BLOG
All eyes on US Fed as rate cut optimism lift sentiments
Nifty reclaimed new highs as rate cut hopes and benign inflation expectations helped by good monsoon and lower brent prices weighed on sentiments. As a result, Nifty gained 2% for the week ahead of US Fed meeting next week
What to expect: Nifty has retraced seven session corrective phase in faster time. Expect to head towards 25800 with key support at 24750.
Private banks showing signs of strength and with their significant weightage likely to steer Nifty higher
Sectorally, BFSI, IT, Metals, Consumption are expected to outperform
Brent: Prices continue their down trend after breakdown from one year consolidation. Expect prices to head towards $67 over coming months while upsides capped at $80
Liquidity: FIIs have been net buyers in four out of past five sessions. As of September 12, FIIs have invested nearly Rs 14,750 crore in domestic equities, including some block deals. Additionally, they brought in around Rs 7,000 crore in yesterday's session (a provisional figure), hence, amounting to approximately Rs 20,000 crore in total inflows so far this month. This reflects confidence in large-cap stocks and suggests that downside risks are limited.
Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Related content
Blogs
Articles - Stocks
Advantages and Disadvantages of NPS
It is a long established fact that a reader will be distracted by the readable content of a page when looking at it...
Articles - Stocks
Advantages and Disadvantages of NPS
It is a long established fact that a reader will be distracted by the readable content of a page when looking at it...
Articles - Stocks
Advantages and Disadvantages of NPS
It is a long established fact that a reader will be distracted by the readable content of a page when looking at it...
Video
Video - Stocks
What is Book Value?
Book Value Explained – Find out what is book value in stocks in this video by ICICIdirect.com.
Video - Stocks
What is Book Value?
Book Value Explained – Find out what is book value in stocks in this video by ICICIdirect.com.
Video - Stocks
What is Book Value?
Book Value Explained – Find out what is book value in stocks in this video by ICICIdirect.com.