Daily Report

The bulls struggled at higher territory in the Indian stock markets where the benchmark indices closed flat to positive led by certain front line stocks specifically HCLTECH,TECHM and ZEEL while near term correction was witnessed in heavyweight Reliance which muted in the market.Barring Energy and FMCG which gave negative closing,all other sectors closed in the green

Indian benchmark indices opened with a gap-up following the rise in Asian peers. Asian markets rose following US futures on hopes of coronavirus vaccine outcome before the US elections scheduled on November 03. Moreover, the gap-up opening in Bank Nifty amid cheering HDFC Bank quarterly earnings which too justified the rise in the markets

Indian benchmark indices witnessed massive sell off after opening higheron Thursday. Tracking weakness from global cues amid dim-light of US stimulus package hopes and fears over European resurgence of Covid-19 cases led to negativity in the markets. Thereby, all front line stock retreated from their higher territory and closed in the red zone

Yet another lull day on the D-street. Struggle between the Bulls and the Bears continued in the Indian stock markets where benchmark indices closed flat to positive led by a tug of war between the rising IT stocks and profit booking witnessed in the banking sector. In fact barring IT and Metal all sectors closed in red where NBFCs and Pharma followed the Banks….

Our benchmark indices witnessed slight selling pressure after a gap up opening led by profit booking in Banks, specifically PSU Banks. However, ongoing rally in the IT sector refrained the benchmark indices from uninterrupted fall. Cautiousness ahead of the moratorium stays intact in the Nifty, yet Bulls not ready to give up……………view pdf

Yet another spurt in IT giants after the giant TCS posted better than expected results that led the gap up opening in Indian benchmark indices. Moreover, banks too continued upsurge ahead of the RBI policy meeting during the week where RBI is expected to maintain the accommodative stance though it would keep the rates unchanged. Pharma too supported the markets

It was a fifth consecutive upbeat for the benchmark indices, all thanks to a spurt in the giant Reliance Industries. The retail arm of RIL, Reliance Retail Venture secured investment from the sovereign wealth fund Mubadala, with which the stock surged up to 4.5% on Wednesday. Rest of the day went in consolidation at the top levels. Continued rally in the Auto sector & IT

Our Indian benchmark indices started off Tuesday’s trading session on a positive note tracking global cues markets after the US president was discharged from hospital following his Covid-19 treatment. More positive news surrounded the optimism of an additional US stimulus package. On the domestic front,banking and financial services stocks boosted the Bank Nifty index.

Indian benchmark indices posted their third consecutive upbeat on Monday ahead of TCS results and buyback consideration on Oct 7. Most IT giants were up with TCS and Wipro gaining more than 7% each & TCS posting new record closing. On the domestic front,Supreme Court postponed the moratorium hearing to Oct 13 which dragged the sentiments & Nifty gave intraday correction.