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

| More

Daily Market Commentary - Oct 19, 2021 - Bonanza Portfolio

Posted On: 2021-10-19 22:20:15 (Time Zone: IST)


Mr Vishal Wagh, Research Head

Indian equity benchmarks extended their previous session's gains with a record high opening on Tuesday tracking gains in Asian peers. Markets trimmed some of their gains in the late afternoon session as traders opted to book profit from the recent rally. However, markets were trading marginally in green as traders took support after RBI remained a net buyer of the US currency in August after it nets purchased $3.747 billion from the spot market. In the reporting month, RBI had purchased $10.887 billion and sold $7.14 billion in the spot market, according to the monthly RBI bulletin for October 2021. Some comfort also came after the Reserve Bank of India in its latest monthly bulletin 'October 2021' showed that domestic demand is gaining strength while aggregate supply conditions are recouping, powered by the robust performance of Kharif agricultural production and revival in manufacturing and services. Traders were seen piling up positions in IT, TECK, and Capital Goods sectors while selling was witnessed in Realty, Basic Materials, and FMCG sectors' stocks. Both Sensex and Nifty are trading around 61,629 and 18,390 levels.

Banking shares were in focus as Global rating agency Moody's upgraded the outlook on the Indian banking system from 'Negative' to 'Stable' on the back of stabilizing asset quality and improved capital. On the global front, Asian markets were trading mostly higher as optimism over corporate earnings provided some respite from long-running worries about inflation, central bank tightening, and signs of a slowing economic recovery.

In Nifty 50 top gainers Tech Mahindra, Larsen, Bajaj finserv, Infosys, and HDFC Bank. The losers are ITC, Tata Motors, Eicher Motors, Titan company, and JSW steel.


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





Other Headlines:

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

Evening Currency Updates - Nov 30, 2021 - Kotak Securities

Rupee - Nov 30, 2021 - Reliance Securities

Daily Market Commentary - Nov 30, 2021 - Bonanza Portfolio

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

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

India must regulate cryptocurrencies in consumer interest and to promote innovation: Esya Centre, ORF report

Evening Currency Updates - Nov 29, 2021 - Kotak Securities

Daily Market Wrap - Nov 29, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - Nov 29, 2021 - Mr Binod Modi, Head Strategy at Reliance Securities

Technical View - Nov 29, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Views on Rupee - Nov 26, 2021 - Reliance Securities

FIIs' selling is a key concern for the Indian equity market : Parth Nyati, Founder, Tradingo

Technical View - Nov 26, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Fresh increase in Covid-19 cases dent sentiments across the globe

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

Indian market witnessed a sharp sell-off today - Mr. Santosh Meena, Head of Research, Swastika Investmart

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

Daily Market Wrap - Oct 25, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Investors are advised to keep strict stop loss to their positions - Mr. Rahul Sharma, Co-Founder, Equity99

Post Market views - Oct 25, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - Oct 25, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - October 23, 2021 - Weekly Wrap - Reliance Securities

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

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

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

Rupee - Oct 21, 2021 Outlook - Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

Pre Market views - Oct 21, 2021 - Mr Binod Modi, Head Strategy at Reliance Securities

Daily Global Market Update by Kristal.AI - Oct 20, 2021

Rupee - October 20, 2021 Outlook - Reliance Securities

Pre-Market views - Oct 20, 2021 - Mr Binod Modi, Head Strategy at Reliance Securities

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

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

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

Rupee - Oct 18, 2021 - Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

Daily Market Wrap - Oct 18, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - Oct 18, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - Oct 18, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - Oct 18, 2021 - Outlook - Reliance Securities

Daily Market Wrap - Oct 14, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - Oct 14, 2021 - Bonanza Portfolio

Post Market views - Oct 14, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - Oct 14, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

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

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

Market in a strong position, a good move is expected from Banks, Automobiles and IT sector

Rupee - Oct 13, 2021 - Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

Daily Market Commentary - Oct 13, 2021 - Bonanza Portfolio

Technical View - Oct 13, 2021 - Mr. Subash Gangadharan, Senior Technical and Derivative Analyst, HDFC Securities

Daily Market Commentary - Oct 12, 2021 - Bonanza Portfolio


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

disclaimer copyright © 2005 - 2020