Breaking News

Nifty Is Inching up Slowly

By Sankara BhavaniStock MarketsJan 11, 2019 09:48
Nifty Is Inching up Slowly
By Sankara Bhavani   |  Jan 11, 2019 09:48
Saved. See Saved Items.
This article has already been saved in your Saved Items

Nifty created panic in investors minds by falling rapidly almost 10% in two months in September and October. Various reasons attributed to this are fear of ruling NDA losing state elections badly, farm loan waiver by the newly elected state governments, slow down in world growth rate, US-Sino trade war, rising borrowing costs in the US due to rising interest rates etc. FIIs heavily trimmed their positions during this period. Indian rupee also lost value considerably in the months of October and November.

WTI Crude prices after reaching a peak of about 75$ in the first week of October slid heavily to 43$ in last week of December. This fall in crude prices laid the base for recovery in Indian equity markets as India's crude import bill is heavy. Rupee also recovered in December some of its lost value. Consumer inflation fell to the lowest level in November well below the comfort level of RBI generating a hope that interest rates will be lowered in future. As per reports, US-Sino trade talks are progressing positively and US Fed chairman Powell assured that central bank is concerned about the fears of financial markets. GST rates on many items are slashed. All these developments further improved the sentiment.

The resignation of RBI governor Urjit Patel and the defeat of BJP in 3 state elections did not cause the expected dent in the markets. As there was not much reduction in the percentage of votes polled in these elections for BJP, markets are still hopeful of NDA victory in general elections. Though there are not many hopes on third-quarter results which are in motion, markets are expecting some friendly measures in the forthcoming interim budget in February. Considering these factors Nifty is likely to continue the upward movement slowly but bouts of volatility in short term cannot be ruled out.

Disclaimer: Analysis and expectations are based on known knows. Known unknowns and unknown unknowns may cause disruptions

Nifty Is Inching up Slowly
Nifty Is Inching up Slowly

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email