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 MOREDomestic markets continued on their recovery path, aided by a moderation in Indiaβs CPI inflation and favourable signals from its Asian peers. “Volatility and range-bound trading are likely to persist in the near term, given the ongoing uncertainty surrounding the low turnout,” said Vinod Nair, Head of Research, Geojit Financial Services. Here’s breaking down the…
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 MOREDomestic markets had a muted end to the last week on cautious sentiments among investors. In today’s trade, markets will react to US employment data and fourth quarter results of Dmart and Kotak Bank. “We expect the market to consolidate in a broader range and base to gradually shift higher,” said Siddhartha Khemka, Head –…
READ MOREDomestic markets rose modestly on Thursday as the US Federal Reserve left interest rates unchanged. From a technical standpoint, the index on a daily scale has formed a bullish candle but traded in a narrow range throughout the day. “On the higher side 22,780-22,800 will act as a strong hurdle for the index in the…
READ MOREDomestic equities ended a positive last week by snapping a five-day winning streak on Friday amid profit booking and mixed global cues. “We expect market momentum to resume with a focus on stock-specific action due to the ongoing result season and sector rotation at play,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal. Here’s…
READ MOREDomestic markets continued their winning run for the fifth day in a row on Thursday, driven by strong global cues. βInvestors placed more bullish bets on the monthly F&O expiry day, which saw benchmark indices rally for the fifth straight session led by gains in frontline banking and metal stocks. Even the fall in other…
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