USD INR saw a turmoil last week and surprised market participants, it breached 81 levels and closed eventually at 80.47 levels.
Markets consensus is not expecting USD INR to continue falling and expect it to be consolidating between a range of 80 to 81.50 for next one week. Only a decisive b...Read more
Valuations & Euphoria - called The Adani's
Adani group is Indias leading business conglomerate having been founded in 1988 with the current market cap of 18.40 lakhs crore. The group has business interest ranging from energy to ports to cement, power, defence, fmcg and the group compan...Read more
Analysts at ICICI Direct have upgraded Nifty targets of 18600 by end of Calendar Year 2022. Sectors which are expected to show outperformance are Banking, Financial Services, Autos, Capital Goods and Public Sector Undertakings. Strong support as per ICICI Direct is placed at 16...Read more
Gas prices are on boil in Europe on back of Russians cutting down on its supply; Electricity prices have gone off the roof. The results, Europe has seen multiple fertiliser plants shut down.
Top that with the fact that two of the biggest fertiliser producer of the world- Russia and Ukraine are at war.
The DXY is hovering around 108.94. Its recent high stands at 109.29.
USD INR is hovering around 79.87. So where are we headed on the currency.
The Dollar Index is strong and INR is likely to weaken in months ahead. Rising Interest rate scenario has not peaked out yet . The key level on USD INR to watch is 81.3...Read more
The Markets have been in correction mode since mid Oct 22 and seen drop of nearly 16% from 18604 levels to current Nifty of 15556 Let us try evaluate how different segments of markets have performed during last 6 months starting January 2022.
The maximum drawdown during this period has happene...Read more
BofA has remained cautious on the Indian markets and has cited five reasons for its stance. These are: Fast tightening monetary conditions, slowing growth/fears of US recession, earnings cuts, prices of crude oil and valuations. According to the brokerage, most of the above negative events are either likely to play out over the next two-thre...Read more
Markets saw a sharp bounce yesterday of 288 pts on Nifty. Nifty closed at 15638 up 1.88%.
What we are witnessing on Nifty is a pullback rally and it does not indicate change in trend from down to up. A sustained move higher is still off the cards.
The correction seen in the stock markets thus far is insufficient and there are significant downside risks, given the way macroeconomic data is shaping up, a Nomura equity strategist said on Thursday.