Asian stock market trading up on US inflation

August 12, 2021 8:15 am

The stock market across Asia are trading higher on Thursday on the back of a rally in the American market. The US dollar was down on falling inflation. It also lifted Asian currencies. The market is moving upwards on cooling inflation in the US and the $3.5 trillion budget plan of president Biden getting the […]

Indian shares recover from the lows of the day

August 11, 2021 5:47 pm

After a sharp profit booking and touching the low point of the day, the market managed to bounce back on widespread buying on Wednesday. Despite marginal losses from the previous close, investors wealth continued to erode for the sixth day in a row. Today, total market capitalisation declined by Rs7,471 crore The Sensex was down […]

Sensex, Nifty scales new highs, wealth erosion continues in the broader market

August 10, 2021 5:32 pm

On Tuesday, the Nifty and the Sensex advanced, however, the broader market continued to decline in the Indian stock market. The trading was volatile and a few large-cap stocks from information technology, financial services and banking supported the market. The biggest losses were registered in PSU banking as well as metals. The overall texture of […]

Indian shares may open with a downward bias

August 10, 2021 8:47 am

Indian share markets are likely to open with downward bias on weak global cues. Huge profit-booking by mutual funds on Monday is also going to weigh on the market sentiments. The stock market in the US closed mildly down on concerns surrounding earlier than expected rate hikes. Similar sentiments, coupled with the spread of delta […]

Sensex, Nifty gains but profit booking wipes off Rs77,663 crore of investors’ wealth

August 9, 2021 5:32 pm

Though benchmark indices (Sensex and Nifty) indicate gains, the overall market on Monday ended with losses wiping out Rs77,663 crore of investors’ wealth in highly volatile trade. All other indicators indicated the emergence of cautious trade or profit booking at the higher levels. Looking at deep cuts in crude oil and gold prices in the […]

Inflow in equity mutual fund schemes increases three-fold in July

August 9, 2021 4:56 pm

Buoyed by the investors’ interest in new fund offers, the total inflow in the equity mutual fund schemes jumped three-fold in July. As per the Association of Mutual Funds of India (AMFI), monthly data release new flow in equity scheme increase from Rs5,988 crore in June to Rs22.583 crore. However, four new funds from major […]

No Stay on the probe by CCI on Amazon and Flipkart: Supreme Court

August 9, 2021 12:58 pm

The Supreme Court of India on Monday refused to stop the probe by the Competition Commission of India (CCI) on alleged violation of foreign direct investment (FDI) rules in India. The online majors had challenged the July 23 order of the Karnataka High Court, in which the apex court has refused to stay the matter. […]

Indian shares are likely to open weak

August 9, 2021 8:26 am

Indian shares are likely to open weak on global cues. The stock markets in Asia are trading weak on the rising value of the dollar against the major currency and a sharp fall in gold prices that triggered margin calls. The Nifty futures closed at 16,267 on Friday while the SGX Nifty Futures (the index […]

Dollar Moves Up, stocks, gold, crude down in Asia

August 9, 2021 8:04 am

After a better than expected jobs report, the US market had closed with gains. However, in Asian trading, today stronger American currency has resulted in deep cuts in equities, gold and crude oil. Market participants believe that this indication of recovery would force the Federal Reserve to tighten earlier than envisaged. The stock market in […]

RBI keeps rates steady, economists predict tighter liquidity, higher rates by March ‘22

August 6, 2021 2:43 pm

As expected, the Reserve Bank of India (RBI) on Friday announced to keep the benchmark interest unchanged, with an economic outlook on the status quo and an increase in inflation estimates for the year 2021-22. However, economists argued that the era of record-low interest rates is ending and sooner than expected interests are going to […]

Amazon gets the verdict in its favour: Shares of Reliance, Future group sharply down

August 6, 2021 12:46 pm

The Supreme Court of India on Friday ruled that the order of the arbitrator that put on hold the deal between Future Retail and Reliance Retail is valid. Effectively it means that the acquisition of Future Retail’s business by Reliance is now on hold and India’s most valued company may have to find another way […]

On a news heavy day, Indian markets to trade with caution

August 6, 2021 8:31 am

The stock market in India is likely to trade with caution in the first hour of trade as series of events are likely to impact the investors’ sentiments. The Reserve Bank of India, after three days of the meeting, will announce its assessment of the economy and monetary policy. The Supreme Court will pronounce its […]

Sensex, Nifty gains, but Vodafone rattles banking and Aditya Birla group shares

August 5, 2021 5:06 pm

For the third session on the trot, benchmark indices – Sensex and Nifty – closed with gains and ended the historic highs. On the day of the weekly expiry of the derivatives, the Indian market closed with a downtick, reached a pick on buying interest and gave away half of its gains. The mood in […]

Traders may turn cautious at record highs in Indian stocks

August 5, 2021 8:19 am

After hitting all-time highs, a sense of caution may creep in trading on Thursday in the Indian stock market. Weekly expiry in the derivatives segment, weakness in the broader market and Friday’s review of the monetary policy by the Reserve Bank of India are the main triggers for the market. The Nifty futures trading at […]

US stocks end with losses, Asian markets trading mix

August 5, 2021 7:55 am

After surging to record highs, the global markets have become cautious before making its next move. On Wednesday, the US market closed with deep cuts after the payrolls data was much below the expectations. On Thursday morning, the Asian markets are trading mix. The Shanghai Composite in mainland China declined 0.46% and Hong Kong’s Hang […]

Large Cap pushes Sensex, Nifty to new highs, small and mid-cap declines

August 4, 2021 4:50 pm

After scaling, new highs on Tuesday, supported by positive news flow Indian benchmark indices continued their upward march and closed at yet another new high. However, profit-booking was the underlying theme during the trading resulting in declines in small and midcap shares. Even, the number of shares advancing were lower than that declined. At the […]

Indian shares likely to continue the rally

August 4, 2021 8:15 am

After scaling historic highs on Tuesday, it seems that the bull run on the Dalal Street is likely to continue on Wednesday. Cues from the global market are positive. The number of newly affected Covid patients in India are rising, however, it is still restricted to a couple of states. The Nifty Futures trading in […]

The US closes on a record high, Asian Markets trading mixed

August 4, 2021 7:51 am

After a record surge in India and the US equities, stocks in Asia are trading cautiously mixed. The stock market in Japan is down while Hong Kong, China, Australia are firmly up on Wednesday. Overnight, the US market surged to new record highs. The S&P 500 gained 0.82% to a new record closing high of […]

Sensex, Nifty at All-Time High: Domestic funds flood of money supports the market

August 3, 2021 5:19 pm

Indian share market on Tuesday closed at the highest ever level in history on the back of sustained buying by domestic institutions thwarting any dangers of intense selling by foreign funds. The market has gained 14 per cent from the recent lows recorded on April 22, at the peak of the devastating second wave of […]

The Clear and Present Danger: Petrol and Diesel Prices have burned up common man’s coffers

August 3, 2021 12:15 pm

At a time when domestic consumption is falling in the country, an unprecedented price rise on two key fuels – petrol and diesel –may be counterproductive. Another threat due to record high prices is inflation. At a time when economic recovery is fragile and there is a looming threat of the third-wave of Covid19, higher […]