Equity indices closed with marginal gains on Tuesday amid profit booking and mixed Asian markets. The 30-share Sensex trimmed most of the gains during the fag-end trading and ended marginally higher by 30 points at 71,386. The Nifty was up 32 points at 21,544. Stocks that were in focus included names like TCS, which rose … Read more
Kotak Mahindra Bank Ltd, part of the private banking space, has fallen over 11% from May 2023 highs but it has bounced back from crucial support and the upmove could extend towards 2000 levels. Short-to-medium-term traders can look to buy the stock on dips towards 1800-1850 levels, suggest experts. The stock hit a 52-week high … Read more
Equity indices surrendered closed with losses on Monday amid a weak trend in global markets. The 30-share BSE Sensex tanked 671 points to settle at 71,355 and the Nifty declined 198 points to 21,513. Stocks that were in focus included names like Trident, which rose 19%, Titan, which fell 0.04%, and Tata Steel, whose shares … Read more
Canara Bank, part of the PSU bank segment, rallied more than 20% in the last 3 months to hit a fresh record high in January 2024 and the chart pattern suggests that the rally may not be over yet. Short-term traders can look to buy the stock on dips for a possible target above Rs … Read more
Indian benchmark indices ended Friday in the green, maintaining their two-session gaining streak on buying action in IT and auto stocks. The S&P BSE Sensex finished at 72,026, up by 178.58 points or 0.25%. Meanwhile, the broader Nifty settled at 21,710.80, higher by 52.20 points or 0.24%. India VIX, a measure of volatility in Nifty, … Read more
Benchmark indices closed marginally higher for a second straight day on Friday amid mixed cues. The 30-share Sensex jumped 178 points to settle at 72,026 and the Nifty climbed 52 points to 21,710. Stocks that were in focus included names like Century Textiles, which rose 0.84%, HAL, which jumped 3.30%, and Tata Steel, whose shares … Read more
Do you think Nifty will peak out at around 21,000-22,000-level? Hold on! The most bullish target for the new year 2024 goes as high as 25,000 while bears see the market crashing up to 20%. Domestic broking firm ICICIdirect has set Nifty target for December 2024 at 25,000 by valuing the index at 20x PE … Read more
Pidilite Industries Ltd, part of the specialty chemical space, hit a fresh 52-week high in January 2024 but the rally may not be over yet, and long-term investors can look to buy the stock for a possible target above 3000 levels, suggest experts. The specialty chemical stock hit a 52-week high of Rs 2792 on … Read more
Equity indices rebounded on Thursday after sliding for the past two sessions. The 30-share Sensex jumped 490 points to settle at 71,847 and the Nifty climbed 141 points to 21,658 points. Stocks that were in focus include names like Bajaj Auto, which fell 0.81%, Sobha, which jumped 15.8%, and Adani Ports, whose shares jumped 2.5% … Read more
Aptech Ltd, part of the education industry, has fallen more than 30% from May 2023 highs and has taken multiple support above 240 levels and bounced back which suggests that the stock has bottomed out. Short-term traders can look to buy the stock for a possible bounce back towards 300 levels in the medium term, … Read more
