11-11-2023 05:15 PM | Source: Geojit Financial Services
weekly market outlook : The Nifty index was not able to breach above the key level of 19,500 Say`s Vinod Nair, Geojit Financial Services
Below the weekly market outlook from Vinod Nair, Head of Research at Geojit Financial Services.
"Reflecting the mixed global sentiments on account of a more than expected fall in Chinese exports, highlighting a continued slowdown in global trade, the Indian market is mired to a range bound trend. The Nifty index was not able to breach above the key level of 19,500. Though cues from the Fed Chair's speech have reduced the likelihood of a rate hike in the near term, leading to an ease in US treasury yields and calming the market. However, headline inflation remains above the US central bank’s target. FIIs selling has moderated but inflows continue to be muted on concerns of an elevated interest rate and a global slowdown. Mid- and small caps are back in favour after the recent fall, led by retail activities & good corporate results. Week ahead, focus will be on inflation data US and India, India's October inflation is expected to ease to 4.8 from 5%, while US inflation is expected to remain steady. "
Above views are of the author and not of the website kindly read disclaimer
Latest News
How volatility hit the Indian markets in last three ...
Perspective On IIP Data By Mr. Nish Bhatt, Founder &...
Bajaj Allianz Life`s sustainable & profitable growth...
Muthoottu Mini Announces Strategic Expansion with Ne...
EVs, green hydrogen to propel India`s journey toward...
Quote on Malabar Gold and Diamonds saw an increase i...
Market outlook for next week, key events to watch
Hyundai Motor beats Volkswagen in Q1 operating profit
Astro Zindagi: Weekly Horoscope
Over $320 mn raised by 24 Indian startups this week
Tag News
Market outlook for next week, key events to watch
Weekly Market Analysis : Markets gradually declined by ~ 2% during the past week, primarily influenced by weak domestic signals Says Mr. Ajit Mishra, Religare Broking
Market Wrap Up by Amol Athawale, VP-Technical Research, Kotak Securities Ltd
Market Macros by Shrikant Chouhan, Head Equity Research, Kotak Securities
More News
Post-market comment by Mandar Bhojane, Choice Broking
Quote on Nifty : The Nifty continued to exhibit strength as the index reached new highs Says Rupak De, LKP Securities
Daily Market Commentary : Domestic equities opened on a weak note amid cautiousness in global markets Says Mr. Siddhartha Khemk...
Daily Market Analysis : Markets remained in a range for yet another session and lost nearly half a percent Say`s Ajit Mishra, R...