Below the Pre-Market Comment by Hardik Matalia, Derivative Analyst, Broking Ltd
The benchmark Sensex and Nifty indices are expected to open positive on Sept 19, following GIFT Nifty trends indicating a gain of 83 points for the broader index.
After a positive opening, Nifty can find support at 25,300 followed by 25,250 and 25,200. On the higher side, 25,500 can be an immediate resistance, followed by 25,550 and 25,600.
The charts of Bank Nifty indicate that it may get ...
Pre-Market Comment by Hardik Matalia, Derivative Analyst, Choice Broking Ltd
India’s kharif sowing has surpassed the normal acreage, reaching 1,096.65 lakh hectares, driven by favorable monsoon conditions. Paddy cultivation saw a 4% increase, but export restrictions on non-basmati rice persist due to weather-related risks in key regions. Oilseeds and maize coverage rose, with soybean and groundnut areas expanding, potentially boosting price trends. Pulses also showed growth, though their overall acreage remained below normal levels. Cotton acreage, however, fell...
India's Kharif Sowing Exceeds Normal Acreage Amid Increased Coverage of Key Crops by Amit Gupta, Kedia Advisory
India’s kharif sowing has surpassed the normal acreage, reaching 1,096.65 lakh hectares, driven by favorable monsoon conditions. Paddy cultivation saw a 4% increase, but export restrictions on non-basmati rice persist due to weather-related risks in key regions. Oilseeds and maize coverage rose, with soybean and groundnut areas expanding, potentially boosting price trends. Pulses also showed growth, though their overall acreage remained below normal levels. Cotton acreage, however, fell...
India`s Kharif Sowing Exceeds Normal Acreage Amid Increased Coverage of Key Crops by Amit Gupta, Kedia Advisory
Below the Quote on Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd.
Markets remained volatile for another session, ending flat in line with global trends ahead of the US Fed meeting. After a steady start, sentiment was positive in the first half, despite a mixed performance from heavyweights. However, the index gave up all its gains with a sharp decline as the day progressed, closing at 25,377.55. Most sectors were under pressure, but strength ...
Daily Market Analysis : Markets remained volatile for another session, ending flat in line with global trends ahead of the US Fed meeting Says Mr. Ajit Mishra, Religare Broking Ltd
Below the Quote on Post Market Comment by Hardik Matalia, Derivative Analyst, Choice Broking
On September 18, Indian benchmark indices experienced a volatile trading session and ended lower. The Sensex closed 131.43 points lower, or down 0.16 percent, at 82,948.23, while the Nifty lost 41 points, or 0.16 percent, to close at 25,377.55.
On the daily chart, the Nifty index made a new record high of 25,482.2 but could not sustain higher levels, as selling pressure pulled the...
Post Market Comment by Hardik Matalia, Derivative Analyst, Choice Broking
Below the Quote on Pre-Market Comment by Hardik Matalia , Research Analyst, Choice Broking
The benchmark Sensex and Nifty indices are expected to open flat to positive on Sept 18, following GIFT Nifty trends indicating a gains of 20 points for the broader index.
After a flat to positive opening, Nifty can find support at 25,350 followed by 25,300 and 25,250. On the higher side, 25,500 can be an immediate resistance, followed by 25,550 and 25,600.
The charts of Bank Nifty i...
Pre-Market Comment by Hardik Matalia , Research Analyst, Choice Broking
Below the Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities
Comex Gold prices surged to a record high of $2,617.40 on Monday, driven by a weaker US dollar amid growing expectations of a significant rate cut. The CME FedWatch Tool now indicates a 67% chance of a 50 basis point rate cut by the Fed, up from 50%, with a 33% probability of a 25 basis point cut. Geopolitical risks, particularly in the Middle East, and an alleged assassination at...
Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities
Below the Quote on Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd.
Markets remained subdued for the third consecutive day, ending slightly in the green. After a flat opening, the Nifty moved within a narrow range, closing at 25,418.55. Sector-wise, realty and auto saw gains, while metal and pharma ended in the red. Simultaneously, profit-booking in the midcap and smallcap segments led to weaker market breadth.
The recent market ac...
Daily Market Analysis : Markets remained subdued for the third consecutive day, ending slightly in the green Says Mr. Ajit Mishra, Religare Broking Ltd
Below the Quote on Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
The markets remained lackluster for another session, closing marginally in the green, extending Friday's brief recovery. After an initial uptick, the Nifty traded within a narrow range, eventually settling at 25,383.75 level. Sectoral trends were mixed, with energy and metals showing decent gains, while FMCG and IT saw slight declines. Market breadth leaned slightly positive...
Daily Market Analysis : The markets remained lackluster for another session, closing marginally in the green, extending Friday`s brief recovery Says Mr. Ajit Mishra, Religare Broking Ltd
India has raised the basic import tax on crude and refined edible oils by 20 percentage points to support local farmers facing lower oilseed prices. The new tax will increase the total import duty on crude palm oil, soyoil, and sunflower oil to 27.5%, up from 5.5%, while refined oils will now attract 35.75% duty, up from 13.75%. The move is expected to raise domestic edible oil prices, dampen demand, and reduce India’s reliance on overseas imports, particularly from Indonesia, Malaysia,...
India Increases Import Tax on Edible Oils to Support Domestic Farmers by Amit Gupta, Kedia Advisory
India's cotton exports for the 2023-24 season have surged by 80%, reaching 28 lakh bales, driven by strong demand from Bangladesh and Vietnam, according to the Cotton Association of India (CAI). Imports have also increased to 16.40 lakh bales, while domestic consumption is projected at 317 lakh bales, reflecting steady local demand. Cotton acreage has declined to 112.13 lakh hectares, mainly in Gujarat, Maharashtra, and Telangana, though Karnataka and Odisha saw slight increases. With sup...
Cotton Exports Surge 80% in 2023-24 Season Amid Global Demand Growth by Amit Gupta, Kedia Advisory
Below the Quote on Pre-Market Comment by Deven Mehata , Derivative Analyst, Choice Broking
The benchmark Sensex and Nifty indices are expected to open Positive on SEPT 16, following GIFT Nifty trends indicating a gain of 60 points for the broader index.
After a gap up opening Nifty can find support at 25,300 followed by 25,200 and 25,150. On the higher side, 25,450 can be an immediate resistance, followed by 25,500 and 25,600.
The charts of Bank Nifty indicate tha...
Pre-Market Comment by Deven Mehata , Derivative Analyst, Choice Broking
Below the Quote on Weekly Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Markets surged strongly, reclaiming record highs, largely supported by positive global cues. While the tone remained subdued for most of the week, a sharp rally on Thursday shifted momentum back in favor of the bulls. By the end of the week, both the Nifty and Sensex closed near their highs at 25,356.50 and 82,890.94, respectively. All sectors contributed to the rally, with FM...
Weekly Market Analysis : Markets surged strongly, reclaiming record highs, largely supported by positive global cues Says Mr. Ajit Mishra, Religare Broking
Below The Quote on Market by Krishna Appala, Sr. Research Analyst, Capitalmind Research
Bajaj Housing recently sought ?6,500 crore through its IPO, but the market's response was overwhelming, with bids exceeding ?4 lakh crore. This massive interest is driven by factors such as strong parentage, reasonable valuations, and the current IPO euphoria. The big question now is: will the Bajaj Housing IPO trigger a sector-wide re-rating for NBFCs? At least for the moment, the si...
Quote on Market by Krishna Appala, Sr. Research Analyst, Capitalmind Research
Below the Quote on Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
The markets saw lackluster trading on Friday, ending slightly lower as they took a breather following a strong surge. After a flat opening, the Nifty fluctuated within a narrow range throughout the session and ultimately closed at 25,344. Sectoral performance was mixed, with realty and metals showing solid gains, while FMCG and energy declined. Meanwhile, the broader indices out...
Daily Market Analysis : The swift recovery in US markets, along with the recent uptick in foreign inflows, is driving this upward movement Says Mr. Ajit Mishra, Religare Broking Ltd
The U.S. cotton balance sheet for 2024/25 shows a significant reduction in production, now forecasted at 14.5 million bales, down 600,000 from August due to lower yields. This decrease has led to a cut in exports to 11.8 million bales and ending stocks reduced by 500,000 bales to 4 million. Globally, cotton production is lowered by 1.2 million bales, influenced by declines in the U.S., India, and Pakistan. World consumption is reduced by 460,000 bales, with major decreases in Vietnam, Banglad...
U.S. Cotton Production and Global Supply Shrink Amid Lower Yields by Amit Gupta, Kedia Advisory