After suffering a brutal selloff in the week before this one, the Nifty spent the truncated week struggling to stay afloat just below the key resistance levels. With just four working days, the Nifty resisted each day to the 200-DMA and failed to close above that point. The trading range got much narrower, and the…
READ MOREAfter staying in the green following a sharp rebound the week before this one, the markets finally succumbed to selling pressure after failing to cross above crucial resistance levels. The Nifty stayed under strong selling pressure over the past five sessions and violated key support levels on the daily charts. The range remained wider on…
READ MOREIndian stock markets showed signs of recovery last week, with the broader indices bouncing in Friday’s session to end the week on a positive note. However, bearish sentiment emerged from alleged fraudulent activities involving the Adani Group, and the negative flow of the FII in the cash segment with second-quarter corporate profits fell short of…
READ MORE1/5 UBS on Indian markets, top sectors to watch out for In this interview with ETMarkets, Gautam Chhaochharia, Head of Global Markets, India at UBS, shares UBSβs nuanced outlook on the Indian market amidst ongoing global and domestic challenges. Despite recent corrections, he notes that valuations remain high, particularly in the small-cap space. UBS favors…
READ MOREOver the past five sessions, the Nifty largely consolidated but did so with a bearish undertone. The Nifty traded in a defined range and closed the week with a modest gain.Importantly, the index also stayed below its crucial resistance points. The volatility also expanded; the India VIX surged higher by 8.68% to 15.90 on a…
READ MORETensions in the middle east and FII outflows hit Indian markets hard as indices corrected over 4% during the week. The decline was broad-based with sectors like auto, banks, infra, and energy witnessing heavy selling pressure. The bearish sentiments in the market resulted in the sharp fall of smallcap stocks as only 14 stocks delivered…
READ MOREIndian markets experienced selling pressure throughout the week amid muted global sentiments and profit taking in overheated segments at higher levels. During the week, about 45 smallcap stocks have delivered double digit weekly returns with four of them offering over 25% returns. Rama Steel Tubes was the top gainer in the smallcap pack with nearly…
READ MOREIndian markets experienced a marginal recovery from the uncertainties arising from concerns about the unwinding of carry trades, driven by the Yen’s rapid appreciation and weak macroeconomic data that fuelled recession fears in the US. However, indices closed the week in red, losing over 1% each. During the week, only 30 smallcap companies offered double-digit…
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