Economists caution that the demand for goods and services could taper off in the months ahead
In the primary market, three IPOs will hit the street today
EMs may struggle in the short term on the back of rising geopolitical developments, say Jan Lambregts and Hugo Erken
"September quarter earnings will be somewhat a mixed bag, as the pandemic has had varying impact on companies across sectors," says Murarka.
The S&P BSE 500 index, which accounts for 94 per cent market capitalisation of BSE listed companies, has gained 45 per cent from its March 24 low.
Central bank had planned to buy up to Rs 100 billion ($1.35 billion) worth of six-year to 11-year papers at an open market operation.
The S&P BSE Sensex plunged 1,172 points in the intra-day deals on the BSE, while Nifty50 index tanked 342 points on the NSE
"I expect market volatility to remain high as the US election approaches," says Holland.
Today, globally, the 'Robinhood' investors are considered a force to reckon with, due to their collective liquidity and well spread reach.
Market players said the lockdown and social distancing norms had made it difficult for companies, investment bankers and legal firms to do the paper work for IPO filings
This is the third straight auction of 10-year bonds that has devolved, leaving the market perplexed
Major global indices have all gained 37 per cent to 75 per cent since their respective March 2020 low
Keep an investment horizon of at least five years, start with US and then go beyond that
"Mid caps and small caps are much more exposed to the uncertainties related to the pandemic, so it would be harder to find value and avoid mistakes"
Globally, the rising coronavirus infections and geo-political tensions have created uncertainty on the economic recovery front.
Market experts attributed the inflows to better-than-expected corporate earnings and increasing global liquidity
The momentum indicators and oscillators on the weekly scales are still in 'buy' mode
The risk-on sentiment has been fuelled by continuous liquidity injection provided by major central banks across the globe, especially the US Federal Reserve
Over 50 companies are slated to release their June quarter results later in the day. The list includes names such as Astral Poly Technik, Avadh Sugar, Gujarat Gas, and Unichem Laboratories
Lack of earnings visibility in near-term, investor behaviour contribute to selling