Market Outlook Quite an interesting day, where Nifty, despite opening in the green, gave up most of the gains from yesterday, but the broader market didn’t. So the entire pressure of the market was concentrated on large cap names and the mid and small cap index was paired. So this largely happened due to some big caps, some big names. Nifty Heatmap So Bajaj Finance, Bajaj Finsurf, Kotak bank, second day running, State bank also gave up 1.4% and you had nestle dropping 3%, Maruti 1.7%, Mahindra 2.5%, Reliance, half a percent pretty much across the board, a lot of red with just small number of ..read more

Exploring Gold Seasonality: Insights from 30 Years of Data Intriguing insights emerge from a comprehensive analysis of gold seasonality, as depicted in the chart from seasonalcharts.com. This chart encapsulates the trends observed in gold prices over the past three decades, offering valuable insights into the cyclical nature of this precious metal’s movement. Source : Seasonalcharts.com The chart reveals distinctive patterns in gold prices across different months of the year. Notably, the first two months typically witness a rise in gold prices, followed by a decline in March and April. How ..read more

In this insightful analysis, we’ll examine the performance of four prominent banks over the past four years: ICICI Bank, Axis Bank, HDFC Bank, and Kotak Bank. Starting with ICICI Bank, we observe a remarkable gain of 110% since January 2020, showcasing its robust performance over this period. On the other hand, Axis Bank has registered a 50% gain, while HDFC Bank and Kotak Bank have shown relatively modest growth, with HDFC Bank at 21% and Kotak Bank at 0%. Unforeseen Outcomes: Varied Performance The contrasting performance of these banks highlights the unpredictable nature of the market ..read more

Market Outlook Nifty opened gap down, aligning with overnight cues, appearing weak initially. The primary cause of this weakness stemmed from RBI action on Kotak Bank, which experienced a significant drop of 10 or 11% in the morning, signaling a potential end to the uptrend of the past four days. However, within an hour or so, the market reversed its course, posting a substantial intraday gain of over 250, almost 300 points at one juncture. This demonstrated a very strong move for the day, surpassing the barrier set since March. Today’s candle exhibited a bullish, engulfing pattern over the ..read more

Analyzing Gold Price Trends In this insightful analysis, we’re diving into the gold price trends, specifically in INR. Over the past couple of months, there has been little change in the USD to INR exchange rate, making the gold price chart in both currencies practically identical. What’s fascinating to note is the significant surge in gold prices in India starting from mid-February, right after Valentine’s Day. We’ve seen prices soar from 61,000 per 10 grams to a remarkable 75,000, marking a substantial gain of over 20%. Understanding Market Dynamics Large round numbers often trigger cert ..read more

Market Outlook The day proved to be rather lackluster in market activity. It opened with a slight gap up from yesterday’s close, showing marginal upward movement before closing well within the previous day’s range. This cautious behavior suggested a lack of full confidence in further upward momentum, resulting in a day of consolidation. Despite significant gains in the past three sessions, today marked a pause in the market’s upward trajectory. Overall, it was a neutral day with a slightly positive bias. Nifty Heatmap IT stocks were down, TCS, Infosys tech, Mahindra all down. You had relia ..read more

Today, we’re delving into an intriguing infographic from Samco focused on India’s market dynamics. One key metric highlighted is the VIX, which measures market volatility. Surprisingly, the VIX has taken a sharp 17% dive, catching many off guard, especially considering the impending election results. Typically, during election periods, one would expect the VIX to rise due to increased uncertainty. However, the current drop suggests otherwise. Source : SAMCO Reflecting on past election cycles, such as the 2014 and 2019 results, we witnessed significant VIX drops post-election, indicating a r ..read more

The unpredictability of financial markets often catches investors off guard, challenging their assumptions and preconceptions. In this discussion, we shed light on the importance of avoiding complacency and adapting to evolving market dynamics. Historical trends are no guarantee of future performance, as demonstrated by recent anomalies across various asset classes. Surprising Commodity Trends Take, for instance, corn futures traded in the US market. Within a mere year and a half after 2020, corn prices surged from $300 to over $800 per unit. Such a drastic threefold increase in a staple com ..read more

As Tesla gears up to enter the Indian market, one might expect its stock to surge in anticipation of tapping into a vast automobile market. However, the reality is quite surprising. Despite the buzz surrounding its India expansion, Tesla’s stock has been on a downward trajectory, exhibiting significant volatility over the past year. This raises questions about how global investors perceive the company’s prospects amidst such crucial announcements. The journey of Tesla’s stock price reflects a rollercoaster ride for investors. From reaching highs of over $400 in 2021 to plummeting to nearly ..read more

Let’s dive into the fascinating journey of Nestle India as depicted in this 14-year chart analysis. From its humble beginnings around Rs200 in 2010 to its current impressive price of approximately Rs2500 in 2024, Nestle India has emerged as one of India’s biggest success stories. Despite encountering challenges like the COVID crash and occasional market hiccups, Nestle India’s trajectory has been overwhelmingly positive. The Perils of High Valuations At present, Nestle India trades at around 75 times earnings, signifying its status as a high-growth company. However, even if its stock price ..read more