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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.