U.S. stocks closed modestly lower on Friday, the last trading day of 2023, capping a robust year-end rally as investors eyed easier monetary policy in the year ahead. The stock market has seen remarkable upward momentum in the closing months of the year, powering all three major indexes to monthly, quarterly and annual gains. For … Read more
Sanjiv Bhasin, Director, IIFL Securities, says, “the CD norms are changing , where the credit deposit ratios have to be brought below 75. Some of these new-age banks, particularly IDFC Bank, will be very affected by this as NIMs are affected by at least 75 basis points plus there is a merger talk which can … Read more
As Nifty is ending the record-breaking year 2023 with a handsome upside of 20%, billionaire banker Uday Kotak on Friday warned Dalal Street’s Covid batch of investors of the unpredictability of the stock market, giving the example of Japan. “Many investors have joined post Covid. They have mainly seen upside. While the situation is not … Read more
After ending the monthly F&O expiry 8.2% higher on the back of sustained buying by FIIs, some profit booking was seen in Nifty on Friday morning. The index had closed with a Doji candle near an all-time high level on Thursday. We spoke to Sudeep Shah, Deputy Vice President and Head of Technical & Derivatives … Read more
In a memorable year for the equity market, Dalal Street investors added a whopping Rs 80.62 lakh crore to their wealth in 2023 as a raft of positive factors powered a stellar rally in stocks. Experts said India’s strong macroeconomic fundamentals, political stability owing to the BJP’s success in recent elections in three significant states, … Read more
Dinshaw Irani, CIO, Helios MF, says “people have FOMO, the fear of missing out, but the point is that there are so many stocks in the market, and we have seen that consistently around a third of the market does fairly well, and that is like a huge amount of stocks. So we have enough … Read more
Sanjiv Bhasin, Director, IIFL Securities, says “I am in the camp that says we may hit a crescendo. Generally, when fools buy, you should be looking to sell or book profits and when fools sell, you should be looking to buy aggressively. So, it is the total opposite of what dichotomy is, that the biggest … Read more
Gautam Shah, Founder & Chief Strategist, Goldilocks Premium Research, says “now our high conviction bet is SBI. It can do something special in 2024 if you want to just pick one stock among the largecaps. So given this view, banking as a space should do well and that should keep the entire market safe. You … Read more
Neeraj Chadawar, Head of Quant Strategy, Axis Securities, says “we firmly believe that the Indian economy is rightly placed and continues with the growth momentum and we continue to believe in double-digit returns. Given the valuations are stretched at current juncture, we believe that bottom-up theme is the best place to identify the stock based … Read more
Hindalco Industries. Share Price 605.60 03:59 PM | 27 Dec 2023 25.75(4.44%) UltraTech Cement. Share Price 10436.10 03:56 PM | 27 Dec 2023 417.46(4.16%) Bajaj Auto. Share Price 6709.65 04:01 PM | 27 Dec 2023 245.10(3.79%) Tata Motors. Share Price 740.90 03:59 PM | 27 Dec 2023 21.36(2.96%) JSW Steel. Share Price 875.90 04:01 PM … Read more
