Listen to #MarketSavera Podcast by Devarsh Vakil on Spotify - https://lnkd.in/dqZAz_iY U.S. stocks ended higher on Monday, as traders increased their bets on the possibility of a Donald Trump victory in November's U.S. presidential election following a failed assassination attempt over the weekend. The growing probability that the U.S. Federal Reserve will begin cutting its key interest rate as soon as September also helped feed risk appetite. The Indian government has raised the windfall tax on petroleum crude to 7,000 rupees per metric ton from 6,000 rupees, with effect from July 16. Bitcoin hit a two-week high Monday, as betting markets suggested an increased chance of victory for crypto-friendly candidate Donald Trump in the U.S. presidential election. Century Textiles bought 5 acre land parcel in Gurugram, Haryana, with an estimated revenue potential of Rs 1,400 crore Lupin divests women’s health specialty business in US to Evofem for $84 million Tata Steel plans Rs 10,000 crore of capex a year to hit 40 mtpa by 2030 Asia-Pacific markets open mixed on Tuesday as traders in Asia react to Federal Reserve Chair Jerome Powell’s comments that the central bank will not wait until inflation hits 2% to cut interest rates. Nifty ended at a fresh closing high in the first session of the week tracking sharp gains in large PSU stocks. At close, Nifty was up 0.35% or 84.6 points at 24586.7. Nifty could stay in the 24494-24635 band for the near term. Indian markets could open flat to mildly higher, in line with mixed Asian markets today and higher US markets on July 15
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Listen to #MarketSavera Podcast by Devarsh Vakil on Spotify - https://lnkd.in/dqZAz_iY U.S. stocks ended higher on Monday, as traders increased their bets on the possibility of a Donald Trump victory in November's U.S. presidential election following a failed assassination attempt over the weekend. The growing probability that the U.S. Federal Reserve will begin cutting its key interest rate as soon as September also helped feed risk appetite. The Indian government has raised the windfall tax on petroleum crude to 7,000 rupees per metric ton from 6,000 rupees, with effect from July 16. Bitcoin hit a two-week high Monday, as betting markets suggested an increased chance of victory for crypto-friendly candidate Donald Trump in the U.S. presidential election. Century Textiles bought 5 acre land parcel in Gurugram, Haryana, with an estimated revenue potential of Rs 1,400 crore Lupin divests women’s health specialty business in US to Evofem for $84 million Tata Steel plans Rs 10,000 crore of capex a year to hit 40 mtpa by 2030 Asia-Pacific markets open mixed on Tuesday as traders in Asia react to Federal Reserve Chair Jerome Powell’s comments that the central bank will not wait until inflation hits 2% to cut interest rates. Nifty ended at a fresh closing high in the first session of the week tracking sharp gains in large PSU stocks. At close, Nifty was up 0.35% or 84.6 points at 24586.7. Nifty could stay in the 24494-24635 band for the near term. Indian markets could open flat to mildly higher, in line with mixed Asian markets today and higher US markets on July 15
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Listen to #MarketSavera Podcast on Spotify - https://lnkd.in/dMiUuNxJ Major U.S. stock indexes closed lower on Wednesday, despite a brief bounce a day before that followed extreme volatility earlier in the week. U.S. stocks lost more steam Wednesday afternoon as bond yields rose and investors worried about potentially more pain to come from an unwinding of a popular "carry trade." Asian equities fell Thursday, continuing a bout of volatile trading as investors digest signals from central banks on the path ahead for interest rates. The yen resumed its rally on Thursday, having dropped 1.6% against the dollar on Wednesday, when the Bank of Japan’s deputy governor said the central bank would not raise interest rates during periods of market volatility. Coal India, GAIL sign JV to set up unit to convert coal into synthetic natural gas Tata Curvv.ev SUV launched Indian Railways intended to equip 10,000 locomotives with its Kavach automatic train protection system On Thursday, investors in Asia will assess trade data from Japan and interest rate decision from the Reserve Bank of India. The Reserve Bank of India is expected to hold rates steady at 6.5% for a ninth straight meeting. Nifty 50 reversed a three-day declining streak on August 07, while also recording the best intraday gains in eight sessions. The NSE Nifty Pharma scaled a fresh high of 22,008. At close, Nifty was up 1.27% or 304.9 points at 24297. An upward breach of 24383 could take the Nifty to 24686. 24051 could offer support in the near term. Indian markets could open lower, in line with mostly lower Asian markets today and negative US markets on Aug 07
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Listen to #MarketSavera Podcast on Spotify - https://lnkd.in/dMiUuNxJ Major U.S. stock indexes closed lower on Wednesday, despite a brief bounce a day before that followed extreme volatility earlier in the week. U.S. stocks lost more steam Wednesday afternoon as bond yields rose and investors worried about potentially more pain to come from an unwinding of a popular "carry trade." Asian equities fell Thursday, continuing a bout of volatile trading as investors digest signals from central banks on the path ahead for interest rates. The yen resumed its rally on Thursday, having dropped 1.6% against the dollar on Wednesday, when the Bank of Japan’s deputy governor said the central bank would not raise interest rates during periods of market volatility. Coal India, GAIL sign JV to set up unit to convert coal into synthetic natural gas Tata Curvv.ev SUV launched Indian Railways intended to equip 10,000 locomotives with its Kavach automatic train protection system On Thursday, investors in Asia will assess trade data from Japan and interest rate decision from the Reserve Bank of India. The Reserve Bank of India is expected to hold rates steady at 6.5% for a ninth straight meeting. Nifty 50 reversed a three-day declining streak on August 07, while also recording the best intraday gains in eight sessions. The NSE Nifty Pharma scaled a fresh high of 22,008. At close, Nifty was up 1.27% or 304.9 points at 24297. An upward breach of 24383 could take the Nifty to 24686. 24051 could offer support in the near term. Indian markets could open lower, in line with mostly lower Asian markets today and negative US markets on Aug 07
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Listen to #MarketSavera Podcast on Spotify- https://lnkd.in/dMiUuNxJ U.S. stocks ended mixed on Monday to kick off a busy week with several Big Tech earnings reports, the Federal Reserve’s interest rate decision and jobs report, all due later this week. The US Federal Reserve is expected to hold interest rates steady at a two-day policy meeting this week (July 30-31) but open the door to interest rate cuts as soon as September by acknowledging inflation has edged nearer to the U.S. central bank's 2% target. Asian stocks fell as the Bank of Japan kicks off its two-day monetary policy meeting and amid speculation investors are trimming some of their holdings before a rush of events in coming days including major central bank decisions, key economic data and earnings from US megacap companies. RVNL received an order worth Rs 739 crore Aarti Drugs received EIR at Baddi facility from US FDA ITD Cementation bags Rs 1,237 crore contract for New Delhi Residential Project Nifty ended almost flat on July 29 after a volatile session. At close, Nifty was up 0.01% or 1.3 points at 24836.1. Nifty displayed minor profit taking on July 29 Defence and Rail stocks rose once again while Bank stocks could not sustain higher levels although witnessing high volumes. Focus may continue to be on the midcap and smallcap space in the near term with some other stocks reacting to results and other developments. Nifty could stay in the 24595-25000 band for the near term. Indian markets could open lower, in line with lower Asian markets today and mixed US markets on July 29
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Listen to #MarketSavera Podcast on Spotify- https://lnkd.in/dMiUuNxJ U.S. stocks ended mixed on Monday to kick off a busy week with several Big Tech earnings reports, the Federal Reserve’s interest rate decision and jobs report, all due later this week. The US Federal Reserve is expected to hold interest rates steady at a two-day policy meeting this week (July 30-31) but open the door to interest rate cuts as soon as September by acknowledging inflation has edged nearer to the U.S. central bank's 2% target. Asian stocks fell as the Bank of Japan kicks off its two-day monetary policy meeting and amid speculation investors are trimming some of their holdings before a rush of events in coming days including major central bank decisions, key economic data and earnings from US megacap companies. RVNL received an order worth Rs 739 crore Aarti Drugs received EIR at Baddi facility from US FDA ITD Cementation bags Rs 1,237 crore contract for New Delhi Residential Project Nifty ended almost flat on July 29 after a volatile session. At close, Nifty was up 0.01% or 1.3 points at 24836.1. Nifty displayed minor profit taking on July 29 Defence and Rail stocks rose once again while Bank stocks could not sustain higher levels although witnessing high volumes. Focus may continue to be on the midcap and smallcap space in the near term with some other stocks reacting to results and other developments. Nifty could stay in the 24595-25000 band for the near term. Indian markets could open lower, in line with lower Asian markets today and mixed US markets on July 29
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Listen to #MarketSavera Podcast by Devarsh Vakil on Spotify - shorturl.at/ucI5v U.S. stocks ended higher on Monday, as investors await the Federal Reserve's policy meeting and new inflation data due later this week. Crude oil futures finished higher Monday, with U.S. benchmark prices up by 2.9% — the largest daily rise for a front-month contract since February. Asian stocks were mixed and muted Tuesday, following a quiet session on Wall Street as investors positioned for this week’s Federal Reserve decision and US inflation data. Gail India plans to set up a 1500 KTA ethane cracker project in Madhya Pradesh, with an investment of Rs 60,000 crore. KEC International Ltd. bagged multiple orders worth Rs 1,061 crore in various segments. Rahul Bhatia's promoter entity Interglobe Enterprises Private Ltd plans to sell stake worth $394 million in Indigo Airlines Nifty ended lower in a volatile session on June 10. At close, Nifty was down 0.13% or 30.9 points at 23259.2. Nifty made a fresh record high in the morning of June 10 but came under selling pressure on a day. A bout of mild profit taking seems due. Nifty could face resistance on the up at 23411, while 22930 and later 22643 could offer support. Indian markets could open flat to mildly higher, in line with mixed Asian markets today and higher US markets on June 10
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Listen to #MarketSavera podcast on Spotify- https://lnkd.in/dMiUuNxJ US stocks glided near all-time highs ahead of the Federal Reserve decision, with traders divided on the size of an interest-rate cut. Crude oil futures finished higher Tuesday, appearing to get a lift after pagers carried by Hezbollah operatives in Lebanon exploded around the same time. The Government of India will no longer impose windfall tax on crude oil. India has displaced China as the world's largest MSCI EM market. As of the end of August, India is now in the pole position across EM markets, as per MSCI IMI. Torrent Power bags 1,500 MW Pumped Hydro Storage project in Maharashtra GPT Infraprojects bags order valued at Rs 204 crore Hindalco plans to start solar module manufacturing in Gujarat Asian shares were mostly higher Wednesday as markets focused on prospects for the U.S. Federal Reserve’s first cut to interest rates in more than four years. South Korea and Hong Kong markets are closed today while markets in mainland China will resume trade after a nationwide three-day holiday. Nifty 50 ended at the highest closing level on Sept 17 after a narrow range day. At close, Nifty was up 0.14% or 34.8 points at 25418.6. Nifty is consolidating ahead of the big event. A breakout of the 25292-25442 band could result in a sharper move in that direction. Indian markets could open flat to mildly higher, in line with mostly higher Asian markets today and flat US markets on Sept 17
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Listen to #MarketSavera Podcast by Devarsh Vakil on Spotify- https://shorturl.at/FKuV7 U.S. stocks slipped Friday as traders digested fresh economic data that indicated slowing inflation, as well as better-than-expected consumer sentiment figures. Traders are rearranging their positions in the aftermath of the debate between Joe Biden and Donald Trump. Biden’s shaky performance boosted sentiment around Trump’s odds for securing a second term in the White House. India’s core sector growth eased to 6.3% in May, against the revised figure of 6.7% for the previous month, due to further contraction in the cement industry even as coal and electricity recorded higher output. Focus in the coming week will be on comments from Fed officials, chiefly Chairman Jerome Powell, who is set to speak at the European Central Bank’s annual forum in Portugal on Tuesday Asia-Pacific markets started the second half of the year mixed as investors assessed June business activity data from China as well as Japan’s business confidence readings. Gail advances its net zero emissions target by five years Poly Medicure board approved to raise up to Rs 1000 crore through QIP Wockhardt announced successful use of Investigational Anti-biotic Nifty ended slightly lower on June 28 forming a minor bearish pattern. For the month, Nifty gained 6.57% - the largest monthly gain in 6 months. Nifty could face resistance from the 24174-24380 band while support could come in at 23338 in the near term. Nifty keeps defying all expectations of giving even a small correction. Indian markets could open flat, in line with muted Asian markets today and lower US markets on June 28
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Listen to #MarketSavera Podcast by Devarsh Vakil on Spotify - https://rb.gy/6198q9 The S&P 500 and Nasdaq scored record closing highs on Monday as technology shares rallied on enthusiasm over artificial intelligence ahead of this week's economic data and Federal Reserve officials' speeches that could shed light on monetary policy. Crude oil prices surged nearly $2 a barrel on Monday to their highest settlement levels in over a month, adding to last week's gains as investors grew more optimistic on the demand outlook. The country’s largest lender State Bank of India (SBI) has raised its marginal cost of funds-based lending rate (MCLR) by 10 basis points (bps) or 0.1 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers. The Indian government has cut the windfall tax on petroleum crude to Rs.3,250 per metric ton from Rs.5,200, effective June 15. Asian stocks gained on Tuesday after a rally in several large technology companies drove US stocks to another record high and ahead of a chorus of Federal Reserve officials due to speak later in the day. BHEL secures Rs 7,000 crore orders from Adani Power for two power plants Alembic Pharma received final approval for Icatibant Injection, Coromandel International to develop soil test based nutrient advisory for farmers of Maharashtra Nifty ended at a fresh closing high in the last session of the eventful week on June 14. At close, Nifty was up 0.29% or 66.7 points at 23465.6. Nifty formed a long legged doji on daily charts on June 14 suggesting possibility of a reversal. A move above 23490 could nullify the bearish indication on daily charts. We think Nifty could stay in the 23290-23695 band for the near term with a mild bullish bias. Indian markets could open higher, in line with mostly positive Asian markets today and higher US markets on June 17.
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Listen to #MarketSavera podcast on Spotify- https://lnkd.in/dMiUuNxJ US stocks glided near all-time highs ahead of the Federal Reserve decision, with traders divided on the size of an interest-rate cut. Crude oil futures finished higher Tuesday, appearing to get a lift after pagers carried by Hezbollah operatives in Lebanon exploded around the same time. The Government of India will no longer impose windfall tax on crude oil. India has displaced China as the world's largest MSCI EM market. As of the end of August, India is now in the pole position across EM markets, as per MSCI IMI. Torrent Power bags 1,500 MW Pumped Hydro Storage project in Maharashtra GPT Infraprojects bags order valued at Rs 204 crore Hindalco plans to start solar module manufacturing in Gujarat Asian shares were mostly higher Wednesday as markets focused on prospects for the U.S. Federal Reserve’s first cut to interest rates in more than four years. South Korea and Hong Kong markets are closed today while markets in mainland China will resume trade after a nationwide three-day holiday. Nifty 50 ended at the highest closing level on Sept 17 after a narrow range day. At close, Nifty was up 0.14% or 34.8 points at 25418.6. Nifty is consolidating ahead of the big event. A breakout of the 25292-25442 band could result in a sharper move in that direction. Indian markets could open flat to mildly higher, in line with mostly higher Asian markets today and flat US markets on Sept 17
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