Sarthakreturns

  US markets rose on Thursday erasing previous day's losses  after the labour department reported an increase in jobless claims that were slightly higher than anticipated. Dow moved higher by 1.05%, S&P added 1.75% and Nasdaq added 2.59% in what can be termed as an abbreviated Santa Rally, turning Wall Street positive for the week.  USD index traded lower near 103.90, 10 year also turned lower near 3.83% and Cboe Vix dropped to 21.44.  Crude futures traded largely flat with small downside bias, WTI traded below 79, Brent near 82.  Indian stocks closed higher as final hour trade took indices out of the negative zone, December series expiry related volatility and year-end consideration took stocks higher on the penultimate day of 2022 year-end. Sensex added 224 points and Nifty closed 69 points higher, most sectors barring FMCG participated in the late day rally on Dalal Street.  Strong mother market cues and falling USD index may help stocks to hold on t...

 Wall Street sank on Wednesday extending year-end slide as worries over growth continued. Dow lost 1.10%, S&P dropped 1.20% and Nasdaq closed 1.35% lower. Apple and energy stocks took its toll on Dow and S&P respectively as the tech giant fell to its 52 week low and energy names fell as crude lost some ground.  USD index moved higher near 104.52, 10 year also continued its upward move near 3.89%, Cboe Vix closed up near 22.14.   Crude futures eased a bit on light trading as worries over Chinese COVID cases persisted, WTI eased near 78 and Brent near 83.  Indian indices closed near flat level amidst volatility owing to low volumes due to holiday season, stocks continued its rotational drive with Oil and Gas, Power and Fertilizer stocks gaining ground along with some positive momentum for IT names. Sensex lost 17 points and Nifty gave back 10 points at close.  Weak global cues and December series expiry will dominate trading today, the day may see ind...

  Indian stocks made a roaring comeback on Monday erasing a large part of Friday's losses as bulls made a strong comeback. Sensex gained 721 points and Nifty added 208 points at close. Mid cap index gained 2.30% after getting hammered on Friday. All the major sectoral indices except Pharma names saw good rebound with banking names leading the charge on Dalal Street. US markets remained shut due to Christmas holiday giving bulls a breather from worries of shape of things to come for a day.  Markets may continue to remain volatile on lower participation due to the holiday season. Participants may continue to watch for individual names for near term trade till the global news flows start to turn favorable and volatility reduces. Investors may continue to use the current uncertain period to build up long term portfolios.

  US stocks reversed its  previous day's gains on weak corporate results and worries over slowdown. Dow lost almost 1.05%, S&P lost 1.45% and Nasdaq gave back 2.18%.  USD index traded flat near 104.42, 10 year also moved in a narrow band near 3.69% and cboe vix jumped near 22.  Crude futures traded in narrow band taking a breather after a strong couple of days moves, WTI remained near 78, Brent just below 82.   Indian stocks traded lower on worries over surging COVID cases in China, Japan, South Korea. The pressure of weekly options expiry intensified selling towards the end of the day. Sensex lost 241 points to close below 61000, Nifty lost 72 points and closed near 18127.  Weak global cues and worries over rising COVID cases may continue to dominate trade at open at Dalal Street. Participants may watch out for any signs of stabilization before putting additional money to work for near term but investors with long term horizon may use the current ...

  US stocks fell on Monday extending Friday's losses on fears of aggressive FED action pushing economy into recession. Dow fell 0.49%, S&P lost 0.90% and Nasdaq lost the most seeing a cut of 1.49%.   USD index eased a bit to trade near 104.62, 10 year moved higher near 3.59%, cboe vix closed lower near 22.42.  Crude futures gained some ground, WTI moved above 75, Brent traded above 80.  Indian stocks recorded their best daily gains in three weeks reversing a two day sell-off, consumer stocks along with auto names gained ground. Sensex gained close to 470 points and Nifty added 150 points over Friday's close.  Stocks may continue to hold promise despite of weak cues from global markets. Indices may continue to consolidate as cross currents of global weakness over local optimism restrict upside in benchmarks. Participants may continue to rotate positions to outperform the index.

US stocks turned volatile post inflation print that showed an increase on just 0.10% to 7.10%  against expectations on 0.30% rise, but stocks gave up large part of gains towards the mid day. Dow closed 0.30% higher giving up gains of 2.80% at one time during the day, Nasdaq also closed 1.01% higher from almost 3.50% gains intra day and S&P closed 0.73% higher again lost large part of intraday gains. Both USD index and 10 year came off sharply post inflation print, $ Index fell below 104 and 10 year traded below 3.50% on lower than expected inflation print. Cboe vix too declined below 23.  Crude futures continued to gain some more ground, WTI traded above 75, Brent above 80.  Indian stocks moved higher on Tuesday as banking names continued to lead higher and IT stocks recovered some lost ground. Nifty closed above 18600 and Sensex added 400 points to Monday's close.  Markets may continue to consolidate with some upward bias ahead of FED meet outcome and impending ...

US stocks fell as stronger than expected ISM data fueled concerns that FED will continue raising rates longer. Dow dropped 1.40%, Nasdaq lost 1.93% and S&P closed 1.79% lower.  USD index moved higher near 105.30, 10 year also jumped near 3.58% and Cboe Vix moved above 20 to close near 20.75. Crude futures traded lower following strong US ISM data and stock market weakness that raised concerns over Fed's path over rates. WTI dropped near 77, Brent near 83, a cut of near 3.00% for both the benchmarks.  Indian stocks traded in a range moving in and out of flat line on mixed lead from global equity markets. Sensex closed just below flat line and Nifty managed to close a tad in green. Metal names gained the most on possibility of more covid relaxations in China, offset by heavyweights like RIL that lost some ground.  PSU banks also gained some ground but Auto and IT names closed marginally lower.  As indicated markets may consolidate for some more time ahead of state ...