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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Markets were up vertically on Monday

  • Achiievers

Markets were up vertically on Monday. Nifty and the Bank Nifty scaled new highs as banking heavyweights spurred the index. Banking heavy weights like ICICI Bank and SBI along with a clutch of PSU banks pushed the Nifty and the Bank Nifty to historic highs.
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Nifty and the Sensex to scale new highs on Friday

  • Achiievers

In the midst of all the risks pertaining to global trade wars and the oil prices, the Nifty has scaled an all-time peak at 11,278 on Friday backed by ITC. Encouraging results from ITC helped the Nifty and the Sensex to scale new highs on Friday. Oil and
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NIFTY AND SENSEX GET TO ALL-TIME HIGHS

  • Achiievers

The rally on Thursday was typically driven by short covering as stocks like SBI and ICICI Bank saw a lot of short positions getting covered on F&O expiry day. Maruti did come under pressure due to aggressive analyst expectations. There may
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Sensex touched record high of 37,000

  • Achiievers

On a largely uneventful day, the Sensex touched a record high of 37,000 on short covering on F&O expiry day. The market sentiments were also buoyed by spectacular results announced by Maruti, ITC and Dr. Reddy Laboratories. All three companies reported
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