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 Read more [...]

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 Read more [...]

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 Read more [...]

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 Read more [...]

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 Read more [...]

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 Read more [...]

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 Read more [...]

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/$. Read more [...]