Indian Market Commentary

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Trading in Singapore Nifty futures indicate a higher opening on Friday following the previous session's selloff. Investors may draw some comfort from provisional data, which showed that FIIs remained net buyers in Indian equities, purchasing shares worth Rs. 316.23 crore yesterday. Meanwhile, RBI...

A global rout amid expectations that the Federal Reserve may reverse its ultra-easy monetary policy earlier than expected dragged Indian equities sharply lower on Thursday. Fed chief Bernanke's comments that an exit could be initiated in the "next few meetings" sapped demand for equities, sending stocks...

Indian shares followed other Asian markets lower on Thursday after Fed chief Bernanke hinted at reducing the current pace of bond purchases and preliminary data showed China's manufacturing activity contracted for the first time in seven months in May. The Indian rupee opened at 55.84 against the dollar,...

Indian shares may follow other Asian markets lower on Thursday after Federal Reserve chief Ben indicated the central bank could slow down its pace of asset purchases going forward. Trading for the rest of the day would largely depend on the movement of the rupee, which fell for a fourth day to hit a...

Indian shares erased early gains to end modestly lower on Wednesday, as engineering & construction giant Larsen & Toubro posted disappointing Q4 results and investors awaited Federal Reserve Chairman Ben Bernanke's testimony before the Joint Economic Committee of Congress later in the global day. Besides...

Indian shares edged higher on Wednesday, tracking firm Asian cues amid expectations that the Fed would stick to its $85 billion monthly bond-buying program until next year to bolster the economic recovery. Meanwhile, the Bank of Japan concluded its two-day policy meet with Governor Haruhiko Kuroda...

Indian shares are set to open higher on Wednesday, tracking strong global cues as investors bet on continued support from the U.S. Federal Reserve, considering the low level of inflation. Fed Chairman Ben Bernanke is due to testify before the Joint Economic Committee of Congress later in the global day....

Indian shares ended a choppy session notably lower on Tuesday, mirroring weak global cues as investors turned their focus to Fed chairman Ben Bernanke's Congressional testimony to Congress and the release of the Fed's May minutes due this Wednesday for cues on the outlook for interest rates. Despite...

Indian shares are rising in early trading on Tuesday despite weak Asia cues. The Asian markets are broadly lower as investors shifted their focus to Fed Chairman Bernanke's testimony on the economic outlook to Congress and the release of the Fed's May minutes on Wednesday. The rupee is edging higher,...

Indian shares are seen opening little changed on Tuesday, tracking mixed global cues. State-owned lenders could be in focus after Finance Minister P. Chidambaram favored mergers in the banking industry to help create two-three global sized banks. Indian shares reversed direction to end modestly lower...

Indian shares reversed direction to end modestly lower on Monday. With the rupee trading weak close to 55 levels, investors chose to take some profits off the table following recent sharp gains. The dominating factor at the moment is the strengthening of the U.S. dollar as signs of an improving U.S....

Indian shares rose on Monday, taking cues from global markets after Friday's data showed U.S. consumer sentiment rebounded to its highest level in nearly six years in early May. The benchmark BSE Sensex is currently up 126 points or 0.62 percent at 20,412, while the broader Nifty index is at 6,220,...

Indian shares are set to open higher on Monday, mirroring firm global cues. Q4 results will continue to remain in focus, with SBI, Tata Steel, Larsen & Toubro and Jet Airways set to announce their earnings results this week. Benchmark indexes Sensex and the Nifty rose modestly to end at their highest...

Indian shares rose for a fourth straight session, driven by renewed FII buying. The benchmark 30-share BSE Sensex ended a choppy session up 39 points or 0.19 percent higher at 20,286, with 16 of its components advancing. The broader Nifty index rose 17 points or 0.28 percent to 6,187. Power, capital...

Indian shares are little changed on Friday, as investors paused for breath following three days of successive gains. Other Asian markets are trading mostly higher despite fresh concerns about the state of the U.S. economy. Benchmark indexes in New Zealand and Singapore are subdued, while stocks elsewhere...