Budget: A little for all, but wait for a long haul
Markets lost on the first four days of the week and extended losses for five consecutive days before a complete turnaround happened on Friday, which was the first day of the August futures series.
Markets lost on the first four days of the week and extended losses for five consecutive days before a complete turnaround happened on Friday, which was the first day of the August futures series.
According to the findings, more than 70 per cent (seven out of 10) of individual intraday traders in the equity cash segment have incurred losses in FY2022-23.
BSESENSEX gained 85.31 points or 0.11 per cent to close at 80,609.65 points. NIFTY gained 28.75 points or 0.12 per cent to close at 24,530.90 points.
The export of cars from India registered 18.6 per cent year-on-year (Y-o-Y) growth amid strong demand in key markets.
Indian equity markets gave stellar returns in the first six months of 2024.
Markets were open for four trading sessions in the previous week as there was a trading holiday on Monday.
Coming to the markets in the week ahead, as mentioned earlier, it would be a four-day week. Momentum and market breadth are in favour of the bulls, and there seems to be no letting go of them as of now.
Markets are expected to consolidate in the near term as investors focus on Q4 earnings season.
Markets have a mind of their own and the five trading sessions last week were of a different kind. How markets change colour almost every day, just beats me.
Markets in the week gone by were driven by fear, war-mongering and panic. Of course, all of this leads to extreme volatility and sharp two-sided moves.
