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According to analysts, the low India VIX reading indicates stability in the market. However, if the 15,600 level is breached then the index could fall to 15,300 levels. Nifty fell 0.9% last week to 15,722.20 levels and underperformed all regional peers except the benchmarks of China, Hong Kong and Malaysia. Also, the Dollar Index (DXY) is heading higher towards the 93-93.5 range which should keep emerging markets subdued.
Stocks in the news: HDFC Bank, Vodafone Idea, Future Retail, YES Bank, SBI Card and Cadila HealthcareACC, Bombay Dyeing, SBI Card, Syngene and Den Networks are scheduled to announce their June quarter earnings on Monday.
from Stocks-Markets-Economic Times https://ift.tt/32Bl2x2
… Read MoreQ1 results, vaccine progress, Rossari Biotech listing among 7 factors guiding market this weekThe 30-share Sensex climbed 425.81 points or 1.16 per cent to 37,020.14 points in the week, while the 50-share Nifty rose 133.65 or 1.24 per cent to 10,901.70 points.
from Stocks-Markets-Economic Times https://ift.tt/2ZIKFKl… Read MoreBrokerages bullish on HCL Tech as June quarter net beats estimatesNet profit fell 7.3 per cent sequentially to Rs 2,925 crore during the quarter. It was up 32 per cent year-on-year. The company also resumed the practice of providing annual guidance. Analysts expect the stock to react positi… Read MoreA 1000% rally has glove maker stock mania outpacing even TeslaThere has been a boom in glove demand thanks to the coronavirus pandemic, aided by a short-selling ban in Malaysia till year-end.
from Stocks-Markets-Economic Times https://ift.tt/32AU8Fk
… Read MoreNifty could surge another 5% if it tops 11,000Technical analysts believe the Nifty is poised to move up by 2-5 per cent immediately after it manages to cross 11,000. Traders should, however, stay away from aggressive bets as the market looks overbought with the index gai… Read More
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