Nifty likely to remain under pressure; telecom, bank stocks to be in focus

    The Indian market is likely to experience weakness on February 17 in the wake of the Supreme Court’s move on AGR, while coronavirus’ impact on the global economic growth remains an overhang. Asian shares stepped back from three-week highs on Monday as investors weighed the near-term hit on global growth from a fast-spreading coronavirus outbreak…

    Supreme Court raps telcos for not paying up; Sensex falls below 50-DMA

    Falling below their 50-day moving average, the Indian equity benchmarks -Sensex and Nifty – closed in the red on February 14 as investor sentiment weakened further after the Supreme Court ordered telecom players to clear their dues to the government by March 17. India’s top court on February 14 asked the top telecom firms to…

    Nifty slips below 12,200 weighed down by macro data, Coronavirus fears

    Indian market consolidated in a narrow range on February 13 weighed down by weak macro cues on the domestic front as well as escalating fears with respect to Coronavirus. On the global front, a sharp rise in the number of coronavirus deaths and infections unnerved world markets on Thursday. On the domestic front, CPI inflation…

    Indices rally for 2nd day in a row; Nifty50 reclaims 12,200 levels

    Indian market rallied for the second day in a row on February 12 which helped Nifty50 reclaim its crucial resistance level of 12,200 to close at a 3-week high. The S&P BSE Sensex rallied over 300 points. Let’s look at the final tally on D-Street – the S&P BSE Sensex rose 349 points to 41,565…

    AAP sweeps Delhi Assembly Election; Nifty closes above 12,100

    Bulls remained in control throughout the session on Tuesday pushing Sensex and Nifty50 above crucial resistance levels. The S&P BSE Sensex reclaimed 41,000, while the Nifty50 settled above 12100 levels. On the political front, Arvind Kejriwal-led Aam Aadmi Party (AAP) returned to power with 63 seats ahead of BJP which claimed 7 seats. Positive global cues helped…

    Coronavirus concerns weigh on D-St; Nifty falls for 2nd day, but holds 12K

    Indian market consolidated for the second day in a row on February 10 largely weighed by concerns around Coronavirus. The Nifty50 bounced back after hitting crucial support near 12,000 while the S&P BSE Sensex closed below 41,000. Let’s look at the final tally on D-Street on February 10 – the S&P BSE Sensex fell 162 points…

    Indices break the 4-day winning streak; Nifty ends below 12,100

    Indian market consolidated after 4-days of fierce gains which pushed benchmark indices above crucial resistance levels. The Sensex reclaimed 41,000 while Nifty50 also climbed above Mount 12K. After falling about 5 percent or 587 points including the Budget Day losses in the week gone, Nifty50 managed to recover 437 points in this week. Let’s look…

    accommodative stance, liquidity measure boost sentiment; Nifty above 12,100

    Indian market gained momentum after the Monetary Policy Committee (MPC) kept rates stable at 5.15 percent on expected lines on Thursday, but incentivizing credit flow (retail loans) to certain stressed sectors like Auto, housing and MSMEs, by exempting them from CRR on incremental credit to these sectors till July 2020 boosted sentiment. The S&P BSE…

    Sensex back above 41k, Nifty reclaims 12,000; time to buy?

    Indian market rallied on January 5 for the third consecutive day post the Budget day fall. Benchmark indices reached above their crucial resistance levels. The S&P BSE Sensex is back above 41,000 while Nifty50 reclaimed 12,000 levels. Let’s look at the final tally on D-Street on January 5 – the S&P BSE Sensex rose 353…