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24th July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline Nifty sinks below 6,000 on RBI liquidity scorcher Yet another couple of measures by the Reserve Bank to prop the rupee in less than 10 days left the Indian equity market running for cover on Wednesday. The central bank on Tuesday after …
12th July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline Infy beats street; Nifty closes above 6000 It was another day of stellar gains for the Indian equity market. The benchmark indices continued their upswing on day two on strong set of results by Infosys. The IT bellwether reported an about 4% …
10th July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline Mkt sheds gains on weak European cues, profit-booking The Indian equity market ended near the day’s low on Wednesday erasing the day’s gains on weak European cues and profit-booking at higher levels. The Nifty barely managed to close above the 5800 mark …
1st July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline What a start to the week! After enjoying a fantastic Friday, the Indian equity market continued its winning streak on Monday with the Nifty ending a shade below the 5900 mark. The Sensex managed to close above the 19,500 mark at 19,577, …
28th May, 2013 : Nifty retakes 6100; long rollovers positive The market surged post noon on the back of cash buying in auto, oil and gas, and consumer durable stocks. Bulls will take heart that the Nifty has managed to close above the 6,100 mark. However, things didn’t look so rosy when the markets opened …
27th May, 2013 : Monsoons, RIL propel Nifty near 6100 levels The Indian equity market extended gains for the second consecutive trading session on the trot on news that the monsoon is likely to touch the Arabian coast in the next three days. The technical pullback resulted in the Nifty almost touching the 6,100 mark. …
24th May, 2013 : Mkt snaps 4-day losing streak, Nifty ends below 6K The market snapped out from its four-day losing streak on Friday shutting shop with marginal gains. However, the Nifty ended below the 6,000 mark. After Thursday’s crash, the benchmark indices opened with a positive gap following a sharp rebound in the US …
It was a highly-volatile market session with indices ending near the day’s low. This is the second straight day of losses for the benchmark indices. Sentiment was dampened after the rupee depreciated 30 paise against the dollar, touching a three-month low of 55.2975. Selling pressure further intensified as investors tracking weakness in the European markets …
The equity market ended in the negative, snapping a four-day winning streak. Starting off the week on tepid global cues, the market was gripped by profit-booking at higher levels. Intense selling pressure was seen in pharmaceuticals, consumer durables and oil and gas space. Last week’s outperformers — banking stocks — were under pressure in today’s …