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Pre Market Analysis Tag

Daily Market Analysis

Pre Market Analysis – 22nd Sep 2021

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byfintooSeptember 22, 2021

Markets bounced back sharply on Tuesday after technology stocks helped Nifty to defend crucial support of 17214 and closed above 17550. The breadth of the market remained negative with Bank Nifty underperforming the Nifty Index while USDINR turned flat as Chinese market were shut due to holiday. Today, the U.S Fed policy will be in focus as o the timing of tapering of bond purchases. For the...

Daily Market Analysis

Pre Market Analysis – 21st Sep 2021

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byfintooSeptember 21, 2021

Markets yesterday succumbed to selling pressure at the late hours of trade to close at day’s low with Bank Nifty and Metal sector acting as major draggers. Global stock markets were caught in the grip of contagion fears sparked by troubles at China Evergrande which prompted investors to flee riskier assets. If the Chinese Yuan begins its depreciation, the carnage will spill over to the Rupee...