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Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Indian shares had yet another forgettable week, with benchmarks ending the week more than 5 percent lower, their worst weekly showing since May 2020. The Nifty corrected sharply to end below 15,200 with a weekly loss of over 5 percent. In the last two weeks, the Nifty has corrected from 16,800 to 15,200, on weak global cues. The momentum readings on the lower time frame chart have now reached the extreme oversold zone and such setups have usually resulted in pullback moves in the recent past. On the daily chart, though prices have formed a lower low, the ‘RSI Smoothed’ oscillator has not yet breached the previous swing low. So, any pullback move from here would result in a positive divergence on the relative strength index (RSI) with the index. The market has recently seen a high inverse … [Read more...] about Hot Stocks | Here is why you should bet on Bajaj Finance, Infosys in short term

The Indian equity market ended on a flat note in yet another highly volatile session on June 30. It was also the last of the Future & Options (F&O) contracts for the June series. At close, the Sensex was down 8.03 points or 0.02% at 53,018.94, and the Nifty was down 18.80 points or 0.12% at 15780.30. Amid mixed global cues, the market started on a flat note and witnessed a tight fight between bulls and bears throughout the session, with selling seen in the metal, auto, Information Technology, and PSU Bank stocks. In the June F&O series, the Nifty50 lost 2.4 percent. However, for the month of June 2022, BSE Sensex and Nifty fell 4.5 percent and 4.8 percent, respectively. "Shaking off a weak lead from the global market, domestic indices recouped their losses backed by banking and energy stocks. Asian and European markets struggled to regain footing amid global recession fears, leading to a resurgent US dollar, which benefitted from safe-haven demand," said Vinod … [Read more...] about Taking Stock | Market ends flat on F&O expiry day, loses over 4% in June

Share to Twitter Share to Linkedin TOPLINE The cruise industry has been rocked by the coronavirus shutdowns, but Credit Suisse is making a bold bet that the stocks of two major players will surge over 50% and lead the industry’s eventual recovery. KEY FACTS The firm initiated coverage of the big cruise operators on Thursday, assigning outperform ratings for Royal Caribbean and Norwegian, which have seen their shares fall over 70% so far in 2020. Credit Suisse gives them price targets of $67 per share and $21 per share, respectively, implying upside of over 50% for both stocks based on Friday’s closing prices. While coronavirus will likely have a “lasting impact” on the industry, “the unmatched value proposition” of cruise lines will be a “driving force behind a recovery,” analyst Benjamin Chaiken wrote in a note to clients. Cruises have been suspended and big operators have gone into survival mode , raising liquidity to cover their … [Read more...] about Credit Suisse Thinks These Cruise Stocks Will Jump Over 50%

- A + A CHICAGO/LONDON (June 30): Skeptics have long made a sport of predicting that the decade-long rally in technology stocks was destined to reverse. At the halfway point of 2022, it seems like this is the year when they will be proven right. The Nasdaq 100 Index has tumbled by almost a third this year, including a 0.9% drop on Thursday, erasing some US$5.4 trillion in value in a selloff that has left few stocks unscathed. The benchmark, which gets half its value from tech, is on track for its biggest calendar-year decline ever. And it’s hard to make a convincing case for a market recovery in the second half: Investors are pricing in further interest rate increases from the Federal Reserve as the central bank tries to combat inflation, sparking concern that the global economy will tip into recession. Analysts are beginning to cut earnings estimates for technology companies as a result. “The issue is that we haven’t really seen inflation like this in … [Read more...] about Technology stocks head for historic wipeout as US economy cools

- A + A (June 30): Taiwan’s stock benchmark index slumped on Thursday (June 30), taking its decline from a January high to over 19% and just points away from a so-called bear market. The Taiex gauge closed 2.7% lower in Taipei, the worst performer in Asia. It was dragged by chipmakers after Bank of America took a cautious view on the industry’s growth prospects. Taiwan Semiconductor Manufacturing Co (TSMC), which accounts for more than a quarter of the index’s weighting, dropped 3.1%. Facing headwinds of rate hikes by global central banks, tech-heavy stock markets in Taiwan and South Korea have been the worst performers in Asia this quarter, both down over 15%. Foreign investors have net sold about US$16 billion (about RM70.52 billion) of Taiwan stocks during the three-month period, the most among emerging Asia countries outside China. Taiwan’s deputy finance minister said the National Financial Stabilization Fund will continue to closely monitor the stock market … [Read more...] about Bear market looms for Taiwan stocks after chipmaker-led slump

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × It was yet another weak session for the market on June 14 as traders remained cautious ahead of the outcome of two-day meeting of the US Federal Reserve. The BSE Sensex fell more than 150 points to 52,694, and the Nifty50 declined over 40 points to 15,732, continuing southward journey for the third straight day. Select banking, financial services, auto and FMCG stocks pulled the market down on Tuesday. The broader markets also followed the trend of benchmark indices due to negative breadth. The Nifty Midcap 100 index declined 0.23 percent and Smallcap 100 index slipped six-tenth of a percent. About 1,105 equity shares declined against 803 rising shares on the NSE. India VIX, which measures the expected volatility in the market, fell by 2.13 percent to 21.89 levels, but experts said having … [Read more...] about Trade Spotlight | What should you do with Shilpa Medicare, Adani Enterprises, Mahindra CIE Automotive on Wednesday?

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The market posted nearly 2 percent gain on June 21 as short-covering and long build-up in beaten down stocks and positive global cues lifted sentiment. The BSE Sensex climbed more than 900 points to 52,532 and the Nifty50 jumped nearly 290 points to 15,639 as breadth was strong. The broader markets also joined the bull run as the Nifty Midcap 100 and Smallcap 100 indices rallied around 3.5 percent each. More than five shares advanced for every declining share on the NSE. The volatility also dipped, helping the bulls to get back at Dalal Street. India VIX, which measures the expected volatility in the market, fell by 5.66 percent to 21.14 levels. If it drops below 20 mark then there could be more stability in the market, experts said. Stocks that were in action included Adani Total Gas … [Read more...] about Trade Spotlight | What should you do with MCX India, Adani Total Gas, JSW Energy on Wednesday?

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The market remained volatile and managed to gain strength in the last hour of trade on June 28. The benchmark indices ended largely flat as the Nifty50 rose 18 points to 15,850, and the BSE Sensex climbed 16 points to 53,177, backed by positive global cues. The volatility continued to be on the higher side, may be ahead of monthly expiry on coming Thursday, which experts feel needs to fall and sustain below 20 mark for stability in the market going ahead. India VIX, which measures the expected volatility in the market, rose by 2.1 percent to 21.45 levels. The trend was mixed in broader markets with the Nifty Midcap 100 index rising third of a percent and Smallcap 100 index falling third of a percent. Auto, metal, IT, select FMCG stocks and Reliance Industries helped the market close … [Read more...] about Trade Spotlight | What should you do with Force Motors, MRPL, Supriya Lifescience on Wednesday?

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The market closed its rangebound session on a negative note on June 29 ahead of monthly expiry of June futures and options contracts, dragged by banking and financial services, FMCG, and IT stocks. The BSE Sensex fell 150 points to 53,027, and the Nifty50 declined more than 50 points to 15,799, while the broader space also closed in the red with the Nifty Midcap 100 and Smallcap 100 indices down 0.4 and 0.6 percent respectively. Higher volatility continued to discomfort bulls, which needs to fall below 20 levels for stability in the market. India VIX, which measures expected volatility in the market, rose 2.09 percent to 21.9 levels. Stocks that were in action and outperformed the broader space included Orient Bell which surged 14 percent to Rs 661, almost hitting the highest closing level … [Read more...] about Trade Spotlight | What should you do with Orient Bell, Adani Transmission, Tejas Networks on Thursday?

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The market ended yet another volatile session on a negative note on June 15, dragged by technology, FMCG, power stocks and index heavyweight Reliance Industries. The losses were, however, capped by Bajaj Finance twins, auto, banking & financial services and metal stocks. At close, the Sensex was down 152.18 points, or 0.29 percent, at 52,541.39, and the Nifty was down 39.90 points, or 0.25 percent, at 15,692.20. The broader space outperformed frontliners. The Nifty midcap 100 and smallcap 100 indices gained 0.35 percent and 0.6 percent. India VIX remained above the crucial 20 mark at 22.15, indicating the trend still favours bears. Stocks that were in action included Strides Pharma Science and Indraprastha Gas , which were among top gainers in the futures & options segment, … [Read more...] about Trade Spotlight | What should you do with Affle India, Indraprastha Gas, Strides Pharma Science on Thursday?