The Indian markets experienced a remarkable rally throughout the month of June, resulting in the Nifty and Sensex reaching unprecedented highs. Our previous prediction of the Nifty reaching 18,500 has been exceeded as it surpassed the previous peak, soaring to a level of 19,189. This market rally demonstrates a broad-based surge, with significant advancements across large-cap, mid-cap, [...]
EQUITIES Indian market finally tested 18500 levels of Nifty as we expected three months ago. The rally was more prominent in banking stocks and the mid-cap segment of the market. IT stocks gained on the back of the good Q4 numbers and news of the US avoiding recession. Most of the IT companies have seen steady growth[...]
The financial year 2023-24 started on a good note for the capital markets. Nifty rose almost 4.1% and on the other side Bond yields have come down post RBI's action in MPC. Equities Much awaited short covering by FPI, followed by some buying resulted in 4.1% rise in market in April. It was important to note that[...]