Nifty50 Performance Interpretation – Feb 2019
Nifty Performance
Feb 6 (▲ by 1.77% )
Feb 8 (▼ by - 1.14% )
Feb 20 (▲ by 1.24% )
Reason
Optimism over RBI monetary policy rate cut -Stock
markets extended rally on hopes that the Reserve Bank
of India might change its policy stance to stance to
"neutral" from "calibrated tightening" tomorrow -
Certain sections of the market are expecting a 25 basis
points rate cut
A sharp sell-off in metal and auto stocks amid
negative cues from the global markets on renewed
concerns over the US-China trade tiff led to the
collapse.
On the global front, fears of an economic slowdown
resurfaced after US President Donald Trump said he
does not expect to meet his Chinese counterpart Xi
Jinping before the March 1 deadline in trade war
negotiations between the two superpowers.
Sensex sees a gain of over 400 points after 13 sessions
As Indian equity indices rose mirroring gains in Asian
and European peers. US President Donald Trump said
on Tuesday that trade talks with China were going
well and suggested he was open to pushing off the
deadline to complete negotiations.
Indian currency appreciated by 24 paise in intraday
trade to 71.12 against the US dollar, ahead of release
of minutes of US Federal Reserve policy meet.