Indian stock market traded volatile in the first week of the new financial year but managed to end on a positive note. Weak global cues continue to weigh on the sentiment however, buying in select heavyweights across sectors not only capped the damage but also helped the index to closeRead More →
The March clampdown led the broad Midcap and Smallcap indexes to a total fall of -8% and -13%, respectively, from the intraday high to low between 5th to 14th of March. Following the low point reached last Thursday, the market has rebounded, experiencing a gain of around 5% to 7%Read More →
The domestic equity benchmarks witnessed a volatile week but extended their winning streak for a fourth consecutive week to hit new all-time highs –the best such streak in three months. The frontline indices Sensex and Nifty 50 hit fresh record highs in the previous session at 22,525.65 and 74,245.17 respectivelyRead More →
Domestic equity benchmarks BSE Sensex and Nifty 50 logged weekly losses but ended the week higher supported by banks. On the sectoral front, indices gave a mixed performance with PSU bank rising the most becoming the top performer and the FMCG sector declined the most. Markets traded lackluster in aRead More →
Domestic equity benchmarks reported their longest weekly winning streak in three years, as they rallied to record high levels on the back of strong macroeconomic data, a drop in oil prices and the hawkish rate pause by the Reserve Bank of India (RBI). Frontline indices gained for sixth straight weekRead More →
Last week, the domestic market traded in a narrow bracket of 19,350 to 19,450, after a mild gap up, and straggled to cross 19,500. Following the Diwali holiday, the market commenced the current week with a substantial gap up, surging notably beyond 19,600. The week concluded with the market closingRead More →
The Indian rupee traded flat against the US dollar on Friday as the Reserve Bank of India (RBI) likely stepped in to prevent the local unit from sliding towards its lifetime low. The rupee was trading around 83.23, barely changed from its close at 83.2425 in the previous session. TheRead More →
Domestic equity benchmarks Sensex and Nifty settled higher in the previous session after the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained a status quo on repo rates and policy stance, in line with Street expectations. The central bank also retained its policy stance as theRead More →
Domestic benchmark indices Sensex and Nifty hit their fresh record highs this week with frontline index Nifty50 breaching the psychological 20,000-mark on the back of strong macroeconomic indicators such as lower consumer price index (CPI) print, demand optimism in China, and hints of a pause in rate hike by theRead More →
Despite the US 10-year bond yield surpassing 4.3 per cent, the dollar index reaching above 50, and Brent crude trading at over $90, the Indian market displayed remarkable resilience last week. Frontline indices Sensex and Nifty settled higher for the sixth consecutive session on Friday, despite a cautious global market.Read More →
