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Market Perspective

Market Perspective

The Indian equity benchmarks closed up 899.62 points on Friday
Updated : Mar 05, 2023

Market this week: From bank credit growth to US Fed statement, factors that may drive Nifty, Sensex

Investors will also be eyeing the industrial production data measured in the Index of Industrial Production (IIP) for January, which is scheduled to be released on March 10.

Benchmark Sensex tanked 927 points on Wednesday due to an intense selling in heavyweight stocks triggered by geopolitical and inflation concerns
Updated : Feb 22, 2023

Adani impact? UK overtakes India as world’s sixth-biggest equity market after 9 months, says report

India’s equity market is facing a double whammy of a weaker rupee and the massive fallout of the stock rout being witnessed by Adani Group firms due to Hindenburg's report

Nithin Kamath also said extending trading hours could be counter-productive in the long-term
Updated : Feb 20, 2023

'Can affect life outside trading': Zerodha's Nithin Kamath on pitfalls of extended trading hours for F&O

'While it (extending market houyrs) could boost revenues for the capital markets business in the short term, I'm unsure if retail investors will end up doing better,' tweets Nithin Kamath

Nifty hovered above a sloping trend line and attempted to transcend the sturdy hurdle of the 18,000 mark after two weeks of consolidation.
Updated : Feb 20, 2023

SGX Nifty rises 27 points: Asian markets, oil prices, dollar movement, FPI flows & more

Nifty futures on the Singapore Exchange traded 26.50 points, or 0.15 per cent, higher at 17,963.50, hinting at a positive start for the domestic market on Monday.

As many as 26 stocks in the Nifty 50 index delivered a positive return for investors in the week ending February 17, 2023.
Updated : Feb 18, 2023

Weekly Market Wrap: Dalal Street remained in consolidation phase this amid higher-than-expected inflation

The unfavourable combination of higher-than-expected inflation and a stronger job market in the US market dragged markets lower towards the end of the week, raising concerns about tighter monetary policy.

Nifty’s trend deciding level would be 18,000.  The breakout will confirm the completion of the long corrective phase, said Sameet Chavan of Angel One. He expects sentiment to improve post the breakout.
Updated : Feb 13, 2023

SGX Nifty down 42 points: Asian markets, dollar movement, Q3 earnings, FPI flows & more

Nifty futures on the Singapore Exchange quoted 42 points, or 0.23 per cent, down at 17,835, hinting at a negative start for the domestic market on Monday.

Mobius said India has immense potential and that that any market volatility would be short-lived. (Photo: Reuters)
Updated : Feb 07, 2023

Mark Mobius unfazed by Adani-Hindenburg row, stays bullish on India

Mobius said his rule of thumb is to go for companies with very low or zero debt. In a tweet, Mobius said he was confident about Indian stock market.

Nifty may stay volatile in the short-term. There is a possibility of it retesting the crucial resistance of 17,800 level in the near term, said an analyst.
Updated : Feb 02, 2023

SGX Nifty down 66 points: Asian markets, dollar movement, Q3 earnings, FPI flows & more

Nifty futures on the Singapore Exchange quoted 65.5 points, or 0.37 per cent down at 17,634.50, hinting at a negative start for the domestic market on Thursday.

Equities attract 10 per cent LTCG tax, without indexation. For debt mutual funds and real estate, long-term capital gains are taxed at 20 per cent with indexation, analysts noted.
Updated : Feb 01, 2023

Will FM Sitharaman tweak LTCG tax rate or holding period for stocks today?

FM Sitharaman could take steps towards rationalising LTCG tax on equities to make it homogenous across asset classes including debt and property, analysts said.

After showing a sharp weakness in the last couple of sessions, Nifty witnessed high volatility on Monday. The NSE barometer settled the day with 44 points gain.
Updated : Jan 31, 2023

SGX Nifty up 68 points: Asian markets, dollar movement, Q3 earnings, FPI flows & more

Nifty futures on the Singapore Exchange quoted 68 points, or 0.38 per cent, higher at 17,773, hinting at a positive start for the domestic market on Tuesday.

A major sell-off in Adani group stocks was triggered after a report from Hindenburg Research dampened the market sentiments.
Updated : Jan 28, 2023

Market Wrap: Market sees huge dip ahead of Fed meet and Union Budget 2023. What's in store for next week

On Friday, Indian stock indices plummeted sharply during the day's trade largely due to a significant decline in banking, financial, metal, and oil and gas indices.

Nifty on the weekly chart is placed in a broader range of 18,200-17,800 levels for the past four weeks, said an analyst. 
Updated : Jan 25, 2023

SGX Nifty down 35 points: Asian markets, dollar movement, Q3 earnings, FPI flows & more

Nifty futures on the Singapore Exchange quoted 35 points, or 0.19 per cent, higher at 18,169.50, hinting at a lower start for the domestic market on Wednesday. 

Nifty remained sideways during the week as the benchmark index failed to provide any directional movement and the sentiment remains indecisive, said an analyst.
Updated : Jan 23, 2023

SGX Nifty up 83 points: Asian markets, dollar movement, Q3 earnings, FPI flows & more

Nifty futures on the Singapore Exchange quoted 83 points, or 0.46 per cent, up at 18,127.50, hinting at a positive start for the domestic market on Monday.

Nifty has given a bullish breakout recently from a base triangle pattern formation and it witnessed a brief consolidation, which has resulted in an Inside bar pattern on the daily chart, said an analyst.
Updated : Jan 20, 2023

SGX Nifty up 22 points: Asian markets, crude movement, Q3 earnings, FPI flows & more

Nifty futures on the Singapore Exchange quoted 22 points, or 0.12 per cent up at 18,135.50, hinting at a flat start for the domestic market on Friday.

Asian Paints may see profit falling 7 per cent YoY to Rs 944.80 crore from Rs 1,015.70 crore in the year-ago quarter, said, Kotak Institutional Equities.
Updated : Jan 19, 2023

HUL, Asian Paints, Mphasis, PVR to announce Q3 results; HCL Tech shares to go ex-dividend

Hindustan Unilever may report a 12.3 per cent YoY jump in net profit at Rs 2,519.20 crore, said ICICI Securities. It sees sales for the FMCG giant rising 12.6 per cent, largely led by pricing growth.

Nifty50 is trading in a very narrow range from 18,300 to 17,800 levels since past four weeks. The present scenario for traders has become very difficult, said an analyst.
Updated : Jan 17, 2023

SGX Nifty rises 23 points: Asian markets, dollar movement, Q3 earnings, FPI flows & more

Nifty futures on the Singapore Exchange quoted 23 points, or 0.13 per cent up at 17,968 hinting at a positive start for the domestic market on Tuesday.

Nifty remained volatile throughout Thursday’s session, with mostly a bearish bias, as it closed below the crucial short-term moving average (50 EMA), said an analyst. 
Updated : Jan 13, 2023

SGX Nifty up 43 points: Asian markets, dollar movement, Q3 earnings, FPI flows & more

Nifty futures on the Singapore Exchange quoted 43 points, or 0.24 per cent up at 17,961, hinting at a positive start for the domestic market on Friday. 

Nifty has repeatedly tested the support of 17,800 level by forming lower highs. The market action of the last 2-3 weeks suggested a formation of Triangle-type pattern, said analysts.
Updated : Jan 12, 2023

SGX Nifty up 49 points: Asian markets, dollar movement, Q3 earnings, FPI flows & more

Nifty futures on the Singapore Exchange quoted 49 points, or 0.027 per cent up at 17,999, hinting at a positive start for the domestic market on Thursday.

Nifty can see levels of 18,200-18,260 on the higher side while the level of 18,000 will act as an immediate support, said a technical analyst.
Updated : Jan 10, 2023

SGX Nifty down 22 points: Asian markets, dollar movement, Q3 earnings, FPI flows & more

Nifty futures on the Singapore Exchange quoted 22.5 points, or 0.12 per cent, lower at 18,150.50, hinting at a muted start for the domestic market on Tuesday.

Asian shares rallied on Monday as hopes for less aggressive US rate hikes and the opening of China's borders bolstered the outlook for the global economy
Updated : Jan 09, 2023

SGX Nifty up 127 points: Asian markets, dollar movement, Q3 earnings, FPI flows & more

Nifty futures on the Singapore Exchange quoted 127.5 points, or 0.71 per cent lower at 18,086.50, hinting at a strong start for the domestic market on Monday

Nifty’s weekly chart suggested that the index is getting support near the 20-WMA, said Gaurav Ratnaparkhi of Sharekhan. Multiple technical parameters suggested strong support for the index at 17,800.
Updated : Jan 06, 2023

SGX Nifty sheds 24 points: Asian markets, dollar movement, FPI flow trend & more

Nifty futures on the Singapore Exchange quoted 24 points, or 0.13 per cent lower at 18,041, hinting at a muted start for the domestic market on Friday.