Bharat Express

Bulls Vs Bears

FIIs were net sellers today and sold Rs. 2546 crore in the cash market. On the other hand, DIIS were net buyers at Rs. 2877 crore.

World markets are reacting positively to the UBS buy-out of Credit Suisse. Dow futures is up around 100 points. Meanwhile, European markets are trading in the green as we write. Even though Dow futures is trading in the green, Indian markets are expected to open negatively fearing volatility. Asian markets are trading lower. SGX Nifty …

After the initial gap up the bulls let the market slip again. However late in the afternoon the bulls consolidated and took control. Nifty closed above 17100 up 114 points. Bank Nifty also closed on a positive note. It was by 465 points and is now trading at 39598. Nifty bank fell sharply during the …

Indian markets are expected to open higher as European and US banking systems are stabilising. SGX Nifty is trading at 84 points higher at 17131 as we write. Europe and US markets bounced back after a volatile session as the European Central bank hiked interest rates by 50bps. European banking stocks had rallied in the …

The vibes are similar to the 2008 Lehman crisis. The banking saga is far from abating and now spreading to Europe as Swiss Credit Suisse Group AG plummeted to close 24% down.

Both Nifty and Bank Nifty were seen sliding since morning and continued till close. Both the indices have engulfed the previous day prices indicating a very bearish outlook. Nifty and Bank Nifty closed in red for the 5th day in a row..

The bears are sensing that the bull charge may be short-lived and eventually the bears will steer it their way...