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

| More

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

Posted On: 2021-04-08 08:16:03 (Time Zone: Arizona, USA)


Indian benchmark equity indices gained for the third straight day on April 08 - the longest such streak in a month - , however, weekly F&O related volatility dragged the indices lower from their intra day highs. Nifty after rising in the initial part of the day, fell post 1335 Hrs. At close, the NSE Nifty 50 index rose 0.4% to end at 14,873.

Volumes on the NSE were higher than recent averages. Among sectors, Metals, IT and Oil & gas were the main gainers, while Banks were the main losers.

Equity mutual funds witnessed their first inflow in nine months in March even as benchmark indices remain flat after scaling record peaks in February. Investors pumped in a net Rs 9,115.1 crore into equity and equity-linked schemes in March compared with an outflow of Rs 10,468 crore in February.

INR fell another 0.4% to 74.64 vs the USD on panic buying by importers and announcement of GSAP by the MPC on April 07. India 10 year Gsec yields fell 3 bps to 6.04%.

Stocks in Europe reached record highs on Thursday, buoyed by optimism in Britain over easing lockdown restrictions. Most Asian and European stock markets rose on Thursday, getting a boost from signs the Federal Reserve was in no hurry to remove stimulus as the Biden administration eased its stance on corporate tax hikes. Equity volatility continued to remain tepid around its lowest levels since the pandemic began, encouraging risk-taking. The short-term momentum appears to remain in favour of the bulls.

Nifty rose during the day but gave up big part of their gains towards the end. In the result it has formed a long legged doji post a minor rise. This suggests mild caution on the part of participants. On upmoves 14984-15050 band could provide resistance to the Nifty while 14716-14821 band could provide support.


Source: Equity Bulls

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


Other Headlines:

Rupee - May 18, 2021 - Reliance Securities

Daily Markets - May 18, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - May 18, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Daily Market Commentary - May 18, 2021 - Bonanza Portfolio

Technical View - May 18, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - May 17, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Rupee - May 17, 2021 - Reliance Securities

Post Market Views - May 17, 2021 - Binod Modi, Head Strategy, Reliance Securities

Technical View - May 17, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - May 14, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Rupee - May 14, 2021 - Reliance Securities

Daily Market Commentary - May 14, 2021 - Bonanza Portfolio

Post Market views - May 14, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - May 14, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - May 12, 2021 - Reliance Securities

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

Daily Market Commentary - May 12, 2021 - Bonanza Portfolio

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

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

Index corrects on weak global cues, but broader markets outperform : Angel Broking

Technical View - May 11, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - May 11, 2021 - Bonanza Portfolio

Rupee - May 11, 2021 - Reliance Securities

Daily Markets - May 11, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - May 11, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - May 10, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Bulls knocking doors of 15000 mark again : Angel Broking

Daily Market Commentary - May 10, 2021 - Bonanza Portfolio

Rupee - May 10, 2021 - Reliance Securities

Daily Markets - May 10, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - May 10, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Market defends key levels, real action seen in numerous themes : Angel Broking

Rupee - May 7, 2021 - Reliance Securities

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

Daily Market Commentary - May 7, 2021 - Bonanza Portfolio

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

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

Daily Markets - May 6, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Slowly and steadily market continues its upward march : Angel Broking

Daily Market Commentary - May 6, 2021 - Bonanza Portfolio

Post Market views - May 6, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - May 6, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - May 5, 2021 - Reliance Securities

RBI Governor boosts traders' sentiments, Nifty reclaims 14600 : Angel Broking

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

Daily Market Commentary - May 5, 2021 - Bonanza Portfolio

Technical View - May 5, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - May 4, 2021 - Reliance Securities

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

Daily Market Commentary - May 4, 2021 - Bonanza Portfolio


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

disclaimer copyright © 2005 - 2020