Indian market is likely to consolidate on Friday tracking mixed global cues. The Nifty future closed negative with losses of 0.54% at 22,080 levels on Thursday. India VIX was up by 2.08% from 12.62 to 12.88 levels. On the options front, the maximum Call OI is placed at 22,500 and then towards 22700 strikes while … Read more
Nifty Bank, which hit a fresh lifetime high above 49,000 last week, has given an average return of 5% during the March quarter earnings season 7 out of 10 times in the last 10 years, says Anand James, Chief Market Strategist, Geojit Financial Services. Edited excerpts from a chat with James on the market outlook … Read more
Indian market is likely to head higher on Wednesday tracking positive global cues. The Nifty future closed negative with losses of 0.07% at 22733 levels on Tuesday. India VIX was down by 2.02% from 11.61 to 11.36 levels. On the weekly options front, the maximum Call OI is placed at 23000 and then towards 22700 … Read more
Indian market is likely to edge higher on Monday tracking positive global cues. The Nifty future closed negative with a marginal loss of 0.01% at 22611 levels on Friday. India VIX was up by 1.07% from 11.22 to 11.34 levels. Volatility has risen marginally after the cool-off seen in the last 4 sessions. On the … Read more
“If we analyse the call put concentration data also, the put writers are aggressive at 22,400, 22,500 strikes so that clearly shows that base is now shifted higher and 22,400 is likely to act as a support area for any kind of minor dip if we get in the markets,” says Rajesh Palviya, Axis Securities. … Read more
Apr 02, 2024, 02:41:37 PM IST Axis Securities says Nifty earnings will post excellent growth of 15% CAGR over FY23-26. Financials remain the biggest contributors for FY24/25 earnings, it added. Amid this backdrop, here are the top stocks from the largecap space that the brokerage has recommended for April: ET Bureau & Agencies 2/9 ICICI … Read more
Indian market is expected to consolidate on Tuesday tracking muted global cues. The Nifty future closed positive with gains of 0.54% at 22,610 levels on Monday. India VIX was down by 5.84% from 12.83 to 12.08 levels. Since it is the beginning of the new series, options data is scattered at various far-strike prices. On … Read more
Brokerage Citigroup maintained a buy rating on Adani Ports, CLSA maintained a buy rating on D-Mart, Macquarie initiated coverage on AB Capital and Jefferies has a buy rating on BEL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Defence: BEL, HAL, Data Patterns Jefferies maintained … Read more
Maharashtra Bank, Petronet LNG and Finolex Cables are top 3 ideas from Kunal Shah, senior technical & derivative analyst at LKP Securities for the week ahead. Edited excerpts from a chat: After the solid rally seen particularly on Thursday’s expiry, what does the bigger picture look like for the April series which will also mark … Read more
Bajaj Finance. Share Price 6910.10 03:59 PM | 26 Mar 2024 149.21(2.21%) Hindalco Industries. Share Price 558.65 03:59 PM | 26 Mar 2024 10.90(1.99%) Britannia Industries. Share Price 4961.45 03:56 PM | 26 Mar 2024 96.45(1.99%) Adani Ports & Special Economic Zone. Share Price 1304.20 03:59 PM | 26 Mar 2024 22.61(1.77%) Larsen & Toubro. … Read more
