Market is expected to on a flattish note and likely to witness sideways move during the day - Nirmal Bang
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/05/0cb72306f95e8705469673f2e6595c2f.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Market Review
US
The Dow Jones Industrial Average closed the week on a high by rising again as the stock market rally continued. The Nasdaq was outperforming as tech stocks continued to fight back. But while the index closed up 2.3%, it finished a tough week beneath its 50-day moving average.
Asia
Shares in Asia-Pacific were mixed in Monday morning trade as investors await the release of Chinese economic data.
India:
Domestic equity markets traded within a narrow range on Friday, fluctuating between gains and losses, as a slew of downgrades in the GDP growth forecasts for FY22 along with slowdown in the vaccination programme amid supply crunch kept investors indecisive about the market direction. Market is expected to on a flattish note and likely to witness sideways move during the day.
Economy
U.S. retail sales unexpectedly stalled in April as the boost from stimulus checks faded, but an acceleration is likely in the coming months amid record savings and a reopening economy. The unchanged reading in retail sales last month followed a 10.7% surge in March, an upward revision from the previously reported 9.7% increase. Economists had forecast retail sales would rise 1.0%. Retail sales surged 51.2% on a year-on-year basis. Last month's unchanged reading in sales came as a 2.9% rise in motor vehicles purchases was offset by declines in spending elsewhere. Sales at clothing stores tumbled 5.1%. U.S. consumer sentiment unexpectedly dropped in early May as inflation worries sapped confidence in what had been a rapidly brightening economic outlook. Consumer Sentiment Index fell 5.5 points to a reading of 82.8, pulling back from the highest level in roughly a year in April. Economists had been looking for a reading of 90.4, which would have marked the third straight monthly gain
Commodities:
Oil prices edged lower on Monday as the recovery of a major U.S. pipeline network eased concerns over supply and a new wave of COVID-19 restrictions in Asia fuelled fears of lower demand. Gold prices rose to a three-month high on Monday, as a weaker dollar and a dip in Treasury yields boosted metal's appeal after data last week showed U.S. retail sales unexpectedly stalled in April.
Currency:
The U.S. dollar found pockets of support in Asia on Monday, but struggled to post gains, as investors are heavily positioned for it to fall further while the U.S. Federal Reserve holds interest rates low and U.S. trade and current account deficits grow.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://investmentguruindia.com/Disclaimer/nirmal.html
SEBI Registration number is INH000001766
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Gold Jewellery.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Mutual Fund 21.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Utkarsh Small Finance Bank.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/real estate sector_856.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Home Finance_12.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/coocker57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/IDBI Bank 1.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/UPI Auto Pay.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Rupee_040124.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/apple57.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
![Daily Market Commentary : Nifty closed higher for the sixth straight day with gains of 93 points (+0.5%) at 19820 levels Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/009b2b15289ce4f7e143526434c946d5.jpg)