Episodios

  • Market Savera

    Market Savera
    Jun 28 2024
    *NIFTY scales mount 24K* The S&P 500 closed with a narrow gain on Thursday as Wall Street looked ahead to fresh inflation data for clues as to when the Federal Reserve will begin to lower interest rates. Core inflation in Japan's capital rose in June (to 2.1% YoY vs forecast of 2.0%) on rising fuel bills and the boost to import costs from a weak yen The Japanese yen hit fresh 38-year lows against the US dollar, weakening to as low as 161.27 against the dollar. India is preparing itself for the inclusion of the nation’s government bonds into the JPMorgan Chase & Co. emerging markets index from today, opening up a $1.3 trillion market to a broader range of investors. Equities in Asia on Friday morning followed gains in US stocks overnight. Asian stocks were headed for a fifth straight month of gains on Friday, bolstered by the growing view that cooling inflation in the United States would allow the Federal Reserve to ease rates later this year. HCLTech’s 0.46% stake likely to be sold for Rs 1,757 cr via block deal on Friday Indian Oil to boost LNG portfolio to 20 million tonnes by 2030 Jubilant Ingrevia successfully received EIR from US FDA with Zero observations Nifty ended at record high on June 27 and crossed another milestone by scaling past the 24,000 mark. At close, Nifty was up 0.74% or 175.7 points at 24044. Nifty also registered a smart 6.9% gain in the Monthly F&O series that expired on June 27. Nifty could now rise towards 24240 resistances while 23754 could offer support in the near term. Indian markets could open higher, in line with mostly positive Asian markets today and higher US markets on June 27.
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    2 m
  • Market Savera

    Market Savera
    Jun 27 2024
    *Morning comments (HDFCSec Retail Research)* *Indian markets could open flat to mildly higher, in line with mostly positive Asian markets today and mixed US markets on June 26* US indexes ended marginally higher on Wednesday, lifted by Amazon.com Inc after it announced a major foray into generative AI. The firm also crossed the $2 trillion valuation mark. Big tech got hit in late US trading after Micron Technology Inc.’s outlook failed to meet the lofty expectations for the industry that has powered the bull market in stocks. Micron slumped in late hours, dragging down some chipmakers including giant Nvidia Corp. China's industrial profits rose at a much slower pace in May, official data showed on Thursday, underlining the struggles faced by the world's second-largest economy as weak domestic demand crimps overall growth. Earnings rose 0.7% year-on-year last month after a 4% increase in April while gains over the first five months also eased to 3.4% from 4.3% in the January-April period The Japanese yen hit a near-38 year low against the U.S. dollar late Wednesday, raising expectations that authorities could intervene in currency markets again. The yen weakened to 160.82 against the greenback according to FactSet data, breaching the previous record of 160.03 on April 29 and reaching its weakest level since 1986. US home sales slumped in May while the median sales price nudged lower, the Commerce Department reported Wednesday. Sales of new single-family homes totaled 619,000 for the month, down 11.3% from the upwardly revised figure for April, which was revised all the way up to 698,000 from the initial estimate of 634,000. The most anticipated economic data due this week is the US personal consumption expenditures (PCE) price index - the Fed's preferred inflation gauge - on Friday. Shares in Asia recovered early losses on Thursday morning after US tech companies dropped in late US trading. Nifty rose for the third consecutive session to close at yet another new all time high. At close, Nifty was up 0.62% or 147.5 points at 23868.80. Trend of the Nifty remains positive. The level of 23660 has become new support for the Nifty. On the higher side, next resistance is seen at 24125, which happens to be 138.2% Fibonacci retracement of the entire fall seen from 23338 (3rd June Top) to 22281 (4th Jun Bottom). *DJ (HDFCSec Retail Research)*
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  • Market Savera

    Market Savera
    Jun 25 2024
    The Dow rallied on Monday to a one-month high, while the Nasdaq fell over 1% as investors rotated out of AI-linked stocks, betting on Federal Reserve interest rate cuts this year. Nvidia slid 6.68% for a third session due to profit taking in the semiconductor bellwether after last week's sharp rise made it the world's most valuable company. India's current account balance recorded a surplus for the first time since April-June 2021, aided by lower merchandise trade deficit and higher services exports. India's current account balance recorded a surplus of $5.7 billion (0.6% of GDP) during January-March 2024 quarter, as against a deficit of $8.7 billion (1% of GDP) in the preceding quarter and $1.3 billion (0.2% of GDP) in the same quarter a year ago. For the full year, India’s current account deficit moderated to $23.2 billion (0.7% of GDP) during FY24 from $67 billion (2% of GDP) during the previous year on the back of a lower merchandise trade deficit. Asia-Pacific markets mostly climbed higher on Tuesday, even as U.S. Big Tech stocks sold off in favor of other sectors such as banking and energy. Nifty ended marginally higher in a volatile session after a lower opening on June 24. At close, Nifty was up 0.16% or 36.8 points at 23537.8. Nifty formed a bullish piercing line pattern on daily charts. However, the small range and falling turnover does not support the bullish outcome. In the near term Nifty could face resistance in the 23570-23667 band while 23290 could offer support.
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  • Market Savera - 24/06/2024

    Market Savera - 24/06/2024
    Jun 24 2024
    U.S. stocks finished mostly lower Friday as the technology sector fell, but major equities indexes still rose for the week. The S&P 500's tech sector was under pressure Friday, losing 0.8% as Nvidia Corp.'s shares dropped sharply. The leading index for the U.S. economy sank again in May, declining for the third month in a row, but it “doesn’t currently signal a recession,” U.S. home sales fell for the third month in a row, as buyers dealt with a dearth of listings and soaring prices. Sales activity fell to the lowest level since January 2024, even as home prices hit a record high. Asian shares edged lower, kicking off a week that includes measures of inflation that will help guide bets on the outlook for global interest rates. Nifty ended lower in a highly volatile session on June 21; however it rose for three weeks in a row to record its highest weekly close even as it fell on Friday. At close, Nifty was down 0.28% or 65.9 points at 23501.1. Nifty may find the resistance of 23667 tough to pierce in the near term while 23290 could offer support. PB Fintech signs agreements for Rs 250 crore unsecured loans to Policybazaar and Paisabazaar Prestige Estates board approves Rs 5,000 crore fundraising via QIP and other modes US FDA has conducted an inspection at Cipla’s manufacturing facility in Goa, the Company received 6 inspectional observations in Form 483. Indian markets could open lower, in line with mostly negative Asian markets today and negative US markets on June 21
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  • TGIW

    TGIW
    Jun 23 2024
    Domestic markets ended the volatile week on a flat note on account of profit booking as well as concerns over the slow progress of monsoon. Equity indices continued to hit fresh highs on the back of positive global cues but made small progress. Sensex and Nifty ended the week with minor gains of 0.28 per cent and 0.15 per cent, respectively. The markets edged higher in 2 out of 4 trading sessions during the week Among Nifty 100 stocks, Motherson surged 7.5%, Vedanta was up 5.1%; ICICI Bank gained 4.8%; Axis Bank added 4.8%; and HDFC Bank rose 4.3%. On the downside, ABB fell 6.9%; Hero Motocorp slipped 6.1%; Ultratech Cement was down 5.2%; Maruti Suzuki fell 5.0% and Siemens declined 4.5%. As per provisional figures, FIIs were net buyers of Rs 9103cr in the equity markets during the week and DIIs were net buyers of Rs 9575 crore. Nifty formed an engulfing bear like pattern on June 21 for the second time in 3 days. On weekly charts, it made a spinning top like pattern after a rise, suggesting a possible halt in the upmove. Nifty may find the resistance of 23667 tough to pierce in the near term while 23290 could offer support.
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    9 m
  • Market Savera - 21/06/2024

    Market Savera - 21/06/2024
    Jun 21 2024
    The S&P 500 and Nasdaq closed lower on Thursday. Stocks retreated after a rally to all-time highs prompted calls for a near-term pullback amid signs of buyer fatigue. Economic data released on June 20 indicated that unemployment in the US continues to rise. The Labor Department reported that fillings for jobless benefits reached 238,000 for the week ended June 15, up 5,500 from the previous week. This is the highest level since September 2023. The Bank of England kept interest rates unchanged at 5.25 percent, which came in line with the market’s expectations. Traders are betting the Bank of England will cut rates in August after dovish signals from policymakers. The Union Cabinet has approved an increase in the Minimum Support Prices for 14 crops for the upcoming Kharif season. Asian stocks fell after US shares closed lower overnight. Private equity firm Olympus is looking to offload 5 percent via a block deal of around US$ 100 million in Aster DM Healthcare. Sula Vineyards aims for double-digit growth aided by premiumisation shift SEBI its interim order barring JM Financial from acting as a lead manager for any new public issue of debt securities Nifty recovered from previous day’s fall and ended higher in a volatile session on June 20. At close, Nifty was up 0.22% or 51 points at 23,567. Nifty could now stay in the 23,413-23,664 band for the near term. Indian markets could open flat to mildly lower, in line with mostly negative Asian markets today and negative US markets on June 20
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    2 m
  • Market Savera - 20/06/2024

    Market Savera - 20/06/2024
    Jun 20 2024
    European stocks and US equity futures paused Wednesday as traders looked for fresh catalysts to extend the latest tech-driven gains. Financial markets in the U.S. were closed Wednesday on account of Juneteenth Day. China left benchmark lending rates unchanged at a monthly fixing on Thursday, in line with market expectations. Asian shares were muted following a rally in the previous session as investors sought new triggers after a holiday in the US. Sun Pharmaceutical Industries Ltd. received Warning Letter from US FDA for its Dadra facility. Asia Opportunities Fund and General Atlantic are likely to sell a combined 4.2% stake in PNB Housing Finance MAS Financial Services Ltd is launching a qualified institutional placement (QIP) worth Rs 400 crore Nifty gave up early gains to end minorly in the negative after a volatile session on June 19. At close, Nifty was down 0.18% or 41.9 points at 23516. Nifty could stay in the 23290-23664 band for the near term. Indian markets could open flat to mildly higher, in line with mildly positive Asian markets today
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  • Market Savera - 19/06/2024

    Market Savera - 19/06/2024
    Jun 19 2024
    U.S. stocks finished higher on Tuesday as the S&P 500 and the Nasdaq Composite posted fresh records ahead of the Juneteenth holiday on Wednesday. Nvidia Corp.'s stock surged 3.5%, with the company reaching a valuation of nearly $3.34 trillion. The AI chipmaker was the most valuable U.S. company by market capitalization as of Tuesday afternoon, overtaking megacap tech players Microsoft Corp. and Apple Inc. Fitch Ratings revised India's growth forecast for the ongoing financial year from 7% projected in March to 7.2%. In its latest global economic outlook report released on Tuesday, the agency attributed this upward revision to elevated consumer confidence boosting spending levels and a rise in investments across sectors. Asian equities rose Wednesday after a rise in chipmakers drove US stocks to yet another record-breaking session on Wall Street. Coal India exploring lithium assets in Argentina with U.S. company Ami Organics launches QIP with floor price of Rs 1,228, aims to raise Rs 500 crore. Radico Khaitan to launch Rampur Asava Indian Single Malt Whisky in India Nifty saw another day of records as it extended gains to the fourth session on June 18. At close, Nifty was up 0.39% or 92.3 points at 23557.9. Nifty is yet to show any reversal signal. Nifty could stay in the 23334-23690 band for the near term. Indian markets could open higher, in line with mostly positive Asian markets today and higher US markets on June 18
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