Research

Daily Update as of 4th May 2022

Time 9:00 AM

• The Nifty is expected to open lower by around 50 to 100 points as SGX Nifty is trading lower at 17550 points. War with China can keep the markets volatile for the coming week. The banks have outperformed in this week. Keep an eye on the textile and metal stocks in the coming week.

• The RBI have increased the repo rates by 50 basis points. Markets have taken into consideration the increase and can rally from here in the coming week

• New IPO will be launched in the coming week. Subscribe for listing gains.

• The FII cash inflow has been positive in the past week. Expect stability and rally in stocks as a result of it.