Since June 4th, the national market has been thriving on a strong foundation. The formation of a stable government and high expectations for the upcoming budget have been key drivers for this rally. Optimism may have grown further when the final budget date was extended to July 22nd, allowing for the preparation of comprehensive amendments. … Read more
The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,180 level, a premium of nearly 85 points from the Nifty futures’ previous close. On Thursday, the domestic equity indices registered fresh closing highs, with the Nifty 50 seeing June F&O series record expiry … Read more
Asian markets traded mostly lower while the US stocks ended mixed overnight with a rally in technology stocks. On Tuesday, the Indian stock market indices ended with sharp gains after hitting fresh record highs during the session. The Sensex surged 712.44 points, or 0.92%, to close at 78,053.52, while the Nifty 50 settled 183.45 points, … Read more
Indian stock market: Nifty has been hovering within the 23300 to 23600 range, indicating indecisiveness, which sets the stage for a very volatile monthly expiry. A decisive move above 23600 might take the index towards 24000 in the short term, whereas failure to hold above 23300 might trigger panic in the market. Below 23300, the … Read more
The medium-term outlook for the market is positive even though risks of sticky inflation, elevated interest rates for an extended period, and geopolitical developments loom. The domestic economy is on a healthy footing, and there are high expectations that the government’s policy reforms will continue to bolster growth and employment. The prospect of an above-normal … Read more
However, private weather forecaster Skymet believes the southwest monsoon will gather pace in the coming days and will cover the entire country ahead of its schedule. Garima Kapoor, Economist, Elara Capital, pointed out that the El Nino conditions that prevailed since June 2023 led to subnormal monsoons in India last year. This year, the chance … Read more
Domestic Infrastructure and Capital Goods stocks are on a sturdy path. Over the past 3 years, capital goods stocks have, on average, tripled in value, while infra stocks have doubled. There were concerns about whether this trend would persist during the recent national election period due to high prices and valuations. However, these concerns have … Read more
What are your expectations from the new government? Do you expect any major shift on the policy front? The focus should remain towards investment-led growth. We continue to remain bullish on the same themes. While I don’t foresee any significant policy changes, I think it’s wise to pay attention to the Budget and the discussions … Read more
The US Federal Reserve is poised to announce its key policy decision later today, with significant anticipation surrounding the central bank’s timing for potential interest rate cuts for the remainder of the year. In today’s decision, there is a near consensus that the Jerome Powell-led FOMC will maintain the interest rates at the target range … Read more
Stock market today: Indian stock market benchmarks—the Sensex and the Nifty 50—ended with mild gains on Friday, May 31, snapping the losing streak of the last five consecutive sessions. All eyes are now on the last phase of the General Election 2024 on Saturday, June 1, followed by the exit poll results. The counting of … Read more