Tuesday Market Commentary Update

COMMENTARY

Indian Equity benchmark indices opened gap up today tracking strong global cues after ease in Trump’s trade war talk. Apart from opening nothing was in favor of bulls as market traded in bearish trend for the rest of the day and in later part of the day market witness heavy trade fall as investors were panic especially after the news came into public that Serious Fraud Investigation Office (SFIO) has summoned Axis Bank and ICICI Bank CEO in Gitanjali and Nirav Modi fraud case, which causes Nifty and Bank Nifty future to break their crucial support level of 10300 and 24600 on closing basis. Heavy looses in PSU Banks, Reality and Auto sector causes Nifty future to close in red for fifth consecutive trading day. Apart from Media sector which gained marginally by 0.42% rest of the indices ended today session in red in which PSU Banks fell most by 2.87% followed by Reality sector which fall by 2.27% today. » Read more

Market Summary For Monday Trading Session 5th-March

Indian Equity benchmark indices opened gap down today tracking week global cues and was again driven by external and internal both economic news, both Nifty future and Bank Nifty future were down by 0.75% in early trade today after US President Donald Trump shows concerns of a global trade war. After gap down opening indices were traded in sideways movement throughout the day. Heavy looses in Metal, Auto and FMCG sector causes Nifty future to close in red for fourth consecutive trading day. Apart from PSU Banks and IT sector which marginally gained by 0.06% and 0.69% and rest of the indices ended today session in red in which Metal sector fell most by 3.28% followed by Auto sector which fall by 1.57% today. » Read more

Today Market Over-View :- 22nd February 2018

Indian equity market opens today session on negative note following weak global cues backed by a rise in US treasury yield, Indian market was volatile ahead of F&O expiry as today market were traded in zigzag mode for most of the day as similar to last 3 trading session. Once again movement has been witness in the last hour of the day, which help Nifty future to close with marginal loss of 8.40 at 10384.50, Bank Nifty future closes with a again of 24.75 points at 24953.55 and sensex closes with a loss of 25.36 points at 33819.50.Today Market breadth was once again negative as 470 shares advances against 1025 shares declines and 73 shares were remains unchanged at NSE. All indices wew traded mixed today with Nifty IT was once again biggest gainer today by gaining 0.55% followed by reality sector which gained 0.31and on the losing side Nifty Auto losses the most by 0.86% followed by Media sector which looses by 0.83% » Read more

Stock Market Commentary :-21st-Feb-2018

Indian equity market opens today session on positive note tracking positive global cues and traded in zigzag mode for all day. From last 2 trading sessions Benchmark indices has respected their support levels and also bulls are trying to take charge from last 2 trading session. Today after zigzag movement market closes little below from the opening price which resulted in formation of hammer candlestick pattern which is bullish reversal in nature. Today Market breadth was again negative as 585 shares advances against 951 shares declines and 62 shares were remains unchanged. Nifty IT was biggest gainer today by gaining 2.33% followed by PSU Banks which gained 1.09% and on the losing side Nifty Pharma losses the most by 1.97% followed by 1.37%. » Read more

Tuesday Market Commentary Update 20th-Feb-2018

Commentary For Today’s Stock Market

Indian equity market opens today session on flat note tracking negative global cues and traded in range bound for most of the day. We have seen tight fight between bulls and bears but at the end of session Nifty future losses more than 60 points and Bank nifty future losses more than 250 points. Market breadth was negative as 681 shares advances against 824 shares declines and 50 shares were remains unchanged. We have not seen any major loser or gainer in any index as index traded mixed today. Nifty Metal gained most today by 1.10% followed by 0.83% and today PVT banks looses most today by 0.91%. » Read more

Best Opportunity For Up-Coming Market

PSU Banks is in the limelight from couple of days and most of the market movement is trading around PSU Banks. Today Indian Equity Benchmark indices was in green at pre opening session but after the start Indian market was trading in bearish trend for major part of the day mainly due to most of the banks has reveal exposures in PNB fraud case. Last hour of the day has some relief for the traders as benchmark indices have recovered significantly in the last hour of the day. All sectoral indices today again traded in negative territory with Nifty PSU bank index was again biggest looser among all , falling 2.36 percent in today session which was followed by Nifty Pharma which was down by 1.66% » Read more