Episodes

  • Market Savera - 16/07/2024

    Market Savera - 16/07/2024
    Jul 16 2024
    U.S. stocks ended higher on Monday, as traders increased their bets on the possibility of a Donald Trump victory in November's U.S. presidential election following a failed assassination attempt over the weekend. The growing probability that the U.S. Federal Reserve will begin cutting its key interest rate as soon as September also helped feed risk appetite. The Indian government has raised the windfall tax on petroleum crude to 7,000 rupees per metric ton from 6,000 rupees, with effect from July 16. Bitcoin hit a two-week high Monday, as betting markets suggested an increased chance of victory for crypto-friendly candidate Donald Trump in the U.S. presidential election. Century Textiles bought 5 acre land parcel in Gurugram, Haryana, with an estimated revenue potential of Rs 1,400 crore Lupin divests women’s health specialty business in US to Evofem for $84 million Tata Steel plans Rs 10,000 crore of capex a year to hit 40 mtpa by 2030 Asia-Pacific markets open mixed on Tuesday as traders in Asia react to Federal Reserve Chair Jerome Powell’s comments that the central bank will not wait until inflation hits 2% to cut interest rates. Nifty ended at a fresh closing high in the first session of the week tracking sharp gains in large PSU stocks. At close, Nifty was up 0.35% or 84.6 points at 24586.7. Nifty could stay in the 24494-24635 band for the near term. Indian markets could open flat to mildly higher, in line with mixed Asian markets today and higher US markets on July 15
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    2 mins
  • Market Savera - 15/07/2024

    Market Savera - 15/07/2024
    Jul 15 2024
    U.S. stocks closed higher Friday after paring gains in the final stretch of trading, with all three major indexes rising for the week. Consumers’ optimism about the economy fell to an eight-month low in July over frustration with high prices, even though they expect inflation to slow over the next year. U.S. stock-index futures saw a modest rise Sunday night, as financial markets opened for the week following an apparent assassination attempt on former President Donald Trump a day earlier at a campaign rally. Traders took stock of the likelihood of Donald Trump winning the US presidential election after an assassination attempt. Analysts expect the upcoming Third Plenum in China to focus on areas — such as high local government debt levels and a push for advanced manufacturing. The much-anticipated policy meeting, scheduled for Monday to Thursday, is a major gathering of the top members of the ruling Communist Party of China that typically happens only once every five years. This plenum was widely expected to be held last fall but has been delayed. India’s retail inflation rose to four-month high of 5.08 percent in June compared with 4.75 percent in the previous month as food inflation galloped to 9.4 percent given the impact of heatwave on vegetables. The industrial output growth in India surprised in May rising to a seven month high of 5.9 percent from 5 percent in the previous month, as manufacturing and electricity production soared, according to the official data released on July 12. Collection of net direct tax in India jumped 20% to Rs 5.74 lakh crore till July 11 in the current financial year on higher advance tax payment by corporates, according to the Central Board of Direct Taxes. HCL Tech revenue was in line with estimates and profitability was above expectations in Q1FY25. Dabur expects a gradual growth in consumption this fiscal as it expands into the rural areas. US FDA conducted a Pre-Approval Inspection (PAI) of Piramal Pharma Limiteds PPDS Ahmedabad facilitycompleted successfully with Zero Form - 483 observations and No Action Indicated (NAI) designation. Asia-Pacific markets mostly fell on Monday as investors awaited China’s Third Plenum and also assessed an assassination attempt on former U.S. President Donald Trump at a rally over the weekend. Nifty ended strong on July 12 led by Information Technology stocks after Tata Consultancy Services surprised the street with its Q1 results. Nifty IT index touched the highest since Jan 2022. At close, Nifty was up 0.77% or 186.2 points at 24502.2. Nifty broke out of the range of the last 6-7 sessions and closed at record highs. Nifty could now gradually rise towards 24960 while 24174 and later 23993 could provide support in the near term. Indian markets could open mildly higher, despite mostly lower Asian markets today and in line with higher US markets on July 12
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    8 mins
  • TGIW

    TGIW
    Jul 14 2024
    Domestic equity indices continued their upward trajectory for the sixth consecutive week. Investors now look forward to the Q1 earnings season that started this week and the upcoming budget announcement scheduled for July 23rd, which could provide further direction for the market. Multiple tailwinds led the market to come out of its range-bound trajectory. The strong result from the IT bellwether and a drop in US inflation to a one-year low added optimism to the market. Sensex advanced 0.65% and Nifty added 0.73% over the week. The markets edged higher in 2 out of 5 trading sessions during the week. In the broader markets BSE Midcap index was up 0.15% and the BSE Smallcap index fell 0.23%. Market breadth was in favour of losers with 9 shares advancing for every 10 losers. Average cash turnover on NSE was 6% higher as compared to previous week. Sectoral indices were mixed with Realty down 2.3%, Telecom down 1.6% and Auto down 1.1%. On the positive side IT rallied 3.5%, FMCG was up 3.3%, and Oil & Gas gained 2.9%. Among Nifty 100 stocks, Zomato surged 7.2%, ONGC was up 6.6%; ITC gained 5.9%; Marico added 5.6%; and Godrej Consumer rose 5.1%. On the downside, Bank of Baroda fell 8.5%; M&M slipped 6.1%; ABB was down 5.4%; Vedanta fell 5.4% and Canara Bank declined 4.3%. As per provisional figures, FIIs were net buyers of Rs 3844cr in the equity markets during the week and DIIs were net buyers of Rs 5391 crore.
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    8 mins
  • Market Savera - 12/07/2024

    Market Savera - 12/07/2024
    Jul 12 2024
    The Nasdaq ended sharply lower on Thursday, hit by losses in Nvidia, Apple and Tesla as investors went for smaller companies after softer-than-expected inflation data raised bets the Federal Reserve will cut interest rates in September. Stocks finished trading Thursday with the Dow Jones Industrial Average clinging to a small gain while the S&P 500 dropped and the Nasdaq plummeted. The US consumer price index fell 0.1 percent in June from May, against the Dow Jones estimates of a 0.1 percent increase. Further, the annual inflation in June was also reported at 3 percent against the street estimate of 3.1 percent. The monthly inflation rate dipped in June for the first time in more than four years, providing further support for the Federal Reserve to start lowering interest rates later this year. Optimism over lower rates sparked a shift into riskier parts of the market — as money shifted out of the long-favored safety trade of big tech. The Russell 2000 of smaller firms beat the Nasdaq 100 by 5.8 percentage points — the most since November 2020. In Treasuries, after the inflation data U.S. two-year to 10-year yields slid to their lowest since mid-March.The yield on benchmark U.S. 10-year notes fell 7.4 basis points to 4.206%, from 4.28% late on Wednesday. TCS on Thursday while releasing its Q1 results reaffirmed its commitment to achieving a margin above 26%, despite experiencing its first contraction in four quarters during the April-June period, coinciding with a company-wide salary increase. Asian stocks on Friday hailed the growing bets for a September rate cut from the US Fed. However Asian technology stocks fell Friday, echoing declines on Wall Street as slowing US inflation sparked a rotation out of Big Tech. Nifty ended almost unchanged after a volatile session on July 11. At close, Nifty was down 0.03% or 8.5 points at 24315.9. Nifty formed a hammer like pattern on July 11 but in a sideways manner compared to the previous session. This has little predictive value. Nifty could stay in the 24164-24400 band for the near term.
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    2 mins
  • Market Savera - 11/07/2024

    Market Savera - 11/07/2024
    Jul 11 2024
    U.S. stocks rose to new milestones on Wednesday, with the S&P 500 finishing above 5,600 for the first time and the Nasdaq Composite securing its 27th record close of 2024. Helping to fuel some of the risk-on sentiment from investors was the sense that the Federal Reserve might be willing to cut interest rates multiple times through January to support the economy. Jerome Powell told Congress that the Fed doesn’t need inflation below 2% before cutting rates and that officials still have more work to do. He noted the labor market has cooled “pretty significantly.” U.S. inflation data due this week include the Consumer Price Index on Thursday and the Producer Price Index report on Friday. Asian equities rose on Thursday after a rally in the world’s largest tech stocks lifted global shares to new highs ahead of US inflation data due later Thursday. Taiwan Semiconductor Manufacturing Co. traded at record levels after the sole supplier of Nvidia and Apple’s most advanced chips said second-quarter sales grew at their fastest pace since 2022. Japan’s Nikkei 225 surged to a fresh high on Thursday, crossing the 42,000 mark for the first time. Nifty logged its worst session on July 10 since June 4 after hitting highs at open. At close, Nifty was down 0.45% or 108.8 points at 24324.5. Nifty fell on July 10 forming a Bearish Engulfing pattern at record highs. A long lower shadow reflects part recovery during the day and the fight by bulls. Nifty could now be headed lower for the near term with some intermittent bounces. It could stay in the 24461-24141 band for the near term.
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    2 mins
  • Market Savera - 10/07/2024

    Market Savera - 10/07/2024
    Jul 10 2024
    U.S. stocks finished mostly higher on Tuesday with the S&P 500 and the Nasdaq Composite reporting small gains to end at record levels, while the Dow Jones Industrial Average fell for a second session. Investors on Tuesday digested Federal Reserve Chair Jerome Powell’s remarks to Congress, which did little to change market bets that policymakers may be able to start cutting interest rates in September. Powell said elevated inflation is not the only risk the economy is facing, and the policymakers were paying closer attention to the cooling labor market. Powell on Tuesday expressed concern that holding interest rates too high for too long could jeopardize economic growth. Asia-Pacific markets were mixed on Wednesday, even as key US benchmarks rose following dovish comments from U.S. Federal Reserve Chairman Jerome Powell overnight. ONGC will invest about Rs 2 lakh crore in setting up renewable energy sites and green hydrogen plants and cutting gas flaring to zero to achieve its 2038 net-zero carbon emission goal. Havells India is planning to expand the manufacturing capacity of cables at the Alwar plant. RVNL received an order worth Rs 187 crore from Maharashtra Metro Rail and Rs 203 crore from South Eastern Railway. After opening the day higher on July 09, benchmark indices continued the momentum as the session progressed on and ended the day higher. At close, Nifty was up by 112 points or 0.46% at 24433. Short term trend of the Nifty continues to remain positive. Recent swing low of 24168 is likely to offer an immediate support for the short term, while immediate resistance is seen at 24610 in Nifty. Indian markets could open flat, in line with mixed Asian markets today and despite mostly positive US markets on July 09
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    2 mins
  • Market Savera - 09/07/2024

    Market Savera - 09/07/2024
    Jul 9 2024
    The S&P 500 and Nasdaq achieved record-high closes on Monday as investors awaited fresh inflation data, commentary from Federal Reserve Chair Jerome Powell and the start of quarterly earnings season. Investors have been pouring into bond funds in the US this year as interest-rate cuts begin trickling out from global central banks. Bond funds have attracted nearly $400 billion in net inflows already this year — about 51% of the full-year record total set in 2021, according to EPFR data. In China, investors will be looking ahead to one of the country’s biggest annual policy meetings, approaching next week. Godrej Industries Ltd’s chemicals business unit has agreed to acquire a unit of Shree Vallabh Chemicals at Kheda in Gujarat entailing an estimated investment of Rs 45 crore. JSW Steel plans to invest US$1 billion across its operations to cut carbon emissions, aiming to become net neutral on emissions by 2050. L&T bags Rs 10Kcr order to build two solar plants in West Asia India's fuel consumption rose by 2.6% year-on-year to 19.99 million metric tons in June from a year earlier. Asian shares were mostly higher on Tuesday as markets hoped the U.S. Federal Reserve Chair Jerome Powell would sound dovish about easing prospects later in the day. Nifty ended flat in a volatile session on July 8. At close, Nifty was down 0.01% or 3.3 points at 24320.6. Nifty formed a doji type pattern on July 08 with a long lower shadow. This has little predictive value. Nifty could stay in the 24164-24401 band for the near term. Indian markets could open flat, in line with mixed Asian markets today and despite positive US markets on July 08
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    2 mins
  • Market Savera - 08/07/2024

    Market Savera - 08/07/2024
    Jul 8 2024
    U.S. stocks finished higher Friday, with the S&P 500 notching a record high to close out a week of gains following the July 4 holiday. The S&P 500 booked its 34th record close of 2024, while the Nasdaq logged its 24th all-time closing high this year. New data showing U.S. labor market weakness boosted expectations for interest rate cuts as early as September. Natural-gas futures posted a nearly 11% weekly drop on Friday, pressured by an apparent slowdown in demand that came ahead of the Fourth of July holiday — and prices could see further declines with Hurricane Beryl forecast to hit parts of Texas, potentially slamming demand for the fuel New demat account openings in India surged, hitting a four-month high in June, driven by continued foreign investor buying amid a bullish Indian market. The total demat accounts now exceed 16.2 crore, The euro fell after initial projections showed a left-wing coalition was set to win the French legislative election, sowing worries about the nation’s finances. JSW Energy plans Rs 1.15 lakh crore capex to diversify operations Tata Motors JLR retail sales increased 9% in June Quarter Vedanta raises US$ 250 million to settle Zambian copper mine debts, plans to sell 30% stake Asian markets were mostly lower on Monday as investors awaited key economic data from the U.S. and China later this week. Nifty recovered sharply in the last half hour of trade on July 05 to end marginally in the positive. At close, Nifty was up 0.09% or 21.7 points at 24323.9. On a weekly basis, Nifty rose 1.30%, rising for the fifth consecutive week. Nifty could now attempt to cross the previous resistance of 24401 to later gradually move towards the next target of 24960, while 24164 could be the near term support. Indian markets could open flat to mildly lower, in line with mostly lower Asian markets today and despite positive US markets on July 05
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    3 mins