Finance Minster made various announcements including increase in FDI limit in the insurance sector, recapitalisation and privatisation of select PSU banks
Nifty Bank index may hit record levels of 33,000 if it surpasses the resistance of 32,300
Nifty Bank has outperformed the benchmarks so far this month. The overall broader structure is hinting at a fresh new high in the January series and as long as it sustains above 31,550 levels
Rerating cycle may have neared its end as much of the positives are well-priced in
M-cap of 11 banks and financial firms on the Nifty50 is up 24 per cent since September, boosting NAVs of large diversified equity schemes
Analysts expect the US dollar to weaken, oil prices to moderate, and interest rates to remain low under president-elect Joe Biden's administration, providing a tailwind for domestic equities
With a strong rebound from 50-DMA, both Sensex and Nifty have built a strong base that can see higher upside
With a successful run above the 200-day moving average (DMA), the Nifty Bank is set to climb higher levels. However, once cannot rule out intermittent corrections
A fresh put writing at 24,000 strike indicates that put writers are shifting the base higher and we might see further upside move on the back of a short-covering rally
Intra-day traders consider lower averages such as 9-DMA, 13-DMA, 20-DMA as this helps traders with swing trades wherein they want to capture profits on the day-to-day basis while mitigating risk.
Will the markets be able to hold on to higher levels going ahead or will they succumb to profit booking? Here are key levels you need to track
Till Nifty Bank defends the support range of 20,800 to 20,600 level, the rebound may see aggressive buying momentum.
Domestic fund managers seem to have spurred the sharp upmove
Last week, global rating agency Moody's downgraded the long-term local and foreign currency deposit ratings of four public sector banks
A recent gap down below 23,450 has dampened the upside bias in Nifty Bank.
As of now, the downside is limited in mid-cap banks with volumes staying subdued.
August Futures and Options (F&O) series, which ended on August 27, saw strong participation from banking sector underlying optimism in the space
Financial stocks were trading actively on Wednesday ahead of the Reserve Bank of India's monetary policy outcome, due Thursday. RBL Bank, IndusInd Bank, SBI, ICICI Bank & Bandhan Bank gained up to 5%
The Reserve Bank of India (RBI) is set to meet for the three-day monetary policy meeting between August 4 and 6. Analysts expect the MPC to face dilemma of firmed up inflation and flattering growth
Markets started the first trading day of August 2020 lower, with the S&B BSE Sensex slipping over 400 points in intra-day deals