Tag: Local Markets

Indian benchmark indices Sensex and Nifty fell for the fourth consecutive day on September 22, despite the inclusion of Indian bonds in the JP Morgan Government Bond Index-Emerging Markets (GBI-EM) global index suite from June 2024. The market is expected to remain volatile in the near term, with key support at 19,600 for Nifty.

Indian stock markets fell for the third consecutive day on September 21, tracking weak global cues. The US Federal Reserve maintained the status quo in its policy meeting but indicated that interest rates will remain higher for longer. This led to selling by foreign institutional investors (FII) and elevated crude oil prices remained a concern. Broader market performed even worse than the benchmark indices. All sectoral indices, barring Nifty Media, closed in the red. Nifty PSU Bank was the biggest loser during the day, falling 2.28 percent. Analysts believe that the market may remain volatile in the near term due to factors such as the hawkish stance by the US Fed, rising oil prices and erratic rainfall. However, they advise investors to stay stock-specific with a focus on risk management.

The Indian benchmark indices ended lower on September 18, 2023, in a volatile session, tracking weak global cues. The market is expected to remain volatile in the near term, ahead of the outcome of the US Federal Reserve meeting on September 20, 2023. Investors are advised to be cautious and trade with a stop loss in place.

Indian equity indices continued their record run on September 15, with the Nifty crossing 20,200 for the first time. Analysts are optimistic about the outlook for Indian markets, given the firm global market cues and the anticipation of a halt in rate hikes by the US Federal Reserve.

Indian stock markets hit record highs on September 15, with the Nifty crossing the 20,200 mark for the first time. The markets were supported by strong global cues and expectations of a rate hike pause by the US Federal Reserve.

The Indian stock market ended marginally higher on September 14, with the Sensex rising 52 points and the Nifty gaining 33 points. The market opened on a strong note and touched record highs, but profit-taking by investors in heavyweights trimmed the gains. The sectoral analysis showed that oil & gas, realty, metal and PSU Bank gained, while FMCG index ended with marginal cut. The outlook for the market is positive, and the Nifty is expected to test the 20,300 level in the near term.

the Nifty 50 crossed the 20,000 mark on September 11 despite FII selling due to a combination of factors, including inflows from domestic institutional investors, increased activity in Nifty contracts on the first lone weekly expiry, and optimism on India’s growth prospects.

The Indian stock market hit a new record high on September 11, 2023, with the Nifty 50 index crossing the 20,000-mark for the first time. The gains came despite a mixed global trend, with most major markets closing lower. The rally was supported by strong domestic macroeconomic data, a breather in August, and resilient buying from domestic institutional investors.

The Indian stock markets continued their winning streak on September 11, with the benchmark Nifty closing at a record high of 19,996.30. The market was buoyed by strong domestic fundamentals, including robust economic growth and positive corporate earnings. Technical analysts said that the Nifty is now in an overbought position and could see some consolidation in the near term. However, they expect the market to continue to trend higher in the long term.