Hisse Senetleri Rally’si Devam Ediyor: Sensex 100 Puanı Aştı, Nifty 22.600’i Yukarı Zorluyor

Kısaca

Sensex 100 puan üzerinde, Nifty 22.600’in üzerinde işlem görüyor; bazı hisseler yükselişte. Piyasada genel olarak alım tarafı güç kazanmış olsa da volatilite devam ediyor. Boğa rallisi sürse bile FED ve RBI kararlarıyla kısa vadeli hareketler izlenecek.

Ana mesele

Hisse senetlerinde günlük iyileşme sürecek mi yoksa tetikleyiciler sürpriz bir düşüşe yol açar mı?

Ne değişti?

9.20 itibarıyla Sensex 100 puandan fazla yükseldi ve Nifty 50 22.600 üstünde işlem görüyor; piyasalarda büyüme hâkim görünüyor.

Beni nasıl etkiler?

Okuyucular için kısa vadeli volatilite ve karar güvenliği dengesi önemli olacak.

Ne oldu?

Sensex 100 puan üzerinde, Nifty 50 ise yaklaşık 48 puan artışla 22.600 seviyesinin üstünü zorluyor.

Neden şimdi?

ABD tahvil getirileri ile küresel büyüme endişeleri piyasayı etkiliyor; yerel oyuncular RBI kararını bekliyor.

Neden önemli?

Kısa vadede likidite akışı ve kurumsal yönelimler yeniden dengelenebilir; yatırımcı kararları bu baskılar altında şekillenecek.

Kimler etkileniyor?

• bireysel yatırımcılar
• kurumsal yatırımcılar

Sektör ve piyasa etkisi

Finans ve tüketici hisselerinde göreceli dayanıklılık sürüyor; enerji ve teknoloji hisselerinde dalgalanma gözleniyor.

Riskler

• ABD getirilerindeki dalgalanma
• RBI politika beklentileri ve yönde oluşacak sürpriz kararları
• küresel büyüme görünümündeki olumsuz sapmalar

Takip edilmesi gerekenler

• ABD enflasyon verileri ve Fed yönlendirmeleri
• RBI MPC kararı ve büyüme/inflasyon projeksiyonları
• ham petrol ve emtia fiyatlarındaki hareketler

Haberin tamamı

The Indian stock market extended its recovery for the second consecutive session on Tuesday, with Sensex and Nifty recording slight gains as investors found some relief after the incessant selloff seen earlier, although multiple headwinds warrant caution.At 9.20 AM, Sensex gained over 100 points to open at 72,508, while Nifty 50 rose nearly 48 points to trade above 22,600 on Tuesday.

Broader markets also extended gains, with Nifty Midcap 100 and Nifty Smallcap 100 indices rising up to 0.5%.Trent shares rallied nearly 9% after a strong Q2 business update, while Kotak Mahindra Bank, Axis Bank and NTPC shares rose around 1% each. Bucking the trend, Titan and M&M shares fell around 1% each.Nearly all sectoral indices opened in the green with marginal gains, except a few like Nifty IT and Nifty Auto which slipped into the red with marginal losses.

The overall market breadth turned positive, with NSE seeing 1,494 advances against 1,249 declines, while 100 stocks remained unchanged.Also Read | CAS chaos eases? Jefferies names top stock picks as options volumes recover, IPOs and commodities gain tractionWhat lies ahead for Dalal Street?It would be challenging for the bulls to sustain the rally beyond a point, warned VK Vijayakumar, Chief Investment Strategist at Geojit Investments.

Since the US 10-year bond yield hovers around 5.3%, FIIs will continue selling, pushing the market construct into a ‘sell on rally’’ mode, he said.This means FIIs will continue to sell large-caps despite their attractive valuations and DIIs will continue to buy these stocks since the fund inflows continue unabated. A sustained rally in the market will require a sharp dip in crude prices, according to the analyst.

But there is no clarity on this front.“This uncertainty will weigh on the central bank when the RBI Governor announces the MPC policy decision tomorrow. A 25 bps rate hike appears inevitable in the context of rising inflationary expectations and the rising bond yields in most of the developed world.

A rate hike is already discounted by the market and, therefore, the focus of the market participants would be on the policy stance and the RBI’s estimates on growth and inflation,” he said.From the investors’ perspective it is important to understand that a rate hike would be beneficial for the banks whose margins will improve from rising floating rates, Vijayakumar said, adding that the strong deposit and credit growth in the economy indicate good prospects for the financial sector.Technical view on NiftyAnand James, Chief Market Strategist at Geojit Investments has pencilled in 23,100-23,220 as the near-term objectives to aim for Nifty 50, with 22,800 expected to pose an intermediate challenge.Meanwhile, the benchmark index’s inability to push above the 22,555-22,615 band today will signal the need for some more consolidation, but favoured view does not see a stretch beyond 22,050 for now, the analyst said.Also Read | Market crash wipes out Rs 26 lakh cr in 8 weeks!

Why soaring bond yields may hurt Sensex, Nifty more than elevated oil pricesDisclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication.

The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.

Kaynaklar

• Economic Times - Markets