NIFTY CLOSES THE WEEK AT ALL TIME HIGH

  • Achiievers

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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Weekly Capsule (Jul 30 – Aug 03) and Impact Analysis

  • Achiievers

News Announcement Impact Analysis Nifty closed the week at a historic level of 11,360 on Friday The rally was driven largely by a bounce in banking stocks after a steep correction on Thursday The Indian markets have touched a new...

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NIFTY CRACKS OVER 100 POINTS ON RATE IMPACT

  • Achiievers

The Nifty reacted late to the rate hike impact with banks and auto companies reacting negatively to the rise in repo rates. The overhang of the global trade war also hung over the international markets. The 25 basis points rate hike by the Bank...

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The lag effect of the rate hike on the Nifty

  • Achiievers

The lag effect of the rate hike on the Nifty led it lower by 100 points to 11,244 levels. The price damage was mostly in rate sensitives like banking and auto stocks. Ironically, the INR strengthened another 17 paisa to touch 1-month high of 68.26/$....

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NIFTY TAKES RATE HIKE IN ITS STRIDE

  • Achiievers

Despite a surprise 25 basis points in the rate hike, the Nifty recovered most of its losses to almost close flat. However, rate sensitives like banks and autos are likely to be under some pressure today also. The INR strengthened to the 68.34/$...

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Nifty was triggered by two major heavy weights

  • Achiievers

Tuesday was marked by a late rally in the Nifty as it staged a recovery to close above 11,350 levels. The momentum in the Nifty was triggered by two major heavy weights on the index; Reliance Industries and Hindustan Unilever. RIL also crossed the market...

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ALL EYES WILL BE ON THE MONETARY POLICY

  • Achiievers

The monetary policy committee (MPC) meet starts today and the rate announcement will be made on August 01st. While inflation is higher, the MPC may wait till October to see food inflation impact before hiking rates. We reiterate that two wheelers...

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