Weekly Report

Indian benchmark indices continued gradual upside hitting new records in the last week too but with too much bull-bear hustle. Positive opening followed by a correction and a bounce back was witnessed almost on all sessions of the week. Cautiousness ahead of the US stimulus package and post-Brexit concerns. Meanwhile rising corona virus threat and lockdown……..

Indian benchmark indices maintained their gradual upbeat followed by a consolidation at the record high levels with the newer Covid-19 vaccine updates and weaker than expected jobs data cuing stimulus package announcement by the US government. On the domestic front, fresh buying in heavy weight Reliance Industries on the news of launch of 5G in the second half…….

Indian benchmark indices continued with their buoyant move in the past week and maintained the record closure after a breather in the week prior. Pfizer-BioNTech’s Covid-19 vaccine was approved for use in the upcoming week in the UK which kept the global markets elevated. On the domestic front, auto sales numbers boosted investor sentiments……………………

After experiencing lifetime highs, our indices were buoyed on at the higher territory in the past week. Amidst global indices trading mixed for the entire week, wherein profit booking was witnessed in global equities against uncertainties of the global economic growth and persistent concerns over increasing Covid19 nos. which caused cautiousness in global markets.

Indian benchmark indices consolidated for the whole week keeping the intraday volatility intact ahead of lack of clarity or cautiousness on the outcome of upcoming events. Lack of clarity on the stimulus package in the US and cautiousness ahead of the US elections scheduled Nov 03 led the hustle in the markets across the world…………………………view pdf

Indian stock markets were off their recent highs where a sharp decline followed consolidation at the top. Weak global cues amid blurring stimulus package hopes from the world’s largest economy and rising Covid19 cases to new records led to a sharp fall on the weekly expiry. Moreover,on the domestic front profit booking in IT giants which had cushioned the markets at the top

Indian stock market bulls retained their strength in the last week breaching all the psychological resistance barriers, overcoming the volatility on the first day of the week.Spurt in the IT giants ahead of the TCS results on the one hand, while, drag down banks on postponement of moratorium led to the volatility. However, continued optimism in the IT sector..

Last week came in as a saviour for the Indian stock market Bulls after the sharp fall on the September derivatives expiry day. Indian benchmark indices followed US major indices which surged with the hope of stimulus package announcement and the ongoing election campaign, until US posted weak jobs data, factory activity and income numbers

Indian benchmark indices witnessed range-bound volatility for the entire week amid profit taking in certain front line stocks following the announcement of revised limits on Multi Cap MF by SEBI, weakness macro-economic data on CPI numbers and persisting geopolitical tensions between India and China. On sectoral front, the upward tred continued in the pharma sector