Nifty ended Thursday with declines of 216.05 points 1% at 22,488.65 led by strong selling pressure in most sectors. The 50-stock index fell for the fifth straight session and is now trading below the crucial 21-day Exponential Moving Average (21EMA). “The recent decline has disrupted the positive momentum, with Nifty falling below its crucial short-term … Read more
Asian stocks were a sea of red on Thursday and bonds slid on bets global interest rates would stay higher for longer, as investors looked to key inflation readings at the end of the week for further clues on the future path of monetary policy. The dollar rode U.S. Treasury yields higher while gold remained … Read more
The Indian market closed in the red for the fourth straight session on Wednesday, tracking muted global cues. The S&P BSE Sensex fell over 600 points while the Nifty50 was down 183 points to close at 22,704. Sectorally, buying was seen in utilities, power, healthcare, and telecom stocks while IT, oil & gas and banks … Read more
The Indian market is likely to trade lower on Wednesday tracking muted global cues. The Nifty future closed negative with losses of 0.25% at 22,925 levels on Tuesday. India VIX was up by 4.36% from 23.19 to 24.20 levels. On the Options front, the maximum Call OI is placed at 23,000 and then towards 23,200 … Read more
Ramesh Mantri, CIO, WhiteOak Capital AMC, says when we look at combined fundamentals and valuation, there are some sectors where fundamentals are very strong, but valuation is very high like industrials, capex related and then smaller industry segments like defence, electronics and manufacturing. The fundamental corporate earnings have been good but the valuation is high. … Read more
Mumbai: India’s benchmark indices made fresh highs on Monday but gave up early gains as the sentiment remained edgy in the run-up to the election results on June 4. The Sensex crossed 76,000 and the Nifty crossed 23,100 for the first time but failed to close above these levels. Nifty ended at 22,932.4, down 24.6 … Read more
Mumbai: Investors looking to accumulate blue-chip stocks could consider Tata Consultancy Services (TCS), India’s largest software exporter, at current levels as technical indicators are pointing to a limited downside from here. Analysts said interest rate cuts by the US Federal Reserve will be the next big trigger for information technology (IT) stocks, including TCS. According … Read more
The strength in the market is expected to continue this week. Technical analysts predict Nifty could reach 23,400. Recommended stocks for trading this week include Reliance, SBI, L&T, Tata Power, Tata Steel, JSW Energy, Granules, JK Cement, BEL, Ashok Leyland, TVS Motors, RCF, Tata Tech, and Tata Elxsi. DHARMESH SHAH HEAD OF TECHNICALS, ICICI SECURITIES … Read more
Mumbai: India’s benchmark indices soared to fresh all-time highs on Thursday as the Reserve Bank of India’s larger-than-expected dividend payment to the government prompted traders to cover some of their bearish bets. Receding uncertainty over the BJP’s performance in the general elections also bolstered sentiment, with the NSE Nifty ending a whisker away from 23,000. … Read more
“I do not think the market is bracing for any kind of negative surprise at this point of time. And we do think that given the earnings that we have seen so far and the fact that we have underperformed US markets, there is a scope for some sort of an outperformance once the event … Read more
