News Roundup and Market Update 14/10/2021

News Roundup ▫️PM launched National Master Plan 'Gati Shakti' which will enhance national connectivity and boost infrastructure. ▫️ CarDekho became a Unicorn, after getting $1.2 billion valuation. ▫️ Import taxes on edible oil has been cut sharply to 5% from 20%. ▫️Dish TV Board of Directors rejects Yes Bank's EGM request. ▫️Foxconn, Nokia and Tejas [...]

News Bulletin and Market Update: 11/10/2021

News Bulletin ▫️ Andhra Pradesh, Delhi and Rajasthan seeks centre support for power crisis. ▫️Centre clears the fear over coal crisis and said there is enough coal with Coal India Limited and power companies to provide power to the country. ▫️Reliance Industries bought foreign solar panel equipment manufacturer REC Solar Company for ₹5,800 crores. ▫️ [...]

News Bulletin and Market Update: 01/10/2021

Market Update▫️Indian markets continued to fall for 3rd straight day, as weak overseas sentiment weighed on the domestic markets.▫️Sensex and Nifty plunged to 59,126 (-0.48%) and 17,618 (-0.43%).▫️ Market Breadth was almost flat with advance decline of 906:901. However, midcap and small cap indices outperformed the benchmark and closed positive.▫️ Volatility eased down yesterday, with [...]

Market Update and News Bulletin: 30/09/2021

Market Update▫️Indian markets continues their sell off on Wednesday, amid weak global markets, rising treasury yields and rising inflation concerns.▫️Indian bond market is also seeing wide selling as there has been 5-15 bps increase in the bond yields.▫️At the end of the day, Sensex and Nifty closed at 59,413 (-0.43%) and 17,711 (-0.21%).▫️ Private Banks, [...]

Market Update and News Bulletin: 24/09/21

Market Update▫️Indian markets witnessed a record high session yesterday, on back of global markets support and smart local economic recovery.▫️Sensex and Nifty jumped to 59,885 (+1.63%) and 17,823 (1.57%).▫️All sector indices were positive yesterday, with real estate outperforming the benchmark, supported by Banks and financial services.▫️ Market Breadth was positive with Midcap and Smallcap indices [...]

Market Analysis and News Update: 23/09/2021

Market Update ▫️Indian markets traded in a narrow range yesterday, ahead of US Fed Policy Outcome. ▫️Sensex and Nifty ended flat at 58,927 (-0.13%) and 17,546.55 (-0.09%). ▫️ Sectorwise, Media and Realty outperformed, while financial services and private banks suffered. ▫️Overall, market breadth was positive with Midcap and Smallcap indices climbing 1.7% and 1.4%. Advance: [...]

Market Update and News Bulletin: 22/09/21

Market Update ▫️Indian markets witnesses a mixed session yesterday, and markets recovered sharply in the second half after fears of contagion effect from the fall out of Evergrande eased. ▫️Sensex and Nifty closed positive at 59,005 (+0.88%) and 17,562 (+0.95%). ▫️ Volatility Index VIX fell by 5.55% to 16.52, reflection increased investor confidence. ▫️Real Estate, [...]