Nifty

The Indian equity benchmarks closed higher for the third straight session on January 4, with the Sensex and the Nifty adding a percent each led by gains in power, oil & gas and banking names. After a flat start, the market resumed its upward march and remained in the positive terrain through the session to close near the day's high. The 30-share Sensex jumped 672.71 points, or 1.14 percent, to close at 59,855.93, while the Nifty gained 179.60 points, or 1.02 percent, at 17,805.30. "Tracking strong momentum of global peers, domestic bourses witnessed a smooth sail, steered by index heavyweights and gains in financials & consumer durables,” said Vinod Nair, Head of Research at Geojit Financial Services. Despite a surge Covid cases, investor sentiment remained positive as reports suggested a lower impact of the new variant on the global recovery, he said. Close "However, India’s unemployment rate rose to 7.9 percent in December as compared to 7 percent in … [Read more...] about Taking Stock | Sensex, Nifty up a percent each; oil & gas, power, banks gain

After falling more than 11 percent to a four-month low in December, the stock market seems to have recovered sharply across sectors, helping the benchmark indices and the broader markets rise more than 7 percent. Renewed buying interest by foreign institutional investors since the beginning of the January series after selling more than Rs 1 lakh crore worth of shares in last quarter of 2021, the absence of disruption in economic activity during the ongoing spread of the Omicron variant of the coronavirus, hopes of strong earnings growth in the December quarter, a rise in bank credit, and gains in the global markets are some of key reasons boosting market sentiment. The Nifty 50 rallied to almost 17,900 on January 5 from 16,614 on December 20, while the BSE Sensex reclaimed the 60,000 mark. Both the indices rallied more than 7.5 percent during this period, while the Nifty Midcap 100 index gained more than 7 percent and the Smallcap 100 index jumped over 10 percent. “The Dow … [Read more...] about More than 100 stocks post double-digit gains in current rally, outperform Nifty 50’s 7% surge from recent low

Most of the passively-managed schemes track the Nifty 50 and closely mimic the index’s performance. These funds make allocations to the Nifty 50 stocks, exactly as per their weights in the Nifty. For example, if a stock has delivered significant gains, its weight in Nifty will surge. The index fund or an exchange traded fund tracking the Nifty will also increase its allocation to the stock to reflect the increased weightage. Therefore such schemes have higher exposure to stocks that delivered strong returns in the recent past and lower allocation to shares that lagged behind. Such a strategy is likely to work when markets are polarised (as seen in 2018 and 2019), when a handful of Nifty stocks stand out in the stock markets. Close But, in a broader market rally , when a large set of stocks goes up, is there a better way to profit from stock markets? The DSP Equal Nifty 50 Fund has precisely this mandate. It is a passively-managed fund benchmarked against … [Read more...] about DSP Equal Nifty 50 Fund review: Should you invest?

The market started off the second week of the year on a strong note with the BSE Sensex reclaiming 60,000 mark and the Nifty50 closing above the psychological 18,000-mark, on January 10, despite mixed trend in global markets. The broader market also traded in line with the equity benchmarks as the Nifty Midcap 100 and Smallcap 100 indices jumped 0.8 percent and 1.3 percent, respectively. At close, the Nifty50 rallied 190.60 points or 1.07 percent to 18,003.30, and the BSE Sensex jumped 650.98 points or 1.09 percent to 60,395.63 Here are four factors that pushed the market higher: Earnings Season Close The market seems to be hoping for yet another strong earnings season. The December 2021 quarter earnings season will kick off by the IT majors and HDFC Bank in the current week. Analysts expect double-digit growth in earnings, though it could be driven by few sectors and not broad-based due to expected margin pressure. "Overall the earnings are expected … [Read more...] about Nifty above 18,000, Sensex jumps over 650 pts: 4 factors fuelled the rally

The equity market is on a rise for the fourth straight session today with the Nifty50 index topping the 18,200 points and the BSE-Sensex gaining more than 500 points intraday. The risk appetite on Dalal Street has seen a sharp recovery with the turn of the year with gains being spread out across market segments. The Nifty Midcap 100 and Nifty Smallcap 100 index also rose 0.7 percent each, matching the gains on the Nifty50 index. “The market has sustained well above the 18,000 level. We should be looking forward to 18,400-18,500 as the next target. Since the market has good support at 17,700, any intraday correction should be used to accumulate long positions on the Nifty,” said Manish Hathiramani, technical analyst at Deen Dayal Investments. Let's look at the four major factors that are boosting the confidence of investors on D-Street. Receding Omicron Threat The emergence of the new COVID variant in late November was one of the primary drivers of the correction in the … [Read more...] about Nifty, Sensex rally enters fourth day. What’s driving the bulls on Dalal Street

Sonam Srivastava, founder of Wright Research, says looking at the unadjusted PE (price-to-earnings) ratios fundamentally, the Nifty has come back to 23 after a peak of 30 in October. In an extreme worst-case scenario, the Nifty will find support at 20 PE, at about 15,000, but this is extremely unlikely, she said in an interview to Moneycontrol . Factors that could play spoilsport for earnings growth are a potential third Covid-19 wave, rising oil prices, a sustained rise in inflation, higher domestic interest rates, and accelerated tapering by the US Federal Reserve, said Srivastava, a quantitative investment management and trading professional. Edited excerpts: Q: Is the momentum in the markets strong now after the recent correction? Can the Nifty 50 cross 18,000 in the coming week? Fundamentally, what is the best support level for the Nifty if a sharp correction begins again? The Indian market, overvalued a month and a half ago, saw FIIs leaving in bulk volumes in … [Read more...] about In worst-case scenario, Nifty to find support around 15,000-mark, but that’s extremely unlikely: Sonam Srivastava of Wright Research

Market continued the winning momentum in the fifth straight session on January 13 but ended with marginal gains in a volatile day due to mixed microeconomic data and earning from top 3 IT companies. Market started on flat note amid mixed global cues and gyrated between gains and losses throughout the session with buying saw in the metal, pharma, and power names. At close, the Sensex was up 85.26 points or 0.14% at 61,235.30, and the Nifty was up 45.50 points or 0.25% at 18,257.80. "Markets consolidated in a narrow range and settled marginally higher, taking a breather after the recent surge. Initially, the upbeat start of the IT majors triggered a firm opening, however, profit taking in the banking space trimmed the gains in no time," said Ajit Mishra, VP - Research, Religare Broking. "The benchmark continued to trade lacklustre thereafter however movement in the metal and pharma space kept the traders’ busy." "Consequently, the Nifty index ended at 18,257 levels; up by … [Read more...] about Taking Stock | Sensex, Nifty end marginally higher in choppy trade; metals outperform

Shares of Reliance Industries Ltd., India’s largest company by market capitalisation, underperformed the benchmark S&P BSE Sensex and the Nifty 50 in 2021 for the first time in seven years. Reliance shares gained 19.3 percent in 2021, while the Nifty climbed 22 percent and the Sensex advanced 24.1 percent. The stock had declined 5.2 percent in November and 2 percent in December. The fall in the share price came after Reliance Jio Infocomm, the telecom unit, saw a reduction in subscribers and a delay in the launch of JioPhone, a low-cost smartphone. Analysts said the launch of JioPhone Next is unlikely to increase subscribers. “The new smartphone JioPhone Next plans are less aggressive than we expected,” Morgan Stanley said in a note to investors. “While the subscriber market share increase could be more measured, considering the handset price point, subscriber churns could be lower as well.” The re-evaluation of a proposed investment in Reliance’s oil-to-chemicals … [Read more...] about RIL shares trail Sensex, Nifty for first time in seven years

Navi Mutual Fund has launched a New Fund Offer (NFO) for the Navi Nifty Next 50 Index Fund on January 1, 2022. This open-ended equity index fund seeks to replicate the Nifty Next 50 Index. The fund has the lowest expense ratio in this category, at just 0.12% p.a., for direct plans, according to ICRA as on September 30, 2021. The NFO will close on January 15, 2022. Investing in the market leaders of tomorrow Launched in December 1996, the Nifty Next 50 index represents the largest 50 companies by market capitalisation, after the Nifty 50 companies. The Navi Nifty Next 50 Index Fund, therefore, provides a cost-effective way of investing in the blue-chip companies of tomorrow. This is evidenced by the fact that 51 out of the 75 stocks included in the Nifty 50 index in the last 19 years were from the Nifty Next 50 index. Out of these 51 companies, 27 companies are still part of the Nifty 50 index as of December 30, 2021, as per nitfyindices.com. It would also be worthwhile to … [Read more...] about Navi Nifty Next 50 Index Fund NFO: A Cost-Effective Option to Invest in Tomorrow’s Market Leaders

Shubham Agarwal The Nifty showed another strong upside rally last week. After regaining the 17,000 levels, it continued the uptrend and touched a high of 17,448 and close around 17,420. The Nifty futures during the week ranged from 17,448 to 16,842., ending the week with around 2.5 percent gain. PVTB sector contributed the most to this rally and the Nifty witnessed Short Covering on the OI (open interest) front. The Bank Nifty, on the other hand, also gained momentum and finally sustained above 35,550. It traded in the broader range of 35,750-34,264. Overall, the Bank Nifty ended the week with a gain of more than 3.30 percent with a rise of approximately 800+ points. It also witnessed short covering OI front during the week. Close Further diving into the Nifty upcoming Weekly expiry PE writers showing aggressions by building more position compared to CE writers. The Nifty immediate resistance stands at the 17,500 levels where nearly 26 lakh shares has been … [Read more...] about Deploy modified call butterfly strategy for Nifty, suggests Shubham Agarwal