Markets have a mind of their own and they behave irrationally when they are exuberant. What better example of this can there be other than what happened after the US Fed announced a rate cut of 50 basis points on Wednesday US time. What did the markets do? They rallied strongly and then closed in […]
Archive for the ‘General’ Category
Fed rate cut and FTSE rebalancing lead to irrational exuberance
September 23rd, 2024
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Performance of Newly Listed Shares as on 20th September 2024
September 23rd, 2024
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Name Date of Listing Issue Price Closing Price Closing Price % Gain Loss % Change Over 200924 130924 Over Week lssue Price Sanstar Limited 26th July 95.00 140.00 148.25 -5.56 47.37 Akums Drugs & Pharmaceuticals Limited 6th August 679.00 850.75 903.05 -5.79 25.29 Ceigall (India) Limited 8th August 401.00 379.90 384.60 -1.22 -5.26 Ola […]
Festival mood in markets with liquidity driving uptrend
September 16th, 2024
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In the last three to four weeks, one finds that a single day’s movement whether upward or downward makes the trend or direction of the whole week. In the previous week it was the movement on Thursday the 12th of September while in the week prior to that it was on Friday the 6th of […]