With scores of happy-go-lucky retail investors who have never witnessed a full-fledged bear market cycle making tons of money on Dalal Street, the big boys have been left behind in the race at least for now. Market veteran Nilesh Shah of Kotak Mahindra AMC admits this saying experience has become a liability in the market. … Read more
“The whole idea is that if we do not repeat our mistake, that is the reason we build our system and process around that. So, learning from mistake is something very important and we have to keep on acknowledging it, that yes, as human beings we have made mistakes and we will make mistakes, so … Read more
The NSE Indices Committee recently announced the September 2024 semi-annual reshuffle, affecting major indices such as the Nifty 50, Next 50, Nifty 100, and Nifty Bank. Effective September 30th, these adjustments are expected to significantly impact fund flows within the market. Two sectors, in particular, are poised for significant activity: retail and defense. In the … Read more
We believe there might be both time and price-wise correction in the days to come. As we have previously seen, DIIs are buying at every dip in the market, so the downside may be limited, said Dr Ravi Singh, Senior Vice President, Retail Research at Religare Broking. This analyst spells-out strategy in previous week’s major … Read more
Shares of PSU power stock SJVN on Friday rallied over 13% to the day’s high of Rs 159.60 on BSE after receiving a Letter of Intent for allotment of Darzo Lui pumped storage project from the Mizoram government. “With an installed capacity of 2,400 MW, the Pumped Storage Project has been proposed across Darzo Nallah, … Read more
With the post-election and pre-Budget rally taking Sensex towards uncharted zone of 81,000 level, Nimesh Chandan, CIO, Bajaj Finserv AMC, says elevated valuation level is forcing him to think contrarian. “Due to high valuations in certain pockets of the market, we may see some sector rotation by investors in the coming months,” says the Dalal … Read more
Hemang Jani, Independent Market Expert, considers defence and railways as purely momentum plays and says that maybe it will last up to whatever it has to last because we never thought one year back that some of the PSU stocks could go up by 10, 15, 20, or 30 times. So, the momentum can surprise … Read more
Mumbai : The renewed momentum in public sector stocks after the election results on June 4 have resulted in these entities adding nearly ₹12 lakh crore in market capitalisation in little over a month. So far in 2024, these stocks have gained nearly ₹22.5 lakh crore in market value, with the spike in the prices … Read more
With valuations of stocks related to the investment cycle and policy reforms capturing the near term potential, Sailesh Raj Bhan, CIO – Equity Investments, Nippon India Mutual Fund, suggests investors can also consider alternatives in large banks, IT and QSR.“Cyclical themes like manufacturing, industrials trade at higher premiums with high growth expectations and low room … Read more
Shares of Railtel Corporation of India jumped over 11% to hit a fresh 52-week high of Rs 578.50 on the NSE on Friday. Other PSU counters including Ircon International and Indian Railway Finance Corporation (IRFC) also joined the party, hitting fresh 52 week highs. Railway stocks have gained attention ahead of the Modi 3.0 government’s … Read more
