Equity markets pared its initial gains on Thursday after witnessing resistance at higher levels. Analysts said relentless FII selling and elevated India VIX levels are putting pressure on the markets. “We expect the market to consolidate in a broader range as the election polling progresses and the result season nears the end,” said Siddhartha Khemka,…
READ MOREEquity markets declined in a volatile trade on Wednesday. The 30-share Sensex declined 117 points to settle at 72,987 and the broader Nifty dipped 17 points to close at 22,200. Stocks that were in focus include names like Siemens India, which rose 6.33%, Oil India, which jumped 1.98%, and LIC, whose shares increased 6.82% on…
READ MOREWith Dalal Street’s fear gauge India VIX jumping over 60% so far this month to hit a fresh 52-week high of 21.49, Sensex has fallen over 2,000 points in May to make the old saying of ‘Sell in May and go away’ come true once again. FIIs have led the outflow by withdrawing around Rs…
READ MOREβIf trouble comes when you least expect it, then maybe the thing to do is to always expect it.β Cormac McCarthy Considered in a proper historical and comparative perspective, the 30-share Sensex, which breached the 25,000 mark in May 2014 and the 50,000 mark on January 21, 2021, smashed the psychological 75,000 barrier, zooming to…
READ MOREForeign Portfolio Investors (FIIs) have been net sellers in May so far and have sold Indian equities worth Rs 17,083 crore. In 2024 so far, FPIs have off-loaded stocks worth Rs 14,861 crore. Last month, in April, FPIs sold shares worth Rs 8,671 crore. However, in March and February, FPIs were net buyers to the…
READ MOREThe Indian stock market continues to be resilient. Nifty at 22200 is trading at a PE of around 19.5 based on estimated FY25 earnings. The market cap to GDP stands at 126 percent. These valuations are higher than long-term averages. However, the near consensus in the market is that Indiaβs superior growth and earnings potential…
READ MOREDomestic markets closed flat on Wednesday as consistent selling by FIIs, a mixed set of Q4 results, and lower turnout in the election kept investors wary. “We expect the market to consolidate in a broader range amid nervousness surrounding the ongoing Lok Sabha election,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal. Here’s breaking…
READ MORESynopsis It is after a long period of time that on Friday bears are visible in both segments of market, in the broader market like indices like Nifty and Sensex, but also in the broader market breadth. There is no major follow up in today’s trading session, but given the fact valuations are expensive it…
READ MOREIndia’s benchmark indices seesawed to a weak close on Tuesday as stocks gave up early gains in a sharp selloff in the last hour of trading. The Nifty hit an all-time high during the trading session but could not sustain the bullish momentum with traders cutting their bets ahead of the US Federal Reserve’s policy…
READ MORESynopsis After a short rest in the month of March, bulls are back on the street. The good part is that market breadth in every segment of the market has been positive. If one looks at the quarterly results which have come till now, they are largely in line with estimates and expectations of the…
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