Markets were under pressure in the week gone by and the optimism about markets and new highs in the festive season simply disappeared looking at the Israel-Hamas stand. Markets lost on four of the five sessions and gained on just one session.
The concerns triggered by the ongoing Israel-Hamas conflict had resulted in the creation of big short positions in the market, and now these shorts are being covered pushing the markets up, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
It was a topsy-turvy week that went by. Markets were flat for the first two trading sessions, and then gained, lost and ended the week with gains.
For the first time in the past few months we are seeing some rationality coming in amongst mid/small-caps.
A sharp fall in Infosys after the Q1 results led the markets down sharply by more than 600 points on Friday.
Indian stock indices traded higher on Friday morning, getting support from the US central bank's latest monetary policy stance - which finally paused the interest rate after raising it for over a year.
The week began with losses led by Infosys post its poor results and guidance for the upcoming year. Markets lost on three of the five trading sessions and gained on one. The fifth session which was the last day of the trading week remained flat.
All ten major terminal markets in the Valley were shut for two days on Monday as traders complained that the apple had started rotting in the trucks stranded at different places on the highway.
From a philosophical point of view, Islamic financial markets are actually risk-sharing stock markets with moral issues defined by the shariah. So far, few Muslim countries have used stock markets to make social change. A third way therefore is already technically feasible. All it takes is some courage to think and act outof-the-box.
CAIT's Delhi Chapter President Vipin Ahuja in a letter sent to Puri, stated that Delhi is the largest commercial distribution center of the country from where goods are transported to other states.
