Analyst View

Stock Mkt To Be Volatile For Next 5-10 Sessions, Says Vishwas Agarwal

The 30-share index, BSE Sensex, today (Sep 24), opened with a gain of 60.23 Stock Mkt To Be Volatile For Next 5-10 Sessions, Says Vishwas Agarwalpoints at 13,630.54. Real estate, banking and power segments edged higher during the early trades.

In the previous day session, the Sensex closed 424.65 points down at 13,570.31, while the NSE Nifty dropped 96.15 points at 4,126.90.

Stock Mkt Is Set To Give Good Opportunities In The Coming Days, Says Vishwas Agarwal

The Sensex continued to trade in the negative terrain on account of profit booking kt Is Set To Give Good Opportunities In The Coming Days, Says Vishwas Agarwal witnessed in frontline stocks such as real estate, banking and IT.

However, oil & gas stocks went up.

At 11.54 a.m., the 30-share index Sensex was trading down 104.28 points at 13,890.68. It also hit an intra-day high of 13,978.26 and an intra-day low of 13,721.42. 

Two Events Will Help Stock Mkt Remain Strong During Next Week, Says Vishwas Agarwal

The domestic benchmark indices surged over 5% on Friday (Sep 19) as foreign Two Events Will Help Stock Mkt Remain Strong During Next Week, Says Vishwas Agarwalinstitutional investors (FIIS) turned net buyers after a week of huge selling pressure, tracking reaction in the worldwide markets that saw a complete turnaround from the previous day.

Brokers said that the majority of buying was seen in the index stocks.

The BSE Sensex, which opened positively at 13,763.83, up 448.23 points, on encouraging global cues, remained strong all through the day.

13,786 Level Is Crucial For Further Increase, Says Vishwas Agarwal

The 30-share index, BSE Sensex ended with marginal gains on Thursday (Sep 18) BSE Sensexafter Finance Minister P Chidambaram declared that the Indian banking industry was unaffected by the US crisis. 

After losing 550 points in the beginning, bulls took charge during the second half as worldwide markets regained after central banks across the world joined hands to defend against a credit crunch and injected funds into the economy. 

Finally, the Sensex ended the day at 13,315.60, up 53 points, whereas the wider Nifty of the National Stock Exchange closed at 4038 points, up by 0.75 per cent. 

Stock Mkts May See More Weakness In Coming Days, Says Vishwas Agarwal

Stock market analyst, Vishwas Agarwal stated that on the Bombay Stock Exchange Markets May See More Weakness In Coming Days, Says Vishwas Agarwal(BSE) above 13,350, some trading upmoves up to 13,876 level, will be expected only on positive news from Fed meet in US.

If any encouraging news will emerge of this meeting, investors can expect short covering to happen after 2,000 points drop, but this relief recovery cannot be considered as a come back of bull trend, it’s just a relief recovery.

Upside Not Likely Until RIL & Banking Stocks Recover, Says Vishwas Agarwal

After opening with a gain of 107.79 points at 14,432.08, the 30-share index, BSE Sensex Upside Not Likely Until RIL & Banking Stocks Recover, Says Vishwas Agarwalwent down on account of heavy selling action witnessed in IT, real estate and banking stocks.

BSE Midcap and Smallcap lost 0.73% and 0.41% respectively.

On Thursday (Sep 11), the Sensex marked its closure after losing 338.32 points, whereas the NSE Nifty fell by 109.95 points.

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