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Perspective on the Markets of Dr. Joseph Thomas, Head of Research, Emkay Wealth Management Below the Perspective on the Markets of Dr. Joseph Thomas, Head of Research, Emkay Wealth Management    “The equity markets remained volatile, and tested lower  levels ahead of the US Presidential elections and the FOMC meet. The results of the US Presidential election provided some kind of a mid-week relief rally, but the concerns over  potential inflation and sluggish growth lingered on. On the domestic front, the weak earnings season kept the investor s...
Perspective on the Markets of Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
Perspective on the Markets of Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
Source: Emkay Wealth Management
2024-11-09 05:39:31 pm
Brent to continue trading in a broad range of $75-80/bbl: Emkay Wealth Management  Emkay Wealth Management Ltd, the wealth management arm of Emkay Global Financial Services has released a press note on crude oil price movement. According to Emkay Wealth Management Brent crude will continue to trade in a broad range of 75-80/bbl. Crude prices are weak as fundamental factors do not support higher oil prices, there has not been any major attacks on the oilfields in Iran, OPEC, International Energy Agency (IEA), and the US EIA data indicate an oversupply of oil in the com...
Brent to continue trading in a broad range of $75-80/bbl: Emkay Wealth Management
Brent to continue trading in a broad range of $75-80/bbl: Emkay Wealth Management
Source: Emkay Wealth Management
2024-11-04 03:53:07 pm
Perspective on the markets by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management on the markets. Below the Perspective on the markets by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management on the markets.   “The domestic markets touched record highs at the start of the week and subsequently ended the winning streak as the week progressed. The overheated segments of the markets have seen some profit booking and may be an indicator that earnings would incrementally dictate price movements. From a global perspective the focus is now on the economic data coming...
Perspective on the markets by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management on the markets.
Perspective on the markets by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management on the markets.
Source: Emkay Wealth Management
2024-09-08 11:32:59 am
Perspective on the markets of Dr. Joseph Thomas, Head of Research, Emkay Wealth Management Below the Perspective on the markets of Dr. Joseph Thomas, Head of Research, Emkay Wealth Management    “The markets traded in a narrow range for major part of the week as participants waited for the US FOMC meet outcome. The Fed Chair indicated that a September rate cut is very much on the table, if the incoming data is in line with policy objectives. The markets may have a positive reaction to this development but the excitement may be short lived, as a rate cut i...
Perspective on the markets of Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
Perspective on the markets of Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
Source: Emkay Wealth Management
2024-08-03 04:55:32 pm
Perspective on the Markets by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management Below the Perspective on the Markets by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management   “The Nifty 50 crossed the 24000 mark during the week, and quite a bit of institutional buying also happened, which helped the market to trade higher. Some amount of profit booking was seen in the midcaps and small caps. With economic growth likely to be around the 7.00 % and the full-fledged budget expected by mid-July, the market may remain well bid. But adverse influe...
Perspective on the Markets by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
Perspective on the Markets by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
Source: Emkay Wealth Management
2024-07-01 12:24:20 pm
Brent Oil Prices Navigate Geopolitical Tensions: Emkay Wealth Management Emkay Wealth Management, in its latest Navigator report, analyzes the current state of Brent oil prices, highlighting their recent range-bound nature, occasionally influenced by geopolitical tensions. Despite brief upticks due to conflicts like the Israel-Iran escalation, stability has returned with the conclusion of operations. Factors Influencing Price Trends The report emphasizes the uninterrupted oil supply amidst challenges, with subdued prices expected as long as demand remai...
Brent Oil Prices Navigate Geopolitical Tensions: Emkay Wealth Management
Brent Oil Prices Navigate Geopolitical Tensions: Emkay Wealth Management
Source: PR Agency
2024-05-22 12:38:40 pm
Gold price reaches Rs 74,000 Gold prices have been booming for the last few months. According to the Indian Bullion Jewelers Association (IBJA), the price of 10 grams of 24-carat gold increased to Rs 74,220 per 10 grams on Tuesday, which was Rs 73,383 in the previous trading session on May 17. "Gold may be able to sustain at higher levels only if the Fed cuts rates, and the US$ starts declining against currency majors," Emkay Wealth Management, a brokerage firm, said in its report. As of April 30, 2024, p...
Gold price reaches Rs 74,000
Gold price reaches Rs 74,000
Source: IANS
2024-05-22 09:28:04 am
Gold Looks Resisted at Higher Levels, Awaiting Fresh Triggers: Emkay Wealth Management According to its latest Navigator report, Emkay Wealth Management cited that gold may be able to sustain at higher levels only if the Fed cuts rates, and the US$ starts declining against currency majors.   As of 30th April, 2024, physical gold has delivered a CAGR of 19.42% in 12-month period and absolute returns of 6.78% (1-month period) during the month of April.   Gold prices moved up from the US$ 2050 base, where it was hovering around for a long time,...
Gold Looks Resisted at Higher Levels, Awaiting Fresh Triggers: Emkay Wealth Management
Gold Looks Resisted at Higher Levels, Awaiting Fresh Triggers: Emkay Wealth Management
Source: Emkay Wealth Management
2024-05-21 05:27:16 pm
Perspective on the Market by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management Below the perspective on markets by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management   “The domestic markets registered gains for the week gone by as they remained well supported by strong macroeconomic data in the form of PMI numbers. At the current juncture, the earnings season too is expected to register satisfactory growth. The expectations on growth were seconded by RBI in its policy by way strong projections for FY25. The domestic news flow is fairly su...
Perspective on the Market by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
Perspective on the Market by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
Source: Emkay Wealth Management
2024-04-05 06:28:34 pm
Perspective on the Market by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management Below the perspective on markets by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management   “The domestic markets remained volatile during the week with the expectations and outcome of the FOMC meeting being the focal point. With the FOMC meeting indicating rate cuts in its announcement the sentiment improved marginally towards the end of the week. Going ahead volatility is expected to be at the forefront as valuations related concerns still linger. The earnings s...
Perspective on the Market by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
Perspective on the Market by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
Source: Emkay Wealth Management
2024-03-23 09:03:39 am
Investors to focus on series of economic data globally in the coming week We expect a modest return of 10 to 12 per cent on the main market in CY24, says Vinod Nair, Head of Research at Geojit Financial Services. It is advised to diversify the investment pattern to multi-assets. It is suitable to be diverse when equities are trading above the long-term average for a prolonged period The euphoria is expected to continue during the start of the next year on account of the exuberance of rate cuts and the drop in bond yields. "We presume CY24 to be a year...
Investors to focus on series of economic data globally in the coming week
Investors to focus on series of economic data globally in the coming week
Source: IANS
2023-12-31 11:43:24 am
Nifty ends last trading day of the year with minor loss Domestic equities gave up its five day winning streak and ended the last day of the year on a flat note amid profit booking in select heavyweights, says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services. Nifty remained in negative territory throughout the session and closed with minor loss of 22 points at 21731 levels. However, broader market outperformed with Nifty midcap 100 and Nifty Smallcap 100 up 0.8 per cent and 0.6 per cent respectively. Sector-wise, it...
Nifty ends last trading day of the year with minor loss
Nifty ends last trading day of the year with minor loss
Source: IANS
2023-12-30 10:16:01 am
Gold expected to move much higher in 2024: Emkay Wealth Management  As per a report by Emkay Wealth Management titled ‘Navigator’, the price of gold is expected to test levels from US$ 2060 to US$ 2090, and on any correction if 2035 holds, the prices may target 2115 level in the current up-move. The geo- political developments are crucial for the markets as the demand for US Dollar assets, and therefore, of US Dollar, in the immediate term, will be determined by some of these exogenous factors. The rise in US rates was the factor tha...
Gold expected to move much higher in 2024: Emkay Wealth Management
Gold expected to move much higher in 2024: Emkay Wealth Management
Source: Emkay Wealth Management
2023-12-29 05:51:26 pm
Perspective on Market By Dr. Joseph Thomas, Emkay Wealth Management Below is Perspective on Market by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management.   “After an ebullient market which touched life-time highs, fostered by strong economic numbers and good inflows from overseas investors, and prospects of lower interest rates, witnessed some amount of correction on the last trading day of the week. Some selling was witnessed in large cap stocks, mainly in the Banking , Tech, and  Oil & Gas sectors. Profit b...
Perspective on Market By Dr. Joseph Thomas, Emkay Wealth Management
Perspective on Market By Dr. Joseph Thomas, Emkay Wealth Management
Source: Emkay Wealth Management
2023-12-29 05:49:21 pm
Gold expected to move much higher in 2024 The price of gold is expected to test levels from $2,060 to $2,090 per ounce, and on any correction if $2035 holds, the prices may target $2,115 level in the current up-move, as per a report by Emkay Wealth Management. The rise in US rates was the factor that prevented any upside for gold or rather limited it for almost one year now despite high global inflation, the report said. The yellow metal has boomed from the lows seen in the last six months to levels above $2,000 per ounce, and ...
Gold expected to move much higher in 2024
Gold expected to move much higher in 2024
Source: IANS
2023-12-29 05:08:42 pm
Brent trading at US$79/bbl, may be range-bound in immediate term: Emkay Wealth Management Emkay Wealth Management, the wealth management and advisory arm of Emkay Global Financial Services has released a note on Brent crude, price outlook, and the reason for the rally in the crude oil prices. Brent is currently tarding at US$79 per barrel, and there are indications that it might exhibit a range-bound pattern in the near future with a downward inclination. In our previous update, we highlighted two conflicting factors influencing the trajectory of oil prices. One perspective revolv...
Brent trading at US$79/bbl, may be range-bound in immediate term: Emkay Wealth Management
Brent trading at US$79/bbl, may be range-bound in immediate term: Emkay Wealth Management
Source: PR Agency
2023-12-24 03:51:05 pm
Brent trading at US$79/bbl, may be range-bound in immediate term: Emkay Wealth Management Emkay Wealth Management, the wealth management and advisory arm of Emkay Global Financial Services has released a note on Brent crude, price outlook, and the reason for the rally in the crude oil prices. Brent is currently tarding at US$79 per barrel, and there are indications that it might exhibit a range-bound pattern in the near future with a downward inclination. In our previous update, we highlighted two conflicting factors influencing the trajectory of oil prices. One perspective revolv...
Brent trading at US$79/bbl, may be range-bound in immediate term: Emkay Wealth Management
Brent trading at US$79/bbl, may be range-bound in immediate term: Emkay Wealth Management
Source: Emkay Global Financial Services
2023-12-22 03:38:04 pm
Market perspective by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management Below the perspective on markets of Dr. Joseph Thomas, Head of Research, Emkay Wealth Management     “The markets remained flattish the past five trading days despite continued rally in US. The Indian markers are struggling to break 21K on the nifty and we are seeing some consolidation. The broader market has seen some rotation with the out of favour banks finding some Interest and continued selling in the IT space. Oil prices on the other hand have corre...
Market perspective by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
Market perspective by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
Source: Emkay Global Financial Services
2023-12-15 05:53:32 pm
Market perspective by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management Below the on markets. perspective of Dr. Joseph Thomas, Head of Research, Emkay Wealth Management “After a drastic fall in the indexes over the last few trading sessions, the major indexes rose by more than 1% in the last trading day of the week today. The fall was caused by the fall in the US markets and the aggravation of the Middle East conflict. There are strong indication that the US rates may move up further owing to the elevated inflation levels. The movements in the US m...
Market perspective by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
Market perspective by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
Source: Emkay Wealth Management
2023-10-27 04:54:50 pm
Safe haven asset, Gold, expected to trend higher with geo political uncertainties By Emkay Wealth Management According to Emkay Wealth Management, considered as safe haven especially in times of geopolitical uncertainty, gold is expected to trend higher in the immediate term. Technically the price targets for gold remains at US$ 1990 and US$ 2030. Contrary to the usual trend of gold moving up significantly in the weaker dollar scenario, the safe haven status has assumed significance despite a strong dollar scenario.The on-going Middle East conflict has impelled investors? preference for Gold which h...
Safe haven asset, Gold, expected to trend higher with geo political uncertainties By Emkay Wealth Management
Safe haven asset, Gold, expected to trend higher with geo political uncertainties By Emkay Wealth Management
Source: Emkay Wealth Management
2023-10-23 05:02:38 pm
Investors to take cues from Q2 earnings season Investors will closely monitor the further commencement of the Q2 earnings season which has high expectations from sectors like auto, finance and oil and gas, says Vinod Nair, Head of Research at Geojit Financial Services.The Indian market's rebound from a sluggish start, propelled by the positive expectations on Q2 earnings and moderation in global bond yield despite concerns over the Middle East conflict continues to hover, he said.However, the release of higher-than-anticipated US inflatio...
Investors to take cues from Q2 earnings season
Investors to take cues from Q2 earnings season
Source: IANS
2023-10-15 12:19:10 pm
Market perspective by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management Below the perspective of Dr. Joseph Thomas, Head of Research, Emkay Wealth Management on the markets.The equity markets traded lower from early this week till the last trading day, mostly swayed by developments around the US monetary policy and US markets. Though the Fed announced a hold on the Fed Funds Rate, the guidance on future rates left a strong probability of future rate hikes, at least one before the end of this year. That there may be further rate hike rattled the markets with ...
Market perspective by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
Market perspective by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
Source: Emkay Wealth Management
2023-09-22 06:10:49 pm
Gold to trade between the broad range of US$ 1880 -US$ 1960 levels in the near-term - Emkay Wealth Management Ltd As per a report by Emkay Wealth Management titled ?Navigator?, the prices of yellow metal is expected to trade in the broad ranges already set with US$ 1880 and US$ 1830 acting as strong support levels in the near term. Gold is currently trading at US$ 1960, and has been fluctuating in the range of US$1880-US$1960 during the last one month.  During the previous two months gold ETFs witnessed outflows, however during the recent weeks some inflows started trickling in that have helped...
Gold to trade between the broad range of US$ 1880 -US$ 1960 levels in the near-term - Emkay Wealth Management Ltd
Gold to trade between the broad range of US$ 1880 -US$ 1960 levels in the near-term - Emkay Wealth Management Ltd
Source: Emkay Wealth Management
2023-09-15 03:20:28pm