The combination of a comfortable trust vote and reduced GST rates led to Nifty rallying to the 11,085 mark led by consumer oriented companies. Heavyweights like ITC, Maruti, Bharti and ICICI Bank resulted in the Nifty rallying sharply on Monday. The sector Read more [...]

Even before the actual Confidence Vote happened, it was a foregone conclusion. The vote of 325/126 in favour of NDA was merely a formality. Nifty crossed the 11,000 mark and saw renewed buying in Bajaj Finance and Bajaj Finserv even as Reliance Industries Read more [...]

While the opposition may have very little chance in a trust vote, the focus may be more on the debate ahead of the trust vote. The opposition will look to corner the government on economic issues like jobs, farm distress and the deficit. The rupee Read more [...]

The uncertainty over the No Confidence motion on Friday and the China slowdown had its impact on the Nifty. The index slipped to the 10,957 mark in Thursday trades. One of the key drivers for the market pressure was the INR which settled beyond the 69/$ Read more [...]

It was a day when the dollar strength weighed on the rupee and the Nifty. With the Fed announcing strong growth guidance for the US economy, the hints are towards a stronger dollar and a weaker rupee. Trade wars are a worry too! Macros are likely Read more [...]

The Nifty level of 11,000 continued to be the big resistance. The redeeming sector of the day was upstream and downstream oil companies even as base metal and industrial metal stocks took deep price cuts in Wednesday trading. US Fed Chief’s statement Read more [...]

After the sharp correction on Monday, the index recouped almost all its losses as it scaled past the 11,000 mark. The Nifty was led by a rally in oil companies as well as short covering short covering. Nifty closed at 11,008 as weaker Brent Crude prices Read more [...]

The sharp crack by 0.75% on the Nifty was largely driven by pharma and banking stocks. But the real cuts were seen in the mid cap stocks with over 200 stocks touching their 52-week low levels. Markets are likely to continue to be weak ahead of Read more [...]