Bank Nifty

nifty50: Why Nifty Bank has underperformed Nifty50 in the past one year

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Rallies in the markets may not present a clear picture of certain key developments. This is the very nature of the markets. A little bit of digging helps reveal stories which may not be apparent in the broad sentiment which engulfs the markets. Take for instance, the banking index. In the past one year ended … Read more

Nifty: Nifty on a roll, has 23,000 in its sights: Analysts

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Technical charts indicate a continuation of the positive trend going ahead, with the India VIX currently trading below 12. Any market dip presents a buying opportunity, as technical analysts predict Nifty will move towards the 22,800-23,000 levels soon. Stocks such as Vedanta, Hindalco, JSW Steel, City Union Bank, Canara Bank, HDFC Bank, ABB, ITC, HUL, … Read more

Bank Nifty: Bullish setup in Bank Nifty, bank stocks may run up

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Mumbai: Traders are gearing up for a short-term run-up in banking stocks. The Bank Nifty has risen for four consecutive weeks, outperforming the Nifty, while there has been an increase in outstanding positions in its derivatives contracts. Analysts said when the Bank Nifty performs better than the Nifty for four straight weeks and its futures … Read more

How Nifty and Bank Nifty performed on leap days over the years – Quick Recap

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Adani Enterprises. Share Price 3285.40 03:59 PM | 29 Feb 2024 66.41(2.07%) Tata Consumer Products. Share Price 1190.05 03:59 PM | 29 Feb 2024 22.10(1.90%) IndusInd Bank. Share Price 1474.90 03:58 PM | 29 Feb 2024 25.71(1.78%) Mahindra & Mahindra. Share Price 1932.40 03:59 PM | 29 Feb 2024 30.75(1.62%) Adani Ports & Special Economic … Read more

mpc: RBI keeps rates unchanged for sixth time in a row

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The Reserve Bank of India (RBI) Thursday maintained the policy interest rate and monetary stance for the sixth straight meeting citing geopolitical tensions and an uncertain food price trajectory, but forecast robust economic growth next fiscal on sustained capital expenditure by both the public and private sectors. Hopes of an early reduction in rates have, … Read more

3 top stock picks from Rajesh Palviya for next week

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“We do expect that this rally can extend further. It is not a one-day rally and as we have already marked a new all-time high, overall if we analyse the structure, the short covering action was clearly there,” says Rajesh Palviya, Axis Securities. Let us talk about that record high rally that we saw on … Read more

Nifty: Nifty bullish, may touch 22400 soon: Analysts

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Most technical indicators suggest a bullish formation in Nifty, indicating a potential test of the 22,400 level soon. However, technical analysts note that the ascent might be gradual due to the underperformance of bank shares. Infosys, Cipla, Aditya Birla Capital, LIC Housing, Aptus, Bharti Airtel, Birla Soft, Canara Bank, IOC, PNB, RIL, Tata Consumer, Tech … Read more

nifty: Working target for Nifty@22,300; focus on 5 sectors now: Gautam Shah

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Gautam Shah, Founder & Chief Strategist, Goldilocks Premium Research, says “now our high conviction bet is SBI. It can do something special in 2024 if you want to just pick one stock among the largecaps. So given this view, banking as a space should do well and that should keep the entire market safe. You … Read more