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

| More

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

Posted On: 2021-02-24 09:44:28 (Time Zone: Arizona, USA)


Indian equity benchmark indices witnessed a session marred by a technical outage that disrupted trading on the NSE for nearly four hours. The Nifty opened flat and rose in early trade. The NSE shut trading in its cash and derivative segments at 1140 Hrs, citing "issues" with telecom links of its two service providers, which it said impacted the system and stopped prices from updating. Trading resumed on the NSE at 1545 Hrs and indices rose sharply post the second opening due to square off/shifting activities across exchanges. BSE continued to have normal trading in all segments through the extended day. The trading time on both the exchanges has been extended to 5 P.M.

At close the NSE Nifty 50 index gained 1.9% to end near the mark of 15,000 at 14,982. Volumes on the NSE were expectedly lower than the recent average. However volumes on the BSE at Rs.40700 cr were the highest since March 2017, due to diversion of trades to that exchange. Among sectors, Banks, Media, Metals and Realty indices gained the most. Broader markets also ended with gains but underperformed the benchmark indices.

Shares fell Wednesday in Asia as investors weighed the possibility that inflation might prompt central banks to adjust their ultra-low interest rate policies. Also the recent climb in US bond yields put high valuations of growth stocks under pressure. The worst hit was the Hong Kong Hang Seng, registering a fall of 3%. Investors hit sell after the city said it would raise stamp duty tax on share transactions from 0.1% to 0.13%. European shares opened generally flat to higher on Wednesday after Fed Chair Jerome Powell pushed back against inflation fears. Revised data showed German gross domestic product for the fourth quarter rose an adjusted 0.3% from the prior quarter, which was above a preliminary estimate of 0.1% and above expectations for 0.1%.

Nifty has bounced up well after the 5 day fall seen recently. Although this rise is to be seen in the backdrop of the widespread weakness across Asia, the momentum in the indices could take the Nifty up to 15039-15132 band in the near term. However for the time being it seems as a correction of the recent fall and not a new uptrend.


Source: Equity Bulls

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


Other Headlines:

Daily Markets - April 20, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Market struggles at higher levels, retested 14200 again : Angel Broking

Rupee - April 20, 2021 - Reliance Securities

Daily Market Commentary - April 20, 2021 - Bonanza Portfolio

Technical View - April 20, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Post Market views - April 20, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Rupee - April 19, 2021 - Reliance Securities

Daily Markets - April 19, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - April 19, 2021 - Bonanza Portfolio

Post Market views - April 19, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - April 19, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - April 16, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Rupee - April 16, 2021 - Reliance Securities

Daily Market Commentary - April 16, 2021 - Bonanza Portfolio

Post Market views - April 16, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Rupee Update - April 16, 2021 - Reliance Securities

Rupee - April 15, 2021 - Reliance Securities

Banking space leads to some pullback in benchmark indices : Angel Broking

Technical View - April 15, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - April 15, 2021 - Bonanza Portfolio

Post Market views - April 15, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Daily Markets - April 13, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty reclaims 14500, but still not completely out of the woods : Angel Broking

Daily Market Commentary - April 13, 2021 - Bonanza Portfolio

Post Market views - April 13, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - April 13, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Technical View - April 12, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Market reacts to second wave of covid-19 in our country : Angel Broking

Rupee - April 12, 2021 - Reliance Securities

Daily Market Commentary - April 12, 2021 - Bonanza Portfolio

Daily Markets - April 12, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - April 12, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - April 9, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - April 9, 2021 - Reliance Securities

Daily Market Commentary - April 9, 2021 - Bonanza Portfolio

Post Market views - April 9, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Daily Markets - April 9, 2021 Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Pre-Market views - April 9, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Rupee - April 8, 2021 - Reliance Securities

Daily Markets - April 8, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Tail end correction drags Nifty below 14900, Metals continue with their dream run - Angel Broking

Daily Market Commentary - April 8, 2021 - Bonanza Portfolio

Technical View - April 8, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Post Market views - April 8, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Market extends gains post RBI policy, but hesitation continues around 14900 - Angel Broking

Rupee - April 7, 2021 - Reliance Securities

Technical View - April 7, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - April 7, 2021 - Bonanza Portfolio

Post Market views - April 7, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Daily Markets - April 7, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities


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

disclaimer copyright © 2005 - 2020