Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Market Commentary

| More

Markets Daily - Nov 23, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Posted On: 2020-11-23 05:29:40 (Time Zone: Arizona, USA)


Indian equity benchmark indices ended the first day of the week with gains, even as banking stocks underperformed in a volatile session. At close the NSE Nifty 50 index ended 0.52% higher at 12,926.

Volumes on the NSE remained high compared to recent averages. IT, Pharma, Metals and Realty indices were the main gainers while Banks were the main losers even though some Banks rose following the recommendations of the RBI working group on allowing changes in ownership of Banks.

Global stocks advanced as AstraZeneca Plc said an interim analysis of clinical trials showed its coronavirus vaccine has an average efficacy of 70% in protecting against the virus. Vaccine announcements have added to the risk-on mood in markets as investors looked forward to the end of the pandemic. Investors' also got excited after a top official of the U.S. government's vaccine development effort said Sunday that the first vaccines could be given to U.S. healthcare workers and others recommended by mid-December.

IHS Markit's flash purchasing manager's index (PMI) index for the euro zone, which looks at activity in both manufacturing and services sectors, came in at 45.1 in November - the lowest reading in six months.

The US dollar dropped to low levels last seen in 2018 as fast-tracked plans to roll out a coronavirus vaccine in the U.S. supported the market mood for risk assets. The dollar has fallen more than 11% from its record high in March. This helps prices of commodities and emerging equities.

Nifty seems to be inching towards the 13200-13300 mark over the next few sessions as the street continues to get excited by vaccine news. Repeated intraday recovery from the lows comforts the traders and investors.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Nifty ends below 15000 amid volatile swings : Angel Broking

Rupee - March 5, 2021 - Reliance Securities

Daily Market Commentary - March 5, 2021 - Bonanza Portfolio

Daily Markets - March 5, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - March 5, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Daily Markets - March 4, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Weak global cues jolts our markets, but midcaps outperform : Angel Broking

Daily Market Commentary - March 4, 2021 - Bonanza Portfolio

Rupee - March 4, 2021 - Reliance Securities

Post Market views - March 4, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - March 4, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Outstanding performance by the bulls; Nifty ends around 15250: Angel Broking

Daily Markets - March 3, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Rupee - March 3, 2021 - Reliance Securities

Daily Market Commentary - March 3, 2021 - Bonanza Portfolio

Post Market views - March 3, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - March 3, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Technical View - March 2, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Nifty extends its bounce back, reclaims 14900: Angel Broking

Rupee - March 2, 2021 - Reliance Securities

Daily Market Commentary - March 2, 2021 - Bonanza Portfolio

Daily Markets - March 2, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - March 2, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Strong global cues helps Nifty reclaiming 14750: Angel Broking

Rupee - March 1, 2021 - Reliance Securities

Daily Market Commentary - March 1, 2021 - Bonanza Portfolio

Post Market views - March 1, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Daily Markets - March 1, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty back to 14500, financials leading the fall : Angel Broking

Rupee - Feb 26, 2021 - Reliance Securities

Daily Markets - Feb 26, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - Feb 26, 2021 - Bonanza Portfolio

Post Market views - Feb 26, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - Feb 26, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Monthly expiry ends tad below 15100 : Angel Broking

Rupee - Feb 25, 2021 - Reliance Securities

Daily Market Commentary - Feb 25, 2021 - Bonanza Portfolio

Daily Markets - Feb 25, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - Feb 25, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Daily Markets - Feb 24, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty reclaims 15000 surprisingly despite a truncated day : Angel Broking

Technical View - Feb 24, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - Feb 24, 2021 - Reliance Securities

Post Market views - Feb 24, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - Feb 23, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Mandar Pitale, Head - Treasury, SBM Bank India's view on uniform pricing for bonds

Nifty reclaims 14700 but financials sulking a bit : Angel Broking

Rupee - Feb 23, 2021 - Reliance Securities

Daily Markets - Feb 23, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - Feb 23, 2021 - Bonanza Portfolio



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020