NIFTY: The NIFTY opened at 21605.80 with a gap up of 88 points. Prices initially started a consolidation process for about one hour and then eventually broke on the upside after recording its intraday low at 21564.55. A sharp rally came but soon the index found resistance around…
View on market: Volatility Prevails, Market is searching for better value Early on Friday, as investors awaited the release of U.S. non-farm payroll statistics, markets in the Asia-Pacific region saw uneven trading. The S&P/ASX 200 index was up 0.11% at 7,502.40, while the Nikkei was up 0.19% at…
NIFTY: The NIFTY opened at 21661.10 without much of a gap. The index recorded its intraday high at 21677 in its initial trades and saw a sharp decline for the first hour of trading. Prices then started moving sideways. That range-bound movement continued for the next four hours…
View on market: Volatility Prevails, Market is searching for better value The Asia-Pacific region's markets opened Thursday's trading in the red, following Wall Street's loss as the U.S. Federal Reserve's December meeting minutes indicated that interest rates would likely remain high for some time. Japan's stock indexes dropped…
NIFTY: The NIFTY closed at 21665.80 with a loss of 76.10 points or 0.35% down; The PHARMA outperformed and closed with a gain of 2.46% followed by OIL GAS, MEDIA, and METAL AUTO, IT, and REALTY underperformed and ended with a loss of over 1% followed by BANK.…
View on market: Volatility Prevails, Market is searching for better value Early on Wednesday, Asian markets fell, following the declines of their Wall Street counterparts. As of 06:18 a.m., the KOSPI in South Korea down 1.45% to 2,630.26, while the S&P/ASX 200 was down 1.03% at 7,550.20.Treasury bonds…
Company Recommendation Buy (Rs.) Target (Rs.) Upside (%) Time Horizon Asahi India Glass Ltd. Buy 567 640 13% 1 Month Bharat Electronics Ltd. Buy 181 210 16% 1 Month Bosch Ltd. Buy 22149 25000 13% 1 Month Indian Hotels Co Ltd. Buy 431 500 16% 1 Month Interglobe…
View on market: Volatility Prevails, Market is searching for better value The Asia-Pacific region's markets are expected to open the year's first trading session quietly. Australia's share indices saw a slight increase, with the benchmark S&P ASX 200 closing at 7,623.60, up 0.44%. Japan's markets will be closed…
NIFTY: NIFTY closed at 21731.40 with a loss of 47.30 points or 0.22% down; The AUTO outperformed and closed with a gain of 1.14% followed by FMCG, METAL, and REALTY. OIL GAS underperformed and ended with a loss of nearly 1% followed by IT and BANK. THE NIFTY…
View on market: Volatility Prevails, Market is searching for better value As it is New Year's Day, the majority of Asian markets are closed today. After a surge that left the market on track for its ninth straight week of gains—the biggest winning streak since 2004—stocks on Wall…