Sensex and Nifty settled with gains on August 14, tracking positive cues from other Asian markets after the US delayed tariffs on some Chinese imports.US President Donald Trump delayed his September 1 deadline for 10 percent tariffs on some Chinese imports, giving a boost to the risk appetite of investors.Close Back home, sentiment got a fillip after data showed India's retail inflation rate in July eased marginally to 3.15 percent, remaining comfortably within Reserve Bank of India's (RBI) target level of 4 percent, fuelling hope of a further rate cut by the RBI in its next policy meet. related news Market Live: Sensex, Nifty erase gains following inflation data; Airtel, IndusInd Bank top drags Hot Stocks: Nifty50 may have made a short-term top near 12,000 levels Early on D-Street | Nifty vulnerable for more downsides unless it closes above 11,950 Wholesale price-based inflation also fell to a multi-year low of 1.08 percent in July, mainly on account of cheaper fuel and … [Read more...] about An evening walk down Dalal Street: Delayed US tariffs lift market sentiments
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Indian benchmark indices Sensex and Nifty ended marginally higher on August 16 as intraday gains registered by ITC, Axis Bank and Maruti Suzuki were largely offset by losses in Tata Consultancy Services, Reliance Industries and HDFC shares.The market remained choppy throughout the session as sentiment remained fragile on lingering concerns over a slowdown in the economy, lacklustre June quarter earnings and weak global sentiment in the light of US-China trade war.Close Experts opined that the upward movement in the near future will remain capped due to weak consumer demand and uninspiring earnings. related news Market Live: Sensex, Nifty erase gains following inflation data; Airtel, IndusInd Bank top drags Hot Stocks: Nifty50 may have made a short-term top near 12,000 levels Early on D-Street | Nifty vulnerable for more downsides unless it closes above 11,950 “Consumer demand has continued to weaken in recent months. The earnings season was not … [Read more...] about An evening walk down D-St: Sensex, Nifty end marginally higher; Yes Bank jumps 4%
Indian equity market looks fragile at this juncture as global and domestic headwinds have eroded investors' risk appetite.At first glance, it appears that the trend of 'sell-on-rise’ is dominant as every one or two sessions of gain in the market is succeeded by a fresh wave of selling.While the worries over the US-China trade war remain, deteriorating domestic microeconomic health, plunging auto sales—a major indicator of the country's economic health—and the budget proposal of tax surcharge on super-rich have shaken India's position as an attractive market.Close "Markets mostly have been a one-way street since the presentation of Union Budget on July 5 when the government proposed to increase tax on foreign portfolio investors (FPIs) up to 42 percent," said Standard Chartered (India). related news 'India's long-term outlook is good; invest in these 5 stocks for double-digit returns' In Focus with Udayan Mukherjee | Can the stock market rally despite … [Read more...] about These 9 mid & smallcap stocks look attractive in a fragile market; do you own any?