Dear Investors and traders, I understand that the markets are not doing well “according to you” in a situation like an expected outbreak of COVID-19 across the globe. India is not an exception, and so we are. Let me put up some points for your understanding The facts Stock markets are falling every day without even giving a chance to make any analysis Indian markets are Volatile – same with even other world Markets Investors – especially those who bought…
Benchmark indices on March 16 failed to hold on to the gains logged in the previous session and closed with massive losses. The market mayhem resurfaced and the equity benchmarks plummeted to its second-biggest single-day fall as worries about the impact of coronavirus on domestic as well as the global economy grew stronger. Sensex eventually closed 2,713 points, or 7.96 percent down at 31,390 while Nifty ended 758 points or 7.61 percent down at 9,197.40 Get your paid services now…
Benchmark indices lost more than 9 percent in the week ended March 13, though the sharp rebound on last Friday from lower circuit levels soothed sentiment and curtailed losses to major extent. The recovery seen on Friday was largely driven by value-buying, rally in global peers on more stimulus hopes, short-covering and DIIs buying. But overall sentiment still remains negative due to the fast-spreading novel coronavirus outside of China. The sell-off seen last week was driven by rising cases in…
With coronavirus wreaking havoc across global financial markets, D-Street on March 12 witnessed a historic crash as Sensex registered its biggest one-day fall in absolute terms. The US markets halted trading after falling 7 percent at open on March 12 and when it reopened after 15 minutes of halt, the Dow Jones cracked 8 percent at 19:48 hours IST. The 30-share index settled 2,919.26 points or 8.18 percent lower at 32,778.14 while the broader Nifty slumped 868.25 points or 8.30…
Benchmark indices witnessed a volatile day of trade on March 11 but managed to end the day in the green with the Sensex ending 62.45 points higher at 35,697.40 while Nifty was up 6.90 points to end at 10,458.40. Support is needed from the global markets for further bounce but it seems difficult at present due to rise in coronavirus cases The Bank Nifty gained 0.10 percent to close at 26,487.80. The important pivot level, which will act as crucial…
The market saw the biggest ever single day loss on March 9 amid fears of a likely impact of novel coronavirus (COVID-19) on global economic growth and price war between oil producing behemoths like Saudi Arabia and Russia after OPEC and allies failed to agree on production cuts. The Sensex plunged 1,941.67 points, or 5.17 percent, to 35,634.95. The Nifty tanked 538 points, or 4.9 percent, to 10,451.50 and formed a large bearish candle on the daily charts. However, after…
The day ended the trading session on Monday witnessed a great amount of selling, which is in continuation of the previous big sell-off from the broader markets. This was one of the biggest ever single-day losses on account of fears of a likely impact of novel coronavirus (COVID-19) on global economic growth and price war between oil-producing countries like Saudi Arabia and Russia after OPEC and allies failed to agree on production cuts. The Sensex closed at 35,634.95 and the…
The market witnessed a bear attack for another week that ended on March 6. The situation was volatile since the beginning of the week, amid rapid spreading of the novel coronavirus outbreak outside China. The market tried to recover, but the surprise Yes Bank fiasco weighed heavily on March 6. As a result, the BSE Sensex and Nifty50 lost nearly 1.9 percent closed at 10989.45 , each, during the week. This was on the top of the 7 percent loss…
There was always a person who stood on behalf of big corporates and business houses, his name is Rana Kapoor, the king of bad times at Yes bank. Many industrials have lived for their good part in the decade ended. The king of bad times, Rana Kapoor turned out to be “the lender of last resort” (I know, its RBI) for those who required big capital with fewer compliance problems. The self-proclaimed ace corporate banker and his pedigree was the…
Indian equity benchmarks closed with modest gains on March 5 as fears over coronavirus cases and its economic fallout continued to weigh in on sentiments. Sensex traded in the green zone for the most part of the day; at one point in the day, the 30-share index was 478 points up.However, it failed to hold altitude and pared most of the gains. Signs of improvement in the global cues offered little relief and the equity barometer Sensex eventually ended with…