Daily Report

Wednesday, September, 30, 2020

Daily Reports 30 September 2020

Our benchmark indices started off on a positive note onTuesday but witnessed profit taking at higher levels tracking a nervous trend in global. Further, our domestic markets witnessed lack of direction and cautiousness was witnessed with the RBI monthly policy meet being postponed leading to negative bias. On sectoral front, Bank Nifty,FMCG, Realty dragged over 1%

Tuesday, September, 29, 2020

Daily Reports 29 September 2020

Indian benchmark indices started off on a positive note tracking strength from global cues. Further our indices spiked with optimism of a stimulus package announcement by the Government which led to an up ticking banking and non-banking financial services as well as auto sector. On the sectoral front, Auto, Bank Nifty, Metals, Media & Realty closed in green

Friday, September, 25, 2020

Daily Reports 25 September 2020

Rising Covid-19 cases with fear of second wave of pandemic almost across globe and lack of signs of vaccine availability led to a blood bath in the Indian stock markets. Moreover, Markets followed global indices which declined on concerns about economic revival with muted business activity data and lack of fiscal stimulus cues..

Thursday, September, 24, 2020

Daily Reports 24 September 2020

Our Indian benchmark indices continued their negative note for the 5th straight trading session on Wednesday. Despite a positive turn in global markets, the weakness ensured that the recent“sell on raise”mode remained intact ahead of the monthly contract expiry. On sectoral front, barring the realty sector which ended positive note by nearly 1%,the remaining sectors

Wednesday, September, 23, 2020

Daily Reports 23 September 2020

It was a third consecutive fall for the benchmark indices after a range breakdown on Friday. Expected fresh lockdown announcement sometime soon due to rising cases triggered the market sentiments and dragged benchmark indices down. Moreover, blur chances of immediate availability of any covid-19 vaccine too kept the investors bewildered……………………..

Tuesday, September, 22, 2020

Daily Reports 22 September 2020

Our Indian Benchmark Indices continued ending on a negative note for the third trading session on Monday. Amid weakness opening from global cues where the benchmark indices went through selling pressure in the second half after global selling pressure in banking financial sectors in Europe retreated global emerging markets. The weakness due to rising Covid 19

Friday, September, 18, 2020

Daily Reports 18 September 2020

FED’s decision to hold the interest rates until 2023-24 amid lack of signs of recovery in the world’s largest economy dampened the sentiments across the globe. Further,sluggish growth in US auto sales and marginal retail sales growth too kept the environment stressed. Thereby Indian benchmark indices opened on a negative note & traded with a range bound volatility

Thursday, September, 17, 2020

Daily Reports 17 September 2020

Indian benchmark indices traded with high volatility tracking mixed global trends on Wednesday. But in the second half, the indices turned from sideways after a Russian direct investment fund announced agreed co-operation with DR REDDY for distributing the Covid-19 vaccine in India leading to a spike in pharma stocks………………view pdf to read more.

Wednesday, September, 16, 2020

Daily Reports 16 September 2020

Indian benchmark indices continued with consolidation for the third session in a row but witnessed a bounce back after a plunge on Monday’s session. Where benchmark indices went through a selling pressure, Pharma known to be the defensive sector came in as a rescuer and gained 1.9%. News based and result based movement in few pharma majors lifted the entire sector up