View on market: Volatility Prevails, Market is searching for better value Most markets in Asia-Pacific region were trading lower in absence of cues from US peers, while investors keenly await non-farm payroll data, due to be published later today. The benchmark equity indices extended their record rally for…
The markets traded within a narrow range and ended nearly unchanged, pausing after Wednesday's gains. After an initial rise, the Nifty fluctuated throughout the day and settled near its intraday lowest point at 24,302.15. Sector-wise, there was a positive trend with pharmaceuticals, IT, and automotive sectors seeing moderate…
The upside momentum with range bound action continued in the market and the Nifty closed the day with another gain of 162.65 points. After opening with an upside gap of 168 points, the market moved up further and registered new all-time high at 24307 in the early part…
View on market: Volatility Prevails, Market is searching for better value Asia-Pacific markets rose on Thursday mirroring similar overnight moves on the Wall Street as US economic data and Federal Reserve's June policy meeting minutes supported traders' rate cuts hopes.US stocks rose on Wednesday in a truncated session…
View on market: Volatility Prevails, Market is searching for better value Most Asia-Pacific markets rebounded Wednesday after the Federal Reserve Chair Jerome Powell indicated that the US is returning to a disinflationary trajectory. This affirmed hopes of monetary easing in the world's largest economy. Moreover, Powell's remarks came…
The domestic market took a breather, resonating with the mixed global trend, with the ECB showing caution regarding further rate cuts. In sectoral trends, IT stocks gained due to expected increases in discretionary spending, while auto stocks declined following lower-than-expected monthly volumes. The investors are closely monitoring the…
Overview The Indian electric vehicle industry is changing itself to restructure the transportation scenery with enormous potential driving people to slowly lean towards a change towards brighter and eco-friendly future for India while becoming a major producer as well as a key supplier of EVs into the world…
About ICICI Prudential Energy Opportunities Fund: India’s energy demand is expected to grow over the decade due to various factors like Growth in Per Capita Income, India’s focus on Manufacturing, Climate Change, etc. This expected growth, combined with government reforms in the energy theme, and India’s growth story…
View on market: Volatility Prevails, Market is searching for better value The US bond market experienced a downturn as traders considered the potential economic impact of the upcoming US presidential election in November. The markets were little changed on Monday morning. The Indian benchmark indices recouped losses from…