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Perspective Note on Market 10 May 2023 By Mr. S Hariharan, Emkay Global Financial Services Below is the Perspective Note on Market 10 May 2023 By Mr. S Hariharan, Head- Sales Trading, Emkay Global Financial Services “Indian markets have disconnected from other markets in the region to erase the entire under-performance for YTD CY23 – this has been led by a meaningful jump in FII buying in both cash and futures segments. Earnings reported so far have been largely in line with estimates with a few positive surprises in the Financials sector off...
Perspective Note on Market 10 May 2023 By Mr. S Hariharan, Emkay Global Financial Services
Perspective Note on Market 10 May 2023 By Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd.
10/05/2023 4:30:19 PM
Market Quote :The external liquidity environment is turning adverse Says Mr. S Hariharan, Emkay Global Financial Services Below is quote on Market by Mr. S Hariharan, Head - Sales Trading, Emkay Global Financial Services   “The external liquidity environment is turning adverse, as seen in terms of rising volatility in US bond markets. This is partly influenced by concerns of an early debt ceiling showdown in US Congress and partly by expectations of a further rate hike from Fed in May. Domestically, strong numbers from the few large caps that have reported results have failed to produc...
Market Quote :The external liquidity environment is turning adverse Says Mr. S Hariharan, Emkay Global Financial Services
Market Quote :The external liquidity environment is turning adverse Says Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
26/04/2023 5:03:12 PM
The month of January has seen very tepid market volumes Says Mr. S Hariharan, Emkay Global Financial Services Below Perspective on markets by Mr. S Hariharan, Head Institutional Equity Sales, Emkay Global Financial Services “The month of January has seen very tepid market volumes – daily cash market volumes of Rs 47,000 crores, compared to Rs 56,000 crores in Oct-Dec quarter. This is despite strong institutional participation, which is up to an average of 27% of daily market volumes compared to 22% in Oct-Dec quarter. This points to lackluster sentiment from domestic retail partic...
The month of January has seen very tepid market volumes Says Mr. S Hariharan, Emkay Global Financial Services
The month of January has seen very tepid market volumes Says Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
25/01/2023 6:33:43 PM
FIIs have been net sellers worth $2.5 bn in January so far Says Mr. S Hariharan, Emkay Global Financial Services Below Perspective on markets by Mr. S Hariharan, Head Institutional Equity Sales, Emkay Global Financial Services “The earnings season thus far has met or beat expectations – however, individual stocks reporting results have not reacted favourably to good results. This reflects a consensus state of positioning and points to a period of digesting gains at the headline index level. The other notable feature of market action over the first half of Jan has been muted market vo...
FIIs have been net sellers worth $2.5 bn in January so far Says Mr. S Hariharan, Emkay Global Financial Services
FIIs have been net sellers worth $2.5 bn in January so far Says Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
18/01/2023 5:09:05 PM
Perspective on market By Mr. S Hariharan, Emkay Global Financial Services Below is perspective on market By Mr. S Hariharan, Head Sales Trading, Emkay Global Financial Services    “Consensus long positioning in Financials names ahead of potentially strong 3Q earnings season is evident from tepid reactions to reasonably strong business updates from all financial institutions which have reported preliminary business updates until now. As a result, the bar for upside surprises in earnings reports is likely to be higher. With m...
Perspective on market By Mr. S Hariharan, Emkay Global Financial Services
Perspective on market By Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
4/01/2023 4:24:43 PM
Perspective on markets by Mr. S Hariharan, Emkay Global Financial Services Below Perspective on markets by Mr. S Hariharan, Head Institutional Equity Sales, Emkay Global Financial Services “Domestic institutions have been strong buyers in the market over the last week, as 2QFY23 results have come in line or stronger than expected, thus far. 5 out of 6 Nifty companies and 12 out of 20 BSE200 companies which have reported thus far have surprised positively. With a quarter of relatively softer commodity prices, we expect the earnings season to be relative...
Perspective on markets by Mr. S Hariharan, Emkay Global Financial Services
Perspective on markets by Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
19/10/2022 5:03:28 PM
Market commentary by Mr. S Hariharan, Emkay Global Financial Services Below is quote on Market by Mr. S Hariharan, Head - Sales Trading, Emkay Global Financial Services FII flows into India have turned negative for the last few sessions, after a positive start in Oct. As a result, despite expectations of a strong earnings season, the broader market has been moving sideways, with DII inflows offsetting FII selling. Fears of potential earnings downgrades for IT stocks have not materialized thus far, while Banks are expected to report strong earnings ...
Market commentary by Mr. S Hariharan, Emkay Global Financial Services
Market commentary by Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
15/10/2022 10:25:43 AM
Perspective on market By Mr. S Hariharan, Emkay Global Financial Services Below is perspective on market By Mr. S Hariharan, Head Sales Trading, Emkay Global Financial Services on the market “With the ongoing spike in natural gas prices in Europe, there is increasing recognition of a synchronized recession in EU, US and China in the rest of CY22 – as a result, currency market volatility has been dictating the macro flow picture for equities too. FPI flows were constructive till last week but have now started turning negative and a...
Perspective on market By Mr. S Hariharan, Emkay Global Financial Services
Perspective on market By Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
24/08/2022 4:40:19 PM
Perspective on market By Mr. S Hariharan, Emkay Global Financial Services Below is perspective on market By Mr. S Hariharan, Head Sales Trading, Emkay Global Financial Services on the market “Banks have been a significant out-performer in the rebound in markets over the last week – the price ratio of Banknifty / Nifty is on the verge of breaking out from a 2-1/2 year downtrend, suggesting a major structural trend change in the market. In the very near-term, a rebound in crude oil prices poses a risk to the current account deficit ...
Perspective on market By Mr. S Hariharan, Emkay Global Financial Services
Perspective on market By Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
1/06/2022 3:46:15 PM
Market Quote 27 April 2021 By Mr. S Hariharan, Emkay Global Financial Services Below is the market quote 27 April 2021 By Mr. S Hariharan, Head- Sales Trading, Emkay Global Financial Services “The impact of high commodity prices have started showing up in CPI inflation prints and forced RBI’s hand to reduce accommodation and open up a path for higher rates starting from Jun. Tighter financial conditions are unfavourable for valuations of mid & small caps and the outlook favours defensive posturing for portfolios. IT stocks have been see...
Market Quote 27 April 2021 By Mr. S Hariharan, Emkay Global Financial Services
Market Quote 27 April 2021 By Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
27/04/2022 5:39:46 PM
Market Quote 13 April 2021 By Mr. S Hariharan, Emkay Global Financial Services Below is the market quote 13 April 2021 By Mr. S Hariharan, Head- Sales Trading, Emkay Global Financial Services “The impact of high commodity prices have started showing up in CPI inflation prints and forced RBI’s hand to reduce accommodation and open up a path for higher rates starting from Jun. Tighter financial conditions are unfavourable for valuations of mid & small caps and the outlook favours defensive posturing for portfolios. IT stocks have been see...
Market Quote 13 April 2021 By Mr. S Hariharan, Emkay Global Financial Services
Market Quote 13 April 2021 By Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
13/04/2022 3:44:12 PM
Market Quote 24 November 2021 By Mr. S Hariharan, Emkay Global Financial Services Below is the market quote 24 November 2021 By Mr. S Hariharan, Head- Sales Trading, Emkay Global Financial Services “Overhang from a number of new listings and pipeline of offerings in the coming few weeks has led to broad market weakness in the last 1 week. Banking names are consensus overweight for domestic & foreign institutions and net sell flow has caused these to under-perform the market. As net long positioning in the market has tilted significantly towards ...
Market Quote 24 November 2021 By Mr. S Hariharan, Emkay Global Financial Services
Market Quote 24 November 2021 By Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
24/11/2021 4:55:48 PM
Market Quote 10 November 2021 By Mr. S Hariharan, Emkay Global Financial Services Below is the market quote 10 November 2021 By Mr. S Hariharan, Head- Sales Trading, Emkay Global Financial Services “Market sentiment has been somewhat weaker with respect to institutional flows over the last week – FIIs have been net sellers worth Rs 4000 crs in cash segment and Rs 2500 crs in stock future sin Nov so far. Retail long leverage through stock futs continues to be very strong – net long open interest is up to $14 bn, which is a life high. Exub...
Market Quote 10 November 2021 By Mr. S Hariharan, Emkay Global Financial Services
Market Quote 10 November 2021 By Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
10/11/2021 4:34:50 PM
Market Quote 20 October 2021 By Mr. S Hariharan, Emkay Global Financial Services Below is the market quote 20 October 2021 By Mr. S Hariharan, Head- Sales Trading, Emkay Global Financial Services India is set to cross the 1 bn mark in total vaccinations in the coming week – coming as this does ahead of the festive season, there is a high degree of optimism in a pick up in credit growth and is reflected in continuing outperformance of financials over other large caps. Mid & Small cap breadth has been weak for the last 2 sessions – how...
Market Quote 20 October 2021 By Mr. S Hariharan, Emkay Global Financial Services
Market Quote 20 October 2021 By Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
20/10/2021 5:03:06 PM
Quote on Market by Mr. S Hariharan, Emkay Global Financial Services Below is quote on Market by Mr. S Hariharan, Head - Sales Trading, Emkay Global Financial Services “There are a number of developed market central bank meetings scheduled this week, which would provide greater insight into plans for tapering of asset purchases, which in turn would have implications for currency markets as well as risk assets. As a result, we have seen a trend of increase in long stock futures positioning by FIIs start to come down over the last 3 sessions. ...
Quote on Market by Mr. S Hariharan, Emkay Global Financial Services
Quote on Market by Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
8/09/2021 4:09:40 PM
Quote on Market by Mr. S Hariharan, Emkay Global Financial Services Below is quote on Market by Mr. S Hariharan, Head - Sales Trading, Emkay Global Financial Services “In conjunction with sharp appreciation in INR (USD dropped from 74.3 to 72.8) over the last 3 sessions, FII flows into equities have also picked up pace. This is in some part attributable to inflows at MSCI rebalance on 31 Aug. Alongside these flows, FIIs have also been increasing net long positions in single stock futures for the entire month of Aug – an increase of ne...
Quote on Market by Mr. S Hariharan, Emkay Global Financial Services
Quote on Market by Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
1/09/2021 5:01:45 PM
Quote on Market by Mr. S Hariharan, Emkay Global Financial Services Below is quote on Market by Mr. S Hariharan, Head - Sales Trading, Emkay Global Financial Services “As with the last few weeks, market breadth has continued to be subdued with large-caps meaningfully outperforming mid & small-caps. While Retail segment long positioning has been coming down, FII net long positioning in single stock futures has gone up to nearly 8 month highs. Narrow market breadth has tended in past instances to lead to pull-backs – however, extrem...
Quote on Market by Mr. S Hariharan, Emkay Global Financial Services
Quote on Market by Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
25/08/2021 5:02:04 PM
Quote on Market by Mr. S Hariharan, Emkay Global Financial Services Below is quote on Market by Mr. S Hariharan, Head - Sales Trading, Emkay Global Financial Services “Though gross market volumes have been relatively weak compared to the trend in July, large-caps have seen stronger flows than mid-caps. In fact, aggregate advance-decline ratio on NSE has been adverse throughout the last week, with mid-cap & small-cap indices under-performing Nifty by 100 bps & 200 bps respectively over this period. This has also coincided with Retail...
Quote on Market by Mr. S Hariharan, Emkay Global Financial Services
Quote on Market by Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
18/08/2021 4:24:14 PM
Quote on Market by Mr. S Hariharan, Emkay Global Financial Services Below is quote on Market by Mr. S Hariharan, Head - Sales Trading, Emkay Global Financial Services “After a 6-month period of consistent out-performance by mid & small-caps over large-caps, this week has seen a correction in the trend, with a sharp deterioration in market breadth. Both mid-cap & small-cap indices are down 5-7% over the last 3 sessions. Alongside this trend, Retail net longs in single stock futures have also come down by nearly 6% ($750 mn) since the...
Quote on Market by Mr. S Hariharan, Emkay Global Financial Services
Quote on Market by Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
11/08/2021 4:20:09 PM
The market has continued to increase over the last fortnight to a lifetime high By Mr. S Hariharan, Emkay Global Financial Services Below are Views On the market has continued to increase over the last fortnight to a lifetime high By Mr. S Hariharan, Head - Sales Trading, Emkay Global Financial Services “Retail long positioning in the market has continued to increase over the last fortnight to a lifetime high, while rich futures basis also points to elevated degree of leverage. On the other hand, the recent rally has been broad-based with Mid-cap & Small-cap indices making fresh highs ahead of Nifty...
The market has continued to increase over the last fortnight to a lifetime high By Mr. S Hariharan, Emkay Global Financial Services
The market has continued to increase over the last fortnight to a lifetime high By Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2/06/2021 4:54:11 PM
There has been a trend of weakening institutional participation in markets By Mr. S Hariharan, Emkay Global Financial Services Below are Views On There has been a trend of weakening institutional participation in markets By Mr. S Hariharan, Head - Sales Trading, Emkay Global Financial Services There has been a trend of weakening institutional participation in markets, coinciding with a lack of trend in overall indices. Volatility in global bond and commodities markets have induced uncertainty factors that do not appear to be fully reflecting in equities. Going forward, IT sector can be expected to be an out-perfor...
There has been a trend of weakening institutional participation in markets By Mr. S Hariharan, Emkay Global Financial Services
There has been a trend of weakening institutional participation in markets By Mr. S Hariharan, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
10/03/2021 4:51:47 PM