Daily Report

Our benchmark indices opened mildly positive and traded range bound till noon on Wednesday, tracking global cues which also traded with a mixed trend. But in the afternoon session, our markets were led northward by front line giant-Reliance which witnessed short covering closing with a gain of 2.48% ahead of the monthly contract expiry and two wheeler stocks.

Our benchmark index-Nifty,opened with a gap-up following record closure in US major indices and positive opening in Asian bourses. The upside was driven by vaccine development hopes and advanced treatments against covid19. Moreover, China’s support towards US to continue taking ahead the phase I of US-China trade deal too brought optimism in the markets across globe

As anticipated, Indian benchmark indices opened on a positive note following record high closing in the US major indices on Friday. US stocks hit new highs amid economy and business activities hitting new highs since early 2019 depicted by revival in Manufacturing and Service PMIs. Hopes of availability of Covid-19 vaccines by the end of the calendar year ……..

Our Indian benchmark indices ended on a negative note on Thursday after a gap down opening,tracking global cues where in selling pressure began after US Fed’s cautiousness concerns over macroeconomic growth.But our indices witnessed as roller coaster ride at lower levels with sectors like Energy,Media and Metal sended in the green by 1.58%,3.1% & 1% respectively.

Indian benchmark indices witnessed a breather after a sharp breakout in the previous session with lack of external trigger to direct the markets. Moreover, global indices remained mixed at higher levels which halted the positive sentiments across the global indices. Investors are trapped between Bulls attempting further surge while Bears dragging……….view pdf

Indian benchmark indices hit multi month high levels since the end of February 2020 withstanding the mixed global cues. Strength in banks and NBFCs led the move. Moreover, cements followed by top three heavyweights closing above 1% each led the up move in the indices which too closed more than a percent up. Barring Pharma, all sectors closed in green……view pdf

Indian benchmark indices started off Monday’s session on a positive note but witnessed a decline in the first hour itself followed by a bounce and a range bound volatility. Weak closure in the US markets on Friday amid subdued macroeconomic numbers and mixed Asian bourses on Monday led the Indian markets in doldrums. Fresh Chinese stimulus on one hand…..view pdf

Indian Benchmark indices started off on a positive note but ended flat on Thursday with weakness showing following the negative opening in European which indicated profit taking at the near term higher territory in our market. On the domestic front, Auto & ancillaries stocks, Metal and Media led the upward drive finally closing in the green by about 1.5%……….

Indian benchmark indices posted one more lull day with range bound volatility. Indices started off on negative note driven by intraday gap-down opening in the giant Reliance Industries. However, Banks specifically PSU Banks cushioned the markets and lifted the indices upwards to fill the intraday gap. Apart from PSU Bank index, Media and Auto too surged more than 2%