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GDP growth trends lower in Q1 due to pre-GST jitters

“GDP growth for the first quarter ended June 2017 came in at 5.7%, while the GVA grew at 5.6%. Gross Value Added (GVA) represents GDP growth without the impact of indirect taxes and subsidies, giving a better picture of actual economic activity. GVA growth of 5.6% is sharply lower than estimates which pegged the Q1 growth closer to 6.5% and ... Read More »

Market lacking clear direction, keep focusing on individual stocks

“Markets surprised everyone for the second straight day as we saw a gap up opening immediately after taking a heavy knock on Tuesday due to geopolitical concerns. It has been a remarkable comeback from our benchmark indices as we saw complete negation of yesterday’s pessimism. Eventually, the Nifty managed to recover smartly to conclude tad below the 9900 mark. These ... Read More »

9840 – 9860 to act as immediate hurdle now

“Once again, the mounting geopolitical concerns spooked our markets as we witnessed a gap down opening with a cut of nearly three tenths of a percent. Subsequently, there was no respite as we saw markets tumbling throughout the remaining part of the day to eventually conclude tad below the 9800 mark.   Due to last couple of weeks’ price action, we saw ... Read More »

9948 – 9850 would be the immediate range

“Trading for the week began on a positive note on hopes of cooling down some tensions in Doklam. Subsequently, we saw range bound trade with a positive bias throughout the remaining part of the day. Eventually, the Nifty managed to reclaim the 9900 mark on a closing basis.   Clearly, the interest in trader’s community has shifted back to the ... Read More »

Market to consolidate for a while but bias could be negative

“Overall it’s been a week of consolidation for our markets as we saw Nifty gyrating in a thin band of 144 points throughout the week. Eventually, the index managed to reclaim the 9850 mark on weekly basis, courtesy to smart recovery on Wednesday.   If we summarize the overall price development in last couple of weeks, it seems the index ... Read More »

Intraday resistance now shifted lower to 9830

“Today, we witnessed a gap up opening in our markets which was mainly a rub off effect of the cheerful mood seen in the Hong Kong (HANG SENG) bourses. However, post this, the Indian market had their own existence and hence, the opening cues were not reflected during day’s course of action.    Now, if we look at the intraday ... Read More »

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 »

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