As the dust around the Union Budget 2024 settles down, potential losers in the market as a result of announcements or rather lack of it, are coming to the fore. Sectors that are likely to get negatively impacted in the near term are banks, NBFCs, asset management companies (AMCs), real estate, consumer, defence, OMCs and … Read more
Starting August 1, stocks such as Adani Power, Yes Bank, Suzlon, Hudco, Bharat Dynamics, Bharti Hexacom, IRB Infrastructure, NBCC, Go Digit, Tata Investment, Paytm, and Inox Wind, among 1,010 securities, will not be accepted as collateral. This change comes as the National Stock Exchange (NSE) revises the criteria for securities eligible as collateral. NSE Clearing … Read more
DHARMESH SHAH, HEAD OF TECHNICALS, ICICI SECURITIESWhere is Nifty headed this week?We expect Nifty to continue trade with a positive bias and gradually head towards 24,700 by July end. Higher peaks and troughs supported by market breadth signifies inherent strength (currently 86% of stocks are trading above 50-day EMAs), and the global setup continues to … Read more
PSU stocks Cochin Shipyard and Bharat Dynamics witnessed a sharp fall by 10% to Rs 1,630.55 and Rs 1,293.35 respectively as the BSE PSU index fell by 4% soon after markets opened on Wednesday following the disappointing Lok Sabha election results. The index ended nearly 16% lower on Tuesday as the Narendra Modi-led BJP failed … Read more
Shares of defence stocks crashed 11% on BSE today as early counting trends showed that the ruling NDA may get lower than expected seats in the Lok Sabha elections. Shares of Mazagon Dock fell a little over 11% to day’s low of Rs 2,898.25 while Bharat Dynamics and BEL shares fell by 9.8% to their … Read more
Most technical indicators suggest a short-term bottom reversal for Indian indices. Analysts expect the Nifty to trend higher as follow-up buying may emerge above 22,180, with short positions potentially being challenged above 22,425. Reliance Industries, SBI, Hindalco, Eicher Motors, Maruti, HAL, and M&M, along with midcaps like Jindal Steel and Power, Delivery, Bharat Dynamics, Lemon … Read more
As polling for the seven-phase-long Lok Sabha election began from today, Dalal Street’s 9 crore investors would be closely tracking the mood of 96.8 crore voters spread across India. Ahead of the voting for the first phase, Sensex has given up almost all of its gains made in 2024 after rewarding investors with a 20% … Read more
Indian market is expected to trade higher on Thursday tracking positive global cues. The Nifty future closed negative with losses of 0.65% at 22211 levels on Tuesday. India VIX was up by 1.20% from 12.47 to 12.62 levels. On the weekly options front, the maximum Call OI is placed at 22,500 and then towards 22,700 … Read more
