Dipan Mehta, Director, Elixir Equities, says he always maintains that cash is strategic. If and when a correction came in the past bull markets, he never had any cash to invest. This time, he wants to play it slightly differently. Having 10-15% cash is not such a big negative when he is managing money. He … Read more
The Indian hospitality industry is poised for a significant recovery in 2QFY25, following a subdued 1QFY25 that was hampered by transient factors like general elections, intense heat waves, and fewer auspicious wedding days. According to data from HVS Anarock, the industry’s RevPAR (Revenue per Available Room) remained flat YoY in 1QFY25. This was due to … Read more
“The management strategy of expanding across various formats, expanding its food delivery, TajSATS. So, I think strategically they are doing very well and now the big focus only on managed hotels is working well for them. Stock is not cheap at these valuations at all. Like, we obviously hold for from very low levels and … Read more
The Budget week has not sparked any significant excitement in the market as the government measures were both populist and prudent. The increase in short- and long-term capital gains taxes added to the volatility. During the week, as many as 132 smallcap stocks delivered double digit weekly returns with eight of them offering over 25% … Read more
Benchmarks Sensex and Nifty settled marginally lower in volatile trade on Tuesday as the government proposed to hike securities transaction tax on futures & options in the budget. Stocks that were in focus include names like Indian Hotels, which gained 0.79%, JSW Steel, which rose 0.61%, and BPCL, whose shares declined 0.73% on Tuesday. Here’s … Read more
SUDEEP SHAH HEAD – TECHNICAL & DERIVATIVE RESEARCH DESK, SBI SECURITIES Where is the Nifty eaded this week? Market’s focus would now shift to monsoon and the Union Budget. India VIX has cooled off 60% from the highs of 29-30 levels to the 13 zone, implying smooth sailing for the markets in the near term. … Read more
Nifty ended the week with a closing near its upward-moving channel. The index closed at 23,465, after making a new all-time high on Friday. On the other hand, Bank Nifty is still somewhere in the middle of its upward channel, giving a close at 50,002. The post-election rally has taken everyone by surprise and both … Read more
With Wipro and Infosys’ results out this week, the fourth quarter earnings season will now pick up pace as the upcoming week will witness the results for Axis Bank, ICICI Prudential Life Insurance, Mahindra & Mahindra Financial Services, Tata Elxsi, along with 167 other companies. Other big players across sectors, like HUL, Indian Hotels, OFSS, … Read more
MUMBAI – The National Stock Exchange (NSE) of India will launch four new indices in the cash and futures and options segments with effect from April 8. The exchange has proposed online dissemination of indices namely, Nifty Tata Group 25% Cap, Nifty500 Multicap India Manufacturing 50:30:20, Nifty500 Multicap Infrastructure 50:30:20, and Nifty MidSmall Healthcare, according … Read more
The Indian market is expected to trade higher on Monday tracking positive global cues. The Nifty future closed positive with gains of 0.72% at 22327 levels on Thursday. India VIX was up by 1.02% from 12.70 to 12.83 levels. The Nifty PCR is currently at 1.18. Meaningful call writing is witnessed across 22400-22500 strikes, while … Read more
