- U.S Markets were more than a percent higher on Friday
- Asian Markets are lower now.
- Dow Futures are 0.5% lower now.
- SGX Nifty closed around 14500 on Friday night.
- But right now, it is trading around 14440.
- Mutant Corona Virus of UK has been causing a lot of issues to European Countries.
- London now has also imposed Emergency.
- TCS has already declared very good results.
- They have also come out with a Growth projection of double digits during next Financial year.
- IT stocks are the star of the pack now.
- Expectations are very high after TCS results.
- Corporate results season for this Quarter will decide the trend from here.
- Next Important factor after Corporate results will be the Union Budget.
- Today also RBI is likely to come out with its Interest Rates.
- Expect a Sta tus Quo policy or a lowering of interest rate.
- If anything apart from this then Market might react Negatively.
- This is also an Important event to watch on.
- Nifty was up 200 Points on Friday but Bank Nifty was hardly up 100 Points.
- HDFC bank is going to decalre results this Quarter.
- Maybe Markets are waiting for what comes out of the store.
- Nifty might Trade between 14320-14490 today.
- stockmarketadvisory.in
U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is
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