Shibani Sircar Kurian, Senior EVP, Sr. Fund Manager & Head -Equity Research, Kotak Mahindra Asset Management, says “We are not expecting to see any major earnings downgrades. But if you look at the first half of the year, in terms of earnings, the first half of the year has been extremely strong. And from that … Read more
The last week of 2023 ended with a strong bullish candle and the trend is expected to continue as investors enter the new year with fresh enthusiasm. In light of this, three stocks have formed a strong setup on the charts for further rally, giving a good risk-reward ratio. Here’s the trading strategy from Sheersham … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty future closed negative with losses of 0.26% at 21830 levels on Monday. India VIX was up by 1.24% from 14.50 to 14.68 levels. Volatility was slightly down and has been cooling off in the last three sessions. Positive setup was … Read more
Mumbai: Most leading Dalal Street participants don’t see any need to tone down their enthusiasm on the stock market’s prospects in 2024 on the heels of the record-breaking run in the previous year. Indian equities are likely to scale new peaks in 2024, with the Nifty forecast to touch 23,500-25,000 levels, said a majority of … Read more
As we bid adieu to 2023, several pivotal events defined the year’s narrative. From witnessing soaring inflation, record-high bond yields and the collapse of 3 banks to the indefinable rally of small-cap and mid-cap stocks, the unpredictable twists and turns of the year imparted valuable lessons for investors. The year 2023 commenced with the Adani-Hindenburg … Read more
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
