Key Highlights: The MPC voted unanimously to keep the policy repo rate unchanged at 4% for the tenth time. Reverse repo rate remains unchanged at 3.35%. The stance remained accommodative, five members voted in favor, while one voted for expressed reservations. CRR is maintained at 4% Projection for…
View on market: Stay Cautious, be with quality business: Asian stocks rose Thursday following the best day for U.S. shares this month, while the 10-year Treasury yield held a drop ahead of inflation data that will shape views on Federal Reserve policy tightening. Equities in Japan, Australia and…
NIFTY: NIFTY opened at 17370.10 with a gap up of 104 points. The index recorded its intraday low at 17339 within the first five minutes of trading and then moved further on the upside. Prices then started a process of consolidation and traded in a tight, narrow range…
View on market: Stay Cautious, be with quality business: Stocks rose Wednesday bringing some relief for markets from the concerns about tightening monetary policy. Shares climbed in Japan, South Korea and Australia, while U.S. equity futures advanced. The S&P 500 closed near session highs. The Singapore-traded SGX Nifty,…
NIFTY: NIFTY opened at 17279.85 with a gap up of 66 points. The index recorded its intraday high at 17306.45 a few ticks above the opening prices and then went into consolidation. That consolidation eventually broke on the downside and prices fall further to record its intraday low…
View on market: Stay Cautious, be with quality business: Asian stocks and U.S. equity futures rose Tuesday as traders weighed the resilience of the global recovery to tightening monetary policy. Shares advanced in Japan, Australia and South Korea, shrugging off a reversal on Wall Street on Monday in…
February 8, 2022
Morning Outlook 8th February, 2022
NIFTY: NIFTY opened at 17456.30 with a gap down of 60 points. The index first moved up, filled the gap down, and rallied further up to record its intraday high at 17536.75. Prices then started moving on the downside, saw a sharp decline of more than 400 points…
Indian Market Outlook: The Key benchmark indices rose over 2 percent during the week gone by led by the growth-oriented Budget. However, in the second half of the week, the market remained under pressure due to continued FII selling, rising bond yields & crude oil prices and weak…
View on market: Stay Cautious, be with quality business: Stocks and U.S. futures dipped Monday amid intensifying bets on Federal Reserve interest-rate hikes that are also weighing on bonds. Australian debt slid and Treasuries remained lower. Shares in Japan, Australia and South Korea retreated, while S&P 500 and…