LGT Wealth India

Month: May 2023

Daily Market Beat – May 31, 2023

Indian equity markets moved downwards snapping a four-day winning rally mirroring the weak cues from the global markets. Investors remained worried ahead of the release of GDP data and disappointed manufacturing data from China. News related to latest developments around the U.S. debt ceiling bill also weighed on the market sentiments. However, decline in crude …

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Daily Market Beat – May 30, 2023

Indian equity markets closed higher for the fourth successive days ahead of the release of Gross Domestic Product (GDP) data. Continuous foreign fund inflows and hopes for pause in rate hike by the Federal Reserve boost the market sentiments. However, investors remained cautious about the implementation of debt ceiling deal in the U.S, which capped …

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Daily Market Beat – May 29, 2023

Indian equity markets extended the winning rally for the third consecutive days as supportive global cues following the agreement over the U.S. debt ceiling underpin the market sentiments. Additionally continuous foreign fund inflows also added to the gains. However, profit booking at the higher level for IT stocks restricted the upside of the benchmark indices.

Daily Market Beat – May 26, 2023

Indian equity markets rose for the second successive days followed by strong buying in some of the key stocks. Strong buying from foreign institutional investors coupled with upbeat cues from the helped to improve market sentiments. Decline in oil prices in the global markets and ease in concern over the U.S. debt ceiling also added …

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Daily Market Beat – May 25, 2023

Indian equity markets recovered from early losses and closed in green lead by strong buying in FMCG and auto stocks. Weak cues from the global markets followed by the concerns over U.S. debt ceiling discussions, weighed on the market sentiments. However, upbeat quarterly earning updates from some of the index heavy weights helped to erase …

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Daily Market Beat – May 24, 2023

Indian equity markets fell as there was no significant development in the negotiations between the White House and U.S. congressional leaders to raise the federal debt ceiling and prevent a potential default next month. Investors were also awaiting U.S. Federal Reserve monetary policy minutes.

Daily Market Beat – May 23, 2023

Indian equity market rose marginally amid fresh foreign inflows and progress in U.S. debtceiling talks. However, gains were capped amid signs of increasing Sino-U.S. tensions.

Daily Market Beat – May 22, 2023

Indian equity markets rose after remarks made by the chairman of the US Federal Reserve on Friday that suggested the Fed could hold interest rates constant at its next meeting in June. Gains were constrained by increased worries about the state of regional US banks and anxiety about the possibility of a historic US default.

Daily Market Beat – May 19, 2023

Indian equity markets closed higher snapping three days of losing streak followed by firmcues from the global markets. Investors opted for bargain hunting followed by the recentweakness. Upbeat quarterly earning updates also helped to boost the market sentiments.Significant improvement to finalize a deal on the debt ceiling also added to the gains.

Daily Market Beat – May 18, 2023

Indian equity markets erased the gains accumulated in the early trading hours and closed in red for the third consecutive day. Firm cues from the global markets and upbeat quarterly earning numbers helped to uplift the market sentiments. However, rise of crude oil prices in the global market and profit booking in the final trading …

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