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

| More

Daily Market Wrap - Oct 12, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Posted On: 2021-10-12 22:24:40 (Time Zone: IST)


Nifty rose for the fourth consecutive session on Oct 12 after a weak morning session. Nifty opened higher on 12 Oct and made high intraday high in the first 10 minutes of the day. It later fell in line with other Asian markets and made a low at noon. A gradual recovery followed. At close the Nifty was up 0.26% or 46 points to 17992.

On a day when the volumes on the NSE were in line with recent averages, Consumer Durables, Metals and FMCG indices rose the most while IT and Telecom indices fell the most. BSE Midcap index ended 0.65% higher while the Smallcap index ended 0.26% up.

India's overall power generation has improved to 7.3% YoY at 345 billion units in Q2FY22, due to better power demand post lockdown relaxations.

The Indian rupee fell to a 15-month low on Tuesday, sliding past important support levels. The currency extended a bout of weakness to fall to a low of 75.65 against the U.S. dollar in afternoon trade, down 0.35% for the day. Negative triggers such as higher oil prices, rising U.S. bond yields and consequently a stronger dollar pushed the Indian currency lower.

A selloff in global stocks continued into Tuesday on signs that soaring energy prices have put a dampener on economic growth, while inflation and policy-tightening fears sent short-dated U.S. Treasury yields to 18-month highs.

China Evergrande Group on Tuesday missed its third round of bond coupon payments in three weeks, intensifying market fears over contagion involving other property developers as a wall of debt payment obligations come due in the near-term.

Nifty has closed at the highest ever closer to 18000 levels. Advance decline ratio improved as the day progressed to above 1:1. The upward momentum could continue with some intermittent profit taking. Subdued sentiments in the global markets could however slow this momentum.


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





Other Headlines:

Evening Currency Updates - Nov 29, 2021 - Kotak Securities

Daily Market Wrap - Nov 29, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - Nov 29, 2021 - Mr Binod Modi, Head Strategy at Reliance Securities

Technical View - Nov 29, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Views on Rupee - Nov 26, 2021 - Reliance Securities

FIIs' selling is a key concern for the Indian equity market : Parth Nyati, Founder, Tradingo

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

Fresh increase in Covid-19 cases dent sentiments across the globe

Daily Markets Wrap - Nov 22, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Indian market witnessed a sharp sell-off today - Mr. Santosh Meena, Head of Research, Swastika Investmart

Technical View - Nov 22, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Wrap - Oct 25, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Investors are advised to keep strict stop loss to their positions - Mr. Rahul Sharma, Co-Founder, Equity99

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

Technical View - Oct 25, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - October 23, 2021 - Weekly Wrap - Reliance Securities

Daily Market Wrap - Oct 22, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - Oct 22, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - Oct 22, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - Oct 21, 2021 Outlook - Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

Pre Market views - Oct 21, 2021 - Mr Binod Modi, Head Strategy at Reliance Securities

Daily Global Market Update by Kristal.AI - Oct 20, 2021

Rupee - October 20, 2021 Outlook - Reliance Securities

Pre-Market views - Oct 20, 2021 - Mr Binod Modi, Head Strategy at Reliance Securities

Daily Market Wrap - Oct 19, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - Oct 19, 2021 - Bonanza Portfolio

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

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

Rupee - Oct 18, 2021 - Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

Daily Market Wrap - Oct 18, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

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

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

Rupee - Oct 18, 2021 - Outlook - Reliance Securities

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

Daily Market Commentary - Oct 14, 2021 - Bonanza Portfolio

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

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

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

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

Market in a strong position, a good move is expected from Banks, Automobiles and IT sector

Rupee - Oct 13, 2021 - Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

Daily Market Commentary - Oct 13, 2021 - Bonanza Portfolio

Technical View - Oct 13, 2021 - Mr. Subash Gangadharan, Senior Technical and Derivative Analyst, HDFC Securities

Daily Market Commentary - Oct 12, 2021 - Bonanza Portfolio

Rupee - Oct 12, 2021 - Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

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

Technical View - Oct 12, 2021 - Mr. Subash Gangadharan, Senior Technical and Derivative Analyst, HDFC Securities

Daily Market Wrap - Oct 11, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - Oct 11, 2021 - Bonanza Portfolio

Technical View - Oct 11, 2021 - Mr. Subash Gangadharan, Senior Technical and Derivative Analyst, HDFC Securities


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

disclaimer copyright © 2005 - 2020