Tag «RIL»

L&T, RIL weigh down Sensex, Nifty

22nd July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline The Indian equity market ended Monday on a flat note as benchmark indices struggle to find any specific direction throughout the day. After opening with a negative gap in early trade, the markets did manage to stage a smart comeback. However, sentiment …

Comments on market by Mr. Amar Ambani, Head of Research, IIFL – 24th May, 2013 – Mkt snaps 4-day losing streak, Nifty ends below 6K

24th May, 2013 : Mkt snaps 4-day losing streak, Nifty ends below 6K The market snapped out from its four-day losing streak on Friday shutting shop with marginal gains. However, the Nifty ended below the 6,000 mark. After Thursday’s crash, the benchmark indices opened with a positive gap following a sharp rebound in the US …

21st May, 2013 : Weak Rupee leaves Nifty cold

It was a highly-volatile market session with indices ending near the day’s low. This is the second straight day of losses for the benchmark indices. Sentiment was dampened after the rupee depreciated 30 paise against the dollar, touching a three-month low of 55.2975. Selling pressure further intensified as investors tracking weakness in the European markets …

17th May, 2013 : Late spurt keeps Sensex, Nifty positive

The Indian equity market extended its rally for the fourth straight session even though the global rating agency Standard & Poor’s (S&P) affirmed BBB- rating for India with a negative outlook. Capital goods stocks which were underperformers in the current rally staged a comeback. Market buzz is that the government may kick-start  activities to push …

23rd April, 2013 : Market cautious ahead of expiry

After rallying for five straight trading sessions, the markets took a breather on Tuesday. After opening on a flat note, the markets remained under pressure throughout the day. However, a sudden bout of buying in the last hour of trade lifted the benchmark indices from the day’s lows. But it was barely sufficient for the …

12th April, 2013 : Market echoes Infy woes

What a dreadful day for the market in general and Infosys in particular! The Indian equity indices ended with deep cuts on Friday as sentiment got hit post disappointing quarterly earning announced by Infosys. The stock plunged over 25% in a single trading session registering its biggest single day fall since April 2003. After an …

5th April, 2013 : Sell-off continues; Sensex, Nifty lie low

The crack gets bigger and bigger for the Indian equity markets as the downfall further extended to third straight trading session on Friday. Reports stated that continues offloading by the India-focused exchange-traded funds (ETFs) further dragged the benchmark indices lower. These funds were reportedly facing strong redemption pressure. The NSE Nifty has now dropped over …

4th April, 2013 : Thursday – Nifty ends below 200-DMA

The Indian equity market further cracked on Thursday extending its downfall to the second straight trading session. The Nifty has now dropped ~170 points in last two trading session. The benchmark indices witnessed accelerated selling pressure after the Nifty breached the 200 Day Moving Average third time in the past six trading session. The index …

3rd April, 2013 : Early election talk pulls down market

Heavy sell off in scrips across sectors saw the Indian equity market ending with losses on Wednesday bringing a four-day winning streak to a temporary halt. The NSE Nifty and the S&P BSE Sensex ended near day’s low. The record high closings of the Dow industrials and S&P 500 overnight did not help in anyway. …