While Nifty Bank has logged in double digit returns over the last 1 year, its performance against broader Nifty50 and its other sectoral peers remains subpar. With rising deposit cost and moderation in net interest margins (NIMs), experts remain wary of the pack, toning down their expectations from the sector that has the largest weight … Read more
Equity markets began the week on a positive note and registered modest gains during a subdued trading session. In today’s trade, shares of ICICI Bank, Vedanta, HAL, Adani Green, Medi Assist Healthcare among others will be in focus due to various news developments. ICICI BankFollowing allegations from the Congress party, ICICI Bank clarified that Sebi … Read more
The technical trend indicates a continuation of the ongoing rally, but the high FII long-to-short ratio suggests a cautious outlook for the week. According to technical analysts, the 24,850-24,900 zone will act as crucial support, and Nifty could steadily move towards 25,600 level. However, if 24,850 is breached, profit booking up to 24,500 cannot be … Read more
“For this September series, we expect the range for September series for Nifty is 24,800 on the downside and on the higher side 25,600, this is going to be the possible range for Nifty. For Bank Nifty, the immediate supply zone which is placed is around 51,500 which is very important level to cross on … Read more
HDFC Bank witnessed a short covering in the August series while a significant short build up was seen in SBI as the Bank Nifty gained 0.5%, settling at 50,889 mark while the PSU Bank index was down by 2.6%. The Nifty 50 index gained 3.1%, settling at 25,152 witnessing a 77% rollover for the next … Read more
“So, while we do like the space in terms of valuations and the fact that most of the banks are very well capitalised, asset quality is under control, the market in the current stage is looking out for companies with a lot of growth potential and excitement,” says Hemang Jani, Independent Market Expert.I wanted to … Read more
Amid mixed global cues, Indian equity indices Sensex and Nifty opened slightly higher on Wednesday, driven by gains in auto and energy stocks. The BSE Sensex was up 89 points, or 0.11%, at 81,799, while the Nifty50 rose 19 points, or 0.08%, to 25,036—just 42 points shy of its all-time high—around 9:22 am. From the … Read more
The combined market valuation of nine of the top 10 most valued firms jumped by Rs 95,522.81 crore last week, with Reliance Industries, TCS and HUL emerging as the biggest gainers. Rising for the fourth straight session, the 30-share BSE Sensex ended 33.02 points or 0.04 per cent higher at 81,086.21 on Friday. Last week, … Read more
Indian equity markets will remain open for trading on Monday, August 26, the day when the country will be celebrating Krishna Janmashtami. Apart from the BSE and the NSE, domestic commodity markets will also see activities at their usual timings. Multi Commodity Exchange of India (MCX), which is the largest non-agri commodity exchange, trades in … Read more
For those worried about buying stocks in an expensive-looking market, sector rotation can be an effective money-making strategy, according to Mohammed Abrar Asif, Co-CEO of Riyadh-based Hades Financial Private Capital Group. “This involves reallocating investments from overvalued sectors to those with more attractive valuations. For example, while IT and Financial Services have seen significant run-ups, … Read more
