Nifty
Nifty Bank Index likely to move further up: Experts
The Nifty Bank index of NSE on Monday crossed 44,000 mark and touched a high of 44,151.70 points "If the index manages to stay above the previous high of 44,151, it is likely to move toward the 44,444 and 45,000 levels," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Sentiment and momentum favour the bulls in a truncated week
What one saw on Friday was a combination of the first day of the new financial year, a renewed push by bulls to dominate, a large part of NAV supported by mutual funds and above all, hope that the new financial year would be a better one. To support all of this, Dow had a great week as well. The markets gained on three of the four trading sessions and were sideways on the fourth session. Friday was a special day with markets registering huge gains.
Decline in NSE active accounts continues for 8th consecutive month
According to a report by Motilal Oswal Financial Services, total active user clients at NSE rose 2.7 per cent YoY but fell 2.1 per cent MoM to 33.6m. This was the eighth consecutive month of a sequential decline. The intensity of the fall was lower at 0.7m accounts in February 2023 v/s 1m in January 2023. Currently, the top five discount brokers account for 59.6 per cent of overall NSE active clients, an increase from 59.2 per cent in January 2023.
Markets under pressure, to trade with negative bias
The Indian Rupee lost 8 paisa or 0.10 per cent to close at Rs 82.04 to the US Dollar. Dow Jones after having gained for four consecutive sessions, lost for four consecutive sessions. The first day of the week saw gains and then it lost on the remaining four days. Dow Jones was down 1,481.33 points or 4.44 per cent to close at 31,909.64 points.
US Fed's rising rates to cast a cold shadow over Indian indices
The Indian indices survived on the back of very strong performance from the banking sector led by PSU banks, which had a great turnaround year. The composition of the banking sector in NIFTY is about 42 per cent. What does 2023 have in store for the markets is on everyone's mind. The global scenario at present and in India is not the best that one could visualise or hope for. If 2022 was tough, 2023 would be even tougher.
Indian stock market up, Sensex gains over 1,000 points
The Sensex opened at 59,241.20 points and touched a high of 59,930.38 points and a low of 59,231.58 points. The Sensex had closed at 58,909.35 points. The Sensex is at 59,936.90 points. Similarly, the Nifty 50 opened at 17,451.25 points, touched a high of 17,632.75 points and a low of 17,427.70 points. The Nifty 50 had closed at 17,321.90 points on Thursday.
Early signs of market breakdown are here
At the end of the week with losses on all five days and a poor February futures expiry, markets will be under pressure from the start of the new week as Dow had yet another poor session on Friday. BSESENSEX lost 1,538.64 points or 2.52 per cent to close at 59,463.93 points while NIFTY lost 478.40 points or 2.67 per cent to close at 17,465.80 points.
Indian stock markets plunge down sharply over fear of new 'Cold War'
The markets reacted adversely following Russian President Vladimir Putin's statements and the threat of war escalation, said Mitul Shah, Head of Research at Reliance Securities. Shah added the crisis in Adani Group stocks worsened as all 10 stocks faced selling pressure. Since the release of the Hindenburg report on January 25, Adani group stocks have lost 60 per cent of their value.
Margin recovery highlight of Q3 results: ICICI Securities
"This is post a low of 14.7 per cent margin recorded in the last quarter i.e. Q2FY23. On an aggregate basis (ex-financials), the Nifty topline for Q3FY23 was largely flat QoQ at Rs 13.4 lakh crore with EBITDA up 16 per cent QoQ at Rs 2.3 lakh crore and PAT by 16.6 per cent QoQ at Rs 1.1 lakh crore," the report notes.
Markets welcome 2023 on a positive note
The absence of global cues, strong macros and expectations of healthy corporate earnings provided the support to domestic equites, said Siddhartha Khemka, its Head - Retail Research. Nifty opened higher and remained in positive territory throughout the day to close with gains of 92 points at 18,197 levels. Majority sectors ended in green.
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