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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.

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.

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

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.

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

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.

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

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

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

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

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

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

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

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

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

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

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

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.

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

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

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

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