Indian market snapped 5-day winning streak on Friday to close in the red tracking muted global cues. The S&P BSE Sensex fell more than 600 points while the Nifty50 managed to hold on to 22,400 levels. Sectorally, buying was seen in healthcare, realty, public sector and consumer durable while selling was seen in capital goods, … Read more
Synopsis Once again everything is looking green, the way things have panned out in the last four weeks, it appears that in March bulls were on short term break due to tight liquidity conditions. While the local liquidity condition might improve, one thing which needs to be taken into account is that with every rise … Read more
Indian market failed to hold on to the momentum and closed marginally in the red on Friday. The S&P BSE Sensex managed to hold on to 73000 while the Nifty50 closed below 22,200 levels. Sectorally, buying was seen in telecom, capital goods, realty, consumer durables and industrials while some selling was seen in oil & … Read more
India’s second largest private lender ICICI Bank has given more than 21% returns over a 12 month period and has outperformed not just BSE Sensex and Nifty50 but also banking indices Nifty Bank (18.4%) and BSE Bankex (16.5%). With robust Q4 earnings coupled with technical triggers, the stock is ready for the next leg of … Read more
MCX Gold futures hit lifetime highs on Friday on the intraday (Rs 59,461) and closing basis at Rs 59,420 per 10 gram. The April futures settled up by Rs 1,414 or 2.44% from the Thursday closing price. Meanwhile, May Silver futures rallied over 3% and gained Rs 2,118 per kg to close at Rs 68,649. … Read more