Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd.
On the monthly expiry day, markets edged higher and gained nearly 1%, driven by favorable cues. After a flat opening, Nifty traded with a positive bias and saw significant momentum in the final hours, closing at 26,216.05, up 0.81%. All major sectors contributed to the rally, with auto, metal, and FMCG leading the charge. However, broader indices remained subdued for anot...
Daily Market Analysis : After a flat opening, Nifty traded with a positive bias and saw significant momentum in the final hours Says Mr. Ajit Mishra, Religare Broking Ltd
Below the Quote on Pre-Market Comment by Hardik Matalia, Derivative analyst, Choice Broking Ltd
The benchmark Sensex and Nifty indices are expected to open positive on Sept 26, following GIFT Nifty trends indicating a gain of 68 points for the broader index.
After a positive opening, Nifty can find support at 25,900 followed by 25,850 and 25,750. On the higher side, 26,050 can be an immediate resistance, followed by 26,100 and 26,150.
The charts of Bank Nifty indicate ...
Pre-Market Comment by Hardik Matalia, Derivative analyst, Choice Broking Ltd
Below the Quote on Market by Vinod Nair, Head of Research, Geojit Financial Services
"After a range-bound trade, the benchmark indices inched higher towards close, led by power and banking stocks, while mid- and small-cap indices experienced corrections driven by valuation concerns. The domestic market may face short-term challenges owing to a decline in FIIs inflow and shift of funds to other emerging markets due to their cheap valuation. Meanwhile, gold, as a safe-h...
Market Quote : Benchmark Indices Inch Higher, Power and Banking Stocks Lead Says Vinod Nair, Head of Research, Geojit Financial Services
Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
"The Nifty made another lifetime high as bulls seemed in no mood to back down, despite a weak start. The sentiment is likely to remain positive as long as it remains above 25,900, where aggressive put writing was visible. Technically, the Nifty has sustained above its very short-term moving average. Furthermore, no reversal is visible in the momentum indicator. Therefore, we might witness a range-...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Below the Quote on Silver By Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Silver prices surged past Rs.90,000 in the physical market, reaching Rs.90,324, as per IBJA rates, with Comex Silver surpassing $32, following a sharp rally of 4.25%. In MCX, Silver prices rose by 3.45% yesterday, taking prices above Rs.92,000. This bullish movement comes amid strong expectations for further U.S. interest rate cuts and China unveiling aggressi...
Quote on Silver by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold By Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"In Comex, gold is trading flat near $2,656 after experiencing a strong $30 rally yesterday, while in MCX, it's up by Rs.200 at Rs.75,200. The recent surge in prices reflects strong momentum from previous sessions, with traders possibly pausing to consolidate gains. Participants are now focused on the upcoming Core PCE Price Index data set to be released on F...
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Gold prices on MCX surged past Rs.75,000 for the first time, gaining 4.74% in September. This rally is driven by rising geopolitical tensions, particularly the Israel-Hezbollah conflict, pushing investors towards gold as a safe-haven asset. Additionally, a weakening U.S. dollar, with the dollar index dropping to 100.51, has supported gold prices. Comments from U.S. Federal Reserve officials hinting at potential rate cuts, coupled with cooling inflation, have shifted focus away from aggressive...
Gold Prices Hit Lifetime High on MCX Settled above Rs.75,000 by Amit Gupta, Kedia Advisory
The benchmark Sensex and Nifty indices are expected to flat to negative on Sept 25, following GIFT Nifty trends indicating a loss of 20 points for the broader index.
After a flat to negative opening, Nifty can find support at 25,850 followed by 25,800 and 25,750. On the higher side, 26,000 can be an immediate resistance, followed by 26,050 and 26,100.
The charts of Bank Nifty indicate that it may get support at 53,800, followed by 53,700 and 53,500. If the index advances further, 54,200...
Pre-Market Comment by Hardik Matalia, Derivative Analyst, Choice Broking Ltd
The Indian Rupee stabilized near mid-83.00s during the Asian session on Tuesday, benefiting from subdued USD demand. Expectations of a dovish Federal Reserve, following a major rate cut last week, have kept the USD under pressure, providing some relief to the INR. Technically, the USD/INR pair remains vulnerable, trading below its 100-day EMA, with key support at 83.30 and resistance around 83.68. Additionally, India’s PMI data for September showed a slowdown in manufacturing and servic...
Indian Rupee Gains Amid Subdued USD Demand, Eyes Key US Data for Direction by Amit Gupta, Kedia Advisory
Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd.
Markets traded in a subdued manner, closing nearly unchanged after a recent rally. Following a flat opening, Nifty moved within a narrow range for most of the session but briefly tested a new milestone of 26,000. Sector-wise, metals, energy, and IT posted decent gains, while FMCG and financials saw profit booking. Broader indices followed a mixed trend, leading to a flat ...
Daily Market Analysis : Markets traded in a subdued manner, closing nearly unchanged after a recent rally Says Mr. Ajit Mishra, Religare Broking Ltd
The benchmark Sensex and Nifty indices are expected to open positive on Sept 24, following GIFT Nifty trends indicating a gains of 37 points for the broader index.
After a positive opening, Nifty can find support at 25,850 followed by 25,800 and 25,750. On the higher side, 26,000 can be an immediate resistance, followed by 26,050 and 26,100.
The charts of Bank Nifty indicate that it may get support at 53,800, followed by 53,700 and 53,500. If the index advances further, 54,300 would be ...
Pre-Market Comment by Hardik Matalia, Derivative Analyst, Choice Broking Ltd
Below The Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
The markets opened the week on a positive note, gaining nearly half a percent in line with Friday's momentum. After an early uptick, the Nifty index traded within a narrow range for most of the session, ultimately closing near the day’s high at 25,928.75. Most sectors contributed to the rally, with realty, auto, and energy leading the charge. Broader indices...
Daily Market Analysis : The markets opened the week on a positive note, gaining nearly half a percent in line with Friday`s momentum Says Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Below the Quote on FPI Progress in September Trend inputs - Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India
In line with an expected move, the US Federal Reserve, this week, made the first interest rate cut in the last four years, by a larger-than-anticipated margin of 50 bps. The FPI fraternity has been conscious of this move and reacted passively. The Indian markets reflected their resilience on a positive not...
FPI Progress in September Trend inputs - Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India
Below the Quote on Weekly Note by Mr. Ajit Mishra, SVP - Research, Religare Broking Ltd
The markets continued their upward momentum for the second consecutive week, with benchmark indices gaining nearly 2%, largely supported by the US Federal Reserve's rate cut. Throughout most of the week, the indices traded within a limited range, but a strong rally on Friday helped Nifty and Sensex close at record highs, reaching 25,790.90 and 84,544.31, respectively. The rally was primari...
Weekly Note by Mr. Ajit Mishra, SVP - Research, Religare Broking Ltd
The 2024-25 Kharif season in Gujarat shows promising agricultural output across key crops. Rice leads in food grains with 2232.33 thousand tonnes, while maize yields 2022.15 kg/ha. Pulses, particularly Tur and Mung, show strong yields at 1195.75 kg/ha and 589.81 kg/ha, respectively. Groundnut dominates oil seeds with 3026.31 kg/ha. Cotton, the major cash crop, spans 2364.95 thousand hectares, producing 8831.46 thousand bales. Overall, the state's total oil seeds and pulses production rema...
First Advance Estimates of Area, Production and Yield of Major Kharif Crops of Gujarat State for the year 2024-25 by Amit Gupta, Kedia Advisory
Below the Quote on Post Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
Yesterday, we observed a bout of profit booking at higher levels; however, today the market sentiment has improved significantly, resulting in notable gains for both the Sensex and Nifty. This rally was driven by robust performances in the banking, automotive, and energy sectors. Specifically, the Sensex increased by 1,389 points (1.7%), closing at 84,574, while...
Post Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
Below the Quote on Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities
In the last week, the benchmark indices continued positive momentum, the Nifty ends 1.71 percent higher while the Sensex was up by 1653 points. Among Sectors, Reality and Bank Nifty indices outperformed. Reality index was the top gainer, rallied over 5 percent whereas IT and Media indices shed over 2 percent. During the week, market consolidate near 25300/82000 but on last Friday,...
Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities