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22 Oct 2016 | 9:49 PM
Research Report

Equity Research Report: Religare Weekly Equity

From the beginning of this month, all eyes were at US Fed meet outcome which was scheduled in the passing week. Domestic markets were witnessing sell-off anticipating a possible rate hike and the same was the real outcome. US Fed increased the key rate by 25 basis points.
18 Dec 2015 | 06:00 PM

  • Nifty has already corrected over 400 points this month itself and tested crucial supports of 7550. The 25 bps rate hike was already discounted hence the domestic markets did not reacted much after the announcement and settled 2% higher on weekly basis.
  • Going ahead, down side seems limited and we expect Nifty to test 8000 plus levels shortly. Traders should adopt sector and stock-specific approach. We expect IT and Consumption sector to outperform in the coming week.
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