The intermediate trend is weak despite the net gains last week The market registered net gains while moving inside a relatively narrow range. The Nifty was up 2.2 per cent, closing at 4,580.05 points while the Sensex gained 1.66 per cent at 1,541 points. The Junior was ahead by 2.6 per c…
Continue reading...Wall St hit by caution before July jobs data
NEW YORK (Reuters) – Stocks fell on Thursday as investors turned cautious before the government’s crucial July jobs report, and took profits after a recent rally. The Dow Jones industrial average (DJI:^DJI – News) slipped 24.71 points, or 0.27 percent, to end unofficial…
Continue reading...Sensex may target 17,000 this month
A renewed buying interest at the start of the August series, coupled with short-covering owing to July futures & options expiry, boosted the markets towards the end of the week.Earlier in the week, the markets had exhibited a lacklustre movement. The Sensex, after moving in a narrow …
Continue reading...Expect 600-point swings either way
The markets will either consolidate at current levels or rise till targets in the 4,900-5,000 level are hit. A very high volume settlement ended with an upwards breakout. The carryover pattern was excellent and FIIs are back in the thick of action. Index strategies Very high volumes wer…
Continue reading...Market undertone bullish: Anagram
AHMEDABAD: V K Sharma of Anagram Stock Broking said momentum is continuing in the markets… From the fundamentals as well as futures perspective, how do you view Tata steel and SAIL? Sharma: What we are seeing currently is purely liquidity chasing stocks.. I think we are going to s…
Continue reading...Current market rally raises optimism
MUMBAI – The recent market rally supported by quarterly earnings, liquidity and global cues is not yet considered as a bull-run but market men Stocks Volatility in the stock markets Measuring market volatility Ten hot money-spinners in India Long term plan for better returns S…
Continue reading...Will Nifty 4700 level be taken out?
MUMBAI: The Nifty is within 3% of its highest point of the rally which began on the 9th of March. The debate is still on as to whether we have begun a secular bullish trend once again and whether whatever we have seen over the past four and a half months is evidence enough to support that…
Continue reading...Will bulls take control?
BS: From its October 2008 lows when the BSE Sensex touched 7,697 points, the markets have done a complete about turn. In the six months to March 2009, the markets were unable to sustain itself over the five figure mark.While the rise in global markets was the starting point,the run up to …
Continue reading...Sensex @ 18,000 by March 2010: Sonthalia
MUMBAI: Manish Sonthalia, vice president, equity strategy, Motilal Oswal Securities , said the momentum is so strong that the markets will move significantly higher from the current level. Is there room for some more rally in the markets? Sonthalia: Yes…it looks like the momentum…
Continue reading...Bank profits not as impressive as they seem – Wall Street
Banks turn in hefty profits, but industry still has big problems NEW YORK (AP) — The big banks are making big money again, but they won’t be back to health as long as they have to deal with a recession and customers defaulting on mortgages and credit cards. The impressive n…
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