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

| More

Daily Market Wrap - July 9, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Posted On: 2021-07-10 05:54:17 (Time Zone: UTC)


Indian benchmark equity indices ended lower for the second consecutive session on July 09. The Nifty opened lower, made an intra day low at 0925Hrs and then gradually rose. At close, the Nifty was down 38.10 points or 0.24% at 15,689.80.

Volumes on the NSE were the lowest in 4.5 months. Among sectors, Realty and Metals gained the most, while Energy, IT, Banks and Capital Goods lost the most. BSE midcap and smallcap indices rose 0.4-0.6 percent.

Asian shares stumbled to two-month lows on Friday, though they recovered from the intra day lows post the China rate cut announcement and were set for their worst weekly performance since mid-May as confidence took a battering over the global spread of the Delta virus variant and worries it could stall a worldwide economic revival. European stocks however rebounded from a recent selloff driven by concerns that a pandemic resurgence could complicate a global recovery, 10-year U.S. Treasury yield rose to 1.33% from the low of 1.25% on Thursday, its lowest since February.

China's central bank said on Friday it would cut the amount of cash that banks must hold as reserves, releasing around 1 trillion yuan ($154.19 billion) in long-term liquidity to help underpin an economic recovery that is starting to lose momentum. The People's Bank of China (PBOC) said on its website it would cut the reserve requirement ratio (RRR) for all banks by 50 basis points (bps), effective on July 15.

Nifty closed lower for the second consecutive week, down 0.21% over the week as worries return over the global economic recovery amid the spread of Covid-19 variants. On daily charts however, the Nifty has formed a doji after a fall suggesting indecision at these levels and a possibility of an upward bounce. Nifty also made a double bottom in the 15633-15635 band. On upmoves, Nifty could face resistance at 15762-15801 band over the next 1-2 sessions, while on a weekly basis, it could face resistance in the 15886-15915 band. 15635 could be a support for the near term while 15506 could be a support for the coming week.


Source: Equity Bulls

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


Other Headlines:

Rupee - Weekly Wrap - Sep 25, 2021 - Reliance Securities

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

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

Daily Market Commentary - Sep 24, 2021 - Bonanza Portfolio

Nifty50 - 17800 will act as support for Nifty on crossing which we might see 17750 levels - Mr. Rahul Sharma, Co-Founder, Equity99

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

Rupee - Weekly Currency Wrap - Sep 18, 2021 - Reliance Securities

Rupee - Sep 17, 2021 - Reliance Securities

Daily Market Wrap - Sep 17, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - Sep 17, 2021 - Bonanza Portfolio

Post Market views - Sep 17, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

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

Rupee - Sep 16, 2021 - Reliance Securities

Daily Market Wrap - Sep 16, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - Sep 16, 2021 - Bonanza Portfolio

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

Technical View - Sep 16, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - Sep 15, 2021 - Reliance Securities

Daily Market Commentary - Sep 15, 2021 - Bonanza Portfolio

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

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

Rupee - Sep 14, 2021 - Reliance Securities

Daily Market Commentary - Sep 14, 2021 - Bonanza Portfolio

Daily Market Wrap - Sep 14, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

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

Rupee - Sep 13, 2021 - Reliance Securities

Daily Market Wrap - Sep 13, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - Sep 13, 2021 - Bonanza Portfolio

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

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

Daily Market Wrap - Sep 9, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - Sep 9, 2021 - Bonanza Portfolio

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

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

Rupee - Sep 8, 2021 - Reliance Securities

Daily Market Wrap - Sep 8, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - Sep 8, 2021 - Bonanza Portfolio

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

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

Daily Market Wrap - Sep 7, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Rupee - Sep 7, 2021 - Reliance Securities

Daily Market Commentary - Sep 7, 2021 - Bonanza Portfolio

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

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

Daily Market Wrap - Sep 6, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - Sep 6, 2021 - Bonanza Portfolio

Rupee - Sep 6, 2021 - Reliance Securities

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

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

Rupee - Sep 4, 2021 - Reliance Securities


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

disclaimer copyright © 2005 - 2020