The rally in PSU pack thus far in CY22 was mostly led by stocks from the banking and defence-related verticals, while those of oil & gas and metals & minerals did not contribute much
Recent rally in bonds despite US bond selloff signals optimism on global index inclusion
Nevertheless, an upside surprise to inflation will easily cement market expectations of another outsized 75 basis points rate hike
The stock was locked in upper circuit for the fifth straight day, up 5 per cent at Rs 17.93 on the BSE in Wednesday's trade in an otherwise weak market.
The BSE Sensex jumped 1,564.45 points or 2.7% to settle at 59,537.07
The change in their stance, analysts said, stems from the hope that the global central banks, especially US Fed may go soft on rate hikes as inflation cools off over the next few months.
The NSE Nifty 50 Index has surged more than 14% from a mid-June low as overseas investors turned buyers after months of withdrawals
On their part, technical analysts see the Nifty is hit 18,100-18,200 levels before it makes any major attempt to reverse. However, this journey, they caution, can see intermittent corrections
State-owned lenders, which hold large quantities if G-Secs, to face brunt of yield spike
At the current levels, the stock trades 10 per lower from its historic peak of Rs 2,858.15 hit on April 29, 2022
Analysts believe that increased traction in exports and services coupled with strong execution drove ABB's strong performance across segments.
Sensex and Nifty need to conquer 100-DMA to avoid a major sell-off. Global cues, too, need to remain supportive for the up trend to resume
Sri Lanka Stock Market Colombo All-Share Index fell as much as 6.7% while blue-chip index slumped 5.2% within seconds of resumption of trading
Infosys topped the Sensex gainers' chart in Monday's session, spurting 3.76%, while HDFC Bank climbed 3.25% after the RBI on Saturday lifted all restrictions on the private sector lender
The surge comes on hopes of de-escalation of the Russia-Ukraine conflict after the Ukrainian President Zelenskyy indicated that the country was no longer interest in NATO membership
Technical charts suggest the bulls are not ready to give up just yet. Markets can find support at lower levels and move up, provided the news flow does not turn too adverse
In April-Nov 2021, nearly 22 mn individual demat accounts were added, the Economic Survey for 2021-22 noted
Analysts say the up move seen on Monday is on account of a host of factors, including good corporate results over the past few days, positive global cues and a build-up ahead of Budget 2022
The rally in equities was dented by US bond yields and rising oil prices. But, technical set-up for the Sensex & Nifty point at a pre-Budget rally. Find out the trading strategies ahead of the Budget
Three stocks, Urja Global (up 203%), Steel Exchange India (118%) and 63 Moons Technologies (108%) from the BSE Smallcap index have seen their market price more-than-double in one month