Tag: stock

CLOSING BELL: Sensex closed 327 points higher at 61,168 and Nifty 50 closed at 18,197, up 92 points

CLOSING BELL: Sensex closed 327 points higher at 61,168 and Nifty 50 closed at 18,197, up 92 points
Monday, January 2, 2023
Closing Bell: For domestic equities, the first trading session of 2023 turned out positive as the frontline indices closed with firm gains today(2 January 2023). The BSE Sensex swung to a low of 60,765 during the day before gaining strength to close 327 points higher at 61,168. Though this was off the day's high of 61,223. The NSE Nifty touched a low of 18,086 but bounced back to close at 18,197, up 92 points. Overall, the trade was undecisive throughout the session due to a lack of global triggers with most markets being closed on account of the new year holiday. Read more

CLOSING BELL: Sensex ended the day with a loss of 293 points at 60,841 and the Nifty 50 settled 86 points lower on the last trading day of the year

CLOSING BELL: Sensex ended the day with a loss of 293 points at 60,841 and the Nifty 50 settled 86 points lower on the last trading day of the year
Saturday, December 31, 2022
Closing bell: After starting on an optimistic note, given the positive mood in global markets, the S&P BSE Sensex rallied to a high of 61,393 in today’s( 30 December 2922) morning trades. The benchmark index, after that, pared gains and slipped into the negative zone as the day progressed owing to weakness in index heavyweights ICICI Bank and HDFC twins. A heavy bout of selling in late trades saw the BSE index plunge to a low of 60,744 – 293 points from the day’s high. The Sensex finally ended the day with a loss of 293 points at 60,841. Despite the day’s loss, the BSE benchmark managed to gain 1.7 percent this week and also signed off the year 2022 on a winning note – 4.4 percent higher. Read more

CLOSING BELL: Sensex ended with a gain of 224 points at 61,134 and the Nifty 50 settled 69 points higher at 18,191

CLOSING BELL: Sensex ended with a gain of 224 points at 61,134 and the Nifty 50 settled 69 points higher at 18,191
Thursday, December 29, 2022
After languishing in the negative zone for the major part of today's(29 December 2022) trading sessions, the key benchmark indices rebounded and ended near the highs of the day led by gains in select banks and metal shares. The S&P BSE Sensex slipped to a low of 60,479 in morning deals, mirroring the weak cues from global markets. However, renewed buying interest, coupled with short-covering owing to the monthly F&O expiry saw the BSE benchmark rally to a high of 61,211 in late deals – up 732 points from the day’s low. The Sensex finally ended with a gain of 224 points at 61,134. The NSE Nifty 50 surged to a high of 18,211, from a low of 17,993, and eventually settled 69 points higher at 18,191. Read more

CLOSING BELL: Sensex leaps 1,181 pts to a fresh 52-week high of 61,841 and Nifty touched 18,362 amid global rally

CLOSING BELL: Sensex leaps 1,181 pts to a fresh 52-week high of 61,841 and Nifty touched 18,362 amid global rally
Friday, November 11, 2022
Indian equities rose in tune with global peers after the release of US inflation data in October raised investor hopes that inflation has peaked. Except for a minor downtick in the Nifty Auto, FMCG, and PSU Bank indices, all other sectoral indices advanced on the bourses. The Nifty IT index led from the front with around a 4 percent surge. Meanwhile, HDFC twins, information technology (IT), and other heavyweights including Reliance Industries, Tata Steel, L&T, and Bajaj twins propelled the S&P BSE Sensex to a fresh 52-week high of 61,841, while the Nifty50 touched 18,362. The indices, eventually, ended at 61,795, and 18,350 levels, up 1,181 points and 322 points, respectively. In the broader markets, the BSE MidCap, and the BSE SmallCap indices added 0.15 percent, and 0.33 percent, respectively, as against the frontline indices' 2-per cent gain. Read more

Sensex and Nifty drop for seventh day running

Sensex and Nifty drop for seventh day running
Friday, September 30, 2022
Benchmark indices fell for the seventh day — their longest losing streak in seven months — ahead of a key rate-setting meeting of the Reserve Bank of India as the selloff in the global markets continued. The central bank is expected to raise the policy rate by 50 basis points (bps). The benchmark Sensex jumped over 500 points in opening trade following an overnight rebound in the US market. However, the optimism was short-lived as the US dollar’s ascent against global currencies continued. The 30-pack index closed at 56,410, down 188 points, or 0.33 percent, over the previous day’s close and 756 points below its day’s high. In the past seven trading sessions, the index is down 3,310 points, or 5.5 percent amid sustained selling by overseas funds, sparked by the decline in the rupee. Previously, the Sensex had declined for seven straight sessions in February. Read more

Fineotex Chemicals gained 100 percent in 2 months

Fineotex Chemicals gained 100 percent in 2 months
Tuesday, September 13, 2022
Shares of Fineotex Chemical rallied more than 9% on the BSE to hit a record high of ₹409.45 apiece on the BSE in Friday's trading session, backed by a strong business outlook. The specialty chemical stock has been in an upward moment over the past few sessions. In the past month, the stock has soared 57 percent after the company reported a strong set of numbers for the quarter that ended June 2022 (Q1FY23). In comparison, the S&P BSE Sensex was up 1.7 percent during the period. Further, in the past three months, the stock has zoomed 156 percent, against a 14 percent gain in the benchmark index.In a clarification sought by the stock exchanges for the significant movement in the stock price, the company in a regulatory filing last week said that “we would like to inform you that, at present the Board of the company has not taken any decision which has an impact on the movement in price. Further, the company has declared its yearly and quarterly positive results in the month of April Read more

Major factors for today's market mayhem

Major factors for today's market mayhem
Monday, August 29, 2022
US markets plunged sharply after Powell’s speech on Friday. The Nasdaq shed the most by falling nearly 4 percent. The futures of the frontline indices were also steeply lower in after-market hours. The same was true for Asian equities as Nikkei, Hang Seng, and Strait times indices tanked up to 2.9 percent on Monday. Fresh recession fears: The US Fed's chair not only maintained that the bank would continue with interest rate hikes but also triggered renewed fears of an impending recession in the US economy. That apart, spiraling gas prices spiral in Europe are further lending strength to fears of a recession in major Western economies. European gas prices hit a record high above €343 per megawatt hour ($100 per million British thermal units) on Friday, hinting at the stark threat to energy-intensive industries. Read more

CLOSING BELL:Sensex stood at 55,397, up 630 points while Nifty reclaimed the 16,500-mark to end at 16,521, up 180 points

CLOSING BELL:Sensex stood at 55,397, up 630 points while Nifty reclaimed the 16,500-mark to end at 16,521, up 180 points
Wednesday, July 20, 2022
The market sentiment on Dalal Street was lifted today(20 July 2022) on Supportive global cues amid consistently falling commodity prices, and the government's decision to cut windfall tax on fuel exports. The S&P BSE Sensex opened gap-up with a gain of over 600 points and built on them to hit a high of 55,630. By the close, the index stood at 55,397, up 630 points or 1.15 percent. The Nifty50, on the other hand, reclaimed the 16,500-mark to end at 16,521, up 180 points or 1.1 percent. Read more

IT stocks likely to remain under pressure amid global headwinds

IT stocks likely to remain under pressure amid global headwinds
Sunday, July 10, 2022
Information technology stocks are likely to remain under pressure in the near term amid headwinds emanating from the worsening economic situation in key global markets and financial market volatility, according to analysts. While the country's largest software exporter TCS reported a 5.2 percent rise in June quarter net profit on Friday, kicking off the latest earnings cycle, IT shares have been sliding, with the BSE Information Technology index tumbling nearly 24 percent so far this year. Cross-currency headwinds and large-scale talent churn resulting in higher wage hikes could also add to the challenges, especially in terms of the impact on operating margins, analysts opined. Read more

Ratnamani Metals zooms 16% ahead of record date for bonus shares issues

Ratnamani Metals zooms 16% ahead of record date for bonus shares issues
Thursday, June 30, 2022
Shares of Ratnamani Metals and Tubes Ltd jumped to hit a 52-week high level of ₹1,920 apiece on the BSE in Thursday's early deals as the stock started trading ex-bonus, a day ahead of its record date for the bonus shares issue. The company will issue one bonus share for every two shares held by the existing shareholders. The bonus issue of shares was announced on May 18, 2022. The record date for the bonus issue is July 1. The Bonus Shares will be issued out of Securities Premium Reserve, Free Reserves, Retained Earnings available as at March 31, 2022. The Bonus shares will be credited/dispatched within 2 months from the date of board approval i.e. latest by July 17, 2022, it had said.“The Bonus shares once allotted shall rank pari-passu in all respects and carry the same rights as the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action, recommended and declared after the new equity shares are allotted," the company added. Read more

LIC stock may be held for long term even if there's no listing gain: Experts

LIC stock may be held for long term even if there's no listing gain: Experts
Tuesday, May 17, 2022
Life Insurance Corporation of India (LIC) failed to cheer investors on its listing day, as its shares debuted at an 8.6 percent discount at Rs 867 apiece on the BSE. On the National Stock Exchange (NSE), the shares debuted at Rs 872, down 8.1 percent against the issue price of Rs 949. The debut was below expectations, and also lower than the discounted value at which shares were offered to policyholders (a discount of Rs 60 per share). "Due to the volatile market conditions amid which LIC’s stock is listing, it may not provide listing gains. New investors who have got an allotment should not feel disappointed due to this. We strongly believe LIC’s stock is a sound long-term bet. If you hold on to this stock for more than three years, you are likely to earn decent returns,” say experts.

Asian and emerging markets entering the late stages of a bear market

Asian and emerging markets entering the late stages of a bear market
Thursday, May 12, 2022
Asian and emerging markets are entering the late stages of a bear market, said some analysts in their outlook note yesterday(12 May 2022). The near-term risks, the note said, are known, but potent. Typically, a market is said to be in a bear phase when the frontline stock indices drop 20 percent or more from their recent high. Read more

Indian equities-buy only on a dip: Chris Wood

Indian equities-buy only on a dip: Chris Wood
Friday, May 6, 2022
Christopher Wood, global head of equity strategy at Jefferies in his latest note to investors, GREED & fear suggested that India remains Asia's best long-term structural story in terms of equities and investors should buy their favourite stocks on a decline. However, given the macro headwinds – the need to tighten monetary policy combined with the continuing risk, if not probability, of a much higher oil price, are the key reasons Wood has been in no hurry to add to the 'overweight' position he has in Indian equities in his Asia ex-Japan portfolio. Read more

MARKET UPDATE: Sensex down 43 points at 57,953, while Nifty flat at 17,326 level

MARKET UPDATE: Sensex down 43 points at 57,953, while Nifty flat at 17,326 level
Thursday, February 17, 2022
The Indian benchmark indices turned volatile soon after they opened with modest gains today(17th February 2022). The market sentiment is being weighed on account of the weekly F&O expiry. The BSE Sensex was down 43 points at 57,953, while the NSE Nifty was flat at 17,326 level. Banking stocks came under selling pressure amid losses led by IndusInd Bank, Axis Bank, ICICI Bank, and HDFC Bank, down 0.5-1 percent. Other top losers were Shree Cement, Ultratech Cement, Dr. Reddy's, SBI, and Bajaj twins. On the upside, PowerGrid, Reliance, M&M, HDFC, and Titan were the top Sensex gainers, up to 1 percent higher. Cipla, Tata Motors, HeroMoto Corp, ONGC, Tata Consumer, and Bajaj Auto were the top Nifty gainers, up 1-2 percent.

Manappuram Finance shares tumbles 13 percent, hits 52-week low

Manappuram Finance shares tumbles 13 percent, hits 52-week low
Tuesday, February 15, 2022
Shares of Manappuram Finance hit a 52-week low of Rs 123.85 after they slipped 13 percent on the BSE in Tuesday's intra-day trade after the financier reported a 46 percent year-on-year (YoY) drop in consolidated net profit at Rs 261 crore in the December quarter (Q3FY22), due to weak operational performance. The non-banking finance company (NBFC) had posted a net profit of Rs 483 crore in the corresponding quarter a year ago. Net interest income (NII) fell 12 percent YoY to Rs 915 crore driven by a sharp compression in spreads. Total income during the October-December period of 2021-22 was down at Rs 1,506.85 crore, as against Rs 1,650 crore in same Technical data of the NBFC stock shows that Manappuram Finance has given a 22% negative return In six months and declined further to 27% in the last year as of February 15. In Q3FY22, profit before tax (PBT) of gold loan and other segments declined 44 percent YoY at Rs 347 crore, Read more

Cryptocurrency market:Bitcoin hits two-week high; Solana, Ethereum, Dogecoin jump up to 11%,

Cryptocurrency market:Bitcoin hits two-week high; Solana, Ethereum, Dogecoin jump up to 11%,
Saturday, February 5, 2022
The world's biggest and best-known cryptocurrency Bitcoin rallied 10 percent to a two-week high today(5t February 2022)mainly due to a return in risk appetite and a rally in stock markets cryptocurrency Ethereum, the second-largest crypto in m-cap terms, also jumped 9 percent. Among key cryptos, Bitcoin was up 10 percent in the last 24 hours at $41,615.37. Earlier, it hit a high of $41,983, taking gains from Thursday's lows to nearly 16 percent and marking a 27 percent rise from the year's low of $32,950.72 on January 24. Ethereum was quoting at $3,030.08, up 8.57 percent. Most of the 10 top digital tokens were trading with strong gains on Saturday. Solana climbed up 10.82 percent, taking its 7-day rise to 23 percent. Polkadot soared 15.37 percent, taking its 7-day rise to 20 percent. At the same time, Terra was up 11.53 percent. BNB, XRP, and Cardano gained 9-12 percent. Tether was trading flat.

MARKET UPDATE:Benchmark indices volatile; Sensex up 50 points at 58,837, while Nifty just 6 points higher at 17,567

MARKET UPDATE:Benchmark indices volatile; Sensex up 50 points at 58,837, while Nifty just 6 points higher at 17,567
Friday, February 4, 2022
The Indian benchmark indices were volatile in early morning trade today (4th February 2022) after starting on a lower note as IT stocks traded weak in line with the US tech stock rout overnight. The BSE Sensex was up 50 points at 58,837, while the NSE Nifty was just 6 points higher at 17,567. Tata Steel was the top Sensex gainer, up 2 percent ahead of its Q3 earnings. Ultratech Cement, IndusInd Bank, HDFC Bank, power grid, Sun Pharma, Dr. Reddy's, L&T, SBI, and NTPC were the other gainers, up between 0.5-1.8 percent. On the flip side, Wipro, Titan, RIL, ITC, HCL Tech, TCS, Infosys, HUL, Maruti, Hero MotoCorp, and Tata Consumer were the top losers on the bourses. In the broader markets, the BSE MidCap index was marginally up by 0.05 percent, while the SmallCap index was trading 0.34 percent higher. Read more

MARKET UPDATE: Sensex lower by 444 points at 59,114, and Nifty at 17,645, down 134 points

MARKET UPDATE: Sensex lower by 444 points at 59,114, and Nifty at 17,645, down 134 points
Thursday, February 3, 2022
The Indian benchmark indices extended losses in noon trade and were now down up to 0.7 percent today(3rd February 2022). The BSE Sensex was lower by 444 points at 59,114, and the NSE Nifty was 17,645, down 134 points. HDFC slipped further and was trading 3 percent lower, followed by L&T, Kotak Bank Infosys, Tech M, HUL, Bajaj Finance, IndusInd Bank, RIL, and Dr. Reddy's, all trading 1-2 percent lower. In the broader markets, the SmallCap index had trimmed gains and was down 0.1 percent, while the MidCap index was 0.6 percent lower. The top losers on the index included M&M finance, Godrej Properties, Supreme Ind, Muthoot Finance, Mindtree, Varun Beverages, and InfoEdge, trading 2-6 percent lower. Sectorally, auto shares continued to trade higher, while Financials and IT continued to be top laggards, down nearly 1 percent each. Read more

Infra, construction stocks rally upto 8 percent after govt aims to expand national highway

Infra, construction stocks rally upto 8 percent after govt aims to expand national highway
Tuesday, February 1, 2022
Infrastructure and construction stocks gained higher intraday on February 1, after Finance Minister Nirmala Sitharaman in her Budget speech said the Union government aims to further grow highway networks in the country by 25,000 km in FY23. PM Gati Shakti will encompass the seven engines for multi-modal connectivity for the states with speedier implementation of development projects through technology to facilitate faster movement of people and goods through Rs 20,000 crore financed by the govt to speed up this project," the FM said in her Budget speech in the Parliament. The government is also going to add more Vande Bharat trains, she said. Execution of national highway projects has been one of the highlights of the Narendra Modi-led government, and companies will hope for higher tendering activity from the National Highways Authority of India (NHAI) in the next financial year. Read more

Closing Bell:Sensex ended the session with 427-points cut at 59,037 level while Nifty gave up the 17,650-mark to end at 17,617, down 140 points

Closing Bell:Sensex ended the session with 427-points cut at 59,037 level while Nifty gave up the 17,650-mark to end at 17,617, down 140 points
Friday, January 21, 2022
In the Indian equity market all sectors, barring selective FMCG counters, slid into the negative territory for the fourth straight day today(21 January 2022) as Global headwinds weighed upon. The S&P BSE Sensex ended the session with 427-points cut at 59,037 level with 10 index constituents ending the session in the green. The 30-pack index had briefly breached below the 59,000-mark intra-day and hit a low of 58,621. On the NSE, the Nifty50 gave up the 17,650-mark to end at 17,617, down 140 points. The broader markets bled even more with both the mid and smallcap indices closing 2 percent lower each on the BSE. Overall, 2,329 stocks ended in the red on the BSE as against less than 1,048 stocks in the green. Fear gauge, India VIX, soared 6 percent to end near the 19-mark. Read more

MARKET UPDATE:Sensex 290 points lower at 61,017 and Nifty down by 94 points at 18,213

MARKET UPDATE:Sensex 290 points lower at 61,017 and Nifty down by 94 points at 18,213
Tuesday, January 18, 2022
The Indian benchmark indices today (18th Jan.2022) were seen coming under selling pressure in early morning deals after a positive start. The BSE Sensex was 290 points lower at 61,017 and the NSE Nifty was down by 94 points at 18,213. The two indices were down by up to 0.5 percent. On the Sensex, only 8 stocks were now in green, as investors booked profits in others. Losses in RIL, Infosys, HDFC, down ( down 0.7 percent each, Maruti (down 3 percent), and Ultratech Cement (down 2 percent) contributed maximum to the index's losses. On the Nifty, Eicher Motors, UPL, Tata Consumer, Divis's Lab, and Grasim were the additional losers. The broader markets, too, were muted in line with the benchmarks. The BSE MidCap and SmallCap indices were now up to 0.6 percent lower. Read more

MARKET UPDATE:BSE Sensex up 100 points at 59,962, and NSE Nifty at 17,839, higher by 34 points

MARKET UPDATE:BSE Sensex up 100 points at 59,962, and NSE Nifty at 17,839, higher by 34 points
Wednesday, January 5, 2022
The Indian benchmark indices were seen recovering slightly in early morning deals in a volatile market today(5th January 2021). The BSE Sensex was up nearly 100 points at 59,962, and the NSE Nifty was at 17,839, higher by 34 points. Banking counters were the leading gainers with the Nifty Bank index up 1.2 percent. The top gainers on the Sensex were Bajaj twins(up 2 percent), followed by HDFC Bank, ICICI Bank, Axis Bank, SBI, up percent each. Metal stocks were also strong with APL Apollo, Jindal Steel, SAIL, JSW Steel, NMDC, HindCopper, Tata Steel, up between 0.6-1.8 percent. On the flip side, IT and Pharma stocks were the major laggards. Tech Mahindra, HCL Technology, Wipro, Infosys, and TCS were trading 0.8-2 percent lower on the BSE. Read more

MARKET UPDATE:BSE Sensex 332 points up at 59,515 and the NSE Nifty at 17,714, higher by 90 points

MARKET UPDATE:BSE Sensex 332 points up at 59,515 and the NSE Nifty at 17,714, higher by 90 points
Tuesday, January 4, 2022
The Indian benchmark indices extended opening gains and were rallying 0.5 percent higher today(4th January 2022). The BSE Sensex was 332 points up at 59,515 and the NSE Nifty was at 17,714, higher by 90 points. Energy majors NTPC and PowerGrid were the top gainers on the Sensex, up over 3 percent each, followed by banking stocks such as Axis Bank, SBI Bank, ICICI Bank, and heavyweight Reliance Industries. On the flip side, IT stocks Infosys, Wipro, and HCL Technology were down between 0.6-0.8 percent. Pharma stocks Sun Pharma and Dr. Reddy's were also in the red zone. Meanwhile, the broader market was also positive. The BSE MidCap and SmallCap indices were up 0.1 and 0.3 percent, respectively. Read more

MARKET UPDATE:Sensex at 57,957 level, up 697 points while Nifty hovered above 17,250-mark, up 200 points

MARKET UPDATE:Sensex at 57,957 level, up 697 points while Nifty hovered above 17,250-mark, up 200 points
Tuesday, November 30, 2021
Indian benchmark indices today (30th Nov.2021) extended their gains and were trading near the day's high level, lifted by realty, IT, and PSU Bank stocks. The S&P BSE Sensex was at 57,957 level, up 697 points or over 1 percent. The Nifty50, on the other hand, hovered above the 17,250-mark, up 200 points. The Nifty Realty index is up 4 percent; IT index 2.2 percent; PSB Index 1.8 percent. Shares of Go Fashion clocked a solid listing on the bourses today, debuting at 91 percent premium on the BSE. The shares are listed at Rs 1,316 per share compared with the issue price of Rs 690. On the NSE, the shares debuted at Rs 1,310 apiece.

Sensex tanks:Correction was overdue;“buy on dips” allocation strategy may be followed

Sensex tanks:Correction was overdue;“buy on dips” allocation strategy may be followed
Friday, November 26, 2021
Stocks eroded over Rs 7.36 lakh crore in investor wealth, as concerns over a new little-known South African variant of Covid with several mutations sent shivers down Dalal Street. The domestic market was already seeing sharp foreign outflows amid rising inflation globally and a hawkish US Federal Reserve stance. The fresh Covid fears may result in a flight to safe havens and selling in riskier assets, which could only increase equity outflows from emerging markets like India. Data showed investor wealth, as measured by BSE market capitalisation, plunged Rs 7.36 lakh crore to Rs 258.30 lakh crore from Rs 265.66 lakh crore a day ago, with severe fall coming in the second rung indices that fell up to 3 percent. The market breadth was extremely weak, with two stocks falling for every one that rose. Read more

5 bank stocks that may give up to 10% return in a month

5 bank stocks that may give up to 10% return in a month
Thursday, November 25, 2021
The current market sentiment is uncertain and may provide opportunities in major stocks. Here are five bank stocks that look good on the technical charts for a 10 percent upside in one month. 1. State Bank of India Likely target: Rs 530 Upside potential: 8% The shares of the banking major took support at its 50-day moving average (DMA), located at Rs 479 recently. As long as this support is defended, the positive bias may help resume an upward momentum towards Rs 530, its next major hurdle, according to the daily chart. The Moving Average Convergence Divergence (MACD) has reached near the zero line and if shows a similar reversal like stock price, the direction and leadership may show an aggressive bullish sentiment. Read more

MARKET UPDATE:Sensex added 76 points to quote at 60,084 levels while Nifty hovered around 17,900-mark

MARKET UPDATE:Sensex added 76 points to quote at 60,084 levels while Nifty hovered around 17,900-mark
Thursday, November 18, 2021
Indian benchmark indices started higher on Dalal Street today(18th Nov.2021) amid gains in PSU Bank, FMCG, and metal stocks. The S&P BSE Sensex added 76 points, or 0.13 percent, to quote at 60,084 levels in early deals while the Nifty50 hovered around 17,900-mark. In the broader markets, the BSE SmallCap index extended its outperformance into the third day, up 0.32 percent. Among individual stocks, ITC rose 1 percent and was the top performer on the Sensex index, followed by SBI, Asian Paints, Power Grid, and Titan Company. On the downside, M&M was the biggest laggard, down 1.2 percent. Shares of Vedanta, meanwhile, slipped around 2 per cent on the Nifty on profit booking after the company said it has appointed a committee of directors to evaluate and recommend a range of options and alternatives, including demergers, spin-offs, or strategic partnerships of its aluminium, iron & steel, and oil & gas businesses. Read more

Sensex opened with a positive gap of 336 points at 60,620 and was quoted at 60,505 while Nifty up 83 points at 18,075

Sensex opened with a positive gap of 336 points at 60,620 and was quoted at 60,505 while Nifty up 83 points at 18,075
Wednesday, October 13, 2021
The Indian markets opened on a positive note today (13th Oct.2021), with benchmark indices scaling new peaks in opening trades, on the back of better-than-expected CPI September Inflation and August Industrial Output data. The headline inflation dropped to a 8-month low at 4.35 per cent, while the IIP grew at 11.9 per cent. The BSE Sensex opened with a positive gap of 336 points at 60,620, and was quoted at 60,505 at 09:17 AM. The NSE Nifty touched a high of 18,099 in opening deals, and was up 83 points at 18,075. Tata Motors zoomed 15 per cent to Rs 483.90 on the BSE after the company secured funding up to Rs 7,500 crore from TPG for its electric vehicle arm. This is the first major fundraising by an Indian carmaker to push mobility. Read more

Markets have given a thumbs up to the Zee Sony merger news;stock may get re-rated

Markets have given a thumbs up to the Zee Sony merger news;stock may get re-rated
Wednesday, September 22, 2021
The news of Zee Entertainment - Sony Pictures India merger news has resulted in the stock of the Punit Goenka controlled firm hitting the upper circuit of 20 percent at Rs 306.75 on the BSE. This is also the 52-week high level for the counter. According to the analysts, the deal should put to rest investor's concerns regarding corporate governance issues and can result in significant re-rating for the stock going ahead. It currently trades at around 16/14x FY23/24 earnings. Among the other Essel Group stocks, Dish TV India surged 10 percent to Rs 21.54 on the BSE. Zee Media Corporation hit the upper circuit of 5 percent at Rs 12.36, while Zee Learn was up 20 percent to Rs 16.64 on the BSE in intraday trades. In comparison, the S&P BSE Sensex gained 0.27 percent at 59,162 points. Read more

Nifty Metal index slips over 4%, Tata steel was the top drap performance

Nifty Metal index slips over 4%, Tata steel was the top drap performance
Monday, September 20, 2021
Shares of metal companies came under heavy selling pressure on Monday with the Nifty Metal index slipping 4.5 percent on the National Stock Exchange (NSE) in the intra-day trade. The Nifty Metal index has tumbled by nearly 250 points so far today with an intraday low of 5,683.85. The performance comes after the country's copper imports recorded double-digit growth for the June 2021 quarter by a whopping 26% to 60,766 tonnes in the quarter ending June 2021 (Q1FY22) compared to 48,105 tonnes imports witnessed in the same quarter a year ago. A decline in copper price on the back of a stronger dollar further added to the sell-side in stocks globally. Tata Steel was the top drag performance in the index tumbling by 10% as some analysts give a sell target on the company's stock. Read more

MARKET UPDATE:BSE Sensex hit a new pinnacle of 59,551, up 400 points while NSE Nifty claimed 17,747, up 118 points

MARKET UPDATE:BSE Sensex hit a new pinnacle of 59,551, up 400 points while NSE Nifty claimed 17,747, up 118 points
Friday, September 17, 2021
Today (17th Sept.2021) financial stocks, along with RIL, ITC, and Tata Steel, fired upon the bourses, lifting Indian benchmark indices to fresh all-time highs. The BSE Sensex index hit a new pinnacle of 59,551 in early deals, up 400 points, while the Nifty50 claimed 17,747, up 118 points. Bajaj Finance (up 2.7%), SBI, ITC, Bajaj Finserv, Bharti Airtel, Kotak Bank, Maruti Suzuki, and Titan were the top gainers on the 30-share pack. Sectorally, the Nifty PSU Bank index jumped 1%, followed by the Nifty Bank index (0.8%) and the Nifty Financial Services (0.7%). Shares of Vodafone Idea continued their upward movement and were up 10 percent at Rs 12.37 on the BSE in the intra-day trade today. The stock has zoomed 39 percent in the past two trading days after the government announced a relief package for the telecom sector.

Analysts see 19% upside in HUL (FMCG) stock on strong outlook, product mix

Analysts see 19% upside in HUL (FMCG) stock on strong outlook, product mix
Monday, September 13, 2021
After clocking a big rally, Hindustan Unilever shares may take a breather before hitting fresh record highs, according to some analysts. They are expecting up to 19 percent upside from current market levels, deriving comfort from the company’s long-term growth strategies, along with an increase in prices to protect margins. "The management, during its Annual Investor Meet, appeared upbeat on the medium-term growth outlook and maintained double-digit EPS growth. The commentary emphasized significant leverage on data analytics and technology across functions, which will be a competitive advantage, going ahead," said a report by Emkay Global Financial Services dated September 12. It, however, added that post the recent run-up, there is limited upside potential in the stock. Read more

IRCTC zooms 97% from April low and now among 100 most valuable firms on BSE

IRCTC zooms 97% from April low and now among 100 most valuable firms on BSE
Monday, September 6, 2021
Indian Railway Catering and Tourism Corporation (IRCTC) entered the top 100 most valuable listed companies' club after its stock hit a new high of Rs 3,041.20, up 6 percent on the BSE in intra-day trade today(6th Sept.2021). The stock has rallied 97 percent from its low of Rs 1,541 touched on April 19, 2021. With Rs 48,213 crore market capitalisation (market cap) as of 11:44 am, IRCTC stood at 95th position in the overall market cap ranking on the BSE, the exchange data shows. The state-owned company surpassed Colgate-Palmolive (India), Cholamandalam Investment and Finance Company, Hindustan Aeronautics (HAL), Balkrishna Industries, ACC, and Bandhan Bank in the market cap ranking today. Read more

India's market capitalisation to GDP ratio hits 13-year high

India's market capitalisation to GDP ratio hits 13-year high
Thursday, September 2, 2021
The listed companies in India are worth 122 percent of India’s latest annualised gross domestic product (GDP) — the highest since December 2008, when it had hit an all-time high of around 150 percent. The ratio was 112 percent at the end of June and 103 percent at the end of March. India’s current market capitalisation (m-cap) to GDP ratio is nearly 55 percent higher than the 15-year median ratio of 79 percent. The combined m-cap of nearly 3,500 companies listed and actively traded on the BSE reached a new high of Rs 250 trillion on Tuesday and is up 120 percent since the end of March 2020, and 33 percent since the beginning of the current calendar year. This has created a wedge between stock valuations and India’s macroeconomic fundamentals. Read more

Indian stock market likely to underperform: Chris Wood

Indian stock market likely to underperform: Chris Wood
Friday, August 20, 2021
Indian stock markets are likely to underperform their global peers in case of a global risk-off triggered by a taper scare, believes Christopher Wood, global head of equity strategy at Jefferies. Yet, he remains structurally positive and has hiked allocation to Indian equities by two percentage points (2 ppt). Currently, 31 percent of Wood's Asia ex-Japan thematic equity portfolio for long-only absolute-return investors is in India and includes marquee names such as Reliance Industries (RIL), HDFC, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, Godrej Properties, and ICICI Bank. The major risk to Indian equities, according to him, is the arrival of a new Covid variant, which he says the country shares with the rest of the world. The other risk, according to him, is a change in the Reserve Bank of India's (RBI's) dovish policy.

Sensex falls amid global sell-off

Sensex falls amid global sell-off
Friday, August 20, 2021
Indian stocks tanked today (20th August 2021) following their global peers as the fear of earlier-than-expected Fed tapering set off a selling spree. Barring select names in the IT sector, all sectoral indices traded in the red. Metals were among the worst hit as they also dealt with plunging iron ore and other metal futures prices. India VIX, barometer of volatility, surged nearly The 30-share Sensex index declined 300 points, or 0.4 percent, and closed at 55,329 levels on Friday while the Nifty50 index ended at 16,451 levels, down 118 points or 0.7 percent. Both the indices had hit intra-day lows of 55,014 and 16,376, respectively, earlier today(20th August 2021). Read more

Rally had sustained through 2020 and the second wave and was “not a blip”.FM Nirmala Sitharaman

Rally had sustained through 2020 and the second wave and was “not a blip”.FM Nirmala Sitharaman
Wednesday, August 18, 2021
Finance minister Nirmala Sitharaman does not agree with the sentiment that there is a disconnect between the stock market's current run and the real economy. She said the rally had sustained through 2020 and the second wave and was “not a blip”. “Stretched valuations of financial assets pose risks to financial stability. Banks and financial intermediaries need to be cognisant of these risks and spillovers in an interconnected financial system,” wrote Reserve Bank Governor Shaktikanta Das in the Financial Stability Report earlier this year. Read more

IT, FMCG stocks lift Sensex 210 pts up, Nifty tops 16,600

IT, FMCG stocks lift Sensex 210 pts up, Nifty tops 16,600
Tuesday, August 17, 2021
Indian Benchmark indices turned sharply higher in the last hour of trade today(17th August 2021) amid strong gains in IT heavyweights, FMCGs, and HDFC stock. The frontline BSE barometer zoomed 210 points, or 0.4 percent, to end at 55,792 levels while the NSE's Nifty50 closed at 16,615-mark, up 52 points or 0.3 percent. In the intra-day deals, both the indices scaled new peaks of 55,855 and 16,628.5 levels, respectively. In the broader markets, the BSE MidCap index outperformed its small-cap and large-cap peers and advanced 0.7 percent. The BSE SmallCap index, meanwhile, was up 0.3 percent. Sectorally, the Nifty IT index hit a new lifetime high of 33,487 in the intra-day. It ended 2.6 percent higher at 33,415. On the downside, the Nifty Metal index skidded 2.5 percent.

Vehicle scrappage policy, Ola e-scooter: How to trade key auto stocks

Vehicle scrappage policy, Ola e-scooter: How to trade key auto stocks
Monday, August 16, 2021
Last weekend the government notified vehicle scrappage policy and Ola launched its e-scooter. In this backdrop following are the tips for the trading of auto stocks: 1. Maruti Suzuki India The shares of Maruti Suzuki India are trading below both the major moving averages i.e 200-days moving average (DMA) and 200-weekly moving average (WMA) placed at Rs 7,215 and Rs 7,293 levels, respectively. This breakdown shows a negative bias that may lead to bearish sentiment in the days ahead, if crucial support of Rs 6,758 is broken, which is its 100-WMA. The immediate support comes in at Rs 6,900 and then Rs 6,850 levels. Read more

MARKET UPDATE:Sensex up 80 points at 54,600 levels and Nifty hovered around 16,312-mark, up 30 points

MARKET UPDATE:Sensex up 80 points at 54,600 levels and Nifty hovered around 16,312-mark, up 30 points
Thursday, August 12, 2021
Indian equities made a cautious start today(12th July 2021), after a roller-coaster session yesterday, on the back of gains in auto, metal, and PSU bank stocks. The BSE Sensex index was up 80 points at 54,600 levels while the Nifty50 hovered around 16,312-mark, up 30 points. In the broader markets, the BSE MidCap and SmallCap indices were trading higher, up 0.28 percent and 1 percent, respectively. Key companies like Ashok Leyland, Aurobindo Pharma, Eicher Motors, Hero MotoCorp, IRCTC, NMDC, Natco Pharma, Oil India, Page Industries, Power Finance, BPCL, and Tata Steel are slated to post their quarterly earnings today.

Manappuram Finance shares decline 15 percent after Q1 result

Manappuram Finance shares decline 15 percent after Q1 result
Wednesday, August 11, 2021
Shares of Manappuram Finance slipped 15 percent at Rs 163.45 on the BSE in the intra-day trade on Wednesday after the company reported consolidated profit after tax (PAT) at Rs 436.90 crore, The company has posted Rs 368.11 crore during the previous quarter ended June 2020, up 18.7 percent year on year (YoY), but down 8 percent quarter on quarter (QoQ) for the quarter ended June 2021 (Q1FY22). The company missed street’s expectations due to lower net interest income (NII) in the first quarter of the financial year 2021-22 (April-June). Income from operations was up by 3.4 percent to Rs 1,565 crore in Q1FY22 as against Rs 1,513 crore in Q1FY21, Manappuram Finance said in a regulatory filing. The gold loan book declined 13 percent QoQ to Rs 16,500 crore and gold holdings slipped 11 percent QoQ to 58.1 tonnages. Its assets under management (AUM) hit a six-quarter low. Read more

Midcap and Smallcap stocks down;24 stocks freeze at lower circuits

Midcap and Smallcap stocks down;24 stocks freeze at lower circuits
Tuesday, August 10, 2021
Today (10th August 2021) shares of mid and small-cap companies came under pressure, falling by up to 18 percent on the BSE amid profit booking. At 02:04 pm, the S&P BSE Midcap index and the S&P BSE Smallcap index were down 1 percent and 2 percent, respectively. In comparison, the benchmark S&P BSE Sensex was up 0.23 percent at 54,527 points. With today's fall, mid-and small-cap indices have corrected 3.3 percent and 4.6 percent, respectively from their respective all-time highs touched on August 4, 2021. Prior to that, the S&P BSE Midcap index had rallied 29 percent, and the S&P BSE Smallcap index had zoomed 48 percent in the calendar year 2021. Read more

Rolex rings lists at 1250 39 percent jump over IPO price

Rolex rings lists at 1250 39 percent jump over IPO price
Monday, August 9, 2021
Auto components maker Rolex Rings based in Gujarat made its stock market debut on Monday with its shares listing at ₹1,250 per share on the NSE, surging nearly 39% premium over its issue price of ₹900 per share. It rallied up to Rs 1,264.95, up 40 percent. Analysts had expected it to debut with a 45-50 percent premium. The Rolex Rings was subscribed a massive 130 times by investors last month. Rolex Rings’ Rs 731 crore IPO was a mix of fresh issues of equity shares worth Rs 56 crore while the remaining Rs 675 crore was an offer for sale (OFS) by existing shareholders. The company's price band was fixed at ₹880-900 per share. The company is one of the top five forging companies in India, in terms of installed capacity The client base of Rolex Rings consists of leading global bearing manufacturers such as SKF, Timken, Schaeffler, NEI & NRB Bearings. Read more

Five bank stocks that can rally up to 13% from current levels

Five bank stocks that can rally up to 13% from current levels
Monday, August 9, 2021
Since April 2021 the NIFTY BANK index has faced resistance at higher levels and has been unable to cross 36,000 levels, as per the weekly setup. The recent momentum, however, has propelled Nifty Bank above the said resistance and there are chances that it can see 36,750 levels in the days ahead, as per the daily chart. The overall structure of weekly and daily charts suggests a positive rally that could see Nifty Bank surpass 37,000 levels and gain more ground. The immediate support comes at 35,500 levels. NIFTYBANK Likely target: 36,750 and 37,000 Upside potential: 2% to 2.50% Read more

MARKET UPDATE: Sensex trading at 53,230 levels, up 280 points and Nifty hit fresh record peak of 15,975, up 90 points

MARKET UPDATE: Sensex trading at 53,230 levels, up 280 points and Nifty hit fresh record peak of 15,975, up 90 points
Tuesday, August 3, 2021
Indian equities rallied today(3rd August 2021), bucking weak Asian trend, amid gains in realty, FMCG, pharma, and IT stocks. The frontline S&P BSE Sensex was trading at 53,230 levels, up 280 points while the Nifty50 index hit a fresh record peak of 15,975, up 90 points. The index is only 25 points shy of the 16,000-mark. In the broader markets, too, the BSE Mid- and SmallCap indices hit new peaks, advancing up to 0.5 percent, in intra-day trade. about seventy companies are looking to release their quarterly earnings, including Adani Ports, Adani Enterprises, Bharti Airtel, Barbeque Nation, Dabur, Inox Leisure, and Tata Consumer Products. In regards to Airtel, analysts believe the company may report stable ARPU sequentially and nearly flat revenue growth. Further global cues will continue to sway market sentiments.

Relentless rally to continue for small- and mid-cap stocks

Relentless rally to continue for small- and mid-cap stocks
Monday, August 2, 2021
Presently the relentless rally in small- and mid-cap stocks continues as large-caps show signs of fatigue. In July, the Nifty Smallcap 100 rose 8.1 percent, extending its year-to-date (YTD) gains to 48.5 percent, while the Nifty Midcap 100 added 3.1 percent, taking its YTD rise to 33.5 percent. On the other hand, the Nifty50 remained unchanged for the month, with YTD gains of 12.7 percent. Not only are the small- and mid-cap indices off to their best start to a calendar year since 2014 but their outperformance over large-caps is at record levels. The Nifty Midcap 100 index has gained for 14 straight months, while the Smallcap 100 index has given positive returns for 13 of the past 14 months. Read more

Tata Steel rides metal rally

Tata Steel rides metal rally
Friday, July 30, 2021
The metal index has risen 10 percent in the last five trading sessions, compared with a 0.3 percent decline in the Sensex. The performance of metal stocks has been impressive since the outbreak of Covid-19. Tata Steel has been a prime beneficiary of investors’ renewed interest in metal stocks. The steel major’s share price has risen 18 percent over the past week and it has added nearly Rs 27,000 crore to its market capitalisation. The company was among the top-performing large-cap stocks on Thursday and closed with gains of 6.9 percent. Hindalco was, however, the top index gainer on Thursday and was up 10.2 percent. Read more

Sell-off in pharma stocks: Sensex drops 274 points

Sell-off in pharma stocks: Sensex drops 274 points
Tuesday, July 27, 2021
Weak global cues and some disappointing shows by India Inc. in the June quarter pushed benchmark indices lower today(27th July 2021), wiping off early gains. Pharma stocks were among the biggest drags. Investors grew nervous on the back of selling across Chinese markets by global funds. On the other hand, certain pockets across the broader market like textile exporters and coffee stocks posted smart gains on the back of rising coffee futures, according to an analyst. The 30-share pack Sensex declined 273.51 points or 0.52 percent to close at 52,578.76. The index fell nearly 450 points from its highs. Its broader peer NSE Nifty fell 78 points or 0.49 percent to 15,746.45. Barring Nifty Metal and Nifty PSU Bank that rose 1.46 percent and 0.38 percent, respectively, all other sectoral indices on NSE ended in the red. Nifty Pharma tanked the most at 4.33 percent. Nifty Private Bank and Nifty Realty fell about a percent each. Read more

Drop in crude prices has a positive impact on paint stocks

Drop in crude prices has a positive impact on paint stocks
Thursday, July 22, 2021
Brent Crude prices have crashed 15 percent from the peak of $77.80 a barrel level and are currently trading around $72 a barrel after recovering from the low of $67.42 hit earlier in the week. This drop in crude price has a positive impact on paint stocks. Hence, the stocks of Asian Paints, Berger Paints, and Pidilite Industries have scaled news highs in trade today(22nd July 2021). Even on a year-to-date (YTD) basis, their performance has been noteworthy with Pidilite Industries rallying 32 percent and Asian and Berger Paints up 15 percent each, data available with ACE Equity shows. The tech charts signals for some of these shares are: ASIAN PAINTS LTD Likely target: Rs 3,500 Upside potential: 11 As long as the support of the 50-days moving average (DMA) is held firmly, placed at Rs 2,958-mark, the upside sentiment is expected to surge. Read more

Adani shares fall up to 5% as it faces Sebi, DRI probe over compliance

Adani shares fall up to 5% as it faces Sebi, DRI probe over compliance
Monday, July 19, 2021
Shares of Adani Group stocks fell up to 5 percent in intraday trade on July 19 after Minister of State for Finance Pankaj Chaudhary said in Parliament today that the directorate of revenue intelligence and SEBI (Securities and Exchange Board of India) are probing some entities of the Adani group about compliance with the SEBI regulations. It was not immediately clear when the investigation was launched. The minister did not name which companies were involved. He also alleged that the Enforcement Directorate is not probing companies holding FPIs based on day-to-day trading of shares. A month ago, Adani Group had quashed reports about the National Securities Depository Ltd (NSDL) freezing three foreign portfolio investors (FPIs) related to the group. Adani Group CFO Jugeshinder Singh told CNBC-TV18 that it was "a malicious attempt to push a patently false story". Read more

Investors need to be careful reg.current excitement in small-caps

Investors need to be careful reg.current excitement in small-caps
Tuesday, July 13, 2021
The global stock market rally continues unabated with the Dow, Nasdaq, S&P 500, and the pan European Stoxx 600 again setting new record highs. It looks like markets are currently ignoring valuation concerns. The fact that 583 stocks, mostly mid and small-caps were locked in the upper circuit yesterday is an indication of the frenzied retail activity in markets. These are warning signals to investors. However, the news from the inflation front is positive with June CPI coming at 6.26% against an expectation of 6.5%. This gives room for the RBI to continue on the accommodative mode further strengthening the bulls. While remaining invested in high-quality stocks investors should be careful regarding investments in small-caps, according to market analysts.

Revival uncertain, Which stock to bet on -IT, pharma or consumer stocks?

Revival uncertain, Which stock to bet on -IT, pharma or consumer stocks?
Monday, July 12, 2021
Clearly, the market has been able to take the Second Covid Wave in stride, and very strong liquidity continues to flow into the markets. In addition to that, some of the very short-term high-frequency indicators have been pretty much positive and have been in strong momentum. On the whole, the market has essentially been able to take any kind of softness in the June quarter numbers and is willing to look at the second half of this financial year and beyond. The markets probably are more in a medium-term mindset, the experts feel. Read more

Many Sugar stocks hit upper circuit limits

Many Sugar stocks hit upper circuit limits
Friday, July 9, 2021
Sugar stocks created some flutter in today's(9th July 2021) session, with many stocks hitting upper circuit limits. Industry watchers said they anticipate a spike in sugar prices to Rs 36-37 per kg in the coming months. The sugar stocks have run up 2-4 times in four months, it is reported. "The sector has seen a turnaround from being cyclical to a structural growth story backed by the government's aggressive ethanol blending programme," it said. "With aggressive distillery capacity addition in India, sugar companies under our coverage should see strong earnings growth over the next three years." Dwarikesh Sugar Industries and Dalmia Bharat Sugar Industries surged 5 percent each to Rs 78.40 and Rs 475, respectively yesterday. Magadh Sugar and Energy jumped 4 percent to Rs 340, whereas EID Parry India gained 2 percent to Rs 417.70. Read more

Some hot stocks to keep your portfolio cool this summer

Some hot stocks to keep your portfolio cool this summer
Tuesday, July 6, 2021
So far shares of household appliances companies have seen a mixed trend during the current year. Among individual stocks, shares of Bajaj Electricals and Orient Electric have beaten the overall segment with a surge of 100 percent 50 percent, respectively. On the other hand, Blue Star surged over 20 percent before retracing, while stocks like Symphony Limited and Whirlpool have not delivered any significant return, so far. Although the overall trend in the segment seems sideways, the ongoing consolidation in some stocks may lead to a breakout, according to technical charts' observations. Read more

FDI in India is to pick up going ahead on the back of a strong rebound in growth

FDI in India is to pick up going ahead on the back of a strong rebound in growth
Tuesday, June 29, 2021
After a March 2020 low, the valuation of Indian stock market has become a concern now, HSBC said in their Asian outlook conference for the second half of 2021. It expects foreign direct investment (FDI) to pick up pace going ahead as the economic recovery gathers steam. “FDI in India is likely to pick up going ahead on the back of a strong rebound in growth. Any pullback in FDI, I think, will only be temporary. The government’s latest stimulus measures announced Monday are marginally positive. However, relative to the economic dislocation seen in India, the package is not very large. Most emerging markets (EMs) witnessed healthy flows for the most part of FY21 as global central banks, especially the US Federal Reserve (US Fed), remained ‘accommodative’ and pushed liquidity to help revive economic growth. Read more

Can PSU banks offer good returns even after a stellar rally?

Can PSU banks offer good returns even after a stellar rally?
Saturday, June 26, 2021
Stocks of the public banks have been on a gradual upward trend during the month of June. Privatisation buzz, strong earnings, and fund-raising plans have lent confidence to investors which resulted in buying in these names. The stocks did see some weakness recently but the positive sentiment remains intact. Union Bank shares have gained over 12 percent so far in June while UCO Bank has surged 5 percent. Notably, Union Bank said on Thursday (24th June 2021), it has raised Rs 850 crore while UCO Bank has received Board's nod to raise up to Rs 500 crore. Meanwhile, other stocks in the PSU bank basket-like Central Bank of India and Indian Overseas Bank have seen a sharp rise on the news of divestment plans. Read more

Bull run will last for very long time:Rakesh Jhunjhunwala

Bull run will last for very long time:Rakesh Jhunjhunwala
Thursday, June 24, 2021
According to billionaire investor Rakesh Jhunjhunwala, annual equity returns from Indian stocks will be about five percentage points on top of the economic growth of 7%-10% in the coming years. Jhunjhunwala is counting on the nation’s potential for long-term growth and political stability to fuel further gains in the $3 trillion stock market that’s already been hitting record after record this year. His bets range from banks and health insurance -which he says will be boosted by the pandemic - to a broad consumer rally on the back of Prime Minister Narendra Modi’s policies to give every Indian home and access to clean water. “We are in the middle of a bull phase which will last for a very, very long time,” Jhunjhunwala said in an interview earlier this month. “India will also look lucrative when the U.S. Federal Reserve begins to withdraw stimulus, but there will be short-term disruptions.”

These stocks show positive momentum

These stocks show positive momentum
Monday, June 21, 2021
Taking cues from global markets, the Indian benchmark indices have declined over 2 percent from recent peaks while the Nifty Bank index has tumbled over 5.50 percent from its peak. Today(21st June 2021), the Indian benchmark indices clawed their way out of the early lows but were still trading half a percent down. The weakness, however, can be seen as an opportunity by investors as major medium-term supports are not broken, technical charts suggest. Here are some stocks showing positive momentum. Read more

India’s best-performing stock funds have bet on companies that produces chemical substances

India’s best-performing stock funds have bet on companies that produces chemical substances
Wednesday, June 16, 2021
For three funds that have delivered the biggest returns, this year Chemicals producers make up at least 14% of the portfolio according to the data available. Those bets have paid off thanks to the rising global appetite for specialty chemicals in industries such as automobiles and cosmetics amid a recovery from the pandemic. India is emerging as a hub for specialty chemicals, helped by favorable policy measures that include decisions such as imposing anti-dumping duty on some imports and a proposal for production-linked incentives. Producers have also benefited from a ‘China-plus-one’ strategy that has made companies around the world diversify their supply chains from the Asian superpower amid geopolitical concerns. Read more

Nifty IT index could double in one year; Stay put

Nifty IT index could double in one year; Stay put
Wednesday, June 9, 2021
In spite of over 170 percent rally since April last year, the gains in Information Technology (IT) stocks are showing no signs of abating. The Nifty IT index was ruling 0.5 percent higher on the National Stock Exchange (NSE) in today's(9th June 2021) intra-day trade, has soared 14 percent so far in the calendar year 2021. According to analysts, the technology upcycle has just begun and sector players are set to reap benefits of the digital boom and cloud adoption. "A distinct trait of this upcycle would be its margin-accretive nature. The biggest differentiator for this cycle is the acceleration it has triggered towards technology spends and quicker decision-making than any other upcycle in the past. All in all, we remain confident that like in past three IT upcycles, multiple re-ratings will be sharp in the early phase of this cycle as well, followed by earnings upgrades as the Street plays catch up," it said in a recent sector-specific report. Read more

20 stocks could get upgrades with seven of them moving from midcap space to largecap, and 13 from smallcap space to midcap

20 stocks could get upgrades with seven of them moving from midcap space to largecap, and 13 from smallcap space to midcap
Thursday, June 3, 2021
Due to strong interest in cyclical and digital stocks in the last one year, names from these segments will dominate the upgrades when the Association of Mutual Fund in India (Amfi) updates its biennial size reclassification list in early July. Assuming that prices will not deviate a lot from current levels during June, overall 20 stocks could potentially get upgrades with seven of them moving from midcap space to largecap, and 13 from smallcap space to midcap, said ICICI Securities NSE 5.47 %. Of the above 20 stocks, 14 belong to cyclical (industrials and lenders), while five belong to the digit domain (platform, e-commerce or niche digital technology), and one to defensive (healthcare). Read more

Titan jumps 7 percent and hits record high

Titan jumps 7 percent and hits record high
Thursday, June 3, 2021
Shares of Titan Company gained 7 percent after hitting a record high of Rs 1702 on the BSE in intra-day trade on Thursday amid the expectation of a strong recovery, due to pent-up demand and market share gains. Rakesh Jhunjhunwala’s favorite stock surpassed its previous high of Rs 1,620.95, touched on January 6 this year, and was the top Sensex gainer on Thursday. Titan Company’s market capitalization now stands close to Rs 1.5 lakh crore. Analysts believe that this stock may rally 7 percent more from current levels to Rs 1,800 in the next few days. Rising gold prices are also seen as a positive factor for Titan shares as consumers buy jewelry in anticipation that gold prices may continue to rise in the days to come. On April 29, Titan reported robust sales growth of 61 percent year-on-year (YoY) in the January-March quarter (Q4FY21) but the operating performance was below Street estimates on lower Ebitda margins due to a steep fall in gross margin.

Rally in domestic stocks despite contraction in FY21 GDP poses the risk of a bubble:RBI

Rally in domestic stocks despite contraction in FY21 GDP poses the risk of a bubble:RBI
Thursday, May 27, 2021
The rally in domestic stocks despite an estimated 8 percent contraction in FY21 GDP poses the risk of a bubble, according to a RBI study. RBI in a study “Is the Bubble in Stock Markets Rational?”, said the widening gap between stretched asset prices relative to prospects for recovery in real economic activity has emerged as a global policy concern while suggesting the need to consider a calibrated unwinding of stimulus once the pandemic waves are flattened and the real economy is firmly on a recovery path. The BSE Sensex hit a record high of 52,154 on February 15, which represented a 100.70 percent surge over March 23, 2020 levels. The index is hovering at 51,000-odd levels in Thursday's trade. “This order of asset price inflation in the context of the estimated 8 percent contraction in GDP in 2020-21 poses the risk of a bubble," it said. Read more

Indian stock market’s passive reaction to new Covid-19 situation is not a mystery

Indian stock market’s passive reaction to new Covid-19 situation is not a mystery
Wednesday, May 12, 2021
The stock market’s passive reaction to the harrowing reality on the ground caused by a destructive wave of Covid-19 is a mystery for many. Last year in the US people was dismayed by the stocks rally amid the US Fed’s unprecedented intervention, even as the healthcare infrastructure collapsed in the city after city. This year in India in a similar way the participants and non-participants are equally baffled by the resilience shown by the market even in the face of rising infections, deaths, and localized lockdowns. It goes back to the old adage in the investing world: investors hate uncertainty; they hate fogginess when they look into the future, even though their track record in predicting it accurately is about as good as a flipped coin. Read more

Increased volumes-based buying in brokerage firms

Increased volumes-based buying in brokerage firms
Wednesday, May 12, 2021
The stockbroking and asset management industry has been one of the most rewarded industries amid the Covid-19 pandemic. In FY21, the industry revenues are pegged to have grown between 65-70 percent over FY20. The strong growth was underpinned by robust addition in new customers, according to rating agency Crisil. At the bourses, stocks of various brokerage houses and AMCs have zoomed nearly 300 percent since March 2020. The shares of Geojit Financial Services, for instance, jumped 290 percent between March 24, 2020, and May 11, 2021, while those of 5Paisa Capital, Emkay Global Financial Services, and Aditya Birla Money zoomed up to 263 percent. In comparison, the Nifty50 index is up 90 percent during the period while the broader Nifty500 index has advanced 99 percent, ACE Equity data show. Read more

Why isn’t India’s stock market falling more?

Why isn’t India’s stock market falling more?
Thursday, May 6, 2021
What are the reasons for India’s stock market not falling much in spite of the most pervasive second wave of Covid-19 pandemic considering the risky asset class in a country struggling with its most horrific calamity. New daily Covid-19 infections have remained above 300,000 for two weeks now, the worst caseload the world has seen. The death rate is 3,700-plus. Fear of the virus is pervasive. Even the rich and the powerful are finding it hard to arrange a hospital bed or track down an oxygen cylinder. But in all this, the benchmark Nifty 50 Index is down ever so slightly, clocking a less than 5% decline since mid-February. At 32 times earnings, almost double the valuations in China, the Indian market is super-expensive. The logic for those prices runs like this: Unlike last year, there’s no national lockdown. And there may not be one if the peak of the surge is just a week or two away, as some epidemiological models indicate. Read more

Stocks that have doubled your money so far in 2021

Stocks that have doubled your money so far in 2021
Tuesday, May 4, 2021
Equity markets have so far had a turbulent year with indices oscillating between gains and losses. On a year-to-date basis, the benchmark S&P BSE Sensex has advanced merely 2 percent while the Nifty50 index has added 4.6 percent. Buying in the broader markets has been relatively better with the S&P BSE500 index climbing around 8 percent during the period. Individually though, certain stocks have outperformed the indices by a huge margin on the back of positive news flow. Adani Total Gas, for instance, has soared 207 percent YTD. It recently became the fourth Adani Group company to enter the elite club of Rs 1 trillion market capitalisation after posting a stellar December quarter (Q3FY21) earnings show. During the said period, it saw the highest-ever financial performance with robust physical infrastructure growth despite the ongoing Covid-19 pandemic. That apart, stocks of Hindustan Copper, HEG, and Adani Enterprises have zoomed between 142 percent and 153 percent. Read more

Accumulate stocks of PSUs that are likely to be disinvested say analysts

Accumulate stocks of PSUs that are likely to be disinvested say analysts
Tuesday, May 4, 2021
Analysts suggest investors accumulate stocks of PSUs, especially the ones that are likely to be disinvested, at the current levels from a medium-to-long-term perspective. “There are a lot of PSU stocks that have not participated in the market rally. The fall from their peak levels is a good opportunity to buy from a medium-to-long-term horizon. I am confident that the government will be able to achieve the fiscal 2021-22 (FY22) divestment target. Due to the ongoing second wave of Covid, it may dole out some relief measures, which will cost money. To fund such initiatives, it will have to go aggressive on divestment once the market conditions improve,” say experts. Read more

India's midcap rally amid Covid may be poised for a break

India's midcap rally amid Covid may be poised for a break
Thursday, April 22, 2021
The outperformance of India’s midcap stocks over the larger stocks since the coronavirus pandemic engulfed global markets may take a breather. Some Fund managers are currently avoiding midcaps based on global economic cues and valuations. They said there is more safety in buying large stocks now that India has become the epicenter of virus resurgence in Asia, while inflation is set to rise in the U.S. and China as the world’s two biggest economies are rebounding. The S&P BSE Midcap Index has outperformed the benchmark S&P BSE Sensex Index in all but five months since the end of 2019, according to data compiled by Bloomberg. The smaller stock measure has gained nearly 33% in that span, more than double the rise in the broader benchmark, with the outperformance becoming particularly pronounced amid the recent market chill. Read more

Manic Monday! Major factors for the stock market crash today

Manic Monday! Major factors for the stock market crash today
Monday, April 19, 2021
The Indian benchmark indices nosedived in today's(19th April 2021) session mainly due to a strong second wave of Covid-19 in the country, leaving the market bulls battered. An across-the-board selling resulted in a 1,469-point crash on the BSE barometer Sensex in intra-day trade. The index, however, recouped some losses and ended 883 points lower at 47,949 with HDFC twins, Reliance Industries, and select banking counters among the worst drags. Barring shares of Dr. Reddy's Labs and Infosys, all constituents of the 30-pack index traded in the red. Meanwhile, its NSE counterpart Nifty after shedding as much as 425 points ended with a 258-point cut at 14,359. High volatility marked today's session with India VIX settling 10.20 percent higher at 22.48. The sell-off was equally bad in the broader markets as mid-cap and small-cap indices lost 2.1 - 2.4 percent lower. Except for Nifty pharma, all indices on NSE traded in the red. Read more

Foreign brokerages modify return expectation from Indian equities

Foreign brokerages modify return expectation from Indian equities
Thursday, April 15, 2021
Foreign brokerages trim their return expectation from Indian equities over the next 12 months due to the sudden rise in Covid cases and the micro-lockdowns imposed across key economic hubs in India. After Nomura that recently cut its March 2022 Nifty50 target to 15,340 (earlier target: 14,680 by December 2021), analysts at Goldman Sachs, too, have tempered their expectations, albeit modestly. They now see the Nifty at 16,300 levels in 12 months (16,500 earlier). However, they have retained their ‘overweight’ stance on India for now. With the new Covid-19 cases in India surging to a record high and a host of states announcing stricter lockdown restrictions, investors, Goldman Sachs said, are concerned about the risks to macro and earnings recovery. Despite the near-term headwinds, they expect the recovery to resume from Q3 onwards as restrictions normalise, vaccination pace accelerates and the global growth backdrop remains supportive.

Nazara Technologies lists at 81% premium; Investors can book profit

Nazara Technologies lists at 81% premium; Investors can book profit
Tuesday, March 30, 2021
Nazara Technologies made a stellar debut on the bourses today(30th March 2021) as the shares of the firms listed at Rs 1,990, an 81 percent over its issue price of Rs 1,101 on the National Stock Exchange (NSE). Meanwhile, on the BSE, the stock debuted at Rs 1,979, 79 percent above its issue price. Post-listing, it moved higher to 2,026.90, up 84 percent. At 10:02 am, Nazara Technologies was trading 74 percent higher against its issue price at Rs 1,917.75, after hitting a low of Rs 1,869.05 on the BSE. A combined around 1.4 million equity shares changed hands on the counter on the NSE and BSE so far. Nazara Technologies is an Indian gaming and sports media platform with a presence in India, North America, Africa, and the Middle East. The company derives revenues mainly from subscription fees paid by users for accessing gamified early learning content, as well as, from the eSports business. Read more

Investments amid Covid-19 second wave in India

Investments amid Covid-19 second wave in India
Friday, March 19, 2021
India is going to complete one year of Covid-19 lockdown on March 24, 2020. But, even before that India is seeing Covid-19 related restrictions including night curfews across various states, and mandatory institutional quarantine after inter-state travels back in place. In a recent turn of events, the Bombay Municipal Corporation (BMC) on Friday ordered mandatory negative (COVID) test reports for mall visitors in Mumbai. Amid this, sustainable recovery in stocks related to malls, multiplexes, quick restaurant services (QSR), and aviation is still some time away, say analysts, who believe that investors will be better off if they avoid these stocks till the Covid-19 situation improves. There are more lucrative options in the markets than these counters, they said. Read more

Key factors behind today's market fall

Key factors behind today's market fall
Monday, March 15, 2021
Today (15th March 2021) the equity benchmark indices were on track for the second day of fall.The fall comes on the back of weak macroeconomic data (dip in IIP, rise in inflation) and resurgence in Covid-19 infections. Besides, elevated crude prices and jump in bond yields also weighed on sentiment. The weak macroeconomic print spooked investors who have been plowing money into the market amid hopes of a strong economic recovery. In a double whammy for the economy, industrial production growth re-entered the negative territory by contracting 1.6 percent in January, while retail inflation soared to a three-month high of 5.03 percent in February on costlier food items. That apart, WPI inflation came in at 4.17 percent in February, up 2.03 percent from January. "Looking ahead, we expect large upticks in the WPI inflation over the next three months, as the wedge between the commodity prices and their year-ago level intensifies. We expect the headline and core WPI inflation to rise Read more

IT stocks may help Nifty50 claim new high

IT stocks may help Nifty50 claim new high
Wednesday, March 10, 2021
Buoyed by an overnight rally in tech stocks in the US, Indian IT stocks caught investor fancy today(10th March 2021). Tech-heavy Nasdaq gained about 4 percent on Wall Street on 9th March with Tesla Inc jumping 20 percent, the most in almost a year, while Amazon.com Inc and Microsoft Corp posted the biggest single-day gains in five weeks. Consequently, the Nifty IT index back home was outperforming the benchmark Nifty50 index. At 11:26 am, the Nifty IT index was ruling 1.4 percent higher at 25,936.5 levels, having touched a high of 25,984 levels in the intra-day deals. Among individual stocks, shares of KPIT Technologies, L&T Technology Services (LTTS), and Mindtree hit their respective record highs on the BSE in intra-day trade. Read more

What's behind Sensex's 1,939-point crash today

What's behind Sensex's 1,939-point crash today
Friday, February 26, 2021
amid a global equity market rout. Benchmark indices tumbled over 4 percent in the intra-day trade with the S&P BSE Sensex sinking over 2,149 points while the Nifty50 tumbled over 629 points. The indices ended near the lowest point of the day, at 49,100 and 14,529 levels, respectively, down 1,939 points and 568 points or 3.8 percent. A rise in commodity prices has fanned inflation risks, pushing bond yields higher. That apart, reports that the United States launched airstrikes in Syria on Thursday, targeting facilities near the Iraqi border further dented global mood. Going forward, analysts expect the markets to consolidate after a sharp run since March in the backdrop of near-term headwinds. US Treasury yields vaulted to their highest in a year on expectations of a strong economic expansion and related inflation. Back home, the 10-year government bond yield jumped to 6.18 percent on Thursday, February 25. Read more

National Stock Exchange halted trading after glitch freezes stock prices

National Stock Exchange halted trading after glitch freezes stock prices
Wednesday, February 24, 2021
The National Stock Exchange (NSE), India’s largest stock exchange, today(24th Feb.2021) abruptly shut its cash and derivatives segment following a glitch that froze stock prices. Trading was halted at 11:40 am. Stock and index prices had stopped updating from 10:08 am, said market participants. "NSE has multiple telecom links with two service providers to ensure redundancy and we have received communication from both the telecom service providers that there are issues with their links due to which there is an impact on NSE system. We are working on restoring the systems as soon as possible. In view of the above all the segments have been closed at 11.40 and will be restored as soon as the issue is resolved,” said a spokesperson of the exchange. Indices turned volatile in the afternoon trade after the National Stock Exchange (NSE) resumed trading after an over three-hour-long halt due to a technical glitch. Markets shall remain open for trade till 5 PM today

Sharper-than-expected economic recovery can fuel further rally in domestic cyclicals, industrials, and financials

Sharper-than-expected economic recovery can fuel further rally in domestic cyclicals, industrials, and financials
Wednesday, February 17, 2021
Investors are now betting big on cyclical recovery after a sharp economic contraction with most of the related stocks doing well at the bourses after playing safe during the initial phase of the pandemic in 2020 and sticking to defensive plays such as pharmaceuticals, fast-moving consumer goods (FMCG) and information technology (IT). Till June-July, defensive sectors like pharma and FMCG were leaders, followed by IT, as investors wanted to play safe given the uncertainty around the pandemic, its impact on the economy, and the fortunes of India Inc, analysts say. From August – September, cyclical like auto and banking & financials picked up the pace. Post budget, infrastructure, industrials, and stocks of public sector undertakings (PSUs) have rallied. Read more

Oil hits 11-month high after fall in U.S. crude stocks

Oil hits 11-month high after fall in U.S. crude stocks
Wednesday, February 3, 2021
Oil hit an 11-month high on Wednesday, boosted by a draw in U.S. crude and gasoline stocks, which fuelled demand recovery hopes as OPEC and has forecast that the market will be in deficit in 2021. Brent crude futures were up 48 cents, or 0.8%, to $57.94 a barrel at 0839 GMT, their highest since late February 2020. The contract’s“backwardation” structure, where oil for nearby delivery is more expensive than further forward, was near a one-year high at more than $2, indicating expectations of tighter supply. U.S. West Texas Intermediate (WTI) crude futures climbed 34 cents, or 0.6%, to $55.10 a barrel. The benchmark hit a one-year high at $55.26 on Tuesday. The market was also bolstered by news that Democrats in the U.S. Congress took the first steps toward advancing President Joe Biden's proposed $1.9 trillion coronavirus aid plan without Republican support.Gasoline stocks fell by 240,000 barrels, defying analysts' expectations for a build of 1.1 million barrels. Distillate inventories

Key factors behind today's market crash

Key factors behind today's market crash
Wednesday, January 27, 2021
Benchmark indices extended their losses to the fourth day today mainly led by losses in index heavyweight Reliance Industries, private lenders, and select IT stocks, Weak global markets, a mixed set of Q3 earnings, and selling by foreign institutional investors (FIIs) dented the domestic market mood in today's session. Meanwhile, investors chose to book profits ahead of the Union Budget on Monday, February 1. The BSE barometer Sensex plunged 938 points to 47,410 while its NSE counterpart Nifty slipped below the 14,000 marks to end at 13,968, down 271 points. Global stocks are mostly treading water near record highs as US corporate earnings roll in. Meanwhile, new coronavirus variants that sparked fresh lockdowns and other restrictions are weighing on the market mood. Read more

IT Shares trading higher, surging up to 6 per cent on the BSE

IT Shares trading higher, surging up to 6 per cent on the BSE
Friday, January 8, 2021
Shares of IT companies were trading higher, surging up to 6 percent on the BSE, ahead of sector giant Tata Consultancy Services' (TCS'), October-December 2020 quarter (Q3FY21) result, scheduled to be announced after market hours today (8th January 2021). Amid the rally, With a market cap of Rs 1.02 trillion at 02:15 pm, Tech Mahindra became the fifth IT company that joined Rs 1-trillion m-cap club. Overall, the company stood at 30th position in them-cap ranking, BSE data shows. Currently, among IT companies, TCS is numero uno with Rs 11.66 trillion market cap, followed by Infosys (Rs 5.53 trillion), HCL Technologies (Rs 2.69 trillion), and Wipro (Rs 2.44 trillion), data shows. Read more

YES Bank, TTML, Suzlon etc.hit upper circuit on BSE

YES Bank, TTML, Suzlon etc.hit upper circuit on BSE
Saturday, October 24, 2020
Among the 282 stocks that hit their respective upper circuit on the BSE on 23rd Oct.2020(Friday) YES Bank, Suzlon Energy, Tata Teleservices (Maharashtra) (TTML), MTNL, Reliance Power, Reliance Infrastructure, Future Consumer, Indiabulls Integrated Services, and Jet Airways (India) were the important ones. Indo Count Industries, Himatsingka Seide, Ramco Systems, and Godawari Power & Ispat were among the notable stocks that had only buyers queuing up. YES, Bank hit the upper circuit of 5 percent at Rs 13.35 on the BSE ahead of the September quarter results on Friday. The board of directors of the bank is scheduled to meet on October 23, 2020, to consider and approve unaudited financial results of the bank for the second quarter ended September 2020 (Q2FY21). The trading volume more-than-doubled with a combined 110 million shares changing hands, and there were pending buy orders for 14 million shares on the NSE and BSE, exchange data show. Read more

Major factors behind today's stock market rally

Major factors behind today's stock market rally
Monday, October 19, 2020
Today( 19th Oct 2020) almost all Sensex stocks opened higher on as investors went all out to buy amid renewed hopes of an early economic stimulus package from the US and a vaccine by year-end. In the last 12 sessions, bluechip indices have closed in the red for just one session, which outlines the one-way rally the the market has seen. HDFC twins were the biggest positive contributors during the first hours of the day. PSU stocks also saw some buying and were among the top gainers. "Nifty has good support at 11,650 and until we do not break that, we are in positive territory. The resistance on the the upside is at 12,050. If we are unable to move past either level convincingly, we would be range-bound and trading in this zone should be avoided. Stocks that look interesting for an up move include Axis Bank, HDFC Bank, and Tata Steel," experts opinied.Some of the key factors for the rally are Read more

Disparity between rallying global stocks and deteriorating data is the most pronounced in India

Disparity between rallying global stocks and deteriorating data is the most pronounced in India
Wednesday, August 5, 2020
The Indian shares have logged one of the best rebounds from the March lows globally while battling some of the world’s worst economic data. The surge has pushed up valuations to a record as investors look past the grim reality and the world’s third-highest tally in coronavirus cases. The disconnect between rallying global stocks and deteriorating data is very much pronounced in India. The situation does not go well for Asia’s third-largest economy that’s set for its first contraction in more than four decades. Further negative surprises from macro data or virus cases can unravel a rally that’s added $605 billion in market value from the depths of the swoon to outstrip the government’s stimulus package. Read more

ICICI Bank is now the second most widely tracked stock in the world

ICICI Bank is now the second most widely tracked stock in the world
Tuesday, July 28, 2020
ICICI Bank has now become the second most widely tracked stock in the world after e-commerce giant Alibaba. As many as 59 analysts covered ICICI Bank, and all of them had ‘buy’ ratings on the lender. On the other hand, 64 experts tracked Alibaba, and 63 had ‘buy’ ratings on the stock, while one had a ‘hold’ call, as per a report. In terms of wealth creation, the stock has outperformed the benchmark equity indices over the past 10 years: ICICI Bank had delivered 8.70 percent annualised return to investors between July 2010 and July 2020, while BSE Bankex has gained 8.50 percent CAGR and Sensex 7.8 percent.

Chemical stocks extend rally

Chemical stocks extend rally
Wednesday, July 8, 2020
Shares of chemicals, commodities, and specialty chemicals space were trading up to 15 percent higher on the BSE today(8th July 2020) amid reports that the government is planning to offer tax incentives to promote 'Make in India' for the chemical sector. As per media reports, the government is expected to offer tax incentives of 100 percent for the first five years while the same will be limited to 75 percent for the next five years and 50 percent for five years thereafter. The government may also infuse capital between 10 percent and 20 percent. Navin Fluorine International (Rs 1,765), Neogen Chemicals (Rs 593), and Ultramarine & Pigments (Rs 249) have hit their respective 52-week highs today.

The aversion to risks is steadily reducing in the stock market

The aversion to risks is steadily reducing in the stock market
Monday, July 6, 2020
The aversion to risks is steadily reducing in the stock market, which had surged to the highest levels in over a decade in March following the COVID-19-related worries. The Volatility Index (VIX) — a measure of options traders’ perception of near-term risks — has fallen to 25.77 on 3rd July, its lowest since March 6, from 86.6 on March 24 as the rebound in the markets aided by softer concerns over the pandemic made investors and traders return to Dalal Street. The index is, however, still above its average range of 13 to 20 — the levels within which it mostly moved in the years earlier. Brokers say the risk appetite is treading its way back as global markets have rallied on liquidity support from central banks, improvement in some economic indicators and strong participation from retail as well as high net-worth investors. Read more

ONGC,Oil India stocks: Investors need to exercise caution

ONGC,Oil India stocks: Investors need to exercise caution
Friday, July 3, 2020
ONGC and Oil India shares gained up to 1.7 percent yesterday (2nd July 2020) as crude oil prices rose on the back of lower US oil inventories. The two stocks have gained 32-34 percent from their March lows, as oil prices rebounded from under-$20 per barrel to over $40 now. Though market sentiment has improved and a recovery in oil prices bodes well for the state-owned oil and gas producers, investors need to be cautious. The March quarter (Q4) performance has been weak, and the June quarter is likely to see the impact of the disruption caused by Covid-19. For FY21, too, analysts don’t expect significant growth in crude output and are factoring in lower oil and gas prices. Hence, they expect a decline in earnings. Read more

Are Midcap & smallcaps readying to rally?

Are Midcap & smallcaps readying to rally?
Thursday, July 2, 2020
Some selected smallcap and midcap stocks such as Balkrishna Industries, Deepak Nitrite, Rallis India, and Bajaj Electricals, etc. may deliver up to 26 percent return to investors during the second half of 2020, according to ICICI Securities. The brokerage says after a lull of more than 24 months, the broader market is on the cusp of the next major bull market. The BSE Midcap and BSE Smallcap indices have corrected 29 percent and 38 percent, respectively, from their respective all-time high scaled in January 2018. Benchmark Sensex is down 16 percent from its lifetime high of 42,273, scaled on January 20 this year. Read more

Terrorists attack Pak Stock Exchange in Karachi

Terrorists attack Pak Stock Exchange in Karachi
Monday, June 29, 2020
A few people are feared killed in an ongoing gunbattle after the Pakistan Stock Exchange in Karachi came under attack from terrorists, Geo News reported. Four militants stormed the exchange and opened indiscriminate fire. One sub-inspector and four security guards were killed in the attack, while three police officials have been injured. The attackers launched the attack, a little before 10 am and were armed with grenades and automatic rifles. They attacked using grenades and then opened fire at the entrance of the Pakistan Stock Exchange. They attempted to enter the compound but were killed by security forces, Dawn reported. Police surgeon Dr Qarar Ahmed Abbasi said that five bodies and seven injured, including policemen, have been brought at the Dr. Ruth Pfau Civil Hospital Karachi. Read more

Financial sector stocks bounced back from day’s low in late noon trade

Financial sector stocks bounced back from day’s low in late noon trade
Friday, June 12, 2020
Financial sector stocks moved higher by up to 6 percent in late noon trade today, bouncing back 13 percent from day’s low, after the Supreme Court gave three days to Finance Ministry, Reserve Bank of India (RBI) to decide on moratorium period interest. According to an IANS report, the top court, during the hearing, indicated that it was not considering a complete waiver of interest, but was only concerned that postponement of interest shouldn't accrue further interest on it. The Supreme Court on Friday asked Solicitor General Tushar Mehta to convene a meeting of the Finance Ministry and RBI officials over the weekend to decide whether interest incurred on EMIs during the moratorium period can be charged by banks. A bench comprising Justices Ashok Bhushan, Sanjay Kishan Kaul, and M.R. Shah queried Mehta as the court was concerned since the Centre has deferred loan for three months, the IANS report said. Read more

Is there a nagging worry behind the stocks rally on Dalal Street ?

Is there a nagging worry behind the stocks rally on Dalal Street ?
Tuesday, June 2, 2020
Behind the stocks rally seen on Dalal Street since late April lurks a nagging worry about growth prospects of the economy, which puts the market at risk of a sudden U-turn. A top Nomura analyst on Tuesday flagged this worry, saying that the equity risk premium remains high, which shows that investors are a worried lot. “India needs a big push from the government to revive the COVID-19-hit economy,” say experts. The government needs to spend on infrastructure in a big way to revive growth as corporates are not investing at this point in time. This came a day after Moody's Investors Service downgraded India’s sovereign credit rating for the first time in more than two decades. The latest official data showed the economy grew at 4.2 percent in FY20, the slowest rate in 11 years. Read more

Stocks of MNCs zoom up to 100% in two months

Stocks of MNCs zoom up to 100% in two months
Monday, June 1, 2020
During the last few months, stocks of multinational companies (MNCs) have outrun the broader markets by gaining up to 100 percent. The Nifty MNC index has gained 29 percent from its March lows, as against 26 percent rise in the Nifty 50 index till Friday. Even on a year-to-date (YTD) basis, the fall in the Nifty MNC index at 9.4 percent is less than the Nifty50 index, which slipped 21.3 percent during this period. Vodafone Idea, Oracle Financial Services, Sterlite Technologies, Britannia Industries, Sterlite Technologies, Nestle India, Honeywell Automation, Maruti Suzuki India, United Spirits and Ambuja Cements from the Nifty MNC index have rallied over 30 percent. GMM Pfaudler, Bayer Crop Sciences, and AstraZeneca Pharma India are some of the non-index MNC stocks that have rallied between 60 percent and 90 percent during this period. Read more

Ten stocks that won Covid-19 war in Q4 itself

Ten stocks that won Covid-19 war in Q4 itself
Thursday, May 28, 2020
March quarter earnings have been marred largely by bottom line shrinkage. But 10 BSE500 companies have stood out by clocking 20-30 percent sales growth and up to four times profit expansion in a challenging quarter. Analysts say most of these firms could fare better than peers post Covid-19 crisis, both in terms of earnings growth and market share gains. Only those firms were considered whose quarterly sales exceeded Rs 500 crore. 1. Retailer Trent surprised Dalal Street by reporting a four-fold jump in March quarter profit at Rs 32.65 crore against Rs 8.13 crore in the same quarter a year ago. The company also showed a 20 percent jump in sales to Rs 842.93 crore from Rs 694.32 crore. Read more

Stocks of about a dozen companies have more than doubled from their coronavirus sell-off lows

Stocks of about a dozen companies have more than doubled from their coronavirus sell-off lows
Monday, April 20, 2020
More than a dozen companies in the Indian equity markets have seen their stock price more than double following an over 20 percent recovery in benchmark indices from their March lows. IndusInd Bank, companies KRBL, Heritage Foods, and Parag Milk Foods and agrochemicals firm Insecticides India are among the 16 stocks that have rallied more than 100 percent from their respective March 2020 lows. The list also includes four pharmaceutical stocks- Morepen Laboratories, Nectar Lifesciences, Marksans Pharma, and Unichem Laboratories. The S&P BSE Sensex and the S&P BSE Allcap index have gained 23 percent and 24 percent, from their respective March 23, 2020, low levels. Besides these stocks, a total of 250 stocks from the Allcap index have rallied between 50 percent and 100 percent from their previous month lows. The index accounts for 95 percent of the total market capitalisation of the BSE-listed companies. Earlier, most of these stocks had declined by as much as half.

Info Edge's prized assets fallen prey to Covid-19 and the lockdown

Info Edge's prized assets fallen prey to Covid-19 and the lockdown
Saturday, April 18, 2020
The Info Edge stocks like recruitment, real estate, education, and food delivery which has always appealed to investors, has also fallen prey to COVID-19 and the resultant lockdown. Firms across sectors have slashed salaries, which spells trouble for the realty sector. Naukri.com (jobs portal) and 99acres (property portal) together account for 58 percent of Info Edge’s valuations. Whether the 25 percent correction in the Info Edge stock — since its 52-week high in February — be construed as a buying opportunity, or whether the 7.6 percent market-beating gains over the past month be interpreted as fundamentals being intact are questions investors are facing and analysts are divided. Read more

Some factors which will contribute to stock market trends on Friday,13th March

Some factors which will contribute to stock market trends on Friday,13th March
Friday, March 13, 2020
After the worst intraday crash in the history of the Indian stock market, several analysts said the bearish trend is likely to continue, while investors looked drained of confidence to nibble even at the blue chips at attractive prices. The 2,919-point, or 8.18 percent, tumble in the Sensex wiped out around Rs 11.30 lakh crore in equity investors' wealth. And after an 868-point drop, Nifty was perilously poised at its key support at 9,500, below which it may plumb a bottom anywhere between 8,600 and 8,100. RBI announces $2 billion money shot: The Reserve Bank of India on Thursday made its first decisive move to counter the coronavirus-triggered market volatility by opening a US dollar–Indian Rupee swap window of $2 billion. Read more

Indian Stock market: 5th March-Nifty to stay volatile; holding 11,000 level key for bulls

Indian Stock market: 5th March-Nifty to stay volatile; holding 11,000 level key for bulls
Wednesday, March 4, 2020
In a highly volatile session on Wednesday,4th March the stock market slipped back into the red.NSE Nifty made a tepid start and traded in a capped range in the morning trade. However, the bears made a comeback, as the headline index slipped below the 11,100 level. After recovering over 160 points from the day’s low in the last hour of the session, the 50-stock pack settled 52.30 points or 0.46 percent at 11,251. On 5th March, the expiry of weekly derivatives will dominate the session. As expected, Nifty is consolidating in volatile moves and is struggling to find a bottom. As of now, the index has stayed above the double bottom pattern support in the 11,050-11,100 zone. Experts expect the market to continue to consolidate with limited upsides. The trading range is also unlikely to let volatility come down significantly. Thursday’s session is likely to see a shaky start with 11,290 and 11,315 levels acting as resistance. The support is expected to come in at 11,190 and 11,100.

Corona virus effect:Stocks Sink as Markets Open in China

Corona virus effect:Stocks Sink as Markets Open in China
Monday, February 3, 2020
Stocks in Shanghai opened 8.7 percent lower in early Monday, while shares in the southern Chinese boomtown of Shenzhen fell 9 percent. The markets had been closed since Jan. 23 for the Lunar New Year holiday, and government officials extended that closure until Monday while the authorities dealt with the outbreak. Read more

Stock Market to remain open tomorrow

Stock Market to remain open tomorrow
Friday, January 31, 2020
Stock Trading on BSE and NSE will be open tomorrow to leverage special trading session on Budget Day. Modi led government has decided to present the budget on February 1 despite it being a Saturday this year. Since the government is expected to make some bold moves and relieve tax on long term capital gains, stock traders will keep a close watch on Budget day. Stock Market will be open for regular trading hours i.e. from 9:15 AM to 3:30 PM. Pre-open trade would be held normal from 9 am to 9.15 AM. There will be no settlement for tomorrow.

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