Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Market Commentary

| More

Daily Markets - June 16, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Posted On: 2021-06-16 15:09:23 (Time Zone: UTC)


Indian Benchmark equity indices broke a four day winning streak and retreated from record highs following weak Asian cues and ahead of the US Fed meet outcome. The Nifty opened marginally in the negative, rose to go into the green in the first 20 minutes of trade but resumed its downtrend later. It closed almost at its intra day low. At close, the Nifty ended 101.7 points, or 0.64 percent, lower at 15,767.55.

Volumes on the NSE were similar to the previous day but below recent averages. Among sectors, IT was the only sector which ended marginally in the positive, while Realty, Power, Capital Goods, Consumer Durables, Telecom and Metals were the main losers. The BSE Midcap index closed 0.95 percent lower and the smallcap index fell 0.68 percent.

Markets mostly fell in Asia on Wednesday following a tepid lead from Wall Street. Fresh data out of China showed signs of the country's strong rebound from the Covid-19 pandemic starting to moderate, Chinese retail sales rose 12.4% YoY in May (vs 17.7% in April), despite the government's efforts to boost spending. China's industrial production grew 8.8% YoY in May, down from 9.8% YoY in April. Its fixed asset investment grew 15.4% YoY in May from 19.9% YoY a month ago. European stocks were slightly higher on Wednesday, aided by rising oil prices and as markets await the outcome of the U.S. Federal Reserve's policy meeting. Data on Wednesday showed British inflation unexpectedly jumped above the Bank of England's 2.0 per cent target in May and looked set to rise further as the country re-opens its economy from coronavirus-induced lockdowns.

Nifty fell ahead of the US Fed meeting as traders brought down their positions ahead of the event. This is also reflected in low volumes and sharply negative advance decline ratio. The market might be reluctant to push higher ahead of the Fed meeting beyond a point. While economists don't expect US Fed to alter rates or cut bond buying immediately, any indication of an earlier than expected roll back of stimulus may dampen sentiments. 15648-15835 is the band for the near term for the Nifty.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

Rupee - July 30, 2021 - Reliance Securities

Daily Market Wrap - July 30, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - July 30, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - July 30, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Post Market views - July 28, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Daily Market Wrap - July 28, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - July 28, 2021 - Bonanza Portfolio

Technical View - July 28, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Wrap - July 27, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty's immediate support at 15700 - Rahul Sharma - Equity99

Daily Market Commentary - July 27, 2021 - Bonanza Portfolio

Post Market views - July 27, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - July 27, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Post Market views - July 23, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Rupee - July 23, 2021 - Reliance Securities

Daily Market Wrap - July 23, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Currency Updates - July 23, 2021 - Kotak Securities

Technical View - July 23, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - July 23, 2021 - Bonanza Portfolio

Post Market views - July 22, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Daily Market Wrap - July 22, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Currency Updates - July 22, 2021 - Kotak Securities

Rupee - July 22, 2021 - Reliance Securities

Daily Market Commentary - July 22, 2021 - Bonanza Portfolio

Technical View - July 22, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Wrap - July 19, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - July 19, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Daily Market Commentary - July 19, 2021 - Bonanza Portfolio

Rupee - July 19, 2021 - Reliance Securities

Technical View - July 19, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - July 17, 2021 - Reliance Securities

Market Outlook - Technical - July 17, 2021 - ICICI Direct

Rupee - July 16, 2021 - Reliance Securities

Daily Market Wrap - July 16, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - July 16, 2021 - Bonanza Portfolio

16000 very much in sight now, banks need to chip in : Angel Broking

Kotak Securities - Evening Currency Updates - 16-07-2021 - Anindya Banerjee

Post Market views - July 16, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - July 16, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Post Market views - July 15, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Daily Market Wrap - July 15, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Technical View - July 15, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Pre-Market views - July 15, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Rupee - July 14, 2021 - Reliance Securities

Daily Market Wrap - July 13, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - July 13, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - July 13, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - July 13, 2021 - Reliance Securities

Daily Market Commentary - July 13, 2021 - Bonanza Portfolio

Daily Market Wrap - July 12, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020