Stock Market

Stock Market

Markets volatile but will consolidate soon

After steadily moving up without volatility over the past year, a combination of global developments and local policy elements brought volatility back to centre-stage, analysts said.

While the Nifty has corrected by 5 per cent, the CNX Mid-cap index is down 11 per cent from its highs. And India VIX, the fear gauge, has gone up 27 per cent since Jan 31 this year. VIX is a key measure of market expectations of near-term volatility conveyed by the Nifty index option prices.

Falling crude prices, corrections make stocks attractive

The sharp fall in crude prices over the past few days could prove to be a boon for the Indian market as the domestic economy would benefit from the drop in fuel prices. Crude prices fell below $60, nearly wiping out the year’s gains and extending an oil price rout as rising US oil production and crude stockpiles put pressure on oil prices. A stronger dollar has also been a continuing factor for the decline.

Meanwhile, record US oil production is raising crude inventories with production at 10.6 million barrels a day, leading to a glut in crude which is driving prices lower.

Window to start accumulating stocks

The panic selling in global equities resumed after a brief reprieve last week – the S&P 500 index shed another 3.75 per cent overnight (February 8), bringing its total losses to 8.5 per cent since the correction started. While investors’ concern on rising rates was a commonly-cited reason for the correction, the unwinding of exchange-traded products (ETPs) that bet on volatility is another plausible factor accentuating the situation.

Allow the market to settle down before jumping in

The markets saw extreme volatility and lost on four of the five trading sessions on the back of global cues and the after-effects of LTCG. The Dow Jones and bond yields shook global markets and literally rattled them. The Dow Jones lost 1,330.06 points, or 5.50 per cent, to close at 24,190.90 points.

Sensex sinks 364 pts, ITC crashes 13 percent

Benchmark Sensex today slipped from life highs to end sharply lower at 31,710.99 by falling 364 points following a steep plunge in ITC Ltd stocks after the GST Council yesterday hiked tax on cigarettes.

Markets pause record run on profit-booking, muted earnings

Markets took a breather after four back to back record-setting sessions as the benchmark Sensex today hit an all-time high of 32,110 but ended with a paltry loss.
But on a weekly basis, both key indices Sensex and Nifty rose significantly by 660.12 points, or 2.10 per cent, and 220.55 points, or 2.28 per cent, respectively, largely driven by the successful rollout of the Goods and Services Tax (GST) and inflation staying subdued, offering the RBI headroom for a lower policy rate at its policy next month.

Nifty hits 9,900 mark, Sensex at new high post Infy results

The benchmark Nifty today raced past the 9,900 milestone for the first time and the Sensex climbed yet another peak 32,110 as Infosys maintained its 2017-18 revenue growth guidance.
IT, healthcare, consumer durables, oil and gas stocks were among the big gainers. Asian cues remained mixed though.
The 50-issue Nifty crossed the 9,900 level for the first time by gaining 21.60 points, or 0.21 per cent, to trade at an all-time high of 9,913.30, within striking distance of 10,000. It surpassed its previous intra-day high of 9,897.25 touched yesterday.

Market poised for RECORD INFLOWS

The Indian stock market could see record inflows from domestic and foreign institutional players this year.
Experts say both FPI and domestic mutual funds are flushed with funds. Domestic asset management companies (AMCs) have seen an inflow of over Rs 28,000 crore into their equity funds in April-June 2017, a surge of nearly three times the flow of the year-ago period, underscoring the growing investor confidence in the market.

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