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Trend reversal in FPI investment from buying in last 3 months to selling in Sep Net FPI investment in September has turned negative and as per NSDL data, FPIs through September 8 have sold equity for Rs 4,402 crore and if we exclude the bulk deals and investment through the primary market, the sell figure in the cash segment rises to Rs 8,832 crore, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. This trend reversal in FPI investment from buying in the last three months to selling in September is mainly due to the rising US bond yields...
Trend reversal in FPI investment from buying in last 3 months to selling in Sep
Trend reversal in FPI investment from buying in last 3 months to selling in Sep
Source: IANS
9/09/2023 3:29:19 PM
Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services Below Quote on Weekly market outlook 09 Septmeber 2023 By Vinod Nair, Head of Research at Geojit Financial Services "Domestic indices experienced a gradual rally throughout the week, buoyed by strong domestic macroeconomic data such as robust GDP and PMI figures, which painted a positive outlook for the domestic market. Despite a mixed global trend marked by weak cues, Indian equities remained resilient, supported by this strong economic outlook. Global concerns were sp...
Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services
Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services
Source: Geojit Financial Services
9/09/2023 10:05:07 AM
Sustained buying by domestic funds taking market higher Sustained DII investment supported by strong retail buying is driving the market higher in spite of FII selling, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. In September, so far, FIIs have sold in the cash market for Rs 8,608 crore and DIIs have bought for Rs 5,715 crore. In spite of this net institutional selling Nifty is up by 434 points for the month so far. This, and the hyper activity in the mid-and small-cap segments, point to the active participa...
Sustained buying by domestic funds taking market higher
Sustained buying by domestic funds taking market higher
Source: IANS
8/09/2023 2:52:21 PM
Agri Commodity Technical Report 08 September 2023 - Geojit Financial Services JEERA NCDEX OCT 64000 is the immediate resistance and a voluminous rise above the same may strengthen upward momentum. Inability to clear the same may call for choppy moves with possibility of dips towards 62700/62000 ranges. DHANIYA NCDEX OCT Unless 7270 is breached convincingly upside, may trade sideways to weak with weakness intensifying below 7010 ranges. TURMERIC NCDEX OCT A direct voluminous rise above 15500 or a fall past 14300 may lend fresh directions for the day. ...
Agri Commodity Technical Report 08 September 2023 - Geojit Financial Services
Agri Commodity Technical Report 08 September 2023 - Geojit Financial Services
Source: Geojit Financial Services
8/09/2023 10:32:25 AM
Quote on Outlook for QSR, Aviation, and Hospitality Sectors Says Gaurang Shah, Geojit Financial Services Below Quote on Outlook for QSR, Aviation, and Hospitality Sectors 09th September 2023 By Gaurang Shah, Senior Vice President at Geojit Financial Services "We are positive about the QSR (Quick Service Restaurant) segment, optimistic about the aviation industry, and bullish on the hospitality and hotel sector. This optimism is not solely due to the G20 Summit but is also driven by several other upcoming events, not only this year but also in the coming years. We have...
Quote on Outlook for QSR, Aviation, and Hospitality Sectors Says Gaurang Shah, Geojit Financial Services
Quote on Outlook for QSR, Aviation, and Hospitality Sectors Says Gaurang Shah, Geojit Financial Services
Source: Geojit Financial Services
8/09/2023 10:26:46 AM
Commodity Intraday Technical Outlook 08 September 2023 - Geojit Financial Services Gold LBMA Spot Prices expected to be choppy with mild negative as it stays below the support of $1925. Further rallies are seen only above $1955. Silver LBMA Spot A mild recovery upticks expected initially. However, further major rallies are seen only a break above $25. Crude Oil NYMEX Further rallies are seen only above the immediate resistance of $88. Else, choppy trading is expected. Gold KG Oct Choppy trading with mild recovery upticks can be seen initially. However, ...
Commodity Intraday Technical Outlook 08 September 2023 - Geojit Financial Services
Commodity Intraday Technical Outlook 08 September 2023 - Geojit Financial Services
Source: Geojit Financial Services
8/09/2023 10:20:55 AM
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 07 September 2023 By Geojit Financial Bullion Gold Range bound moves with mild positive bias expected in the intraday. Sturdy gains above the 59500 may strengthen the prices. Dip below 58900 may induce weakness. Silver Extended dip below 71700 may weaken the prices. Rebound may sustain only above 73000 region. ENERGY Crude Oil MACD Bullish divergence suggest mild positivity. However, to extend gains, prices need to break above the 7320 region. A dip below 7130 may induce weakness as well. Natur...
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 07 September 2023 By Geojit Financial
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 07 September 2023 By Geojit Financial
Source: Geojit Financial Services
7/09/2023 6:02:47 PM
Market Quote : This optimism was most prominent in banking stock Says Mr. Vinod Nair, Geojit Financial Services Below Quote on Market 07 September 2023 By Vinod Nair, Head of Research at Geojit Financial Services "The domestic market initially opened with a lackluster performance, influenced by weak global cues. However, as the day progressed, a decline in U.S. bond yields and crude oil prices injected some positivity into the market. This optimism was most prominent in banking stocks. Interestingly, mid- and small-cap stocks managed to retain investor interest even though t...
Market Quote : This optimism was most prominent in banking stock Says Mr. Vinod Nair, Geojit Financial Services
Market Quote : This optimism was most prominent in banking stock Says Mr. Vinod Nair, Geojit Financial Services
Source: Geojit Financial Services
7/09/2023 5:09:42 PM
Quote on the Impact on sectors ahead of G20 Summit 2023 from Dr. V K Vijayakumar, Geojit Financial Services Below the quote on the Impact on sectors ahead of G20 Summit 2023 from Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. "The India Growth Story, which is the best among large economies, is getting wider attention and appreciation with the G20 presidency. India’s highly profitable sectors like banking, IT and pharmaceuticals are already well researched and have attracted significant investments. A segment that has attracted significant attention...
Quote on the Impact on sectors ahead of G20 Summit 2023 from Dr. V K Vijayakumar, Geojit Financial Services
Quote on the Impact on sectors ahead of G20 Summit 2023 from Dr. V K Vijayakumar, Geojit Financial Services
Source: Geojit Financial Services
7/09/2023 12:53:17 PM
Morning Market Quote : The market has turned excessively volatile responding to fast changing incoming data Says Dr. V K Vijayakumar, Geojit Financial Services Below Quote On Morning Market 07 September 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services "The market has turned excessively volatile responding to fast changing incoming data. DIIs have been consistent buyers on the back of good flows to domestic mutual funds. But FIIs have been consistently selling in the cash market this month with a net sell figure of Rs 7850 crores. The FII selling has been triggered by the rising US bond...
Morning Market Quote : The market has turned excessively volatile responding to fast changing incoming data Says Dr. V K Vijayakumar, Geojit Financial Services
Morning Market Quote : The market has turned excessively volatile responding to fast changing incoming data Says Dr. V K Vijayakumar, Geojit Financial Services
Source: Geojit Financial Services
7/09/2023 10:36:27 AM
Commodity Intraday Technical Outlook 07 September 2023 - Geojit Financial Services Gold LBMA Spot Prices expected to be choppy with mild negative as it stays below the support of $1925. Further rallies are seen only above $1955. Silver LBMA Spot Ongoing weakness may continue the day as well. Further rallies are seen only a break above $25. CCrude Oil NYMEX Break above the immediate resistance of $88 would trigger another bullish rallies. Else, choppy trading is expected. Gold KG Oct Corrective selloffs expected the day. Break above Rs 58500 is required ...
Commodity Intraday Technical Outlook 07 September 2023 - Geojit Financial Services
Commodity Intraday Technical Outlook 07 September 2023 - Geojit Financial Services
Source: Geojit Financial Services Ltd
7/09/2023 9:58:32 AM
Agri Commodity Technical Report 07 September 2023 - Geojit Financial Services MARKET NEWS/UPDATES * Maharashtra has reported total area under kharif crops, as on Monday, at 14.1 mln ha, amounting to 98.9% of the normal area of 14.2 mln ha. As of Monday, the area under cereals in the state at 3.0 mln ha was 87% of its normal figure, with Nagpur exceeding 100% of the normal area up to the date. Meanwhile, cultivation in Latur was just 28% of the normal, data from the state government showed. Pulses were sown on 1.7 mln ha, nearly 75% of the normal acreage. Land under ...
Agri Commodity Technical Report 07 September 2023 - Geojit Financial Services
Agri Commodity Technical Report 07 September 2023 - Geojit Financial Services
Source: Geojit Financial Services Ltd
7/09/2023 9:57:20 AM
Quote on SEBI`s plan one-hour trade settlement from A Balakrishnan, Geojit Financial Services Below the quote on SEBI's plan one-hour trade settlement from A Balakrishnan, Executive Director of Geojit Financial Services. "We do not see any impediment in Sebi’s plan to implement one-hour settlement of trades first. It is highly implementable when Clearing Corporations and Depositories are ready with the systems. UPI’s success created confidence in near real time settlement. Investors will get faster settlement and they will have faster cash in ha...
Quote on SEBI`s plan one-hour trade settlement from A Balakrishnan, Geojit Financial Services
Quote on SEBI`s plan one-hour trade settlement from A Balakrishnan, Geojit Financial Services
Source: Geojit Financial Services
6/09/2023 6:19:06 PM
Market Quote : A spike in crude oil reverberated across the globe, reviving concerns about inflation Says Mr. Vinod Nair, Geojit Financial Services Below Quote on Market 06 September 2023 By Vinod Nair, Head of Research at Geojit Financial Services "A spike in crude oil reverberated across the globe, reviving concerns about inflation and sparking fears of a Fed rate hike. This led to a surge in U.S. bond yields, causing investors to shift towards the safety of bonds and reversing the buying trend of foreign investors in the domestic market. Nevertheless, the resilience of the domestic markets shone through as ...
Market Quote : A spike in crude oil reverberated across the globe, reviving concerns about inflation Says Mr. Vinod Nair, Geojit Financial Services
Market Quote : A spike in crude oil reverberated across the globe, reviving concerns about inflation Says Mr. Vinod Nair, Geojit Financial Services
Source: Geojit Financial Services
6/09/2023 5:47:56 PM
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 06 September 2023 By Geojit Financial Bullion Gold Range bound moves with mild positive bias expected in the intraday. Sturdy gains above the 59600 may strengthen the prices. Dip below 59000 may induce weakness. Silver Extended dip below 73200 may weaken the prices. Rebound may sustain only above 74000 region   ENERGY Crude Oil MACD Bullish divergence suggest mild positivity. However, an unexpected dip below 7120 may induce weakness. Natural Gas Prices may appear firmer above 219 reg...
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 06 September 2023 By Geojit Financial
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 06 September 2023 By Geojit Financial
Source: Geojit Financial Services
6/09/2023 5:34:28 PM
Quote on Mid and Small Cap Valuation from Vinod Nair, Geojit Financial Services  Below the quote on Mid and Smallcaps Valuation from Vinod Nair, Head of Research at Geojit Financial Services. "We believe that the valuation of Mid & Smallcaps remains appealing when compared to the trends of the past seven years. Specifically, Smallcaps appear to be even more attractive than Midcaps in the current scenario. However, considering the overall market consolidation, it's not an ideal environment for investing in high-risk categories, leading to mixed o...
Quote on Mid and Small Cap Valuation from Vinod Nair, Geojit Financial Services
Quote on Mid and Small Cap Valuation from Vinod Nair, Geojit Financial Services
Source: Geojit Financial Services
6/09/2023 12:15:22 PM
Morning Market Quote : For the near term, there are mixed cues for the market Says Dr. V K Vijayakumar, Geojit Financial Services Below Quote On Morning Market 06 September 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services "For the near term, there are mixed cues for the market. The negative factors are the surprising strength of the dollar index at 104.86, the resilient bond yields in the US (the 10-year at 4.26), and now, the Brent crude at $90. The spike in crude is a major macro concern. In this scenario, the FIIs are likely to continue selling in the c...
Morning Market Quote : For the near term, there are mixed cues for the market Says Dr. V K Vijayakumar, Geojit Financial Services
Morning Market Quote : For the near term, there are mixed cues for the market Says Dr. V K Vijayakumar, Geojit Financial Services
Source: Geojit Financial Services
6/09/2023 10:38:50 AM
Morning Nifty and Derivative comments 06 September 2023 By Anand James, Geojit Financial Services Views On Morning Nifty and Derivative comments 06 September 2023 by Anand James - Chief Market Strategist at Geojit Financial Services Nifty outlook:  We have reached the upper extremity of a one month trading range in less than four days, explaining the resistance to upsides yesterday. Though upside momentum persists, entry into the 19580-630 region could attract rejection trades again, which now stands in the way of achieving our target of 19790. Yet, we ...
Morning Nifty and Derivative comments 06 September 2023 By Anand James, Geojit Financial Services
Morning Nifty and Derivative comments 06 September 2023 By Anand James, Geojit Financial Services
Source: Geojit Financial Services
6/09/2023 10:35:51 AM
Agri Commodity Technical Report 06 September 2023 - Geojit Financial Services MARKET NEWS/UPDATES * Farmers in Gujarat have sown kharif crops over 8.45 mln ha as of today, up 1.5% from 8.32 mln ha a year ago, according to state government data. Cotton, the major kharif crop in the state, was sown across 2.7 mln ha, up 5.5% from 2.5 mln ha the previous year. The total area under oilseeds rose slightly to 2.63 mln ha from 2.61 mln ha as the acreage of soybean and castor increased. However, groundnut acreage declined to 1.63 mln ha from 1.70 mln ha a year ago. Sesamum ...
Agri Commodity Technical Report 06 September 2023 - Geojit Financial Services
Agri Commodity Technical Report 06 September 2023 - Geojit Financial Services
Source: Geojit Financial Services Ltd
6/09/2023 9:33:09 AM
Commodity Intraday Technical Outlook 06 September 2023 - Geojit Financial Services Gold LBMA Spot Intraday bias most likely choppy with mild negative as prices stay below the support of $1925. Further rallies are seen only above $1955. Silver LBMA Spot Corrective selling pressure is on the cards. Further rallies are seen only a break above $25. Crude Oil NYMEX While prices stay above $85 would continue rallies. A direct dip below $82 likely to correct prices lower. Gold KG Oct Break above Rs 58500 is required to extend rallies. Else, a mild selloffs exp...
Commodity Intraday Technical Outlook 06 September 2023 - Geojit Financial Services
Commodity Intraday Technical Outlook 06 September 2023 - Geojit Financial Services
Source: Geojit Financial Services Ltd
6/09/2023 9:25:27 AM
Market Quote : Strong domestic factors are providing crucial support for Indian equities Says Mr. Vinod Nair, Geojit Financial Services Below Quote on Market 05 September 2023 By Vinod Nair, Head of Research at Geojit Financial Services Strong domestic factors are providing crucial support for Indian equities, allowing them to maintain their strength despite attempts by weak global peers to disrupt the mood. India's service PMI remains robust at 60.2, indicating sustained demand even in the face of inflationary pressures. Notably, small and mid-cap stocks have been standout performers, with both indices reach...
Market Quote : Strong domestic factors are providing crucial support for Indian equities Says Mr. Vinod Nair, Geojit Financial Services
Market Quote : Strong domestic factors are providing crucial support for Indian equities Says Mr. Vinod Nair, Geojit Financial Services
Source: Geojit Financial Services
5/09/2023 5:05:30 PM
Agri Commodity Technical Report 05 August 2023 - Geojit Financial Services MARKET NEWS/UPDATES * Farmers in Andhra Pradesh have sown kharif crops over 2.05 mln ha as of Wednesday, down 25% from 2.73 mln ha last year, according to data from the state government. The area under paddy cultivation was at 1.05 mln ha, down 10.3% from 1.17 mln ha a year ago. So far in the monsoon season, the rainfall has been in 14 of the 26 districts. Normal showers were recorded in 12 districts. The water level in major reservoirs in the state was at 380.99 bln cu ft, lower than 790....
Agri Commodity Technical Report 05 August 2023 - Geojit Financial Services
Agri Commodity Technical Report 05 August 2023 - Geojit Financial Services
Source: Geojit Financial Services Ltd
5/09/2023 11:59:36 AM
Morning Market Quote : A significant trend in the market is the strength in IT index which is up 4.2% in a week Says Dr. V K Vijayakumar, Geojit Financial Services Below Quote On Morning Market 05 September 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services "A significant trend in the market is the strength in IT index which is up 4.2% in a week. Mid-cap IT has been doing well and now large-caps like HCL Tech, Infosys and Wipro have joined the rally. The order pipeline of IT companies is expected to improve on the back of the expected soft landing of the US economy. Metal stocks also are fi...
Morning Market Quote : A significant trend in the market is the strength in IT index which is up 4.2% in a week Says Dr. V K Vijayakumar, Geojit Financial Services
Morning Market Quote : A significant trend in the market is the strength in IT index which is up 4.2% in a week Says Dr. V K Vijayakumar, Geojit Financial Services
Source: Geojit Financial Services
5/09/2023 10:04:26 AM
Morning Nifty and Derivative comments 05 September 2023 By Anand James, Geojit Financial Services Views On Morning Nifty and Derivative comments 05 September 2023 by Anand James - Chief Market Strategist at Geojit Financial Services Nifty outlook:  The 19540 target that we had set out with last week having achieved, the prospects of a pull back need to be weighed, even as we remain optimistic about the extended target of 19790. Expect buying interest to surface initially on dips to 19496, but repeated inability to scale 19536/45 region on the bounce cou...
Morning Nifty and Derivative comments 05 September 2023 By Anand James, Geojit Financial Services
Morning Nifty and Derivative comments 05 September 2023 By Anand James, Geojit Financial Services
Source: Geojit Financial Services
5/09/2023 10:00:07 AM
Commodity Intraday Technical Outlook 05 September 2023 - Geojit Financial Services Gold LBMA Spot If the support of $1925 remain holds, expect upticks to continue the day. Else, choppy trading is on the cards. Silver LBMA Spot Further rallies are seen only a break above $25. If not, expect corrective selling pressure. Crude Oil NYMEX As long as prices stay above $85 would continue rallies. A direct dip below $82 would extend correction. Gold KG Oct Break above Rs 58500 is required to extend rallies. Else, a mild selloffs expected the day. Silver KG S...
Commodity Intraday Technical Outlook 05 September 2023 - Geojit Financial Services
Commodity Intraday Technical Outlook 05 September 2023 - Geojit Financial Services
Source: Geojit Financial Services Ltd
5/09/2023 9:02:31 AM
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 04 September 2023 By Geojit Financial Bullion Gold Range bound moves with mild positive bias expected in the intraday. Sturdy gains above the 59600 may strengthen the prices. Dip below 59000 may induce weakness. Silver Extended dip above 74400 may weaken the prices. Rebound may sustain only below 75300 region.   ENERGY Crude Oil MACD Bullish crossover suggest possible uptrend. Sustained trades above 7030 may strengthen the prices further. However, a dip below 6960 may induce weakness as well. ...
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 04 September 2023 By Geojit Financial
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 04 September 2023 By Geojit Financial
Source: Geojit Financial Services
4/09/2023 6:22:19 PM
Market Quote : Despite profit booking in Nifty Auto after reaching an all-time high Says Mr. Vinod Nair, Geojit Financial Services Below Quote on Market 04 September 2023 By Vinod Nair, Head of Research at Geojit Financial Services "Recent releases of domestic macroeconomic data have portrayed a positive picture for the domestic markets, allowing them to maintain their momentum. Despite profit booking in Nifty Auto after reaching an all-time high, the market regained its footing with robust buying in IT stocks. The increase in the US unemployment rate has solidified expectations of a pause in rate hikes...
Market Quote : Despite profit booking in Nifty Auto after reaching an all-time high Says Mr. Vinod Nair, Geojit Financial Services
Market Quote : Despite profit booking in Nifty Auto after reaching an all-time high Says Mr. Vinod Nair, Geojit Financial Services
Source: Geojit Financial Services
4/09/2023 5:21:10 PM
Commodity Intraday Technical Outlook 04 September 2023 - Geojit Financial Services MARKET NEWS/UPDATES * The area under kharif crops across the country in the 2023-24 (Jul-Jun) season so far is at 107.8 mln ha, a tad higher than 107.3 mln ha a year ago, according to data from the Department of Agriculture and Farmers Welfare. The acreage of paddy, the key grain in the kharif season, was up 4% on year at 39.8 mln ha. Paddy sowing has picked up pace in the last few weeks, aided by rainfall across the country, especially in the east and northeastern parts. Since Jun 1, the ...
Commodity Intraday Technical Outlook 04 September 2023 - Geojit Financial Services
Commodity Intraday Technical Outlook 04 September 2023 - Geojit Financial Services
Source: Geojit Financial Services Ltd
4/09/2023 11:47:20 AM
Morning Nifty and Derivative comments 04 September 2023 By Anand James, Geojit Financial Services Views On Morning Nifty and Derivative comments 04 September 2023 by Anand James - Chief Market Strategist at Geojit Financial Services Nifty outlook:  The proximity of congestion resistance at 19480-500 raises fears of rejection trades again. However, the steepness of the Friday’s rise, as well as the decline in VIX to levels last seen when Nifty was at 19600, encourages us to persist with upsides, with the near term objective extended to 19790. Downs...
Morning Nifty and Derivative comments 04 September 2023 By Anand James, Geojit Financial Services
Morning Nifty and Derivative comments 04 September 2023 By Anand James, Geojit Financial Services
Source: Geojit Financial Services
4/09/2023 10:06:05 AM
Morning Market Quote : The economic data from the US confirms the soft landing narrative that has been driving equity markets globally Says Dr. V K Vijayakumar, Geojit Financial Services Below Quote On Morning Market 04 September 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services "The economic data from the US confirms the soft landing narrative that has been driving equity markets globally. August unemployment in the US has risen to 3.8% and there is a softening trend in average hourly wages. This data suggests that the Fed is likely to hold rates in the September meeting. This is a favourable indication for glob...
Morning Market Quote : The economic data from the US confirms the soft landing narrative that has been driving equity markets globally Says Dr. V K Vijayakumar, Geojit Financial Services
Morning Market Quote : The economic data from the US confirms the soft landing narrative that has been driving equity markets globally Says Dr. V K Vijayakumar, Geojit Financial Services
Source: Geojit Financial Services
4/09/2023 10:01:20 AM
Commodity Intraday Technical Outlook 04 September 2023 - Geojit Financial Services Gold LBMA Spot If the support of $1925 remain holds, expect upticks to continue the day. Else, choppy trading is on the cards. Silver LBMA Spot Further rallies are seen only a break above $25. If not, expect corrective selling pressure. Crude Oil NYMEX While prices stay above $85 would continue rallies. A direct dip below $82 would extend correction. Gold KG Oct Consistency above Rs 58500 is required to extend rallies. Else, a mild selloffs expected the day. Silver KG ...
Commodity Intraday Technical Outlook 04 September 2023 - Geojit Financial Services
Commodity Intraday Technical Outlook 04 September 2023 - Geojit Financial Services
Source: Geojit Financial Services Ltd
4/09/2023 9:21:09 AM
Quote on FPI : This figure includes bulk deals and investment through the primary market Says Dr. V K Vijayakumar, Geojit Financial Services. Below the Quote on FPI from Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.   "FPIs invested Rs 12262 crores in August. This figure includes bulk deals and investment through the primary market. In the cash market FPIs were sellers after three months of sustained buying. In August FPIs sold stocks for Rs 20620 crores in the cash market. Rising bond yields in the US and strong dollar index are negative for capital flows. This is the primary r...
Quote on FPI : This figure includes bulk deals and investment through the primary market Says Dr. V K Vijayakumar, Geojit Financial Services.
Quote on FPI : This figure includes bulk deals and investment through the primary market Says Dr. V K Vijayakumar, Geojit Financial Services.
Source: Geojit Financial Services Ltd
2/09/2023 3:40:25 PM
FPIs sold stocks for Rs 20,620 crore in August In the cash market, FPIs were sellers after three months of sustained buying. In August, FPIs sold stocks for Rs 20,620 crores in the cash market, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. FPIs invested Rs 12,262 crore in August. This figure includes bulk deals and investment through the primary market. Rising bond yields in the US and strong dollar index are negative for capital flows. This is the primary reason why FPIs have been sellers in the ca...
FPIs sold stocks for Rs 20,620 crore in August
FPIs sold stocks for Rs 20,620 crore in August
Source: IANS
2/09/2023 1:56:26 PM
Weekly market outlook : Investor sentiments were mostly cloudy due to mixed market trends on the global and domestic fronts Says Vinod Nair, Geojit Financial Services Below Quote on Weekly market outlook 02 Septmeber 2023 By Vinod Nair, Head of Research at Geojit Financial Services   "Investor sentiments were mostly cloudy due to mixed market trends on the global and domestic fronts. Concerns about the progress of US policy measures weighed on both domestic and global markets after the Fed Chair expressed his commitment to managing inflation within target bounds. Additionally, lacklustre economic data from Europe contributed ...
Weekly market outlook : Investor sentiments were mostly cloudy due to mixed market trends on the global and domestic fronts Says Vinod Nair, Geojit Financial Services
Weekly market outlook : Investor sentiments were mostly cloudy due to mixed market trends on the global and domestic fronts Says Vinod Nair, Geojit Financial Services
Source: Geojit Financial Services Ltd
2/09/2023 10:23:19 AM
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 1 September 2023 By Geojit Financial Bullion Gold Range bound moves with mild positive bias expected in the intraday. Sturdy gains above the 59600 may strengthen the prices. Dip below 59000 may induce weakness. Silver MACD Bullish divergence suggest with mild positive sentiments in the counter. Extended gains above 76500 may strengthen the prices further. Intraday weakness may be seen only below 75600 region.   ENERGY Crude Oil Extended gains above 7060 may strengthen the prices further. Howe...
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 1 September 2023 By Geojit Financial
Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 1 September 2023 By Geojit Financial
Source: Geojit Financial Services
1/09/2023 6:08:01 PM
Market Quote : Domestic markets made significant gains, buoyed by favourable global cues Says Mr. Vinod Nair, Geojit Financial Services Below Quote on Market 01September 2023 By Vinod Nair, Head of Research at Geojit Financial Services Domestic markets made significant gains, buoyed by favourable global cues, a higher-than-expected domestic manufacturing PMI, and positive GDP growth data. This robust economic outlook propelled key manufacturing sectors to lead the rally, while strong sales figures generated increased interest in auto stocks. The positive opening in global markets provided additional momentum for ...
Market Quote : Domestic markets made significant gains, buoyed by favourable global cues Says Mr. Vinod Nair, Geojit Financial Services
Market Quote : Domestic markets made significant gains, buoyed by favourable global cues Says Mr. Vinod Nair, Geojit Financial Services
Source: Geojit Financial Services
1/09/2023 4:39:00 PM
Buy Voltas Ltd For Target Rs. 991 - Geojit Financial Services Mixed results; outlook positive Voltas is India’s leading air conditioning and engineering services company. In Q1FY24, it derived ~75% of its revenue from the unitary cooling products (UCP) segment and 33% from electro-mechanical projects and services (EMPS). • Revenue surged 21.7% YoY to Rs. 3,335cr in Q1FY24, driven by growth in the UCP and EMPS segments. • EBITDA increased, while margin shrank 90bps YoY to 5.6% due to higher operating expenses. Adjusted PAT grew 1...
Buy Voltas Ltd For Target Rs. 991 - Geojit Financial Services
Buy Voltas Ltd For Target Rs. 991 - Geojit Financial Services
Source: Geojit Financial Services
1/09/2023 3:36:02 PM
Buy Kansai Nerolac Paints Ltd For Target Rs. 388 - Geojit Financial Services Ltd Margin recovery a key positive... Kansai Nerolac Paints Ltd. (KNPL) is the market leader in industrial paints and the third largest decorative paint company in India. • During the quarter, the top line grew by 5.1% YoY, led by high single digit volume growth in the decorative paint business. • Gross margin improved by 537bps YoY to 64.7% owing to moderation in raw material prices. While EBITDA margin improved by 294bps YoY to 15.4% in Q1FY24. • Within the industrial...
Buy Kansai Nerolac Paints Ltd For Target Rs. 388 - Geojit Financial Services Ltd
Buy Kansai Nerolac Paints Ltd For Target Rs. 388 - Geojit Financial Services Ltd
Source: Geojit Financial Services
1/09/2023 3:23:54 PM
Commodity Intraday Technical Outlook 01 September 2023 - Geojit Financial Services Gold LBMA Spot While above $1925 upticks would continue the day. Else, choppy trading is on the cards. Silver LBMA Spot Mild upticks expected while prices stay above $24.40. A direct drop below $23.80 is a sign of weakness. Crude Oil NYMEX As long as prices stay above $82 would continue rallies. Inability to consistent above the same corrective selling pressure is likely for the day. Gold KG Oct Upticks to continue while prices stay above Rs 58500. Consistent trades below...
Commodity Intraday Technical Outlook 01 September 2023 - Geojit Financial Services
Commodity Intraday Technical Outlook 01 September 2023 - Geojit Financial Services
Source: Geojit Financial Services Ltd
1/09/2023 10:31:59 AM
Agri Commodity Technical Report 01 September 2023 - Geojit Financial Services MARKET NEWS/UPDATES • Data from the Department of Agriculture and Farmers Welfare show that 105.4 million hectares of land have been planted with kharif crops so far in the 2023–24 (Jul–Jun) season, up from 105.0 million ha during the same time last year. The acreage of paddy, the key grain in the kharif season, was up 4% on year at 38.4 mln ha. Paddy sowing has picked up pace in the last few weeks, aided by rainfall across the country, especially in the east and northeast...
Agri Commodity Technical Report 01 September 2023 - Geojit Financial Services
Agri Commodity Technical Report 01 September 2023 - Geojit Financial Services
Source: Geojit Financial Services Ltd
1/09/2023 10:28:14 AM
Morning market quote : Headwinds stronger than tailwinds have pushed the Nifty down by 406 points in August Says Dr. V K Vijayakumar, Geojit Financial Services Below Quote On Morning Market 1 September 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services "Headwinds stronger than tailwinds have pushed the Nifty down by 406 points in August. Some headwinds like weakening monsoon and sluggish global growth are likely to weigh on markets. And now there is another headwind coming from the Brent crude rising to $87. FPI flows in the cash market turned negative in August after strong positive flows in...
Morning market quote : Headwinds stronger than tailwinds have pushed the Nifty down by 406 points in August Says Dr. V K Vijayakumar, Geojit Financial Services
Morning market quote : Headwinds stronger than tailwinds have pushed the Nifty down by 406 points in August Says Dr. V K Vijayakumar, Geojit Financial Services
Source: Geojit Financial Services
1/09/2023 10:02:23 AM
Morning Nifty and Derivative comments 1 September 2023 By Anand James, Geojit Financial Services Views On Morning Nifty and Derivative comments 1 September 2023 by Anand James - Chief Market Strategist at Geojit Financial Services Nifty outlook:  The recovery swing higher in the closing hour raises feeble hopes towards upsides, whose prospects will depend on ability to float above 19293. Alternatively, direct fall below 19265 will again rekindle fears of 18800 or 18300, but the prospects of an outright collapse look limited. Intermediate support is see...
Morning Nifty and Derivative comments 1 September 2023 By Anand James, Geojit Financial Services
Morning Nifty and Derivative comments 1 September 2023 By Anand James, Geojit Financial Services
Source: Geojit Financial Services
1/09/2023 9:58:55 AM
Market Quote : Global markets joined the trend as Eurozone inflation persisted at 5.3% as per preliminary estimates Says Mr. Vinod Nair, Geojit Financial Services Below Quote on Market 31 August 2023 By Vinod Nair, Head of Research at Geojit Financial Services "A slew of weak economic indicators from the US, including a softened GDP figure, have heightened the likelihood of a pause in the Fed’s rate tightening, resulting in a downward trajectory of bond yields. However, this development had a limited impact on domestic sentiment on the day of expiry, with the market experiencing declines ahead of the release of India&#...
Market Quote : Global markets joined the trend as Eurozone inflation persisted at 5.3% as per preliminary estimates Says Mr. Vinod Nair, Geojit Financial Services
Market Quote : Global markets joined the trend as Eurozone inflation persisted at 5.3% as per preliminary estimates Says Mr. Vinod Nair, Geojit Financial Services
Source: Geojit Financial Services Ltd
31/08/2023 5:17:44 PM
Poor monsoon becoming major worry for Indian markets The poor monsoon is becoming a major worry and unless the rains revive soon, the economy and markets will come under a cloud, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The declining bond yields in the US has turned the global market construct favourable for equities. But this is unlikely to create a highly favourable environment in the Indian market since the poor monsoon is becoming a major worry, he said. It is important to remember that the RBI&...
Poor monsoon becoming major worry for Indian markets
Poor monsoon becoming major worry for Indian markets
Source: Accord Fintech
31/08/2023 12:58:34 PM
Market Quote : Positive sentiment initially propelled domestic equities Says Mr. Vinod Nair, Geojit Financial Services Below Quote on Market 30 August 2023 By Vinod Nair, Head of Research at Geojit Financial Services "Positive sentiment initially propelled domestic equities, buoyed by softer US labour market data that caused a retreat in US bond yields, alleviating concerns about rate hikes. This positive outlook was reinforced by Chinese banks' move to reduce existing mortgage rates, favourably impacting Indian metal stocks. However, gains were tempered as the day progressed, ...
Market Quote : Positive sentiment initially propelled domestic equities Says Mr. Vinod Nair, Geojit Financial Services
Market Quote : Positive sentiment initially propelled domestic equities Says Mr. Vinod Nair, Geojit Financial Services
Source: Geojit Financial Services
30/08/2023 5:35:20 PM
Indian markets underperforming US markets this year   An important feature of the market performance this year is India’s underperformance relative to the US, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. While S&P 500 is up 17.6 per cent YTD, Nifty is up only 6.3 per cent YTD. Relatively high valuations in India are constraining a strong rally, he said. Of late, the poor monsoon this year, till now, is also emerging as a major worry, he added. In the near-term market may remain ste...
Indian markets underperforming US markets this year
Indian markets underperforming US markets this year
Source: IANS
30/08/2023 12:54:45 PM
Quote on Regulations announced by SEBI on influencers on stock manipulation from Dr. V K Vijayakumar, Geojit Financial Services Below the quote on Regulations announced by SEBI on influencers on stock manipulation from Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. "The tripling of demat accounts from 40 million in 2020 to 120 million in 2023 with 2 million being added every month has created an unprecedented opportunity for finfluencers to exploit these newbies who are flocking to the market. The new investors need to be properly educated and handheld. Instead many fi...
Quote on Regulations announced by SEBI on influencers on stock manipulation from Dr. V K Vijayakumar, Geojit Financial Services
Quote on Regulations announced by SEBI on influencers on stock manipulation from Dr. V K Vijayakumar, Geojit Financial Services
Source: Geojit Financial Services
30/08/2023 11:03:18 AM
Morning market quote : Relatively high valuations in India are constraining a strong rally Says Dr. V K Vijayakumar, Geojit Financial Services Below Quote On Morning Market 30 August 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services "An important feature of the market performance this year is India’s underperformance relative to the US. While S&P 500 is up 17.6% YTD, Nifty is up only 6.3% YTD. Relatively high valuations in India are constraining a strong rally. Of late, the poor monsoon this year, till now, is also emerging as a major worry. In the near-term marke...
Morning market quote : Relatively high valuations in India are constraining a strong rally Says Dr. V K Vijayakumar, Geojit Financial Services
Morning market quote : Relatively high valuations in India are constraining a strong rally Says Dr. V K Vijayakumar, Geojit Financial Services
Source: Geojit Financial Services
30/08/2023 10:31:34 AM