News Announcement Impact Analysis The rupee tested the level of 72/$ for the first time during the week The worries over the trade deficit and the CAD took the INR to beyond the 72/$ mark on importer buying of dollars However, the Read more [...]

The bounce in the Nifty on Thursday was driven more by short covering and a bit of value buying in pharma stocks. Consumer stocks essentially continued to be under stress on broad valuation concerns. Pharma continues to be the sole sector to stand Read more [...]

Nifty bounced by 52 bps to 11,537 after 6 consecutive down days and provided some relief to the markets. Finally, it was the smart performance put up by Reliance industries that added heft to the Nifty and enabled it to close in positive territory. Apart Read more [...]

With the INR moving within a whisker of 72/$ before closing at 71.77/$, the stock markets saw a sense of panic and long and leveraged positions were getting unwound. The consumer sector was the worst hit in the market correction. The big question Read more [...]

It was the sixth successive day of correction in the indices. Nifty closed 44 basis points lower at 11,477 with consumer stocks bearing the brunt. The pressure on consumer stocks like Hindustan Unilever and Titan continued to weigh on the Nifty for the Read more [...]

Nifty corrected sharply in the last hour of trade on Monday and closed 100 points lower at the level of 11,582. Apart from unwinding in large-cap stocks, the Nifty A/D ratio was skewed in favor of declines in the ratio of 1:2. Two big star performers Read more [...]

The Nifty reacted to the weak rupee by correcting over 100 points in the last 1 hour as the weak rupee and the bond yields at 8% spooked the market. The rupee has now settled around the 71.20 mark and shows no respite. The one sector that looks Read more [...]

It was a weak day with only the tech stocks holding up the markets. Nifty closed 54 basis points lower at 11,520 on a day supported only by tech stocks like TCS, Wipro and HCL Tech. Most of the front liners in the banking sector and the FMCG sector saw Read more [...]