Sarthakreturns

  Global markets traded mixed on the first trading day of the new calendar. European stocks traded higher but Asian names traded flat to negative on Monday. US markets remained shut on account of New year's holiday.    Indian stocks moved higher on Monday led by Metal/Infra stocks and heavyweights like RIL. Stocks started the day with some losses but reversed the course mid way to gain some strength on the back of strong economic data raising optimism on growth prospects of the Indian economy. Nifty closed almost 92 points higher and Sensex gained 327 points at close.  Markets may continue to consolidate ahead of key US data and presentation of Union Budget next month. Global central banks' outlook on inflation / rate action, Indian state elections outcome, Chinese COVID policy action remain key monitorables for CY 2023. Participants may continue to rotate positions amongst sectors for outperformance in near term and also watch for early trends for a positional trade...

  US stocks fell on Friday ending its worst year since 2008. Sticky inflation, aggressive rate action by FED and worries over slowing growth continued to weigh over investors mind. Dow fell 0.22%, S&P lost 0.25% and Nasdaq closed 0.11% lower.  USD index traded near multi-week low of 103.49, 10 year moved higher near 3.88%, Cboe vix moved higher near 21.67.  Crude futures gained almost 3% as USD index eased, WTI moved near 81, Brent near 86.  Indian stocks ended in red on the last trading day of 2022, stocks traded in a narrow range before ending down on Friday. Sensex lost nearly 300 points, Nifty gave back 85 points at close.  Markets may start to show some definitive trend as volumes turn normal post holiday season. New year allocation and pre-budget built up may dominate trade for couple of weeks from hereon. Participants may watch for development on the same before committing fresh money to the market. Early indications may provide a hint to the probable...