View on market: Volatility Prevails, Market is searching for better value Asian equities were primed to rise Tuesday following gains on Wall Street and after China stepped up support for its struggling property market. Futures for benchmarks in Japan, Hong Kong and Australia climbed more than 0.5% while…
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NIFTY: The NIFTY opened at 19422.80 with a gap down of 75 points. The index bounced up sharply, filled the gap, and moved further up to record fresh lifetime highs above 19500.Prices did not sustain there long and started a V-Shaped decline after recording its intraday high at…
View on market: Volatility Prevails, Market is searching for better value Asian markets were set for mixed open on risk of higher interest rates and recession to a potential turning point for Chinese tech companies and constructive dialogue between Beijing and Washington. Friday’s session on Wall Street saw…
NIFTY: The NIFTY opened at 19385.70 with a gap down of just 13 points. The index bounced after recording its intraday low at 19373 in its initial trades and saw a sharp upside move. The rally took a pause around 19450 and then prices started a process of…
View on market: Volatility Prevails, Market is searching for better value The futures for the Asian markets pointed to declines on Friday, after the Treasury yields spiked on surprisingly strong private hiring data. The S&P 500 declined 0.79% while the Nasdaq 100 fell less than 0.82%, after ADP…
NIFTY: The NIFTY opened at 19405.95 with a gap up of just 16 points. The index made an attempt to rise but failed to hold onto the higher levels and moved down. Prices could not go down much and found repeated intraday support around 19350. The index then…
View on market: Volatility Prevails, Market is searching for better value Asian markets were poised for declines after Wall Street closed lower on hawkish signals from the Federal Reserve’s latest meeting minutes. Asian markets were poised for declines after Wall Street closed lower on hawkish signals from the…
NIFTY: The NIFTY opened at 19406.60 with a gap up of 84 points. The index could not sustain at the higher levels and started drifting downwards from the opening tick. Prices found support around 19300, recorded its intraday low at the same place, and then bounced up sharply.…
View on market: Volatility Prevails, Market is searching for better value Asian markets were to open lower on Wednesday in subdued trading following a holiday for U.S. markets. Major currencies were little changed. Futures for Hong Kong, Japan and Australia all declined, while contracts for the S&P 500…