GOLDMAN DOWNGRADE SPOOKS THE NIFTY

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Nifty lost close to 140 points on Monday after Goldman Sachs downgraded Indian equities from Overweight to Market Weight. The worsening trade war between the US and China also took its toll on the markets. The rupee weakened sharply on Monday and...

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Weekly Capsule (Sep 10 – Sep 14) and Impact Analysis

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News Announcement Impact Analysis Trump readies tariffs worth $200 billion on Chinese imports This is likely to be in addition to the $50 billion of tariffs that the US has already imposed on China With China also imposing counter...

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Nifty gained 40 basis points on Tuesday

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Nifty gained 40 basis points on Tuesday to close at a record level of 11,738. While metal counters like Hindalco and Vedanta continued to aid the rally, the late thrust came from heavyweights like Reliance Industries and Maruti. The A/D ratio was skewed...

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SBI made smart gains

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Nifty closed at an all time high level of 11,387 even as select banks like ICICI Bank, Axis Bank and SBI made smart gains during the day. Banks have recovered the losses of Thursday and more in the last couple of trading sessions. After a sharp...

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Nifty closed flat at 11,389

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After promising another rapid rally, the Nifty closed flat at 11,389 as the index A/D ratio turned unfavourable during the day. While the metal companies like Tata Steel and Hindalco added some weight to the index, downstream OMCs like HPCL and BPCL came...

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NIFTY BUOYED BY BANKS ON MONDAY

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Nifty closed at an all time high level of 11,387 even as select banks like ICICI Bank, Axis Bank and SBI made smart gains during the day. Banks have recovered the losses of Thursday and more in the last couple of trading sessions. Despite the stellar...

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Nifty was back at new highs as it closed 26 points

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The Nifty was back at new highs as it closed 26 points higher at 11,387 backed by banking stocks. While banks like ICICI, Axis and SBI triggered the rally, the mid caps also rallied which was evident from the positive advance / decline ratio on both the...

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NIFTY CLOSES THE WEEK AT ALL TIME HIGH

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Friday was a bounce with a vengeance as banks and commodity stocks combined to take the Nifty to a new high. With the Fed holding rates and the RBI hinting at front-ending of rate hikes, markets are surely in positive mood. With no immediate resistance...

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