Market Review

F&O rolls will drive market direction

Markets got of to a flying start…the Iran N deal was interpreted to have a salubrious effect on India’s CAD…the day started with short covering but volumes suggest that some new longs were also created. Overnight US markets have rallied, the Dow is at an all time high, Asia is seeing a slight correction, the […]

A new week…BNSN stock game with ET Now!

The week starts on a slew of positive developments … The Iran deal,  the diplomatic gridlock between Iran and the West seemed immovable for decades. But on Sunday, diplomats made history when Iran and six world powers came together on an agreement over Iran’s nuclear program. According to this deal Iran will scale back its […]

At Crossroads

As suddenly as the markets made a new high we now find ourselves at crossroads…   It is almost story book – the way the markets went to a new high right on Muhurrat trading day….while it was clear that the rally was largely liquidity driven it was in part supported by ‘green shoots’ seen […]

S&P revises India outlook to negative, markets recover by end of the day, all eyes on the FOMC meet…

Nifty began on a weak note due to a correction in technology stocks.  Interest rate sensitives saw buying and markets saw a recovery.  High fiscal deficit, heavy debt burden and slowdown in investment & economic growth forced the foreign rating agency Standard & Poor’s (S&P) to revise Indian outlook to negative. This led to a […]

TCS up 12% after good numbers, markets consolidate in a listless day of trade…

Markets started off trade with a small gap up consolidating after yesterday’s sharp fall. Nifty moved in a very narrow range and the overall mood was subdued.  Even European markets like France’s CAC and Germany’s DAX jumped 1% each post Spain sold bonds worth 1.2 billion euro, which was higher than 1.08 billion Euro bonds […]

Monday blues: Nifty tanks 90 points, April expiry promises to be rocky, rupee back to its losing ways…

Markets at open were quiet –  a little lower and then slightly in the positive. As Europe opened lower post weak economic data the overseas concerns began to reflect on the Nifty, the rupee to depreciated further losing 48 paise to go  to 52.55 a dollar. The Nifty closed a whopping 90 points lower at […]

Nifty future plunges to almost 5000 levels….fat finger? algorithm error? Reliance results awaited as markets end up 1.6% for the week…

Markets saw a subdued start to the day.  Global cues were disappointing.  US economic data and fears of a French downgrade played on traders mind.  Nifty was rangebound and recovered – in the afternoon trade markets were jolted rudely out of their slumber.  Nifty futures suddenly plummet to 5000 in what is now being examined […]

Rumors of a Jaguar IPO fires up Tata Motors, markets up third day in a row, Reliance to announce Q4 numbers tomorrow

Markets got off to a subdued start and were choppy.  As the European markets opened positive our markets perked up too.  The Nifty made a high of 5342 came off and then consolidated again settling to close at 5332 up 32      points.  Auto stocks were the stars of the day.  The BSE Auto Index hit […]

Markets cheer interest rate cut, banks and capital goods stocks to rally further….

The Nifty opened flat ahead of the RBI’s annual monetary policy for FY13 today. Traders booked profits in banks stocks ahead of policy. Market had rallied more than 60 points on the Nifty immediately after the Reserve Bank of India announced a cut of repo rate by 50 basis points to 8%, but the rally […]

Infosys guidance is a shocker, Spain borrowing spooks market in late trade, profit booking order of the day, all eyes on RBI meet next week Tuesday!

Infosys guidance shocker meant that markets were always under pressure.  Nifty started off on a positive note – IT majors Infosys and TCS lost but the rest of the market held on to their gains reflecting the positive sentiment of global markets.  But European markets took a beating after the Spanish banks borrowed euro 316.3 […]