- 20 Sep
Satish Ramanathan, CIO-Equity at JM Financial Mutual Fund
Ramanathan seems to be bullish on the Indian economy and the stock market in the medium to long term. He is particularly bullish on the textile sector and the EV chain. However, he is also cautious of the risks of a recession in the US and the impact of rising interest rates.
- 19 Sep
Market Summary for September 18, 2023
The Indian stock market saw some profit-booking, but the overall sentiment remains positive. The Nifty50 index is expected to hold above 20,000 and the Bank Nifty index above 45,700. The PSU bank sector is expected to outperform. Investors can look to buy on dips in the Nifty50 and Bank Nifty indices, and in PSU bank stocks.
- 18 Sep
Indian Benchmark Indices End Lower on September 18, Market to Remain Shut on September 19
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.
- 18 Sep
Indian Stock Markets to Remain Closed on Ganesh Chaturthi
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.
- 18 Sep
Market Outlook for the Week of September 18-22, 2023
The Indian stock market is expected to remain bullish in the coming week, supported by positive macro data and continued buying from domestic investors. However, experts caution that the market is overbought in the short term and could see some profit-booking at higher levels. Key Levels Support: 20,000, 19,900 Resistance: 20,300, 20,480-20,500
- 16 Sep
Indian Stock Market Hits Record Highs
The Indian stock market hit record highs in the third week of September 2023, supported by strong domestic fundamentals and positive global cues. The Nifty crossed the 20,000 mark for the first time. However, analysts advise caution due to the sharp run-up in recent days. The Nifty is expected to remain above the 20,000 mark in the short term, with potential to move towards the 20,480-20,500 range. Investors should focus on investing in companies with strong fundamentals and a long-term growth outlook.
- 16 Sep
Indian Stock Market Performance in the Third Week of September 2023
The Indian stock market continued its winning streak in the third week of September 2023, hitting record highs. The rally was supported by positive macro data, continued buying from domestic investors, and a fall in selling by FIIs. Analysts are optimistic about the market in the near term, but investors should monitor global factors and focus on companies with strong fundamentals.
- 15 Sep
Nifty50 extends upward journey to 20,200, may test 20,500 soon
The Nifty50 and Bank Nifty indices are in a bullish trend and may continue to move higher in the coming sessions. However, traders should be cautious and maintain appropriate stop losses.
- 15 Sep
Indian Stocks Hit Record Highs Amid Volatility
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.
- 14 Sep
Indian Equity Markets Close on a Positive Note, Nifty50 at Record Closing High
The Indian equity markets closed on a positive note on September 14, with the Nifty50 index closing at a fresh record high of 20,103. The market breadth was positive, with the advance-decline ratio standing at 1.4. The Nifty50 formed a spinning top candle on the daily charts, which is a neutral signal. However, the index closed above the 20,000 level, which is a positive sign. The market is likely to remain rangebound in the near term. Investors should adopt a cautious approach and avoid taking any large positions.