Daily Report

The stock and sector specific rally may take a halt at least in the form of consolidation or some profit booking in the Indian stock markets. Thursday’s session closed full despite weekly expiry as investors remained cautious of any further upside. The reason being extended lockdown, doubts about faster economic recovery and rising coronavirus cases.

First time in last five sessions,Bears won against the Bulls in a choppy session where benchmark indices snapped a 5-day winning streak. Volatility continued in the markets, where the benchmark indices initially surged led by Bank Nifty, specifically by IndusIndBank. However, prevailing weakness in Reliance Industries and a sudden retreat in Bank Nifty

Indian markets witnessed yet another gradual upbeat but with tremendous intraday volatility. Indian benchmark indices started off on a positive note but reversed from near previous high amid profit booking in heavy weights Reliance and HDFC Bank which dragged Bank Nifty too. However, IT kept the markets buoyant with a second consecutive day

Indian benchmark indices posted their fourth consecutive upbeat on Monday continuing with gradual upside rally. Lower levels of rising cases and hopes on vaccination research and slight economic revival continued to boost the global indices and India. Moreover, settling of tensions between India and China too boosted the sentiments.Highest weight Reliance continued to surge

ndian benchmark indices continued the positive trend following the upbeat economic data in the countries across the globe which could offset the tensions of second wave of pandemic and related lock down. Further, the optimism of Covid-19 vaccine which has shown positive results in its nascent stage.Thereby, our Indian markets soared into another terrain

Indian benchmark indices closed higher on Wednesday following the upbeat economic data across the globe which could offset the tensions of second wave of pandemic and related lockdown. Moreover, higher GST collection and strong PMI numbers fueled optimism in the domestic markets where the Nifty and Sensex breached their sentimental resistance levels

The stock driven markets majorly followed the footsteps of Reliance Industries which opened with intraday gap up and witnessed range bound volatility followed by a sharp fall in the late afternoon session. Reliance’s acquisition of retail business of the Future Group led to the volatility. Further weak global cues and spreading of pandemic dragged the sentiments.

Indian benchmark indices continued to consolidate keeping the range bound volatility intact. With the probability of second wave of pandemic on one side and a steady economic recovery amid uplifted lockdown on the other side, led to volatility in the markets where investors stayed cautious. Yet, strong  global cues from China with PMI Numbers reaching multi month high.

Indian benchmark indices witnessed profit booking after hitting their sentimental resistance levels. Weak global cues amid continued rising coronavirus cases post lifting of lockdown too dragged the markets down which is expected to continue further. Fear of re–lockdown has grabbed the indices across globe where US markets witnessed their biggest single day loss in nearly two weeks.