The US debt ceiling bill has cleared the House that has brought some relief with US futures recovering on June 1 while most shares in the Asian markets were trading higher too. SGX however, is still a bit soft and indicating a start in the red for Sensex and Nifty 50. This is after the market snapped the four-day winning streak yesterday. There was a decline led by financials. One of the reasons was also China’s manufacturing activity which contracted faster than expected. However, on a larger picture, the momentum seems to be intact as the FII continued to buy. Meanwhile, quarterly GDP data ..read more

Indian benchmark indices — Sensex and Nifty 50 — are likely to open lower as SGX Nifty indicated a gap-down start for May 31 session. This, is even as the momentum continued for the domestic market as of yesterday. Sensex and Nifty 50 were at fresh five-month highs and the sense is that the indices are just about a percent away from record highs. It seems it's only a matter of time till the market gets there, while the Nifty Bank and midcap index are already at record closing highs. Overall, the earnings season is over. Therefore, the focus is back on global markets. The US markets continue ..read more

The market did extend Friday’s gains on Monday. The Sensex and Nifty were at five-month highs. The Nifty Bank ended at record closing high, led by the likes of HDFC Bank, State Bank of India and IndusInd Bank. The midcap index too posted a record close. So it seems that the Nifty and Sensex are making their way to all-time highs. One of the key factors supporting this is the FIIs, which bought for the sixth consecutive session. They net bought around Rs 17,058 crore in Monday’s trading session. And DIIs have bought for the seventh consecutive trading session, where they bought around Rs 853 c ..read more

Indian benchmark indices — Sensex and Nifty 50 — are headed for a gap-up opening on May 29 following strong the rise in Asian shares and US futures buoyed by a weekend deal by US President Joe Biden and congressional Republican Kevin McCarthy to suspend the government's debt ceiling. The SGX is indicating a positive start. On Friday, the US tech-heavy index NASDAQ launched a fifth week of gains. Meanwhile, the domestic market closed at five-month highs with the Nifty 50 ending at almost 18,500, the highest closing level seen in 2023. Brent crude ticked marginally higher as hopes of a debt c ..read more

The market managed to end the May series on quite a strong note with two consecutive series of games with the Nifty sharply recovering from the intra-year lows, and today we we are looking at going into the fresh June series. It’s a slightly soft setup in terms of the global markets, as a significant amount of uncertainty has gone ahead and introduced significant volatility in the US market. However, on Thursday, the Nasdaq closed higher by almost 1.7 percent on the back of sharp results from Nvidia. Meanwhile, the European markets continued their decline. On Thursday, there was quite a shar ..read more

Today, what we are looking at is a very volatile and frankly, quite a muted set of queues as far as our own markets are concerned. There continues to be significant amount of uncertainty regarding reaching the settlement of the US debt ceiling limit. Also, Fitch rating has now placed the US ‘AAA’ rating on a negative watch. US markets ended lower and Dow Jones, which ended almost 0.8 percent lower, was down for the fourth trade session when you're talking about European markets. Australia's trading session was on the back of significant uncertainty.  On the other hand, Brent futures as ..read more

Indian indices — Sensex and Nifty 50 — are likely to open lower on May 24 following a very mixed set of queues from global indices. Indian markets too have been very range bound with a bit of volatility, especially in yesterday's last hour of trading session. US indices ended lower between 0.7 percent to 1.2 percent. Given the fact that there continues to be a stalemate regarding the US debt ceiling remit, European markets too ended lower. In the global handover overnight, crude oil prices gained a bit given the fact that a Saudi Energy Minister has warned speculators against short selling ..read more

Indian equity indices — Sensex and Nifty 50 — are likely to open marginally higher on May 23, after gains in the previous session, as global cues improved on progress in US debt ceiling talks. At 8:11 am, India's NSE stock futures listed on the Singapore Exchange were up 0.15 percent at 18,362.50. Meanwhile, most Wall Street equities closed higher on Monday after debt ceiling talks resumed in the US. The European markets too saw quite a bit of a mix closed. As the quarterly results season nears the end, it must be noted that the January to March 2023 quarter has not been as bad as anticipate ..read more

As we wind down towards the end of the fourth quarter and the FY23 earnings season, a whole host of companies will be declaring their results this week, which will keep market parts extremely busy. The US markets last week ended with gains despite worries as well as multiple debates regarding the debt ceiling limit. And cues in European markets make them slightly positive. If you look at the weak that went by, crude oil prices, rent futures actually ended lower by over 0.8 percent at slightly about the $75.5 a barrel-mark, while future is now fading closer to the $72 a barrel mark. Last week ..read more

We know we are ending a week where you actually saw the Nifty underperform, and the Nifty saw profit booking emerge at all higher levels. In fact, the Indian markets have declined continuously for the past three trading sessions. On Thursday, the Nifty did see a gap of opening and it also saw a favourable global backdrop. However, despite that, it could not hold on to the opening gains yesterday. Meanwhile, the US markets ended with gains. The Dow Jones ended around 0.4 percent higher and the S&P 500 as well as Nasdaq, both ended with gains of over a percent now, against a favorable backdr ..read more