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Saturday , 19 August 2017
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stock market

9940 remains to be a sturdy wall

“Today, despite having muted cues from the global peers, our markets started the session on a positive note. This was mainly on the back of a strong opening from the IT giant Infosys, post its buyback announcement. However, despite this, there was no other trigger for such strong opening and hence, we got to see a perfect instance of how ... Read More »

Stock Markets end their 5-day losing streak

After falling in 5 consecutive sessions, the stock markets in India today managed to get itself out of the bear hug. With the global scenario improving, investors have again started exploring low-level buying opportunities. This was evident today, as both BSE Sensex and Nifty broke their 5-day losing streak. The BSE Sensex registered its biggest daily gain in this month, ... Read More »

WPI Inflation comes in higher for the month of July

“The Wholesale Price Index (WPI) inflation for the month of July 2017 came in at 1.88%. This marks a sharp increase from the 0.90% WPI inflation reported in the month of June 2017. However, the cumulative WPI inflation for the first 4 months of 2017, at 0.62%, is sharply lower than the 3.81% reported in the corresponding period last year. ... Read More »

Nifty to face resistance at 9820 – 9852

  “Trading for the week began on a cheerful note owing to favorable cues from the global peers. Subsequently, we saw extension of this early morning gains to eventually end the session by adding 0.86% to the bull’s kitty.     Last week, we saw Nifty falling by nearly 400 points from its weekly high and hence, the market seemed ... Read More »

Nifty to test 9600 soon

  “Today’s gap down opening was a typical reaction when market enters early stages of correction. It was backed by the negative news flow on the global front and also domestically, the earnings have been disappointing from the leading conglomerates. Despite some recovery in the first half, the Nifty eventually closed tad above the 9700 mark with a cut of more than ... Read More »

Market surprises just started, stay light

“Today once again, our markets opened lower owing to weak cues from the Asian peers. Subsequently, the index consolidated for a while; but, a massive sell off in the latter half dragged the Nifty even below the 9800 mark. A modest recovery toward the fag end trimmed some portion of losses to conclude the session with a cut of 0.89% ... Read More »

Avoid longs, 9960 – 9990 to act as a stiff hurdle

“Yesterday’s strong corrective move was followed by a gap down opening in our market on the back of mounting geopolitical concerns between US and North Korea. Our markets remained under pressure for the major part of the session and in the process, have managed to sneak towards the 9900 mark.   With reference to earlier article, some of the technical ... Read More »

Profit booking move likely to extend

“Our markets had a soft opening today on the back of sluggish cues from the global peers. However, all of a sudden, we witnessed a sharp correction in our market after the initial 15-20 minutes of trading. The Nifty tumbled more than 100 points within a blink of an eye, which certainly is a notable development. Despite some attempt to ... Read More »

Market slipped into a consolidation mode, keep focusing on individual stocks

“Despite favorable cues from the global bourses, our markets opened on a muted note and then consolidated for the remaining part of the day. The Nifty oscillated within a very small range of 42 points; whereas, the broader market participation was immense throughout the day.   Today’s lackluster movement was no surprise to us as we have been mentioning the ... Read More »

Tug of war near record highs, focus on individual stocks

“After taking a breather for couple of days post the RBI policy, our markets started proceedings on a muted note. In the first half, we witnessed trading with a mildly negative bias; but, a strong broad based buying interest in the latter half pulled the index higher to reclaim the 10050 mark on a weekly closing basis.   If we ... Read More »

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