Sarthakreturns

  US markets traded mixed post Tuesday's sell-off on concerns about rising yeilds. Dow rose 0.26%, S&P 500 added 0.16%,  tech heavy Nasdaq was the laggard falling 0.24%, small cap Russell 2000 lost 0.20%. US dollar index rose sharply to move near 94.35, both Cboe Vix and US 10 year eased a bit at 22.56 and 1.51% respectively.  Crude futures traded flat after witnessing some profit taking on Tuesday on risk-off trade. WTI traded near 74.75, Brent near 78.5. Indian stocks ended down, a day ahead of September expiry, on global equity sentiments. Sensex fell 0.43%, Nifty that almost turned positive towards the final hour, failed to do so, closing 0.21% down. Mid and Small cap stocks outperformed with strong gains after a while. For the day watch for September expiry related moves in individual stocks and some stability in benchmarks. Continue to watch for emerging trends in sectors that are underperforming or ignored and showing some improvement in outlook. They may outpe...

Stocks sank on Tuesday with technology stocks leading the way lower as investors nervously eyed a swift rise in US Treasury yields.  Nasdaq saw a drop of   more than 2.80% its worst day since March. S&P 500 also dropped 2%, its worst day since May while the Dow shed more than 1.60%. A new disappointing report on consumer confidence in September added to the risk-off mood in markets. US dollar index moved higher to 93.73, 10 year moved further near 1.55% and Cboe Vix jumped above 23.  Crude futures saw some profit taking post hitting 3 year highs, Brent fell near 78, WTI near 74. Indian stocks fell near 0.60% at the close recovering from intraday cuts in excess of 1.5% on global risk-on sentiments. IT, Fmcg and Reality stocks were the top losers for the day. Oil & Gas and Power sector stocks outperformed the markets on Tuesday. Mid and small cap stocks also saw similar cuts to underperform for yet another day.  For the day watch for continuation of volati...

 US stocks were mixed on Monday as Treasury yields rose, traders braced for the final week of a volatile September and US lawmakers trying to avert government shutdown. Dow added 0.20%, S&P slipped by 0.28% and Nasdaq Composite shed 0.52%. Energy stocks and bank shares pushed higher into positive zone. The small cap Russell 2000 outperformed on Monday with gains of 1.46%. US dollar index moved higher near 93.40, 10 year topped 1.5% for the first time since June on improving economic prospects, Cboe Vix moved higher near 19. Crude futures continued to trade higher, WTI moved above 75, Brent above 79. Indian indices turned choppy into record high zones as rotational trade into new sectors helped indices to stay just above the flat line but some profit booking in heavyweight sectors like IT and FMCG took index lower from intraday highs. Auto stocks were star performers gaining almost 3% offsetting weakness in IT names that were down 3%. Mid and small cap names were also mixed for ...

  After moving sharply higher for two straight days, US stocks showed a lack of direction over the course of the trading session on Friday. The major averages spent the day bouncing back and forth across the unchanged line. Dow gained 0.10%, S&P added 0.15%, Nasdaq closed just below the flat line. The small cap Russell 2000 saw cuts of close to 0.49%. US dollar index inched up higher to trade near 93.30, Cboe Vix declined to close below 18. US 10 year traded higher above 1.46%. Crude futures continued to move higher near 2018 highs on stockpiles fall from US and China and rising demand. WTI moved near 75, Brent near 79.  Indian markets moved higher into fresh record zones, Sensex topped 60k for the first time in history and Nifty almost scaled to 18k on and intraday basis. Mid and small cap index however failed to carry the optimism and closed marginally in red.  For the week watch out for September series expiry related volatilty and some rotational trade within heav...

  US markets surged from September slump, Dow recorded its best two day rally in six months on the hopes that the economy can sustain gradual tapering of stimulus and ease of trouble in Chinese property market.Dow gained 1.48% on energy and banking names, S&P saw gains of 1.21%, Nasdaq added 1.04% to overnight trade. The small cap Russell 2000 outperformed with gains of 1.82%. US dollar index saw a sharp pullback near 93.06 level, Cboe Vix fell below 19, US 10 year posted biggest single day gain since March to close near 1.43%.  Crude futures also moved higher on risk-on trade, WTI moved above 73, Brent crossed 77.  Indian stocks hit fresh record highs as Sensex almost touched 60k and Nifty topped above 17800 on global risk-on trade. Property names continued to outshine the market with names like DLF, Godrej properties, Oberoi realty seeing double digit gains. Banking and financial services stocks also saw some gains. Mid and Small cap stocks had a mixed day underperf...

  US stocks moved higher after the Fed announced that it was likely to begin reducing its monthly bond purchases as soon as November and signalled that interest rate increases may follow more quickly than expected. US triplets rose close to 1% to register best gains since July 2021.The small cap Russell 2000 outperformed with gains close to 1.48%.  US dollar moved higher, post Fed announcement, near 93.45, 10 year fell near 1.30%, Cboe Vix also declined near 20 (but still trades in cautious zone).  Crude futures traded flat to mildly positive, WTI moved just above 72, Brent remained flat near 75.5.  Indian stocks turned cautious ahead of Fed meet and the crucial outcome on Evergrande payment obligation due today. Reality stocks were the star performers along with new driven names like Zee, in an otherwise dull market. Metal stocks also staged some comeback as fears on Chinese property defaults eased.  For the day watch for stock specific volatility on Weekly opt...

  Worries about spreading troubles from China’s property markets snapped an extended streak of calm in stock indices and sent the S&P 500 to its worst day since May.Dow fell 1.78%,  S&P dropped 1.70%, Nasdaq  fell 2.19%. The S&P 500 and Nasdaq are on track for their worst months since last September, while Dow is headed toward its biggest monthly decline since October 2020. The small cap Russell 2000 lost 2.44%. Cboe Vix once again moved sharply higher near 26, $ index traded steady near 93.22, 10 year fell near 1.31% on risk-off trade.  Crude futures also saw some profit taking on risk-off trade, WTI fell below 71, Brent near 74. As indicated Nifty retreated from resistance zone of 17700-18000 on global equity worries and profit taking. Metal and Banking names took indices down. Sensex fell almost 0.89% and Nifty lost close to 1.07%. Mid and Small cap stocks lost close to 2% each.  For the day watch for some more give backs in individual names ahead...

  US stocks continued to decline on Friday on fears of economic uncertainty and on September inpact that has seen flat to negative trade for the month historically. Dow saw a cut of 0.48%, both S&P and Nasdaq saw cuts of close to 0.91%. The small cap Russell 2000 bucked the trend to close above the flat line.  US dollar index, Vix and 10 year rose ahead of Fed meet this week, dollar index closed above 93.25, 10 year closed above 1.36% and Vix closed just below 21 on risk-off trade.  Crude futures traded mixed, WTI fell below 72, Brent traded flat near 75.50. Indian stocks saw some profit taking post record run of last few trading sessions. PSU banks, Metals, heavyweights like RIL, HUL were on the receiving end offset by gains in names like Kotak bank, Hdfc bank , Bharti, Bajaj finserve kind of names. Mid and Small cap stocks underperformed with cuts in excess of 1%. For the week watch for some more give backs ahead of crucial Fed meet. As indicated earlier rebuild pos...

  Stocks ended down on Wall Street uncertainty about economic growth. Markets in China and impact of delta variant weighed on investors. Dow fell  0.18%,  S&P 500 lost  0.16% and Nasdaq closed higher by 0.13%. Small cap Russell 2000 closed just below flat line. US dollar index rose to 92.88, Cboe Vix moved higher near 18.69, 10 year traded near 1.34%.  Crude futures traded flat, WTI just below 73, WTI near 75.5. Indian stocks moved higher into new record zones led by Banking names and heavyweights like RIL. Sensex topped 59000 for the first time, Nifty crossed 17600. For the day watch for some consolidation in stocks on global equity sentiment. Continue to trade on rotational basis and wait for some pull back for trending trades. For broader markets watch for a major breakout post Fed meet next week.

  US stocks ended lower giving up early gains inspired by softer-than-expected August inflation print on worries that the pricing pressure may persist. Dow dropped  0.8% to end at 34,577.57,  S&P 500 declined 0.6%, Nasdaq fell 0.5%, small cap Russell 2000 fell 1.37%.  US dollar index traded steady near 92.66, 10 year fell sharply near 1.28% on lower inflation, Cboe Vix traded flat near 19.  Crude futures traded steady with minor positive bias, Brent just below 74, WTI near 71.  Indian premier benchmarks traded steady with mild upward bias but mid and small cap stocks outperformed on Tuesday. Media stocks gained the most under the leadership of Zee. Metal, FMCG stocks saw some profit taking.  For the day continue to focus on stock specific trades as main indices consolidate. As indicated earlier keep trading horizon brief and expect lower returns for near term trades. For medium term wait for give backs towards end of month and start building positi...

  US benchmarks ended lower on Friday posting weekly losses as investors worried that the high number of coronavirus delta variant cases may be slowing economic recovery. The Dow dropped 0.80%, S&P also lost 0.80%, Nasdaq closed  0.90%, down. The small cap Russell 2000 fell 0.96%. US dollar index traded steady near 92.62, 10 year near 1.34%, cboe vix moved sharply higher near 21.  Crude futures moved higher on supply tightness, Brent traded above 73, WTI above 70.  Indian stocks closed just above the flat line on Thursday on the back of gains in IT and telecom stocks. Nifty bank continued to trade a bit down. Mid and small cap index outperformed on Thursday.  For the week watch for some more consolidation on the back of global equity sentiment. Traders may wait for some give backs towards the end of the series for better risk-reward equation before loading up for next move. For investors near term givebacks may provide one more opportunity to rebalance the p...

  US equity indexes closed flat to negative on Wednesday, but ended off the session’s worst levels, weighed down by selling in the energy, materials and tech stocks. The Dow Jones fell 0.2%,  The S&P 500 closed just below the flatline shedding 0.1%. The Nasdaq dropped 0.6%. The small-cap Russell 2000 underperformed, shedding 1.1%. US dollar index traded modestly higher near 92.7, 10 year corrected a bit to close below 1.34%, cboe vix also closed below 18.  Crude futures saw a modest uptick, WTI moved above 69, Brent above 72.5.   Indian stocks closed the volatile session on a flat note, with mid and smallcaps outperforming the indices. Both Sensex and Nifty closed  0.05% down. Bank nifty and Financial stocks were on the gaining side whereas IT and Autos lost some ground on wednesday.  For the day watch out for weekly options expiry related volatility and continuation of consolidation at the index front. As indicated earlier wait for further consoli...

  US markets once again traded mixed on Tuesday amidst lingering concerns about the delta variant's impact on the economic recovery. The Dow dropped 0.76%, S&P 500 fell 0.3%, Nasdaq rose less than 0.1%. Small cap Russell 2000 also fell 0.72%. US dollar index moved higher near 92.54, 10 year also moved higher near 1.37%, cboe vix jumped sharply above 18.  Crude futures eased a bit , WTI traded just above 68, Brent below 72. Indian indices traded flat and stocks turned volatile after record surge in last few trading sessions. IT and Banking stocks were on the receiving end whereas FMCG and Telecom names gained in a dull market. Mid and small cap stocks also saw some profit taking.  For the day, watch for some more volatilty before stocks start to stabilise. Traders may wait for better entry opportunity over next two-three weeks for loading up trading positions and may use sporadic rallies to book profits.

  Global equities rallied on Monday led by Japanese markets that moved to multi-year highs, the mother market US was closed for trade on account of labour day holiday.  US dollar index moved slightly higher near 92.20, first time in 5 days. 10 year also traded flat with small upside bias near 1.33%.  Crude futures traded steady post Saudi price cuts of close to 1$. Brent traded above 72, WTI just below 69.  Indian stocks rallied to fresh life highs, Sensex added 0.29% and Nifty added 0.31% to overnight close. Realty and IT stocks were the top gainers followed by some metal names. Mid and small cap indices also rose 0.18% and 0.59% respectively.  For the day expect some consolidation in new high zone with stock specific outperformance. Continue to lighten up postions at every rise for probable givebacks towards second half of September.

  US stocks were mixed on Friday post the August jobs report which showed a sharp deceleration in hiring last month amidst the Delta variant's latest spread. Dow saw a cut of 0.21%, S&P closed just below the flat line after hitting intraday record highs, Nasdaq on the other hand moved higher by 0.21% closing at new record highs. The small cap Russell 2000 that was outperforming since a few days closed down by almost 0.52%. US dollar index continued to drift down to close near 92.10 after witnessing intraday lows below 92, 10 year moved higher near 1.32%, Cboe Vix traded near flat level of 16.41.  Crude futures traded almost flat, WTI below 69, Brent near 72.  Indian stocks moved higher on Friday into fresh record close levels. Sensex crossed 58000 and the Nifty too comfortably rose above 17300. The rise was witnessed across market caps and sectors, though the uptick in midcaps and small caps was a bit muted. Markets took cues from improving general pandemic conditions...

  US stocks moved higher after economic data showed that recovery is on track. Dow rose 0.4%, the S&P 500 rose 0.3%, setting a fresh record high. The Nasdaq rose  0.1%, as large technology stocks extended their gains into new record highs. The small cap Russell 2000 once again outperformed with gains of close to 0.74% topping 2300 after a gap of many weeks.  Dollar index declined further near 92.21, 10 year traded flat just below 1.3%, cboe vix moved marginally higher above 16.4. Oil futures rallied in hopes of economic recovery and dollar weakness, Brent moved near 73, WTI traded near 70.  Indian indices rallied nearly 0.90% to close at fresh record highs lead by all round buying in IT, Banks, FMCG, Pharma and Real Estate heavyweights.Mid cap stocks also gained close to 0.93% whereas small cap index moved 0.80% higher.   For the day markets may see some consolidation in new high zone ahead of crucial jobs data in US. For the near term, movement in US d...

  The Indian stock market is expected to open flat as trends on SGX Nifty indicate a cautious opening for the index in India with a 8-points gain. The BSE Sensex fell 214.18 points to 57,338.21, while the Nifty50 declined 55.90 points to 17,076.30 and formed a bearish candle on the daily charts as the closing was lower than opening levels. According to pivot charts, the key support levels for the Nifty are placed at 17,012.27, followed by 16,948.33. If the index moves up, the key resistance levels to watch out for are 17,182.97 and 17,289.73.