Easing restrictions fueled rally - Weekly Market Newsletter | Monergise 2 MIN READ Market Overview Equity markets globally had a healthy run this week as governments across the globe eased lockdown restrictions. Further, the hopes of coronavirus vaccine kept the mood buoyant. However, the markets chose to ignore rising tensions between the US-China after China’s parliament approved Hong Kong national security bill. Back in India, after three weeks […]
Easing lockdown conditions fueled rally for the markets this week.
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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?
Cautious road ahead - Weekly Market Newsletter | Monergise 2 MIN READ By Monergise Market Overview The global market’s mood remained nervous amid rising cases in the US (65-66k) which raised investor concerns of a possible re imposition of lockdown in certain states. In India as well, after a strong start to the week on Monday, the Indian markets remained choppy mirroring global peers. The positive speech […]
Indian markets continued to gain for 4th straight week.