Rajeev SrivastavaIndia’s benchmark indices the Sensex and the Nifty, which touched fresh highs in November, have fallen prey to outflow from foreign investors and corrected by about 1 percent each in the first week of December.Close The uncertainty over the US-China trade deal as December 15, 2019 deadline nears continues to weigh on the global as well as domestic markets. related news Smart money is moving into market ahead of Budget 2020: Atul Suri Initiating coverage: HDFC AMC and M&M among 10 stocks that could return 10-40% in 2020 Market Headstart: Nifty likely to open higher on Fed status quo; Ujjivan Small Finance Bank eyed India’s GDP slipping to a six-year low in the September quarter and the surprise move by the Reserve Bank of India (RBI) to leave key policy rates unchanged has also not gone down well with the investors, especially the foreign institutional investors (FIIs).The foreign portfolio investors (FPIs), who have been net buyers with an … [Read more...] about ‘FPIs continue to dominate Indian Equities; mid & small-cap stocks to be in limelight’
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Tracking positive global cues, the bulls remained in control of D-Street on December 12 pushing the Sensex higher by more than 150 points while the Nifty flirted with 12,000.Let’s look at the final tally on D-Street: the Sensex rose 169 points to 40,581, while the Nifty closed 61 points higher at 11,971 after touching an intraday high of 12,005.Close Sectorally, the action was seen in metals, public sector, auto, banks, and capital goods space, while profit taking was visible in IT and telecom stocks. related news Hot stocks: One sell, two buy ideas for 7-9% returns Closing Bell: Nifty ends above 11,950, Sensex gains 169 pts; metal, bank shine IT remained under pressure largely on account of the Indian rupee touching one-month high against the US dollar.The BSE Midcap index was up 0.69 percent and the BSE Smallcap index rose 0.59 percent.Investors waited for infrastructure output and inflation data that was to be released after the market hours.“US FED’s … [Read more...] about Taking Stock: Bulls charge D-St! Ujjivan Small Finance up 50% on listing day
Gaurav GargSilver found a new high in September at Rs 50,672 per kg only to slide. Despite uncertainties surrounding the commodity market, it made a brief recovery in the festival month of October but didn’t come close to Rs 50,000. Let's take a look at the factors that may push silver prices to Rs 50,000 again in the new year.Gold and silver are the safe-haven destinations for investors troubled with economic conditions and worried about the uncertainties of equity markets. The stock markets are at all-time highs. If we look at US, Asian and European markets, they continue to push higher with every passing day.Close We do have an ongoing threat of a trade war between the US and China, but there is hope that the two countries are closing in on phase of an agreement. However, there is a growing concern about the direction of the global economy, which seems to be trading sideways. A continuation of this movement over the next year will give a natural lift to the price of silver. … [Read more...] about What will it take for silver to scale Mt 50k in 2020?
The Nifty remained positive throughout the session to close half a percent higher on December 12, thanks to a dovish commentary from the US Fed and ahead of the UK exit polls. Banks, auto and metals stocks led the market higher, though IT capped gains.The index failed to hold on to the psychological mark of 12,000 touched intraday but closed above the 13-day exponential moving average (EMA), which indicates that the positive trend can continue in the coming sessions, say experts.The index formed a bullish candle on daily charts as the closing was higher than the opening value.Close India VIX fell by 0.24 percent to 13.34 levels. Lower volatility could support the index to attract support- based buying interest with a rangebound bias. related news Demand looking up for autos; these stocks likely to gain the most Morgan Stanley bullish on NTPC, Adani Ports and L&T Infotech Ujjivan Small Finance Bank: Should investors buy, sell or hold after the bumper listing? After … [Read more...] about Technical View: Nifty forms bullish candle, a close above 13-day EMA points to positive trend ahead