Markets This Week

Early indicators pointed to a subdued start, with GIFT Nifty Futures trading 84 points lower at 23,934 at 6:55 AM

Market outlook for the week Aug 26 - 30: The Nifty needs to clear resistance at 24,971, and Sensex at 81,750 for further gains. Here are the key support levels to watch out the NSE, BSE benchmarks.

At 6:31 AM, GIFT Nifty futures were up 197 points, trading at 24,299.5, indicating a robust gap-up opening.

The uptick in the stock price came after the company announced that it has signed a Memorandum of Understanding (MoU) with Ultra Vibrant Solar Energy

Stock Market Wrap Friday, May 10: RIL, ITC and Airtel led the rally; broader indices - MidCap and SmallCap - outran the benchmark indices and finished 0.8 per cent higher.

Interim budget, the US Federal policy decision and quarterly earnings will be the major drivers for stock markets which may also see some consolidation this week, say analysts. Besides, investors would also focus on the trading activity of foreign investors and global trends for further cues. From the macroeconomic front, the PMI (Purchasing Managers' Index) data for the manufacturing sector is scheduled to be announced on Thursday. Finance Minister Nirmala Sitharaman will present the interim budget for 2024-25 on February 1 (Thursday). The Federal Open Market Committee meeting will be held on January 30 and 31. "Market is likely to consolidate further ahead of the US Fed interest rate decision where the Fed is expected to maintain status quo and give some hint with regards to rate cut timeline. Apart from this, BoE (Bank of England) monetary policy is also due coupled with a few key economic data releases which might keep markets volatile. "Further many heavyweights would be ...

Trading in stock markets this week will be majorly influenced by the upcoming quarterly earnings from IT majors TCS and Infosys, along with global trends, analysts said. Besides, global oil benchmark Brent crude, rupee-dollar trend and trading activity of foreign investors would also dictate the movement, they said. "On the domestic front, all eyes will be on the beginning of corporate performance for the third quarter of the current fiscal year. Market participants will be keeping an eye on the movement of the rupee against the dollar and crude oil prices. "Investments by Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) will also be monitored," said Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd. Infosys and Tata Consultancy Services (TCS) will announce their earnings on Thursday while the quarterly results of HCL Technologies and Wipro will be out on Friday. Sunny Agrawal, Head of Fundamental Equity Research, SBI Securities Lt

Eight of the 10 most valued firms together added Rs 42,173.42 crore in market valuation last week, with ICICI Bank, Infosys and TCS emerging as the biggest gainers. Barring Reliance Industries and Hindustan Unilever Limited, rest eight firms, including HDFC Bank, ICICI Bank, State Bank of India and HDFC, made gains in their valuation. Last week, the BSE benchmark Sensex dipped 131.56 points or 0.21 per cent. The market valuation of ICICI Bank jumped Rs 9,706.86 crore to stand at Rs 6,41,898.91 crore. Infosys added Rs 9,614.89 crore to reach Rs 6,70,264.99 crore. The valuation of Tata Consultancy Services (TCS) climbed Rs 9,403.76 crore to Rs 12,22,781.79 crore. The market capitalisation (mcap) of Bharti Airtel advanced Rs 5,869.21 crore to Rs 4,65,642.49 crore and that of HDFC increased Rs 3,415.33 crore to Rs 4,85,234.16 crore. HDFC Bank's mcap climbed Rs 1,508.95 crore to Rs 8,99,489.20 crore and that of State Bank of India (SBI) grew by Rs 1,383.32 crore to Rs 5,37,841.73 ...

VST Industries Limited, Suzlon Energy Limited, Sudarshan Chemical Industries Limited, Caplin Point Laboratories Limited, are reflecting upside on moving averages

If the indices fail to reverse the downward trend, these stocks may further plunge up to 10 per cent

Global events will be crucial in deciding the trend for the equity market this week amid rising concerns of trade headwinds, say experts. Markets are currently reeling under global trade worries and domestic political concerns. "Q3 results have given some signs of improvement in corporate earnings. The long term outlook for the domestic market continues to be strong. However, rising concerns of global trade headwinds, domestic NPA issues and upcoming state elections will keep market on tenterhooks. US FED policy meet this week is the key event," said Vinod Nair, Head of Research, Geojit Financial Services. "The FOMC meet, lined up this week, will be important to watch out from the global markets view point," said Vikas Jain - Senior Analyst, Reliance Securities. SAMCO Securities, Founder & CEO, Jimeet Modi said, "Global headwinds are negative and will decide the direction in the short-term". Over the last week, the Sensex recorded a fall of 131.14 points, or 0.39 per cent, and ..