Below the Quote on market by Krishna Appala, Sr. Research Analyst, Capitalmind Research
“In the past week, Nifty has recorded a slight gain of 0.3%, driven by strong performances and positive growth forecasts from IT majors TCS, Infosys, and HCL Tech. As we approach the budget next week, the spotlight is on key sectors: Capital Goods, Defence, ESM, and Tourism. The market anticipates a continuation of last year's incentives, maintaining the status quo.
Capital G...
Quote on Market by Krishna Appala, Sr Research Analyst, Capitalmind Research
Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Markets experienced profit-taking and shed nearly a percent, erasing the gains of the previous trading session. After a flat start, the Nifty gradually declined throughout the day, ultimately closing near the day's low at 24,530.90 level. Most sectors ended lower, with metals, realty, and energy being the top losers. The broader indices also faced pressure, dropping ov...
Daily Market Analysis : Markets experienced profit-taking and shed nearly a percent, erasing the gains of the previous trading session Says Mr. Ajit Mishra, Religare Broking Ltd
Below the Quote on Pre-Market Comment by Deven Mehata , Research Analyst, Choice Broking
The benchmark Sensex and Nifty indices are expected to open positive on July 19, following GIFT Nifty trends indicating a gain of 60 points for the broader index.
Nifty can find support at 24,700 followed by 24,650 and 24,600. On the higher side, 24,850 can be an immediate resistance, followed by 24,900 and 25,000.
The charts of Bank Nifty indicate that it may get support at 5...
Pre-market comment by Deven Mehata , Choice Broking
Below the Quote on Post Market comment by Mandar Bhojane, Research Analyst, Choice Broking
On July 18, the Indian equity market closed higher for the fourth consecutive session, with the Nifty ending at 24,800. The Sensex finished up 626.91 points or 0.78 percent at 81,343.46, while the Nifty rose 187.80 points or 0.76 percent to 24,800.80.
On the daily chart, the index formed a Bullish Engulfing candlestick pattern at record high levels, signaling a continuation of the b...
Post Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
The markets extended their upward movement for another session, gaining over half a percent, continuing the existing uptrend. After an initial decline, the Nifty experienced sharp oscillations on both sides in the first half, but renewed buying in select heavyweight stocks helped the index climb higher. It ultimately settled at 24,800.85, up by 0.76%. Among the sectoral in...
Daily Market Analysis : Markets have been inching higher as expected, driven by rotational buying in heavyweight stocks Says Mr. Ajit Mishra, Religare Broking Ltd
Below the Quote on Pre-Market Comment by Deven Mehata , Research Analyst, Choice Broking
The benchmark Sensex and Nifty indices are expected to open flat on July 18, following GIFT Nifty trends indicating a gain of 2 points for the broader index.
Nifty can find support at 24,550 followed by 24,500 and 24,400. On the higher side, 24,650 can be an immediate resistance, followed by 24,700 and 24,800.
The charts of Bank Nifty indicate that it may get support at 52,200, fol...
Pre-market comment by Deven Mehata , Choice Broking
Below the Quote on Post-Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
Indian benchmark indices ended higher for the third consecutive session on July 16. At the close, the Sensex was up 51.69 points or 0.06 percent at 80,716.55, and the Nifty was up 26.30 points or 0.11 percent at 24,613.00.
On the daily chart, the index has formed a neutral candlestick pattern at record high levels, indicating a potential trend reversal. Immediate support ...
Post-Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
The markets traded subdued and closed nearly unchanged today, pausing after recent gains. After an initial rise, the Nifty fluctuated within a narrow range before settling around the 24,613 mark. Sector-wise, realty, FMCG, and IT sectors saw gains, while profit-taking was observed in pharma and energy sectors. The broader indices mirrored the benchmark's movements and ...
Daily Market Analysis : The markets traded subdued and closed nearly unchanged today, pausing after recent gains Says Mr. Ajit Mishra, Religare Broking Ltd
Below the Quote on Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
Yesterday, NIFTY opened with a strong gap-up, comfortably trading above the 24,500 mark, where it consolidated its gains and sustained its winning momentum. Looking ahead, we expect NIFTY to maintain a positive bias, aiming for the 24,750 level, with immediate support anticipated at 24,500.
Meanwhile, Bank NIFTY had a volatile session but ultimately closed...
Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
Below the Quote on Pre-Market Comment by Deven Mehata , Research Analyst, Choice Broking
The benchmark Sensex and Nifty indices are expected to open flat to positive on July 16, following GIFT Nifty trends indicating a gain of 15 points for the broader index.
Nifty can find support at 24,500 followed by 24,450 and 24,400. On the higher side, 24,650 can be an immediate resistance, followed by 24,700 and 24,800.
The charts of Bank Nifty indicate that it may get supp...
Pre-market comment by Deven Mehata , Choice Broking
Below the Quote on SIP Contributions Hit New Highs in June: Market Confidence Driven by Positive Economic Indicators By Rishabh Goel, MD, Tailwind Financial Services
The mutual fund industry's growth in June 2024 was marked by record equity inflows, driven by strong market confidence, SIP contributions, and NFOs. Despite challenges in the debt fund segment, overall, AUM continued to rise, reflecting the evolving investment strategies and confidence of investors. Key tren...
SIP Contributions Hit New Highs in June: Market Confidence Driven by Positive Economic Indicators By Rishabh Goel, MD, Tailwind Financial Services
Below the Perspective on June WPI data by Mr. Dheer Shah, CFO, BDR Pharma
June 2024's Wholesale Price Index (WPI) reflects a steady rise with an annual inflation rate of 3.36% compared to June 2023. Comparatively, May 2024 recorded a WPI inflation rate of 2.61%, indicating a steady progression in inflationary pressures. This increase is driven by higher prices in food articles, manufacture of food products, crude petroleum & natural gas, mineral oils, and other ...
Perspective on June WPI data by Mr. Dheer Shah, CFO, BDR Pharma
Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
The markets began the week positively, building on Friday's gains. Following an initial uptick, the Nifty gradually climbed, reaching a high of 24,635.05 before closing at 24,586.70. All key indices joined the rally, with realty, auto, and energy sectors leading the gains. The broader indices also performed well, rising by 0.6%-0.9%.
We maintain a positive outlook a...
Daily Market Analysis : The markets began the week positively, building on Friday's gains Says Mr. Ajit Mishra, Religare Broking Ltd
Below the Quote on Pre-Market Comment by Deven Mehata , Research Analyst, Choice Broking
The benchmark Sensex and Nifty indices are expected to open positive on July 15, following GIFT Nifty trends indicating a gain of 90 points for the broader index.
Nifty can find support at 24,400 followed by 24,300 and 24,250. On the higher side, 24,600 can be an immediate resistance, followed by 24,650 and 24,700.
The charts of Bank Nifty indicate that it may get support at 5...
Pre-market comment by Deven Mehata , Choice Broking
The Government of India has recently introduced a new policy for the sale of wheat, rice, and coarse grains in the open market through the Open Market Sale Scheme (Domestic) (OMSS (D)) for the year 2024-25. This policy, communicated through a formal directive dated July 9, 2024, outlines reserve prices and operational guidelines for offloading food grain stocks that are in excess of buffer stocking norms. The policy is set to be effective from August 1, 2024, to March 31, 2025, or until furth...
Strategic Price Control: Evaluating the 2024-25 OMSS for Grains By Amit Gupta , Kedia Advisory