Nifty 50 experienced volatility last week as both buyers and sellers were in search of any direction, as a result Nifty futures closed at 16326 with a minuscule gain of 0.53%. The index was supported by banking, service, and auto sectors which gained around 3.9%,2.3%, and 3.2% respectively over the week. Among the heavyweights in … Read more
Gold had been experiencing a bearish phase in the month of May, as it fell till USD 1800/oz last week. Even though the broad stock market indices have corrected around 20% for the year, gold more or less had been consistent thereby proving itself to be an outperforming asset. Last week gold reversed its 4-week … Read more
Nifty 50 experienced buying at major support (as expected) last week as it failed to breach the level of 15740-720 and experienced some buying to close the week with a weekly gain of 3.07%. The weekly rally in the index was supported by banking, pharma and metal stocks. Among the heavyweights in these specific sectors … Read more
Nifty 50 continued to experience weakness as it followed global equity markets which are experiencing selling pressure. Last week Nifty lost around 3.83% mainly due to heavy selling experienced in metal and banking stocks. Among the metal heavyweights, Tata Steel and JSW Steel were the worst performers losing 14.54% and 13.03% over the week. Similarly … Read more
Nifty 50 continued to experience weakness as it followed global equity markets which are experiencing selling pressure. Last week Nifty lost around 4.2% mainly due to heavy selling experienced in banking/finance, auto and pharma stocks. Among the heavyweights, Bajaj Finance & Bajaj Finserv lost 10.06% and 8.52% respectively, Eicher motors fell by 10.18% and Divi’s … Read more