Manish Shah, Founder, Niftytriggers.com

Nifty closed the week flat. Support on the weekly at 14,500 holds. What we need is a push above 14,900-15,000 for Nifty to move higher. The last five days of trading were lackluster but Nifty has closed above the 20 period average on the daily and has held above that for two days in a row. The contraction in volatility cannot remain at compacted levels for a long time. There is a down-trendline that is stopping the price from moving higher. What we need is a strong close in Nifty above 14,950-15,000 for the rally to continue. A break above 15,000 should propel Nifty higher to 15,300 and above in the days to come.

Apr 9, 2021 4:20 PM

Deepak Jasani, Head of Retail Research, HDFC Securities

Indian benchmark equity indices ended the final trading session of the week on April 09 on a negative note after a three-day gaining streak. Nifty has formed a mild bearish engulfing pattern on daily charts after a doji. This suggests hesitation on the part of traders to go all out on long side at these levels. However the broader market continues to perform well and sectoral rotation gives traders enough opportunities to trade. On upmoves, 14,984-15,050 continues to be a resistance while 14,687-14,737 on the downside could provide support.

Apr 9, 2021 4:18 PM

Apr 9, 2021 4:17 PM

Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services

The week has been very volatile and rupee has depreciated nearly 2.5% on unprecedented bond buying plan by the RBI. Had the movement been dollar index driven, we wouldn’t have seen such a sharp depreciation in the rupee. Again next week is a truncated week with two currency holidays, so we can expect the optimism over dovish Fed to limit the fall in rupee with focus on India’s CPI data and impact of COVID-19 second wave. In USDINR spot RBI is seen intervening in the spot around 74.95 zone, so we can expect the spot to trade within 74.25-75.25.

Apr 9, 2021 4:07 PM

Apr 9, 2021 4:06 PM

Apr 9, 2021 4:06 PM

Heena Naik, Research Analyst - Currency, Angel Broking

The opening levels of GBPINR in the month of April was 100.75. From there it went on to surge towards 103.05 on 7th Apr’21 and since then has been trading in a range-bound manner with a slight bullish bias. Reason behind this uptrend in the currency could be attributed to weakness seen in the Indian Rupee that has weakened by more than 1 percent in the last two days owing to volatility prompted by the RBI’s bond buying plan in the recent RBI Policy meeting. On the other hand, GBPUSD has entered the negative zone by weakening towards 1.3717 from 1.3900 levels in the last four days. This bearish trend was after Europe’s drug regulator founded a link between AstraZeneca’s Covid-19 vaccine and blood clots. In fact, the UK medical regulator abruptly changed its guidance over the vaccine too which could complicate the vaccination campaign in the future.

Apr 9, 2021 3:59 PM

Top market and economy voices on COVID second wave, markets, trends and more

Here is what market gurus and industry captains said about the near-term trajectory on April 9, 2021.Get latest Market online at cnbctv18.com

Apr 9, 2021 3:57 PM

Vinod Nair, Head of Research at Geojit Financial Services

Domestic markets traded in a mild negative territory following weak global cues and increasing covid cases. Fall in the market was led by the private banks as concerns on the bank's asset quality spiked with increasing restrictions across states. Buying interest was seen in PSU Banks in hopes of finalisation of potential privatisation candidates. On the sectoral front, pharma stocks were the top gainers while broader markets continued to perform well.

Apr 9, 2021 3:56 PM

Here are key stocks that moved the most on April 9

The Sensex ended 155 points lower at 14,591 while the Nifty fell 39 points to settle at 14,835.Get latest Market online at cnbctv18.com

Apr 9, 2021 3:55 PM

Market This Week

- Sensex & Nifty Slip 1% & 0.2% Respectively; Nifty Bank Over 4%

- Nifty Bank Records Biggest Weekly Fall In Last Eight Months

- Midcap Index Gains For 2nd Straight Week, Up More Than 5% In 2 Weeks

- Nifty Metal The Biggest Gaining Index This Week, Up Over 6%

- Nifty Metal is Up for 3rd Straight Week, Up 16% In last 3 Weeks

- Nifty IT Gains Over 5%, the Biggest Weekly Gain Since The 1st Week Of Jan

- 24 Nifty Stocks Give Positive Returns; JSW, Adani Ports, Wipro Top Gainers

- All 5 Top Nifty Losers After Financials; Bajaj Fin, IndusInd, Axis, SBI Top Losers

Apr 9, 2021 3:46 PM

Market At Close

- Financials Remain A Drag; Nifty Bank Falls 1% Vs 0.3% For Sensex & Nifty

- Pharma Lends Support With The Leading Index Gaining More Than 3%

- Sensex Falls 155 Points To 49,591 & Nifty 39 Points To 14,835

- Nifty Banks Slips 335 Pts To 32,448 While Midcap Index Rises 43 Pts To 24,506

- Cipla, Sun Pharma, HUL, Tech Mahindra & Wipro Top Index Gainers

- Reliance, ICICI Bank & HDFC Bank Drag Nifty By 44 Points

- ICICI bank & HDFC Bank Contribute Nearly 80% To Nifty Bank Fall

- Demand Rise For Remdesivir Lifts Pharma Stocks Such As Cadila, Cipla & Jubilant

- Bank Of India Surges Over 9% After Share Issuance To Govt Via Pref Allotment

- Market Breadth Remains In Favour Of Advances; Advance-Decline Ratio At 1:1

Apr 9, 2021 3:44 PM

Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments

The markets have been subdued today and failed to get past the 14,950-15,000 resistance zone. It is crucial for this level to be taken out in the coming week as that would signal an up move to 15,300-15,400. If the support of 14,400 is broken, we will revisit the previous lows of 14,200 and can drift further to 13,900.

Apr 9, 2021 3:40 PM

Closing Bell | The Indian equity market ended lower on Friday dragged by losses in metals, private banks and auto stocks. The Sensex ended 154.89 points, or 0.31 percent lower at 49,591.32, while the Nifty fell 38.95 points, or 0.26 percent, to close at 14,834.85. Broader markets outperformed the benchmarks as midcap and smallcap indices ended higher.

Among sectors, Nifty Pharma rallied the most over 3 percent followed by Nifty PSU Banks, Nifty IT and Nifty FMCG, while metal, private bank, financial services and auto indices ended in the red. On the Nifty50, Bajaj Finance, UPL, Tata Steel, UltraTech Cement and NTPC were the top losers, while Cipla, Sun Pharmaceuticals, Hindustan Unilever, Tech Mahindra and Tata Consumer Products were the top gainers.

Apr 9, 2021 3:38 PM

Rupee remains under pressure, touches 8-month low

The rupee depreciated 17 paise to 74.75 against the US dollar in opening trade on Friday tracking weakness in other Asian currencies. The rupee touched a fresh eight-month low as traders cover short dollar with bond yields below six percent for the first time in two months. Traders also said the domestic unit is trading on a weak note as investors believe that the central bank's bond-buying plan could be bearish for the currency due to inflationary concerns.

Apr 9, 2021 3:22 PM

Load more