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.
Malls such as Select City Walk at Saket, DLF and Ambience at Vasant Kunj wore a deserted look. "Customers will increase over the weekend,"said a staffer at Ambience mall.
, due to Diwali festival sales, large number of people thronged the markets that helped in generating huge business to the tune of Rs 1.25 lakh crore.
Meetings in the health department of the civic body have been focused lately on starting the identification of super spreaders- a process the KMC had earlier initiated during the first and second covid waves.
Afghan President Ashraf Ghani left the country on Sunday night, while the Taliban forces entered the capital of Kabul and took control of the presidential palace.
According to Likhita Chepa at CapitalVia Global Research: "With financial and technology stocks strengthening the Indian markets, there are chances to witness a decisive breakout above 15,900 today."
