Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Today, the market experienced a significant rally, gaining nearly two percent and reversing the recent negativity. The upbeat tone was evident from the start, with substantial buying in heavyweights across various sectors further driving the momentum. Consequently, both the Nifty and Sensex closed near their highs at 24,834 and 81,332, respectively.
This surg...
Daily Market Analysis : Today, the market experienced a significant rally, gaining nearly two percent and reversing the recent negativity 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 to positive on July 26, following GIFT Nifty trends indicating a gain of 20 points for the broader index.
Nifty can find support at 24,300 followed by 24,350 and 24,200. On the higher side, 24,500 can be an immediate resistance, followed by 24,550 and 24,600.
The charts of Bank Nifty indicate that it may get suppo...
Pre-Market Comment by Deven Mehata, Research Analyst, Choice Broking
Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Markets remained volatile on the monthly expiry day and ended nearly flat, continuing the current consolidation trend. Weak global cues and pressure on major banking stocks led to a gap-down start, but recovery in select heavyweights minimized losses. Ultimately, Nifty closed at 24,406.10. Sector-wise, energy, auto, and pharma performed well despite the choppiness, while m...
Daily Market Analysis : Markets remained volatile on the monthly expiry day and ended nearly flat, continuing the current consolidation trend Says Mr Ajit Mishra, Religare Broking Ltd
Below the Quote on Gold & Silver by Anindya Banerjee, SVP, Head of Research, Currency, Commodity & Interest Rates, Kotak Securities
MCX Gold and Silver prices faced significant selling pressure following a reduction in basic customs duty from 10% to 5%, and a decrease in AIDC from 5% to 1%, resulting in a total import duty of 6%. This move has led to a sharp decline in prices, with Gold down by Rs. 4000/10 grams and Silver plummeting by Rs. 4090/kg.
While cheaper...
Quote on Gold & Silver by Anindya Banerjee, SVP, Head of Research, Currency, Commodity & Interest Rates, Kotak Securities
Below the Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities
Comex Gold prices held above $2,400, breaking a four-day losing streak on Tuesday, as the market awaited clarity on the Fed's first interest rate cut. Today, Comex Gold continues to hold gains, trading above $2410 per ounce amid anticipation of upcoming US data releases that could support Fed rate cuts. US personal consumption expenditures, Fed’s preferred underlying inflatio...
Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities
Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
The markets traded lackluster and ended slightly lower, continuing the ongoing consolidation phase. After a flat start, Nifty fluctuated within a narrow range, eventually closing at 24,413.50. Sector-wise, the trend was mixed, with energy, realty, and pharma showing decent gains, while banking and FMCG sectors declined. Notably, the broader indices performed well amid vola...
Daily Market Analysis : The markets traded lackluster and ended slightly lower, continuing the ongoing consolidation phase 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 negative on July 24, following GIFT Nifty trends indicating a loss of 60 points for the broader index.
Nifty can find support at 24,400 followed by 24,350 and 24,300. On the higher side, 24,550 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 , Research Analyst, Choice Broking
Below the Quote on Post-Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
Indian benchmark indices ended marginally lower in a volatile session on July 23. At the close, the Sensex was down 73.04 points or 0.09 percent at 80,429.04, and the Nifty was down 30.30 points or 0.12 percent at 24,479.00.
On Budget day, the Nifty fell almost 500 points from its day high. However, post-budget, the Nifty recovered 470 points from its day low, indicating ...
Post-Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
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 23, following GIFT Nifty trends indicating a gain of 30 points for the broader index.
Nifty can find support at 24,450 followed by 24,400 and 24,300. On the higher side, 24,600 can be an immediate resistance, followed by 24,800 and 25,000.
The charts of Bank Nifty indicate that it may get support at 5...
Pre-Market comment by Deven Mehata , Research Analyst, Choice Broking
Below the Quote on Post Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
Indian benchmark indices ended marginally lower in a volatile session on July 22. At close, the Sensex was down 79.43 points or 0.10 percent at 80,525.22, and the Nifty was down 21.60 points or 0.09 percent at 24,509.30.
The Nifty, after a gap-down opening, rebounded from the day's low, rallying 231 points and finally settling higher at 24,515.9. The 24,400 level acts as a...
Post Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
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