View on market: Stay Cautious, be with quality business: Asia markets declined, following a drop in the U.S. benchmarks after comments by two Federal Reserve officials that they were considering 50 basis-point interest rate hikes to battle persistently high inflation. The S&P 500 Index lost 1.4% and the…
NIFTY: The NIFTY opened at 17896.60 with a gap down of just 33 points. The index remained weak for the first few minutes of trading and recorded its intraday low at 17853.80.Prices have bounced up and went above 17900. The index then started a consolidation process for the…
February 16, 2023
Market View 16th February 2023
View on market: Stay Cautious, be with quality business: Asian markets were set to open higher after the U.S. shares climbed and Treasuries sold off as investors weighed fresh data that indicated further Federal Reserve tightening ahead. The S&P 500 climbed 0.3% to close at its session high…
Result Analysis: Torrent Power Ltd. (CMP: Rs.456.9) Result Update: Q3FY23 Torrent Power Limited is an integrated power utility company of the ₹ 23,500 Crs Torrent Group, and is one of the largest companies in the country’s power sector with highly efficient generation assets and presence across the entire…
NIFTY: The NIFTY opened at 17840.35 with a gap up of 70 points. The index initially consolidated and then broke on the upside and rallied higher. Prices have recorded its intraday low at 17800.05, saw a steady upside throughout the day, and went above 17900. The index recorded…
View on market: Stay Cautious, be with quality business: Asian markets are primed for a cautious open after a choppy day on Wall Street ended flat as investors balanced hot inflation data with Federal Reserve commentary suggesting US interest rates may soon peak. The U.S. futures edged lower…
Result Analysis: Nykaa (FSN E-Commerce Ventures Ltd.) (CMP: Rs.149.65) Result Update: Q3FY23 Nykaa (FSN E-Commerce) was founded in 2012 by Indian entrepreneur Falguni Nayar. Since its launch, Nykaa expanded its product categories by introducing online platforms Nykaa Fashion, Nykaa Man, and Superstore. Nykaa offers over 4,500 brands and…
NIFTY: The NIFTY opened at 17859.10 without much of a gap. Prices have initially moved up but started drifting downward soon after recording its intraday high at 17880.70. The index has seen a sharp decline, went below 17800, and then saw a relief rally which again found resistance…
View on market: Stay Cautious, be with quality business: Asian markets are set to advance, following a rally on Wall Street as traders position for the U.S. inflation data later in the day that might not be as bad as once feared. The S&P 500 added 1.1% and…
NIFTY: The NIFTY opened at 17847.55 with a gap down of 46 points. The index continued moving lower but found intraday support around 17800 and bounced up. The index recorded its intraday low at 17801 and saw a sharp upside move but soon faced resistance and turned down…