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Quote on Market Round-Up by Shrikant Chouhan, Head Equity Research, Kotak Securities The Nifty-50 Index and Sensex ended down around 4.25% down in the past week. Both the mid-cap index and small-cap index lost around 2% outperforming large-caps. Global equity markets witnessed various degrees of sell-off (Brazil down 10%, Japan down 5%, S&P-500 down 4%) in the past week, in the aftermath of the US Fed policy meeting, where the US Fed cautioned on the pace of future rate cuts....

Quote on Market Round-Up by Shrikant Chouhan, Head Equity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-20 05:10:54 pm

Below the Quote on Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities In the last week, the benchmark indices corrected sharply, with the Nifty ending 4.7 percent lower, while the Sensex was down by 4100 points. Among sectors, the Pharma index outperformed, rallying over 1.5 percent, whereas the Metal and Bank Nifty indices corrected sharply, shed over 5 percent. During the week, the market slipped below the 20-day and 50-day Simple Moving Averages ...

Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-20 05:02:06 pm

Below the Quote on Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities Today, the benchmark indices corrected sharply, with the Nifty ends 247 points lower and the Sensex down by 964 points. Among sectors, the Pharma and Healthcare indices rallied over 1 percent, while the IT, Defence, and financial indices shed over 1 percent. Technically, after a gap down, the market hovered within the range of 23900/79200 to 24000/79500 throughout the day. We believ...

Market Wrap By Shrikant Chouhan, Head Equity Research, Kotak Securities

Source: Kotak Securities
2024-12-19 05:45:41 pm

Below the Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities Comex gold futures fell below $2,600 per ounce owing to the Federal Reserve's hawkish tone, following a widely anticipated 25 basis point rate cut. This prompted the US 10-year yield to rise to 4.45%, and the US Dollar Index to hit a two-year high of 108.3. Fed Chair Jerome Powell remarked that the policy rate has been reduced by a full percentage point from its peak, making the ov...

Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-19 03:34:00 pm

Below the Quote on Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities Today, the benchmark indices witnessed profit booking for the third consecutive day. The Nifty ended 137 points lower, while the Sensex was down by 502 points. Among sectors, the Pharma index gained the most, rallied over 1 percent, whereas the Media index shed over 2 percent. Technically, the market experienced selling pressure at higher levels once again. A bearish candle on daily ch...

Market Wrap By Shrikant Chouhan, Head Equity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-18 05:26:29 pm

Below the Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities Comex Gold futures closed lower on Tuesday, following stronger-than-expected US Retail Sales data, which indicated economic resilience. Retail sales rose by 0.7% in November, building on an upwardly revised 0.5% increase in October. Year-on-year growth for November reached 3.8%, surpassing expectations and highlighting consumer strength. Despite this robust retail performance, the...

Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-18 03:00:30 pm

Below the Quote on Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities Today, the benchmark indices continued profit booking at higher levels. The Nifty ends 332 points lower, while the Sensex dropped 1064 points. Among sectors, almost all the major sectoral indices registered profit booking at higher levels, but the PSU Bank index lost the most, shedding 1.89 percent. Technically, after a weak open, the market faced selling pressure throughout the ...

Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-17 04:29:59 pm

Evening Track : Comex Gold takes a breather ahead of key events by Kotak Securities Ltd

Comex Gold takes a breather ahead of key events Comex Gold futures held a two-day drop trading near $2,675 per ounce ahead of the Federal Reserve’s final interest-rate decision of the year, with traders also weighing the policy outlook for 2025. Last week's mixed economic data, including rising wholesale inflation and higher-thananticipated jobless claims, added to the uncertainty. The Fed is widely expected to reduce interest rates by 25 basis points this week, with further cuts...

Evening Track : Comex Gold takes a breather ahead of key events by Kotak Securities Ltd

Source: Kotak Securities Ltd
2024-12-16 05:30:27 pm

Below the Quote on Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities On last Monday, the benchmark indices witnessed intraday profit booking at higher levels. The Nifty ended 100 points lower, while the Sensex was down by 385 points. Among sectors, the Realty index gained the most, rallying over 3 percent, while intraday profit booking was observed in selective Metal and IT stocks. Technically, on daily charts, the index has formed a small bearish ca...

Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-16 05:17:52 pm

Below the Quote on Market Morning Inputs by Shrikant Chouhan, Head Equity Research, Kotak Securities The benchmark indices witnessed considerable volatility last week. On a weekly basis, the Nifty ended 0.37 per cent higher, while the Sensex was up by 423 points. Among sectors, the Media index lost the most, shedding nearly 6 per cent, whereas the Capital Market and IT indices rallied over 2 per cent. Technically, after a short-term correction last Friday, the market bou...

Quote on Market Morning Inputs by Shrikant Chouhan, Head Equity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-16 10:15:10 am

Below the Quote on Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities In the last week, the benchmark indices witnessed volatile activity. On a weekly basis, the Nifty ended 0.37 percent higher, while the Sensex was up by 423 points. Among sectors, the Media index lost the most, shed nearly 6 percent, whereas the Capital Market and IT indices rallied over 2 percent. Technically, after a short-term correction last Friday, the market bounced back s...

Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-13 06:06:15 pm

Below the Quote on Weekly Market Round-off by Shrikant Chouhan, Head of Equity Research, Kotak Securities The Indian equity markets rebounded sharply in second half on Friday to end the week with marginal gains. Both the Nifty 50 and the Sensex 30 indices posted a weekly gain of close to 0.5%. However, on the sectoral front, the performance was mixed. On the BSE, sectoral indices like IT, real estate and capital goods saw gains. However, on the other hand, BSE Energy, FMCG, ...

Weekly Market Round-off by Shrikant Chouhan, Head of Equity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-13 05:06:12 pm

Commodity Research - Morning Insight - 13 Dec 2024 By Kotak Securities Ltd

Bullion – Comex Gold fell over 1.7% on Thursday, ending a four-day rally as mixed U.S. economic data shaped investor sentiment. While initial jobless claims rose to a two-month high of 242K, signaling a cooling labor market, producer inflation surged beyond expectations. The PPI data suggest that the disinflation process may be stalling. The US Dollar held firm at 106.75, and yields increased two basis points to 1.996%, pressuring gold prices further. Meanwhile, the ECB continued its ea...

Commodity Research - Morning Insight - 13 Dec 2024 By Kotak Securities Ltd

Source: Kotak Securities Ltd
2024-12-13 11:39:35 am

Below the Quote on Market Morning inputs by Shrikant Chouhan, Head Equity Research, Kotak Securities The benchmark indices witnessed profit booking at higher levels, the Nifty ended 93 points lower while the Sensex was down by 236 points. Among sectors, the IT index outperformed today, rallied 0.75 percent, whereas the Media index lost the most, shed over 2 percent. Technically, after a muted open market consistently faced selling pressure at higher levels, it also formed a ...

Market Morning inputs by Shrikant Chouhan, Head Equity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-13 10:07:06 am

Below the Quote on Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities Today, the benchmark indices witnessed profit booking at higher levels, the Nifty ended 93 points lower while the Sensex was down by 236 points. Among sectors, the IT index outperformed today, rallied 0.75 percent, whereas the Media index lost the most, shed over 2 percent. Technically, after a muted open market consistently faced selling pressure at higher levels, it also formed a bea...

Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-12 04:59:01 pm

Commodity Research - Morning Insight - 12 Dec 2024 By Kotak Securities Ltd

Bullion – Comex Gold futures jumps to 5-weeks high on Wednesday, closing above $2,755 per ounce after the release of U.S. inflation. November’s headline inflation rose as anticipated to 2.7%, while core inflation remained steady at 3.3%. Following the data, the swap market has prices 98% odds for 25-bps rate cut in December meeting. However, stubbornly high services and shelter inflation persisting above 4.5% signaling potential challenge. Globally, central banks adjusted thei...

Commodity Research - Morning Insight - 12 Dec 2024 By Kotak Securities Ltd

Source: Kotak Securities Ltd
2024-12-12 11:39:10 am

Below the Quote on Market Morning inputs by Shrikant Chouhan, Head Equity Research, Kotak Securities On last Wednesday, the benchmark indices experienced limited movement, with the Nifty ended 32 points higher and the Sensex up by 16 points. Among sectors, selective financial stocks registered buying interest at lower levels, whereas the PSU Bank index lost the most, shed nearly 1 percent. Technically, on daily charts, the index has formed a small candle formation, ...

Market Morning inputs by Shrikant Chouhan, Head Equity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-12 11:14:21 am

Evening Track : Gold futures tick up above $2,700 ahead of U.S. inflation data by Kotak Securities Ltd

Comex Gold futures traded above $2,700 an ounce on reports that China's central bank resumed gold purchases after a seven-month. The market is largely betting on a quarter-point interest rate cut by the Federal Reserve at its upcoming meeting. Lower interest rates typically benefit gold as it doesn't pay interest. However, any unexpected signs of inflationary pressure could dampen this bullish sentiment. Additionally, geopolitical tensions and the resumption of gold purchases by China...

Evening Track : Gold futures tick up above $2,700 ahead of U.S. inflation data by Kotak Securities Ltd

Source: Kotak Securities Ltd
2024-12-11 05:16:41 pm

Below the Quote on Market Wrap by Shrikant Chouhan, Head of Equity Research, Kotak Securities Today, the benchmark indices experienced limited movement, with the Nifty ended 32 points higher and the Sensex up by 16 points. Among sectors, selective financial stocks registered buying interest at lower levels, whereas the PSU Bank index lost the most, shed nearly 1 percent. Technically, on daily charts, the index has formed a small candle formation, which suggests indecisivenes...

Market Wrap by Shrikant Chouhan, Head of Equity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-11 05:12:21 pm

Below the Quote on FPI-FII details by Shrikant Chouhan, Head Equity Research, Kotak Securities Q) The amount/reason for outflow/inflow (1st Dec to 5th Dec 2024). FIIs continued to be net cash buyers to the tune of Rs. 13,764 crores, to date in Dec’24. Q) How is the future FPI flow expected to be? Indian equity markets were among the better performers among global markets, as investor positioning turned hopeful of a speedy economic recovery ...

Quote on FPI-FII details by Shrikant Chouhan, Head Equity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-06 05:49:14 pm

Daily Evening Track : Gold rebounds as investors eye jobs data by Kotak Securities

Comex Gold futures gained ground to trade above $ 2,660 per ounce ahead of the crucial US jobs report that will significantly impact the Federal Reserve's interest rate policy. The upcoming nonfarm payrolls data, due later today, will be closely watched by market participants before the Fed's policy meeting on December 17-18. While market expectations currently point to a 25 basis point rate cut, robust labor market data could temper the central bank's inclination towards aggressi...

Daily Evening Track : Gold rebounds as investors eye jobs data by Kotak Securities

Source: Kotak Securities Ltd
2024-12-06 05:41:24 pm

Below the Quote on Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities In the last week, the benchmark indices maintained strong momentum; the Nifty gained 2.23 percent, while the Sensex rallied by over 1,900 points. Among sectors, almost all major sectoral indices traded in positive territory, but the Realty index significantly outperformed, gaining over 5 percent. From a technical perspective, the weekly charts indicate that the index has formed...

Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-06 05:26:28 pm

Evening Track : Gold retreats as investors eye key US job and inflation data this week - Kotak Securities Ltd

Gold retreats as investors eye key US job and inflation data this week Comex Gold futures steady near $2,670 per ounce after a slight uptick as the market absorbed comments from Fed Chair Jerome Powell. Powell indicated a cautious approach to further rate cuts, setting the stage for the upcoming nonfarm payroll data release on Friday. This data will be crucial in shaping the Federal Reserve's interest rate decision in December. The gold has declined by 5% from its record high in late O...

Evening Track : Gold retreats as investors eye key US job and inflation data this week - Kotak Securities Ltd

Source: Kotak Securities Ltd
2024-12-05 05:52:00 pm

Below the Quote on Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities Today, the benchmark indices witnessed a volatile trading session. After rollercoaster activity, the Nifty ended 241 points higher, while the Sensex gained 810 points. Among sectors, almost all major sectoral indices traded in the green, with the IT index outperformed and rallied over 2 percent. Technically, after an early morning dip, the market took support near 24,300/80500 and boun...

Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-05 04:53:23 pm

Below the Quote on Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities Today, the benchmark indices experienced a volatile session, with the Nifty ended 10 points higher and the Sensex up by 114 points. Among sectors, the Realty and PSU Banks indices outperformed, rallied over 2 percent, while intraday profit booking was observed in the Auto and FMCG indices. From a technical perspective, after a promising uptrend rally, the Nifty/Sensex has formed a D...

Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-04 04:52:37 pm

Evening Track : Commodities stabilize as market awaits US Data, OPEC+ Meeting outcome, and Chinese Stimulus by Kotak Securities Ltd

Commodities stabilize as market awaits US Data, OPEC+ Meeting outcome, and Chinese Stimulus Comex Gold futures saw a slight uptick as it move above $2,670 per ounce, but remaining within a tight trading range observed over the past week. Investors are closely monitoring upcoming US economic data, particularly the nonfarm payroll figures, for insights into the Federal Reserve's potential rate decision this month. Swaps markets pricing in almost a 75% chance that the central bank will cu...

Evening Track : Commodities stabilize as market awaits US Data, OPEC+ Meeting outcome, and Chinese Stimulus by Kotak Securities Ltd

Source: Kotak Securities
2024-12-03 06:25:15 pm

Below the Quote on Market Wrap by Shrikant Chouhan, Head of Equity Research, Kotak Securities Today, the benchmark indices extended their positive momentum, with the Nifty ending 181 points higher and the Sensex up by 598 points. Among sectors, PSU Banks and Media indices rallied over 2 percent, while intraday profit booking was observed in selective FMCG and Pharma stocks. Technically, the indices managed to close above the 24,350/80,500 resistance level, which is largely p...

Market Wrap by Shrikant Chouhan, Head of Equity Research, Kotak Securities

Source: Kotak Securities
2024-12-03 04:27:10 pm

Evening Track : Commodities mixed on dollar strength, China recovery by Kotak Securities Ltd

Comex Gold futures declined on Monday to trade near $2,636 per ounce as the US dollar strengthened, with investors anticipating key economic data releases on Friday. These figures may influence the Federal Reserve's upcoming interest rate decision. A stronger dollar typically weighs on gold prices, as it becomes more expensive for buyers using other currencies. While recent geopolitical tensions, particularly the Russia-Ukraine conflict, have supported safe-haven demand for gold, the rece...

Evening Track : Commodities mixed on dollar strength, China recovery by Kotak Securities Ltd

Source: Kotak Securities Ltd
2024-12-02 05:59:42 pm

Below the Quote on Market Wrap by Shrikant Chouhan, Head of Equity Research, Kotak Securities Today, the benchmark indices continued their positive momentum, with the Nifty ending 145 points higher and the Sensex up by 445 points. Among sectors, almost all major sectoral indices traded in positive territory, but the Realty index significantly outperformed, rallying over 2.5 percent. Technically, after an early morning intraday dip, the market found support near 2400...

Market Wrap by Shrikant Chouhan, Head of Equity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-02 05:03:51 pm

Below the Quote On Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities Comex gold closed last week on a weaker note as safe-haven demand faded, following a ceasefire agreement between Israel and Hezbollah in Lebanon. Also, concerns about persistent inflation have raised doubts about the pace of rate cuts next year. Traders are currently pricing in a 66% chance of a quarter-point rate cut in December, up from 50% earlier in the month, while the likeli...

Quote On Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-02 03:22:37 pm

Commodity Research Evening Track by Kotak Securities

Gold prices rebound in thin holiday trade Comex Gold futures (Dec) rebounded on Thursday, surpassing the $2,645 per ounce extending its positive move for the third session, initiated after Monday's significant decline. As US markets were closed for a holiday, trading volumes were reduced. Investors are closely monitoring economic data for clues about the Federal Reserve's future monetary policy decisions, which could impact gold's price trajectory. While the market currently an...

Quote On Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-11-27 04:45:54 pm

Below the Quote On Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities Comex gold futures experienced a sharp decline of more than 3%, marking their biggest single-day drop in nearly four years, falling over $90 to settle at $2,618.50 per ounce. This was due to de-escalating geopolitical tensions in the Middle East, as reports suggested that Israel and Lebanon had accepted the terms of a ceasefire agreement. Despite weakness in the US dollar index, it fai...

Quote On Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-11-26 03:10:35 pm

Gold retreats after strong rally, await U.S. Data this week Comex Gold futures retreated sharply by about 2% to begin the week to trade near $2,670 per ounce, reversing the significant gains from the previous week. Despite a weaker US dollar, which usually supports gold, investors' focus shifted towards the upcoming Federal Reserve interest rate decision. A recent report indicating stronger-than-expected US economic activity has reduced expectations for a rate cut in the near future. H...

Commodity Research Evening Track by Kotak Securities

Source: Kotak Securities Ltd
2024-11-25 06:21:57 pm

Geopolitical risks drive commodity prices Higher Comex Gold futures surged above $2,710 per ounce, securing its largest weekly gain since October 2022. This significant rise was primarily driven by escalating tensions in the Russia-Ukraine conflict, boosting gold's appeal as a safe-haven asset. Ukraine's recent announcement of a new type of Russian ballistic missile attack on the city of Dnipro has further intensified geopolitical concerns. Traders are also closely monitoring the p...

Commodity Research Evening Track by Kotak Securities

Source: Kotak Securities
2024-11-22 04:47:05 pm

Below the Quote on Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities In the last week, the benchmark indices bounce back sharply, the Nifty ends 1.45 percent higher while the Sensex was up by 1535 points. Among Sectors, Reality index outperformed rallied over 6 percent whereas Oil Gas, Energy and Media indices shed over 1 percent. Technically, after a long correction the market took the support near 23265/76800 and reversed. Post reversal it not on...

Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities

Source: Kotak Securities Ltd
2024-11-22 04:40:51 pm

Evening Track : Renewed Geopolitical uncertainty fuels commodities price by Kotak Securities Ltd

Comex Gold futures continue to trade positive for the fourth day about $2,670 an ounce, driven by increased haven demand and expectations of further US interest rate cuts. Renewed geopolitical tensions, particularly Russia's ongoing invasion of Ukraine and the recent deployment of British cruise missiles by Kyiv, have contributed to heightened uncertainty, boosting gold's appeal as a safe-haven asset. On the domestic front, Federal Reserve Bank of Boston President Susan Collins advoca...

Evening Track : Renewed Geopolitical uncertainty fuels commodities price by Kotak Securities Ltd

Source: Kotak Securities Ltd
2024-11-21 05:19:38 pm

Below the Quote on Market Wrap Up by Shrikant Chouhan, Head Equity Research, Kotak Securities Ltd Today, the benchmark indices continued selling pressure at higher levels, the Nifty ends 169 points lower while the Sensex was down by 423 points. Among Sectors, PSU Banks, Media, Metal indices lost the most shed over 2 percent whereas despite weak market sentiment Reality index outperformed, rallied nearly 1 percent. Technically, on daily charts the index has formed bearish candle a...

Quote on Market Wrap Up by Shrikant Chouhan, Head Equity Research, Kotak Securities Ltd

Source: Kotak Securities Ltd
2024-11-21 04:59:14 pm

Below the Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities Comex gold extended its gains for a third consecutive day on Wednesday, reaching $2,682.80 per ounce, driven by safe-haven demand amid escalating geopolitical tensions. The Russia-Ukraine conflict intensified, particularly after Russia threatened to use nuclear weapons, although Moscow's assurances that every effort would be made to avoid nuclear war helped ease market concern...

Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-11-21 12:18:56 pm

Quote on the first leg of the 6 changes on Index Derivative Contracts that goes live from 20th November 2024 by Ashish Nanda, Kotak Securities

Below the Quote on the first leg of the 6 changes on Index Derivative Contracts that goes live from 20th November 2024 by Ashish Nanda, Kotak Securities Today is 20th November 2024 and the day when new Index Derivative Framework formally goes live. Interestingly, there is only one clause that goes live from today: “Increase in tail risk coverage on the day of options expiry”. Impact of balance 5 clauses will be seen progressively from 1st December 2024 to 30...

Quote on the first leg of the 6 changes on Index Derivative Contracts that goes live from 20th November 2024 by Ashish Nanda, Kotak Securities

Source: Kotak Securities Ltd
2024-11-21 11:48:24 am

Evening Track : Weakening dollar, Geopolitical risks drive gold prices higher by Kotak Securities

Comex Gold future surged on Monday and continued their rally on Tuesday to trade over $2,636 an ounce, driven by a weakening dollar and uncertainty about the Federal Reserve's interest rate path. The recent decline in the dollar, fueled by the waning "Trump trade," has benefited gold. Despite a recent dip, Goldman Sachs maintains its bullish outlook for gold, predicting a price of $3,000 per ounce by the end of 2025. Central bank buying and trade tensions are seen as key factors...

Evening Track : Weakening dollar, Geopolitical risks drive gold prices higher by Kotak Securities

Source: Kotak Securities Ltd
2024-11-19 05:04:26 pm

Gold rises as dollar rally fades Comex Gold futures rebounded more than 1% to trade near $2,600 per ounce after a significant weekly decline, driven by a weaker dollar and anticipation of potential Fed rate cuts. Goldman Sachs reiterated its bullish outlook on gold, forecasting a price target of $3,000 per ounce by the end of 2025. The bank's bullish stance is underpinned by factors such as expected Fed rate cuts, increased central bank gold purchases, and the potential inflationary im...

Commodity Research Evening Track by Kotak Securities

Source: Kotak Securities Ltd
2024-11-18 05:45:45 pm

Below the Quote on Market Wrap Up by Shrikant Chouhan, Head Equity Research, Kotak Securities Ltd The benchmark indices continued weak momentum, the Nifty ends 79 points lower while the Sensex was down by 241 points. Among Sectors, Metal index outperformed, rallied over 1.80 percent whereas IT index lost the most shed over 2 percent. Technically, one more time market registered selling pressure at higher levels. On daily charts, it has formed bearish candle and currently is ...

Market Wrap Up by Shrikant Chouhan, Head Equity Research, Kotak Securities Ltd

Source: Kotak Securities Ltd
2024-11-18 04:59:29 pm

Below the Quote on Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities In this truncated week, the benchmark indices witnessed a sharp correction, the Nifty ends 2.45 percent lower while the Sensex was down nearly 2000 points. Among Sectors, almost all the major sectoral indices registered profit booking at higher levels but Metal index lost the most, shed over 5percent. During the week, market slipped below 24000/79000 and post breakdown the s...

Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities

Source: Kotak Securities Ltd
2024-11-14 04:41:33 pm

Evening Track : Commodities steady ahead of US inflation numbers by Kotak Securities

Comex Gold inched up towards $2,615 an ounce, following a recent decline post a dollar surge after the US Presidential elections. The strengthening dollar, now at a two-year high, has made dollar-denominated commodities like gold more expensive for international buyers. Hedge funds have reduced their bullish bets on gold, and ETF inflows have slowed as investors shift focus to US equities. Despite a 6% correction from its all-time high in October, gold is still up significantly this year. Fac...

Evening Track : Commodities steady ahead of US inflation numbers by Kotak Securities

Source: Kotak Securities
2024-11-13 05:10:55 pm