Selling pressure to aggravate? - Weekly Market Newsletter | Monergise 2 MIN READ Market Overview It was an eventful week for the markets wherein both domestic, as well as global developments, dictated the trend. Firstly, the stimulus package announcement completed on Sunday and the markets were clearly disappointed by it as it focused mainly on providing liquidity and credit support to MSMEs, farmers, etc. However, encouraging developments on […]
The markets ended with losses in an eventful week.
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Development on these factors to dictate the trend - Weekly Market Newsletter | Monergise 2 MIN READ By Monergise Market Overview The global markets continued to march ahead on the back of improving macro data in the US and Europe and better than expected earnings announcement. The optimism was despite stalling of stimulus talks between Democrats and the government. Further, Trump’s executive order of banning US transactions with Tencent’s We Chat and […]
Indian markets rebounded this week led by global cues and positive domestic developments.
However, development on these factors to dictate the trend for the week ahead.
Profit taking or more? - Weekly Market Newsletter | Monergise 2 MIN READ By Monergise Market Overview The global markets took a breather in the week gone by, as weak economic data from the US and Europe and rising COVID-19 cases impacted sentiments. The US economy contracted 9.5% QoQ (equals to 32.9% drop on an annualized basis), and Germany’s economy contracted 10.1% QoQ in Q2CY20. Further, the US […]
After six straight week of gains, the Indian markets ended on a negative note.
Is it just normal profit-taking? or there is more to it?