Moneycontrol Editor Santosh Nair gives his insights on what transpired on D Street this past week in this episode of The Market Podcast.
Yes Bank was the most disappointing as it declared a net loss of Rs 1,506 crore. The bank's stock tanked 40 percent through the week.
Tune in to The Market Podcast to find out what happened in the market this past week, the key business events and what investors should track next week.
The intermediate uptrend can resume once again if Nifty crosses the immediate highs of 11,710.
The slowdown in global growth suggests that monetary policy will remain reasonably accommodative for far longer than initially expected.
Since hitting a record high of 38,989.65 on Aug. 29, the BSE Sensex index has fallen roughly 8 percent. This year, it is down about 0.3 percent, as there has not been the kind of recovery from late 2018's deep equities sell-off that other major stock indexes have had.
One should apply SIP approach used in mutual funds for stocks as well
Major accounting frauds typically come to light when liquidity tightens. Given the over 2% point jump in money market rates in India in the 12 months to September the probability of major accounting fraud coming to light in the Indian stock market is growing.
Long-term investors should not read much into Street myths surrounding the movement of the index in the immediate aftermath of a political verdict.
With Weekly expiry, the predominant factor that would have a material change is the time-value element.
The Nifty has strong support at 10,550-10,600, below which the trend is expected to turn negative.
Axis Bank, ICICI Bank and SBI have witnessed upmove with good volumes.
Banks in India have not experienced a worse year in the past two decades than 2018.
The Nifty is expected to remain range-bound between 10,700 and 10,950, with stock-specific action.
The Nifty could broadly trade between 10,534 to 10,924 levels in the coming week, says Subhash Gangadharan, HDFC Securities.
Santosh Nair, Editor, Moneycontrol, recaps the weekly market action and shares his insights on the key markers that influenced the market this week. He also talks about the cues to watch out for in the week ahead.
In recent trading sessions, the Nifty has been range-bound, says Swati Hotkar, Nirmal Bang Securities.
The major driver for the market will be Bank Nifty, which has witnessed a breakout beyond its resistance zone.
With the Nifty now in short term uptrend, and closing above the 200-day EMA, the coming week could see the Nifty targeting the recent high of 10,985.
The 50-day SMA and 200-day EMA have turned flat, thereby indicating no clear cut direction for the index.
Santosh Nair, Editor of Moneycontrol joins in to share with us the highs and the lows of the week and the big triggers to watch out for next week.
If you are long in the index, it is time to stay put as long as the index is trading above its 200-DMA.
Put writers are shifting to the higher band which shows strength in the current trend, says Shitij Gandhi of SMC Global Securities.
The market will continue to give some amount of strong upmove in the banking space as Bank Nifty closed above 27,000 levels.
Had it not been for the 40-year trend of money getting cheaper, it is doubtful whether emerging market equities would be as big an asset class today as it has become.