By Dilip Davda After a long run of losing weeks, the market has finally given some relief. The week started on a negative note and moved both ways. It still closed with a good weekly gain, which belied the fears of a nervous week. Jio’s debut brings cheers The bigContinue Reading
By Dilip Davda It was a clean sweep of negative sessions for the secondary market, but the primary market had a very different week. India’s biggest IPO, Jio Platforms, came, was subscribed and closed. The Sensex and Nifty slid, and many operators believe the two are connected. A losing weekContinue Reading
By Dilip Davda The secondary market surprised one and all with a sharp pullback rally, its second positive week in a row. The Sensex gained 2,257 points and the Nifty 626 points. Both benchmarks ended at respectable levels: the Sensex at 74,729 and the Nifty at 23,146. Monday began withContinue Reading
By Dilip Davda At last, the fall has stopped. The week under report opened with a gap-up and posted gains in its first two sessions, followed by two negative sessions and a gain on Friday. That was enough to turn the week green and snap the eight-week losing streak. TheContinue Reading
By Dilip Davda Rising geopolitical tension kept global markets under pressure last week, and India, as a major importer of crude oil priced in dollars, was hit hardest. Fear of rising inflation and a possible US Fed rate hike kept everyone on their toes. After a gap of over 25Continue Reading
By Dilip Davda The week under report was the seventh negative week in a row for the secondary market, as geopolitical tension kept rising. The US-Iran and Russia-Ukraine flare-ups pushed crude to a fresh historic high, while the dollar firmed up on reports of a US Fed rate hike. FearContinue Reading
By Dilip Davda Six negative weeks in a row now for the secondary market, and the pressure isn’t letting up. Rising geopolitical tension, boiling crude oil prices, and continued volatility in the rupee-dollar pair are all weighing on sentiment together. The primary market keeps moving Even with all that noise,Continue Reading
By Dilip Davda The wait is finally over. NSE has received final confirmation for its IPO, which opens on September 17 and closes on September 21, with listing likely around September 24. The size, however, has been trimmed by roughly Rs 10,000-11,000 crore from earlier estimates. The company is offeringContinue Reading
Let’s start with the secondary market, because it’s been a rough patch. Last week marked the fifth negative week in a row, and we saw fresh lows on both benchmarks. The Sensex closed below the psychologically important 75,000 mark, settling around 74,272, while the Nifty broke below its 23,500 supportContinue Reading
The secondary market has disappointed everyone with four negative weeks in a row now. Last week again, the Nifty was down 278 points and the Sensex was down 749 points. That is a meaningful drawdown, and it is on expected lines given what has been happening globally. Iran’s exchange ofContinue Reading
