Daily Report

[vc_row][vc_column][vc_column_text]Indian market bulls kept going with cautious baby steps for the 6th consecutive day withstanding a tough fight from the Bears. Banks specifically private banks, NBFCs supported the markets while heavy weight Reliance Industries bounced back sharply in the second half pulling the markets up. Apart from this, Media specifically ZEEL and Metal sector too contributed[/vc_column_text][spacing desktop_height=”40″ mobile_height=”40″ smobile_height=”40″][buttons text=”View Report PDF” icon_type=”typicons” icon_left_padding=”25px” link_url=”https://www.mangalkeshav.com/research-reports/wp-content/uploads/2020/08/Daily-Commentary-12-August.pdf” font_family=”Raleway” icon_typicons=”typcn typcn-document-text”][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]Indian benchmark indices started off with a gap up opening and ended on a positive note during Monday’s trading session.Tracking gains from defense engineering stocks which led the markets into the green after the Defense Ministry declared a defense equipment“imports ban”, the Indian indices were also buoyed by positive global market cues. ……………………[/vc_column_text][spacing desktop_height=”40″ mobile_height=”40″ smobile_height=”40″][buttons text=”View Report PDF” icon_type=”typicons” icon_left_padding=”25px” link_url=”https://www.mangalkeshav.com/research-reports/wp-content/uploads/2020/08/Daily-Commentary-11-August.pdf” font_family=”Raleway” icon_typicons=”typcn typcn-document-text”][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]Indian benchmark indices traded with a positive bias on Thursday after witnessing profit booking in the prior session. Though RBI kept the rates unchanged, its measures and guidance buoyed market sentiments. RBI allowed one time corporate loan restructuring for NBFCs and corporate debt market and also relaxed loan-to-ratio value from 75% to 90% on gold loans……[/vc_column_text][spacing desktop_height=”40″ mobile_height=”40″ smobile_height=”40″][buttons text=”View Report PDF” icon_type=”typicons” icon_left_padding=”25px” link_url=”https://www.mangalkeshav.com/research-reports/wp-content/uploads/2020/08/Daily-Commentary-07-August.pdf” font_family=”Raleway” icon_typicons=”typcn typcn-document-text”][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]Indian benchmark indices opened with a gap-up but gave up all intraday gains to finally close flat. Strong global cues lifted the markets at the beginning but profit taking in heavy weights and cautiousness ahead of RBI policy review due on August 06, dragged the markets down to close flat. More than the rate announcement, moratorium and guidance drive the markets[/vc_column_text][spacing desktop_height=”40″ mobile_height=”40″ smobile_height=”40″][buttons text=”View Report PDF” icon_type=”typicons” icon_left_padding=”25px” link_url=”https://www.mangalkeshav.com/research-reports/wp-content/uploads/2020/08/Daily-Commentary-06-August.pdf” font_family=”Raleway” icon_typicons=”typcn typcn-document-text”][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]Indian benchmark indices witnessed short covering snapping four consecutive days losing streak and closed in the green driven by upsurge in heavyweight stocks Reliance Industries, HDFC, HDFC BANK and ICICI BANK. On the sector specific front,apart from banks and energy, auto stocks posted gains after favorable July sales reports. Moreover, strong global cues…..[/vc_column_text][spacing desktop_height=”40″ mobile_height=”40″ smobile_height=”40″][buttons text=”View Report PDF” icon_type=”typicons” icon_left_padding=”25px” link_url=”https://www.mangalkeshav.com/research-reports/wp-content/uploads/2020/08/Daily-Commentary-05-August.pdf” font_family=”Raleway” icon_typicons=”typcn typcn-document-text”][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]During the first trading session of the month, our benchmark indices seemed to continue their bear run tracking global cues where hesitation in finalizing the stimulus package by US lawmakers dragged global markets. On the domestic front, prime index weightage stock – Reliance also lent negativity in our indices while Bank Nifty witnessed profit taken a head of RBI.. [/vc_column_text][spacing desktop_height=”40″ mobile_height=”40″ smobile_height=”40″][buttons text=”View Report PDF” icon_type=”typicons” icon_left_padding=”25px” link_url=”https://www.mangalkeshav.com/research-reports/wp-content/uploads/2020/08/Daily-Commentary-04-August.pdf” font_family=”Raleway” icon_typicons=”typcn typcn-document-text”][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]Indian benchmark indices opened on a positive note, trailed at day’s highs till the afternoon session followed by a sharp fall in the second half to close in the red. Weak global cues amid rising coronavirus cases worldwide,led to a sharp fall on the July F&O expiry day. Initially,markets could sustain the optimism with a bounce in Reliance ahead [/vc_column_text][spacing desktop_height=”40″ mobile_height=”40″ smobile_height=”40″][buttons text=”View Report PDF” icon_type=”typicons” icon_left_padding=”25px” link_url=”https://www.mangalkeshav.com/research-reports/wp-content/uploads/2020/07/Daily-Commentary-31-July.pdf” font_family=”Raleway” icon_typicons=”typcn typcn-document-text”][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]No sooner did the bulls attempt a high jump in benchmark indices, the bears entered the fray with a bang on Wednesday. Markets witnessed a negative opening but were lifted by Bank Nifty in the first hour itself. However, profit booking in IT sector stocks and heavy weight Reliance Industries dragged the markets down again to close in red with % loss[/vc_column_text][spacing desktop_height=”40″ mobile_height=”40″ smobile_height=”40″][buttons text=”View Report PDF” icon_type=”typicons” icon_left_padding=”25px” link_url=”https://www.mangalkeshav.com/research-reports/wp-content/uploads/2020/07/Daily-Commentary-30-July.pdf” font_family=”Raleway” icon_typicons=”typcn typcn-document-text”][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]Our benchmark indices opened on a positive note on Tuesday tracking positive global cues ahead of the FED meet and optimism of a US stimulus package which pushed Asian emerging markets into the green.Thereby, our markets witnessed breakout in the consolidation trend of the last five consecutive trading sessions. Sectorwise, barring Media closed negative 0.20%[/vc_column_text][spacing desktop_height=”40″ mobile_height=”40″ smobile_height=”40″][buttons text=”View Report PDF” icon_type=”typicons” icon_left_padding=”25px” link_url=”https://www.mangalkeshav.com/research-reports/wp-content/uploads/2020/07/Daily-Commentary-29-July.pdf” font_family=”Raleway” icon_typicons=”typcn typcn-document-text”][/vc_column][/vc_row]