposits during the
April 26, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Early buoyancy could be seen on the back of firmness in SGX Nifty, although US markets ended mixed while several Asian gauges are displaying a negative sentiment. While intra-day markets may continue to be choppy, value buying in the beaten down counters could be seen after last week’s fall. The
April 25, 2023 – Market Overview Read More »
Hello reader, hope you’ve had a good weekend. Today’s trading session is expected to see a strong start in the markets, aligned with the upward trend observed in SGX Nifty, despite mixed trading in most Asian indices. The corporate earnings of ICICI Bank and Reliance Industries have met market expectations, which could drive activity in
April 24, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Markets today are expected begin with minor gains, but the unfavorable trends in other Asian markets could pull down the local shares and lead to a period of lateral movement during the day. The primary reason for this pessimism is the resurgence of Fed hawks, and traders are presently
April 21, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Today, it is possible that markets will open strongly due to a rise in SGX Nifty, but there are mixed trends in other Asian markets. However, during the day, local benchmarks may move sideways because concerns about more rate hikes in key European economies and the US may dampen
April 20, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Today, the markets are expected to have a slow start and a slightly negative bias due to the flat closing of overnight US indices. Despite the traditional “Sell in May” lull, there may be some upward movements for Nifty, although they could be limited. Nevertheless, there is positive news
April 19, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. In the early hours of Tuesday trading, the local market sentiment is expected to be dampened by the weakness observed in most Asian indices and SGX Nifty, despite the sharp rebound of key US gauges in the previous night. Even though the overall mood could remain choppy following the
April 18, 2023 – Market Overview Read More »
Hello reader, hope you’ve had a good weekend. Asian markets’ weakness, as well as SGX Nifty, will impact the local indices early trades today, following the US indexes’ decline on Friday. The lower performance was attributed to the hawkish Fed tone and poor retail sales data. Furthermore, the disappointing Q4 results of TCS and Infosys,
April 17, 2023 – Market Overview Read More »
Hello reader, hope you’re doing well. Early trades today may see markets drifting lower, as major US indices ended on a lower note leading to mixed Asian trading. Despite favorable economic readings on moderating inflation and improved IIP growth released yesterday, the markets may take a break from the continuous uptrend observed over the past
April 13, 2023 – Market Overview Read More »