Tag «nifty»

Inflation rises; Sensex, Nifty shed all their gains

16th September, 2013 : Comments by Amar Ambani, Head of Research, India Infoline After a strong start, the Indian equity market ended in the red erasing all its early gains after the WPI inflation rose at the fastest pace for six months in August, driven by an 18% jump in food prices. The inflation surged …

Nifty conquers 5,900

11th September, 2013 : Comments by Amar Ambani, Head of Research, India Infoline (a well diversified financial services company) Amar Ambani, Head of Research, at IIFL said “Continued appreciation of the currency and softening of the 10-year G-Sec yield further strengthened the positive sentiment for the banking sector. PSU banks trading near historic low valuations …

The day after…Nifty ends above 5550

5th September, 2013 : Comments by Amar Ambani, Head of Research, India Infoline  It’s been just a day that the new RBI governor has taken charge and the effects are already showing. The measures announced by Dr.Raghuram Rajan to liberalise financial markets and the banking sector lifted the Nifty and Sensex to surge past the …

Sensex Syriad…Nifty sinks 4%

3rd September, 2013 : Comments by Amar Ambani, Head of Research, India Infoline  It was a terrifying Tuesday on Dalal Street as the Nifty and Sensex erased almost three days of gains. The sell-off was so massive that benchmark indices, specially the BankNifty crashed 5.5% as the Indian currency once again breached the Rs68 per …

Happy weekend: Nifty ends above 5470

Comments by Amar Ambani, Head of Research, India Infoline Happy weekend:  Nifty ends above 5470 The Indian equity market ended near day’s high on Friday extending its winning streak for the third consecutive trading session. Today’s rally was led by the banking, healthcare, FMCG, IT and the telecom stocks. On the other hand, metals, capital …

Turbulent Tuesday…Rupee, Food bill sink Nifty below 5300

27th August, 2013 : Comments by Amar Ambani, Head of Research, India Infoline Turbulent Tuesday…Rupee, Food bill sink Nifty below 5300 There was absolute ruckus on the street as the Nifty closed near its lowest level since September 6, 2012 even as the BankNifty ended at its lowest level since January 11 2012. The main …

Healthy recovery…Nifty reconquers 5,400 mark

22nd August, 2013 : Comments by Amar Ambani, Head of Research, India Infoline Healthy recovery…Nifty reconquers 5,400 mark The Indian equity market, for the first time in four days, showed some signs of a recovery with the Sensex shutting shop above the 18,000 mark while the Nifty reconquered the 5,400 mark once again. This, despite …

Wicked Wednesday

21st August, 2013 : Comments by Amar Ambani, Head of Research, India Infoline Wicked Wednesday! Nifty ends 200 points off day’s high Bulls were once again at the receiving end on Wednesday as the Nifty ended at its lowest level since September 6, 2012 while the Sensex plummeted to its September 11, 2012 lows. In …

Rupee recovers; indices pare losses

20th August, 2013 : Comments by Amar Ambani, Head of Research, India Infoline Rupee recovers; indices pare losses The cup of sorrows for Indian investors shows no sign of ebbing after both the government and foreign institutional investors left them in the lurch. The Nifty continued to flirt with 5400 as the rupee see-sawed with …

Manic Monday! Nifty just afloat 5400 levels

19th August, 2013 : Comments by Amar Ambani, Head of Research, India Infoline   Manic Monday! Nifty just afloat 5400 levels The bear onslaught continued on day two, with the Nifty losing another 93 points led by a weakening rupee. The Nifty barely managed to hold on to the 5,400 mark. The Indian currency weakened to …