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Indian stock market remains on consolidation path, DIIs absorb heavy selling The week saw Donald Trump returning to power in the US election amid a second consecutive rate cut by Fed this year, as the Indian stock market continued to experience consolidation due to heightened selling pressure from foreign institutional investors (FIIs).  This broad-based correction is particularly evident in sectors with excessive valuations, according to experts. However, despite the massive FII selling, the stock market is resilient since the valuations are fair and every...
Indian stock market remains on consolidation path, DIIs absorb heavy selling
Indian stock market remains on consolidation path, DIIs absorb heavy selling
Source: IANS
2024-11-09 10:26:41 am
Sensex trades lower on weak global cues Indian equity indices opened in the red on Monday following weak global cues from asian peers.  At 9:45 a.m., Sensex was at 80,501, down 89 points or 0.11 per cent and Nifty was down 26 points or 0.12 per cent, at 24,504. Buying is seen in the smallcap and midcap stocks. The Nifty smallcap 100 index is up 62 points or 0.34 per cent at 18,460 and the Nifty midcap 100 index is 124 points or 0.22 per cent at 56,032. UltraTech Cement, Infosys, NTPC, Nestle, Power Grid, HDFC Bank, Po...
Sensex trades lower on weak global cues
Sensex trades lower on weak global cues
Source: IANS
2024-07-22 11:18:01 am
Sensex gains more than 300 points BSE Sensex gained more than 300 points on Monday as geopolitical tensions eased and crude oil prices declined. BSE Sensex was trading at 73,446 points, up by 357 points. Wipro and Ultratech Cement are up more than 2 per cent in trade. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said the biggest positive for the market in the near term is that the feared escalation in the Israel-Iran tension is unlikely to happen. The decline in Brent crude from $90 to $87 is...
Sensex gains more than 300 points
Sensex gains more than 300 points
Source: IANS
2024-04-22 11:41:14 am
Sensex gains 42 points, but analysts predict market uncertainty ahead over tension in Middle East The BSE Sensex is up 42 points and trading at 72,986 points on Thursday. However, tensions in the Middle East and a hawkish stance by the US Fed are likely to weigh on the stock markets, say analysts. Powergrid is the top gainer, up by more than 3 per cent. Tata Steel, M&M are up more than 1 per cent. V. K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services said the Iran-Israel tension in West Asia continues to weigh on stock markets globally. Until this uncertainty...
Sensex gains 42 points, but analysts predict market uncertainty ahead over tension in Middle East
Sensex gains 42 points, but analysts predict market uncertainty ahead over tension in Middle East
Source: IANS
2024-04-18 12:11:00 pm
Robust economic growth will keep market resilient, say analysts Robust economic growth, decent corporate earnings, macroeconomic stability, expectations of political stability after elections, sustained capital flows, and retail investor enthusiasm will keep the market resilient despite rich valuations, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. A recent healthy trend in the market is the outperformance of the fundamentally strong large caps over the mid and small caps. This trend is making the market healthier and, t...
Robust economic growth will keep market resilient, say analysts
Robust economic growth will keep market resilient, say analysts
Source: IANS
2024-04-10 11:54:56 am
Nifty gains for third consecutive week On the weekly charts, Nifty rose 0.84 per cent, up for the third consecutive week, said Deepak Jasani, Head of Retail Research, HDFC Securities. Nifty formed a high wave formation on weekly charts, suggesting volatile times ahead. A breach of this week’s low of 22304 could denote a change in trend to down. Nifty could remain in the 22453-22619 band over the near term, he said. Nifty recovered from early morning weakness and closed flat on Friday. At close, the Nifty was down 0.9 p...
Nifty gains for third consecutive week
Nifty gains for third consecutive week
Source: IANS
2024-04-05 05:54:25 pm
`Rising crude oil prices pose headwinds for Indian markets` The Middle East skirmishes have pushed up Brent crude to $91 and if oil continues to rise that can pose macro headwinds for India, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. Headwinds which have the potential to impact equity markets have emerged. One is geopolitical: the Iran-Israel skirmishes. The second is the concern that the rate cut expected from the Fed can be lower than three and that the first cut may come only in October. The US jobs data to be ...
`Rising crude oil prices pose headwinds for Indian markets`
`Rising crude oil prices pose headwinds for Indian markets`
Source: IANS
2024-04-05 11:38:18 am
Next major trigger for markets will be Q4 results Q4 results will be the next major trigger for the market from a sectoral and stock-specific perspective, said V. K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. Global and domestic cues indicate that the market is likely to consolidate in the coming days and start responding to Q4 results as they start coming. Market expects good results from autos, capital goods, telecom and select pharmaceuticals. Financials, too, will report good results despite some NIM compress...
Next major trigger for markets will be Q4 results
Next major trigger for markets will be Q4 results
Source: IANS
2024-04-04 12:05:37 pm
FPIs may continue to sell in India due to rising bond yields in US The rising bond yields in the US are impacting equity markets, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The rate cut from the Fed expected in July is fading now since the labour market continues to be tight and the rising crude (Brent at $89) is feared to add to inflation further constraining the ability of the Fed to cut. Even though the Fed chief has been sounding dovish recently, the market is now less optimistic about 3 rate cuts in 2024. This will ...
FPIs may continue to sell in India due to rising bond yields in US
FPIs may continue to sell in India due to rising bond yields in US
Source: IANS
2024-04-03 01:58:31 pm
Private sector banks lead Sensex lower BSE Sensex is trading at 73,857 points, down by 157 points. Private sector banks are down in trade with ICICI Bank down more than 1 per cent, Kotak Mahindra is also down almost 1 per cent. Since the global construct is slightly negative as evidenced by the rising dollar and rising US bond yields, the FPIs may be tempted to sell, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. FPI selling is not having any major impact on the market since DIIs, HNIs and r...
Private sector banks lead Sensex lower
Private sector banks lead Sensex lower
Source: IANS
2024-04-02 12:40:35 pm
Sensex gains more than 500 points amid bullish undertone  Market is likely to continue in the consolidation mode for a couple of days more and then take a new directional trend starting April, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The undertone of the market continues to be bullish supported by strong economic fundamentals A significant structural trend in the market is the sustained flows into equity mutual funds which are gathering momentum. This will ensure resilience of the market with dips get...
Sensex gains more than 500 points amid bullish undertone
Sensex gains more than 500 points amid bullish undertone
Source: IANS
2024-03-27 12:07:38 pm
Market likely to consolidate amid lack of triggers  BSE Sensex is down more than 200 points in Tuesday morning trade amid consolidation moves. Sensex is trading at 72,558.11 points, down 273.83 points. Powergrid, Tech Mahindra, Maruti are down more than 1 per cent. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said the market is likely to consolidate this week in the absence of any known triggers for sharp up or down moves. Since the week is a truncated week of three trading days, volumes have dipped marke...
Market likely to consolidate amid lack of triggers
Market likely to consolidate amid lack of triggers
Source: IANS
2024-03-26 12:15:21 pm
Sensex up more than 700 points The BSE Sensex on Thursday climbed 743.95 points or 1.03 per cent to 72,845.64 in early trade. NTPC, IndusInd Bank are top gainers - up by 3 per cent. The uncertainty regarding the Fed decision is over with the Fed keeping the rates unchanged and refraining from a hawkish message, says V. K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The Fed chief's statement that "inflation has eased substantially while the labour market has remained strong" c...
Sensex up more than 700 points
Sensex up more than 700 points
Source: IANS
2024-03-21 11:47:34 am
Oil and gas shares gain as crude oil surges to 5 month high Siddhartha Khemka, Head Retail Research, Motilal Oswal Financial Services on Wednesday said that the markets are expected to remain in consolidation mode and will keenly track the US Fed commentary which would provide direction on its future rate action. He said that Nifty traded in a range and closed with marginal gains of 22 points at 21839 levels. “The broader market ended flat, while sector-wise it was a mixed bag. Oil & Gas, Realty, and FMCG were major gainers. Oil & ...
Oil and gas shares gain as crude oil surges to 5 month high
Oil and gas shares gain as crude oil surges to 5 month high
Source: IANS
2024-03-21 09:14:19 am
Nifty correcting despite big buying by institutional investors Trends are emerging in the market decline on Tuesday as the Nifty corrected by more than 1 per cent even when institutions were big buyers, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. DII buying was Rs 7449 crore and FII buying was Rs 1421 crore. TCS bulk sales by Tata Sons cloud this institutional activity. The important point is that there has been profit booking by HNIs and retail investors which pulled the market down. SEBI’s warning about elevat...
Nifty correcting despite big buying by institutional investors
Nifty correcting despite big buying by institutional investors
Source: IANS
2024-03-20 11:51:03 am
Nifty snaps four-week gaining streak The Nifty snapped a four-week gaining streak on Friday, as it fell 2.1 per cent for the week and formed a bearish engulfing pattern on the weekly charts, said Deepak Jasani, Head of Retail Research, HDFC Securities. The Nifty fell on Friday, pulling back after a rally in the previous session. While the Nifty closed the day at 22,023.35, down 123 points, or 0.56 per cent, the Sensex ended with a loss of 454 points, or 0.62 per cent, at 72,643.43. “The Nifty has been facing selling ...
Nifty snaps four-week gaining streak
Nifty snaps four-week gaining streak
Source: IANS
2024-03-15 05:59:45 pm
Sensex slips more than 500 points BSE Sensex is trading at 72,576.14 points, down by 521.14 points on Friday. HPCL was down by 7 per cent, NTPC more than 3 per cent, M&M, Tata Motors more than 2 per cent and IOC, BPCL more than 6 per cent. "The rebound in the market on Thursday after the Wednesday crash is unlikely to sustain. Brent crude rising to $85 and the 10-year US bond yield spiking to 4.29 per cent are headwinds for the market," said V. K. Vijayakumar, Chief Investment Strategist, Geojit Financial ...
Sensex slips more than 500 points
Sensex slips more than 500 points
Source: IANS
2024-03-15 12:07:05 pm
Small cap index down 10 pc from the peak after SEBI red flags  Small and mid cap stocks are coming under intense selling pressure with the regulator raising red flags. The small cap index is down more than 3 per cent on Wednesday. The mid cap index is down more than 2 per cent. The SME IPO index is down more than 4 per cent. Other pockets of the market are also very weak with the PSU index down more than 4 per cent. Market breadth is extremely negative with 83 per cent of the listed stocks declining. More than 700 stocks have hit the lower...
Small cap index down 10 pc from the peak after SEBI red flags
Small cap index down 10 pc from the peak after SEBI red flags
Source: IANS
2024-03-13 12:01:24 pm
Market breadth worst since October last year The market breadth turned negative on Tuesday as the advance-decline ratio fell to 0.16:1, the worst since October 23, 2023, said Deepak Jasani, Head of Retail Research at HDFC Securities. Nifty ended flat after a volatile session on Tuesday. At close, Nifty was up 0.01 per cent, or 3.1 points, at 22,335.7, while the Sensex was up 165.32 points, or 0.22 per cent, at 73,667.96. Cash market volumes on the NSE were flat at just below Rs 1 lakh crore, Jasani said. The broad market indice...
Market breadth worst since October last year
Market breadth worst since October last year
Source: IANS
2024-03-12 05:37:04 pm
Small cap stocks down 7.8 pc from the peak  Small cap stocks continue to sink on regulator warnings about froth building up. BSE Small Cap index is down almost 2 per cent on Tuesday even as the benchmark Sensex is up 0.31 per cent. There can be redemptions from small cap funds adding to the downside, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The regulator SEBI has sent a clear message about the frothy valuations in the small cap segment and, therefore, regulatory actions are likely, go...
Small cap stocks down 7.8 pc from the peak
Small cap stocks down 7.8 pc from the peak
Source: IANS
2024-03-12 12:03:05 pm
High valuations of market can constrain further rally, say analysts  While the market is steady, the small cap index is showing some strain with a cut of 0.5 per cent on Monday, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. Perhaps there is some selling happening in small caps in response to the SEBI advisory to mutual funds flagging concerns of excessive valuations, weakness in the small cap segment is likely to continue, he said. The Chinese National People’s Congress which has begun will be keenly watched by...
High valuations of market can constrain further rally, say analysts
High valuations of market can constrain further rally, say analysts
Source: IANS
2024-03-05 12:14:22 pm
More mid and small cap funds likely to impose restrictions on lump sum investments More mid and small cap funds are likely to impose restrictions on lump sum investments into the mid and small cap schemes, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. A significant development is the communication from SEBI to AMFI suggesting that mutual funds set up a framework for protecting investors in mid and small cap funds. Sustained flows of retail money into these funds have made their valuations excessive and difficult to sustain, he said. Thi...
More mid and small cap funds likely to impose restrictions on lump sum investments
More mid and small cap funds likely to impose restrictions on lump sum investments
Source: IANS
2024-02-29 12:40:45 pm
Sensex down more than 500 points Market was likely to be in a range-bound zone in the near term, said V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. "FIIs have sharply reduced their selling this month and have turned buyers to the tune of Rs 872 crore in the cash market, so far in February, despite the high US bond yields. This indicates that FIIs are unlikely to press big selling pulling the market sharply down, because of this favourable market construct, dips are getting bought, aided by...
Sensex down more than 500 points
Sensex down more than 500 points
Source: IANS
2024-02-28 11:31:33 am
Nifty snaps two-day decline in choppy trading session  Nifty rebounded on Tuesday, snapping a two-day decline in a choppy trading session, said Deepak Jasani, Head of Retail Research at HDFC Securities. While the Nifty50 settled 0.34 per cent, or 76.3 points, higher at 22,198.35 on Tuesday, the BSE Sensex added 0.42 per cent, or 305.09 points, to close at 73,095.22. The broad market indices ended marginally in the negative as the activity levels were concentrated in large and larger midcaps, Jasani said. Meanwhile, foreign portfoli...
Nifty snaps two-day decline in choppy trading session
Nifty snaps two-day decline in choppy trading session
Source: IANS
2024-02-27 06:07:31 pm
Red flags going up on excessive valuations of small cap stocks There are indications of exhaustion in the market rally, particularly in the broader market, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. Higher valuations are constraining the bulls and there are no major positive triggers in the near-term that can sustain the rally beyond a point, he said. Expectations of backloading of the rate cuts from the Fed and the consensus lowering of the number of rate cuts this year also are likely to restrain the rally in th...
Red flags going up on excessive valuations of small cap stocks
Red flags going up on excessive valuations of small cap stocks
Source: IANS
2024-02-27 12:06:45 pm
Sustained buying by domestic funds eclipsed FII selling Sustained buying by DIIs at Rs 21700 crore in February so far supported by HNIs and retail investors has completely eclipsed the FII selling, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. FIIs have lost in this tug of war with DIIs since the market has been scaling new highs despite FII selling, he said. The global market construct continues to be favourable. With S&P 500 setting newer records, the mother market US has turned very resilient, he said. ...
Sustained buying by domestic funds eclipsed FII selling
Sustained buying by domestic funds eclipsed FII selling
Source: IANS
2024-02-26 11:49:16 am
Global rally in equities showing no signs of exhaustion Global bull run in equities led by the US market is showing no signs of exhaustion, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. In the US, the rally is being led by the tech stocks. Nvidia's excellent results have sparked a rally in all AI related tech stocks. This is having its repercussions in the tech stocks in India, too, he said. "The steady climb of the Nifty setting records after records is an indication that the buy on dips strategy is ...
Global rally in equities showing no signs of exhaustion
Global rally in equities showing no signs of exhaustion
Source: IANS
2024-02-23 11:32:31 am
Nifty touches fresh record high on strong global cues In a volatile session, Nifty ended in the green on Thursday, touching a fresh record high helped by positive global cues, said Deepak Jasani, Head Retail Research at HDFC Securities. At close on Thursday, Nifty was up 162.40 points, or 0.74 per cent, at 22,217.45, while Sensex climbed 535.15 points or 0.74 per cent to reach 73,158.24. Cash market volumes on the NSE were a bit lower than the previous session, but still closed at Rs 1.02 lakh crore. The Midcap index rose more than the Nif...
Nifty touches fresh record high on strong global cues
Nifty touches fresh record high on strong global cues
Source: IANS
2024-02-22 05:20:58 pm
Sensex down more than 300 points BSE Sensex is down more than 300 points in morning trade on Thursday. Sensex was trading at 72,236.94 points, down 386.15 points. Bharti Airtel, Titan are among the top Sensex laggards down 2 per cent. Deepak Jasani, Head of Retail Research at HDFC Securities said global brokerage Jefferies said India will be the third largest economy by 2027 thanks to a consistent GDP growth rate, supportive geopolitics, surging market cap, continued reforms, and strong corporate culture. The Union ...
Sensex down more than 300 points
Sensex down more than 300 points
Source: IANS
2024-02-22 12:08:34 pm
Nifty hits fresh record high, up for sixth straight session Nifty extended its gains for the sixth consecutive session on Tuesday, once again touching a fresh record high in the last hour of trade, said Deepak Jasani, Head of Retail Research at HDFC Securities. At close, Nifty was up 74.70 points or 0.34 per cent at 22,197.00, while Sensex was up 349.24 points or 0.48 per cent at 73,057.40. Cash market volumes on the NSE fell to Rs 0.93 lakh crore. The broad market indices ended marginally in the negative even as the advance decline ratio fell to 0...
Nifty hits fresh record high, up for sixth straight session
Nifty hits fresh record high, up for sixth straight session
Source: IANS
2024-02-20 05:08:46 pm
Nifty hit six new record highs this year indicating India`s bull market  This year alone, Nifty has set six new record highs during intraday trade and this is indicative of the strong momentum in the market, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. An important characteristic of the bull market is its ability to set new successive record highs and this market has been doing this consistently, he said. Selling by FIIs, triggered by rising bond yields in the US, is having no impact on this up trending market where DII...
Nifty hit six new record highs this year indicating India`s bull market
Nifty hit six new record highs this year indicating India`s bull market
Source: IANS
2024-02-20 12:04:10 pm
Nifty closes at all-time high, up for fifth straight session Nifty ended higher for the fifth straight session on Monday after hitting an all-time high on the intra-day charts, said Deepak Jasani, Head of Retail Research at HDFC Securities. At close, Nifty was up 0.37 per cent or 81.6 points at 22,122.25, its all-time high. Cash market volumes on the NSE fell to Rs 0.95 lakh crore, lowest since January 20, 2024, he said. The smallcap index rose more than the Nifty even as the advance decline ratio remained high at 1.55:1. Trading activity was con...
Nifty closes at all-time high, up for fifth straight session
Nifty closes at all-time high, up for fifth straight session
Source: IANS
2024-02-19 05:27:59 pm
FII selling countered by domestic funds The market has been range bound in recent days due to bouts of selling and buying, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. During the last two days, FIIs sold equity worth Rs 6,993 crore in the cash market while DIIs bought equity worth Rs 5,173 crore. The trend of FII selling is likely to continue since the 10-year US bond yield is high at 4.24 per cent. The trend of DII buying too is likely to continue since the flows into the DIIs continue to be ro...
FII selling countered by domestic funds
FII selling countered by domestic funds
Source: IANS
2024-02-16 11:49:00 am
Heavy selling by FIIs neutralised by domestic funds buying A significant feature of a bull market is its ability to bounce back from a steep fall. This was evident on February 14 when Nifty bounced back by around 300 points from the lows, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The heavy selling by FIIs, which was expected in response to the spike in US bond yields, didn’t impact the market since it was neutralised by DII and individual investor buying, he said. A significant feature of the market no...
Heavy selling by FIIs neutralised by domestic funds buying
Heavy selling by FIIs neutralised by domestic funds buying
Source: IANS
2024-02-15 11:54:21 am
FII selling in Indian markets could intensify after hotter than expected US inflation numbers  A major catalyst driving the rally in global equity markets has been on the expectations of a rate cut by the Fed, says V.K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The Fed had indicated possibly three rate cuts in 2024 and markets had discounted up to five rate cuts. This was on expectations that inflation in the US will continue to trend down. This expectation has received a jolt from the US CPI inflation numbers rising year on year to 3.1 per cent ag...
FII selling in Indian markets could intensify after hotter than expected US inflation numbers
FII selling in Indian markets could intensify after hotter than expected US inflation numbers
Source: IANS
2024-02-14 11:25:43 am
Sensex up more than 300 points led by Wipro, TCS  BSE Sensex is up more than 300 points in Tuesday morning trade led by heavyweight IT stocks, Wipro and TCS. Sensex is trading at 72,080.89 points up by 349.47 points on Tuesday led by gains in heavyweight IT stocks. Wipro is up three per cent, TCS is up three per cent. The near-term market trend indicates exhaustion and there are no clear positive triggers that can take the market to sustained new highs immediately, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financ...
Sensex up more than 300 points led by Wipro, TCS
Sensex up more than 300 points led by Wipro, TCS
Source: IANS
2024-02-06 01:42:54 pm
Markets showing volatility at the highs  After showing intra-day decline from the highs of Friday, Nifty slipped into weakness amid volatility on Monday and closed the day lower by 82 points, said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. At close, Nifty was down 82.10 points or 0.38 per cent at 21,771.70, while Sensex was down 354.21 points or 0.49 per cent at 71,731.42. After opening on a positive note, the market made an attempt to move up soon after the opening. The range-bound movement of...
Markets showing volatility at the highs
Markets showing volatility at the highs
Source: IANS
2024-02-05 06:00:08 pm
Nifty ends Budget week 2.35% higher after falling for two straight weeks The Nifty ended the Budget week higher (2.35 per cent) after falling for two straight weeks, said Deepak Jasani, Head of Retail Research at HDFC Securities. Nifty ended on a positive note though off the intra-day high in a volatile session post the Budget Day on Friday. At close, Nifty was up 156.30 points or 0.72 per cent at 21,853.80, while Sensex was up 440.33 points or 0.61 per cent at 72,085.63, . Cash market volumes on the NSE rose to Rs 1.45 lakh crore. The Smallcap index rose le...
Nifty ends Budget week 2.35% higher after falling for two straight weeks
Nifty ends Budget week 2.35% higher after falling for two straight weeks
Source: IANS
2024-02-02 05:42:55 pm
Nifty sees lowest intra-day volatility on Budget Day in 6 years  Nifty saw the lowest intra-day volatility on a Budget Day in at least six years on Thursday as the expectation buildup ahead was limited, said Deepak Jasani, Head of Retail Research at HDFC Securities. The Nifty 50 fell 67 points on Thursday to hit an intra-day low of 21,658.75 before ending 28 points, or 0.13 per cent, lower at 21,697.45. Cash market volumes on the NSE were high at Rs 1.35 lakh crore. Broad market indices fell a little more than the Nifty, even as the advance dec...
Nifty sees lowest intra-day volatility on Budget Day in 6 years
Nifty sees lowest intra-day volatility on Budget Day in 6 years
Source: IANS
2024-02-02 10:48:17 am
Nifty records biggest single-day gain since Dec 4 Nifty ended the first day of the week with its biggest single-day gain since December 4 with heavyweight Reliance Industries contributing the most to the gains, Deepak Jasani, Head Retail Research at HDFC Securities, said on Monday. At close on Monday, Nifty was up 385 points or 1.8 per cent at 21,737.60, while Sensex closed the day 1,240.90 points or 1.76 per cent higher at 71,941.57. Cash market volumes on the NSE were high at Rs 1.26 lakh crore. Broad market indices rose less than th...
Nifty records biggest single-day gain since Dec 4
Nifty records biggest single-day gain since Dec 4
Source: IANS
2024-01-29 05:58:36 pm
Nifty ends lower after two session rally  Deepak Jasani, Head of Retail Research, HDFC Securities on Monday said that the Nifty snapped a two-session rally to end lower on Monday after opening with marginal gains. “At close, Nifty was down 0.91 per cent or 197.8 points at 21513,” Jasani said. Cash market volumes on the NSE were below Rs.1 lakh cr again reflecting muted sentiments. Smallcap index fell 0.36 per cent, outperforming the Nifty, even as the advance decline ratio fell sharply to 0.64:1.
Nifty ends lower after two session rally
Nifty ends lower after two session rally
Source: IANS
2024-01-08 05:35:39 pm
Auto stocks top losers due to weak Dec volumes  Nifty fell for the second consecutive session on Tuesday. At close, Nifty was down 0.35 per cent or 76.1 points at 21,665.8, while Sensex was down 379.46 points at 71,892.48. Cash market volumes rose compared to the previous session, but remained below Rs 1 lakh crore. The broad market indices fell less than the Nifty even as the advance decline ratio fell to 0.93:1, said Deepak Jasani, Head of Retail Research at HDFC Securities. Pharma stocks rose amid higher volumes while auto s...
Auto stocks top losers due to weak Dec volumes
Auto stocks top losers due to weak Dec volumes
Source: IANS
2024-01-02 05:51:16 pm
Nifty ends 2023 higher by 20% Nifty corrected after rising for five sessions on Friday, but closed the week higher by 1.79 per cent. It closed the month higher by 7.9 per cent and the year higher by 20 per cent, said Deepak Jasani, Head of Retail Research at HDFC Securities. Nifty snapped a five-day rally on Friday and ended in the negative. At close, Nifty was down 0.22 per cent or 47.3 points at 21,731.4. Cash market volumes on the NSE again dipped below Rs 1 lakh crore at Rs 0.96 lakh crore. Broad market in...
Nifty ends 2023 higher by 20%
Nifty ends 2023 higher by 20%
Source: IANS
2023-12-29 05:28:12 pm
Traders advised caution for next two days as market is overheated Despite a broad-based rally, the fear gauge India VIX is also going up. Traders are advised caution for the next two days until the RBI's Monetary Policy Committee (MPC) concludes, says Sheersham Gupta, Director and Senior Technical Analyst at Rupeezy. "The market is already overheated and a policy change or an unfavorable commentary may elicit a sharp reaction from the market," he said. Nifty rose on December 5 with another (though smaller) upgap showing the strength o...
Traders advised caution for next two days as market is overheated
Traders advised caution for next two days as market is overheated
Source: IANS
2023-12-05 05:12:21 pm
Market expected to maintain positive momentum Market is expected to maintain its positive momentum in the short term, supported by declining oil prices and moderating US yields, says Vinod Nair, Head of Research at Geojit Financial Services. Towards the week's end, banking stocks were impacted by the RBI's decision to raise risk weights for unsecured loans, he said. The domestic markets ended the week on a positive note, buoyed by global cues and favourable Indian macroeconomic indicators hinting at controlled inflation. So...
Market expected to maintain positive momentum
Market expected to maintain positive momentum
Source: IANS
2023-11-19 12:05:16 pm
Nifty ends lower as IT sector comes under pressure Nifty ended lower on Thursday in the volatile session, swinging between gains and losses. At close, Nifty was down 0.09 per cent or 17.4 points at 19,794, while the Sensex fell by 64 points or 0.097 per cent to end at 66,408, said Deepak Jasani, Head of Retail Research at HDFC Securities.The Small-cap index rose 0.6 per cent even as the advance decline ratio fell to 1.38:1.World shares rose on Thursday ahead of US inflation data that will add to the hotly-contested debate on where interest ra...
Nifty ends lower as IT sector comes under pressure
Nifty ends lower as IT sector comes under pressure
Source: IANS
2023-10-12 05:45:02 pm
Nifty advances for second straight day Nifty advanced for the second consecutive day on Friday aided by positive global cues. At close, Nifty was up 0.55 per cent or 107.8 points at 19653.5, said Deepak Jasani, Head of Retail Research at HDFC Securities.Volumes on the NSE were at multi-week lows. Broad market indices rose in line with the Nifty even as the advance decline ratio advanced further to 1.88:1, Jasani said.Global shares mostly rose on Friday in guarded trading ahead of a report on the US jobs market due Friday. Economis...
Nifty advances for second straight day
Nifty advances for second straight day
Source: IANS
2023-10-06 05:50:31 pm
11-day gains spree of Sensex longest streak since Oct 2007 Sensex rose for the 11th straight day, its longest streak of gains since October 2007, said Deepak Jasani, Head of Retail Research at HDFC Securities.While Sensex climbed 320 points to close at 67,838, Nifty also scaled fresh life highs on Friday, rising for the third consecutive session to close at 20,192, up 89.3 points.?Volumes on the NSE continued to be on the lower side. The broad market indices rose less than the Nifty even as the advance decline ratio fell but remained above par at 1.2...
11-day gains spree of Sensex longest streak since Oct 2007
11-day gains spree of Sensex longest streak since Oct 2007
Source: IANS
2023-09-15 05:20:57pm