Sarthakreturns

  Wall Street closed marginally lower on Tuesday as slower than anticipated growth in US and China weighed on the sentiments.Dow closed down by 0.11%, S&P closed 0.13% down, Nasdaq closed just below the flat line. The small cap Russell 2000 saw a marginal outperformance with gains of close to 0.34%.  US dollar index traded near flat zone at 92.62, 10 year moved higher on month end consideration at 1.31%, Cboe vix moved marginally higher near 16.48. Crude futures traded flat ahead of OPEC+ meet on output plans, WTI traded near 68, Brent below 73.    Indian indices traded at record levels as Sensex topped 57500 and Nifty crossed 17000 for the first time in history. It was all round performance from index stocks that took benchmarks higher in excess of 1.15%. Though the markets exhibited fresh expansion the gains were limited to index heavyweights and some popular names, broader markets showed some mixed performance with the advance - decline ratio turning marginall...

  US stocks ended mixed on Monday, Dow closed marginally in red with cuts of 0.16% but both S&P and Nasdaq closed at fresh record highs with gains of 0.43% and 0.90% respectively. The small cap Russell 2000 ended the day with a cut of 0.11%.  US dollar index traded steady near 92.71, 10 year declined further below 1.29%, Cboe Vix closed near 16.19.  Crude futures traded steady, WTI above 69, Brent above 73. The benchmark equity indices on the BSE and NSE surged over 1.35%  to trade at fresh record highs amidst positive cues in the global markets. BFSI, Metal and Pharma names led the bulk of gains while IT stocks underperformed post strong run in the previous week. Mid and small cap stocks also gained between 1.5% to 1.9%.  For the day watch for consolidation in indices post a strong Monday. Focus on individual names that may start to outperform the indices from hereon. Do not chase the gap ups wait for intraday give backs to trade the stocks during the day. ...

  Stocks moved sharply higher on Friday heading for a winning week as Federal Reserve Chairman Jerome Powell prepared the markets for some gradual pullback, saying it's likely to start tapering its $120 billion in monthly bond purchases this year. The Dow Jones Industrial Average was up 0.69%, S&P 500 rose 0.88% to hit a new high, Nasdaq  added 1.20%, also hitting a new record during the session. The small cap Russell 2000 gained the most adding almost 2.85%. US dollar index and 10 year fell sharply post Fed testimony, dollar index closed well below 93 at 92.68, 10 year declined below 1.31%, Cboe Vix also fell 13% to 16.39.  Crude futures traded strong, Brent above 73.50, WTI above 69.  Indian stocks traded strong ahead of Fed testimony with most sectors contributing to gains. Sensex was 0.31% up and Nifty closed 0.41% higher. Broader markets outperformed as the BSE Midcap index closed with a gain of 1.04 % while the smallcap index rose 0.93%. For the week watch ...

 US stocks fell from record highs ahead of  Jackson Hole annual symposium and some worries on developments in Afghanistan that added to risk-off sentiment. Dow fell 0.54%, S&P lost 0.58%, Nasdaq gave back 0.64%. The small cap Russell 2000 saw bigger cuts, in excess of 1%. The risk-off trade took US dollar index higher above 93, 10 year traded on wait and watch mode near 1.34%, Cboe Vix moved higher near 18.84.  Crude futures traded flat ahead of crucial Fed meet, WTI traded just below 68, Brent near 71.50 Indian indices ended flat on August series expiry day. Metals, Autos and Pharma sectors were on the receiving end but Fmcg, Oil and Gas, Cap goods stocks held their ground on Thursday.  Small and Mid cap stocks had a mixed day as some of the stocks rallied strong in an otherwise dull market.  The global risk-off sentiment may have its impact at the open but stocks may see some stabilization towards the end of trade as participants would wait for the Fed out...

  US stocks moved higher on Wednesday led by banks and re-opening stocks.The Dow closed just above flat line at  0.11%, S&P added 0.22% to new closing highs topping 4500 intraday. The Nasdaq also closed just above flat line gaining 0.15% to new closing highs. The small cap Russell 2000 also added 0.37%.  US dollar traded steady near 92.82, 10 year moved higher at 1.34% ahead of Fed symposium. Cboe Vix closed below 17.  Crude futures continued to stay strong, WTI moved near 68, Brent near 72.  Indian stocks turned volatile near fresh record highs. Indices closed flat after hitting fresh records as heavyweight sectors like banks, autos, pharma sold-off. Oil & Gas and power sector held ground in a lackluster market. Mid and small cap stocks showed some resilience to move higher.  For the day watch for August series expiry related volatility and some consolidation before the crucial Fed meet. Individual names may continue to top the charts till Nifty ta...

  US stocks extended gains on Tuesday as reopening trade started gaining momentum on vaccine news.Both S&P and Nasdaq (closed above 15000 for the first time) closed at fresh record highs adding 0.15% and 0.52% respectively. The Dow closed just above the flat line. The small cap Russell 2000 once again outperformed the pack with gains in excess of 1%.  US dollar index traded down near 92.88, Cboe Vix rose marginally near 17.22, 10 year rose sharply near 1.30%.  Crude futures continued its strong run for second day running, WTI moved above 67, Brent above 71. Markets started to price in supply disruption of almost 25% of Mexican output due to fire.  Indian stocks rallied strong on global risk-on trade that was visible in dollar index, crude and equities. Banks, Metals and Financial names lead the gains alongwith broader markets that started to see some stabilization post brutal sell-off in the last few days. Some of the popular names in mid and small caps saw sharp...

  US stocks moved higher on Monday following a very volatile week.Dow gained 0.60%, S&P added 0.80% just below record highs, Nasdaq gained 1.50% to a new record close. The small cap Russell 2000 once again outperformed with gains of 1.88%.  US dollar index declined sharply below 93 on some risk-on trade ahead of Jackson hole symposium. 10 year traded flat just below 1.26%, Cboe Vix declined to 17.15.  The risk-on trade and weak dollar helped crude futures gain sharply, WTI moved near 66, Brent near 69.  Indian indices moved marginally higher, Sensex added 0.41% and Nifty gained 0.28% lead by IT names but Metals, Autos and Banks were on the receiving end. Mid and small cap stocks continued to remain under pressure as investors took shelter under large and defensive names.  For the day watch for some stabilization in broader markets on risk-on trade and government push on asset monetization of over 6 lakh crores to push privatization and infrastructure spend. ...