Nifty

Indian equity market looked past the higher consumer price inflation data for August and surged for the fourth straight session with analysts expecting the rally to continue driven by foreign investors. The strength in the market has also been aided by strong cues from the US market overnight, which surged ahead of the crucial CPI inflation data due later today. At the open, the BSE Sensex hit a high of 60,551 points, while the Nifty 50 touched the 18,000 mark for the first time since April. The rupee strengthened 0.54 percent to hit a six week high of 79.12 a dollar, while the  10-year bond yields dropped 4 basis points to hit a near five-month low of 7.087 percent on Tuesday. Even though many economists flagged that the persistently high retail inflation means more rate hike by the Reserve Bank of India, analysts expect the Indian market’s outperformance to continue given the brisk pace of FII investment, coupled with strong macros, compared with other markets. Finance … [Read more...] about Investors shrug off inflation worries, drive Nifty to scale 18,000 level

The Nifty50 extended losses for the second consecutive session on September 15, dragged by technology, pharma, select banking & financial services and FMCG stocks. The index witnessed a formation of the bearish candle on the daily charts and closed below the psychological 18,000-mark on the weekly expiry day. The index has made an attempt for the third straight session to surpass 18,100 but failed. Hence, 18,000-18,100 is expected to be a crucial area to watch going ahead and if the index decisively surpasses the same then a march towards record high levels is highly likely, with crucial supports at 17,700 & 17,500 levels, experts said. The broader markets fared much better than the 50-share benchmark index as the Nifty Midcap 100 gained 0.4 percent and Smallcap 100 index ended flat. The breadth was slightly tilted towards losers as about 1,122 shares declined against 855 advancing shares on the NSE. The Nifty50 started off the day higher at 18,046 and climbed up to … [Read more...] about Technical View | Nifty forms bearish candle, fresh round of selling likely if index breaks 17,800

The Nifty extended gains for the second consecutive session on September 20, tracking positive Asian counterparts and closed 1.1 percent, or 194 points, higher at 17,816. The rally was across sectors, with the Nifty Pharma emerging as the biggest gainer rising 3 percent followed by auto, banking & financial services and metal indices. The index formed a decent bullish candlestick pattern on the daily charts. If it closes decisively above 17,820, the Friday's high, and sustains in following sessions then 18,000-18,100 on the Nifty can't be ruled out in the near term, with crucial support at 17,400-17,500, experts said. "The Nifty had started to gap up and remained range-bound during the day. On the higher end, 17,900 has acted as resistance leading to a close near the day's low," Rupak De, Senior Technical Analyst, LKP Securities, said. Also read: Sensex, Nifty gain over 1% despite volatility and profit booking Close The trend will likely remain … [Read more...] about Technical View | A decisive close above 17,820 can push Nifty above 18,000, say experts

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Banking stocks have been on fire over the past three months, driving the gains of the broader market, and have been second only to fast-moving consumer goods stocks in terms of gains. For perspective, the Nifty Bank has surged by 25 percent while the broader Nifty 50 gained 14 percent in this period. Other sectoral indices have underperformed, with gains not more than 20 percent and some such as information technology showing a drop of 1 percent. Foreign portfolio investors have been loading up on banking and financial shares in August and the trend seems to have continued, so far, this month as well. The banking index that gained 11 percent in August on the back of foreign investors’ buying has further risen by 5 percent so far in September. What’s more, mutual funds too have been … [Read more...] about As Bank Nifty gallops, investors must watch deposit trend

The risk-to-reward trade-off is currently not in favor of further equity investments and we suggest investors wait for better levels to re-enter the markets, Nitin Bhasin , Head of Research, Ambit Capital, said in an exclusive interview with Kshitij Anand of Moneycontrol. Q) What are your views on the market which hit 10,000 peaks and has delivered about 22 percent return so far in the year 2017? How is the second half of the year expected to pan out? Do you think it is time for investors to book some profits and buy again on dips? A) We do believe the Indian markets are currently overvalued especially in light of elusive earnings growth. On the back of stretched valuations and limited investable opportunities, we increased allocation to cash (now at 20% portfolio weight) in our recent G&C portfolio as well. With GST led disruption likely to continue affecting earnings over the next couple of quarters we have no reason to believe that earnings growth will pan out … [Read more...] about [email protected] probably not the right time to enter markets, shift allocation to cash: Ambit Capital

Stock Market News Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Indian equities started the week gone by on a positive note despite SGX Nifty indicating a sluggish start. However, after surpassing the 17650 mark, the index slipped into a consolidation mode and for the remaining part of the session, we witnessed a slender range with undertone being strongly bullish. During the mid-week, markets had slightly turbulent moves, but we managed to weather them successfully. In last couple of sessions, the oversold US market rebounded, which provided a much-needed trigger for Nifty to come out of the recent congestion phase. With some hint of profit booking on Friday, Nifty concluded the week convincingly above 17800 by adding 1.68 percent to the previous weekly close. Domestic market has maintained its sturdy structure over the last … [Read more...] about Nifty may head towards 18200-18350; buy on dips, suggests Sameet Chavan of Angel One

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Indian markets traded lower for the third session in a row on September 16, taking their cue from global equities, on expectations that higher-than-expected August consumer inflation would prompt the US Federal Reserve to respond with a stronger interest rate hike the next time around. Both the BSE Sensex and the National Stock Exchange’s Nifty have dropped over 2.3% in the last three trading sessions. "Equity markets are likely to extend losses in early trade Friday, mirroring the weakness in global indices as investors are gearing up for a stronger interest rate hike by the US Fed following the recently announced higher-than-expected inflation numbers,” said Prashanth Tapse, Research Analyst and Senior Vice President (Research), Mehta Equities The street now believes the Fed will … [Read more...] about Sensex, Nifty fall for third straight session: Key factors behind the selloff

The Indian stock market ended the session on September 12 with handsome gains. Sensex ended the day 312.26 points higher or 0.52 percent at 60,105.40. Nifty added 97.50 points or 0.55 percent to close at 17,930.80. Dear Reader, The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. The energy crunch and the steady rise in demand is nudging policymakers and planners to revisit their projections for the Indian power sector. The Central Electricity Authority (CEA) which had suggested no fresh requirement for thermal power plants during 2017-22, is now projecting an additional requirement for coal-based plants in the upcoming five-year periods ending 2026-27 and 2031-32. Note that the estimates are over and above the capacities that are already under construction. “It is seen … [Read more...] about Moneycontrol Pro Panorama | Obits for thermal power prove to be premature

Shares of Relaxo Footwears surged more than 6 percent intraday on September 13, with analysts upebat on the stock as rubber prices come down and expected uptick in sales during the festival season. At 2.37 pm, the stock was trading 6.7 percent higher at 1,076.60 on the NSE, the stock's biggest single-day gain since October 7, 2021. Relaxo is among the largest footwear manufacturer in the country that boasts several popular brands including Relaxo, Sparx, Flite and the Bahamas. While the stock has given negative returns of 18 percent in 2022 so far, long-term investors holding the stock for more than five years have seen the price quadruple from Rs 265 in September 2017. Follow our live blog for more market updates Close Ahead of the festival season, Axis Securities has a “buy call” on the stock with a target price of Rs 1,120. “We believe value players such as Relaxo will see earnings and profitability improvement as rural and small towns recover, … [Read more...] about This footwear stock has raced more than 6% in a day, can the good run continue?

Indian markets opened 0.8 percent higher ahead of key macroeconomic data due later on Monday. Both the Sensex and Nifty rose for the third consecutive session. The recent monthly data on purchase managers’ index (PMI), goods and services tax (GST) and direct tax numbers, and automobile sales were better than expected. This, along with continued buying by foreign investors, has improved sentiments among investors. “The RBI (Reserve Bank of India) is likely to opt for a slower pace of hikes in forthcoming meetings. The country’s retail inflation is likely to moderate after hitting a peak recently. We expect a strong economic rebound, normalised commodity prices, inflation within the targeted range and better visibility in the near term,” said Mitul Shah, head of research at Reliance Securities. Market Live Updates: Sensex up 350 pts; Nifty around 17,950; IT, realty stocks lead rally Factors behind the rise Macroeconomic data: The government will reveal the Index of … [Read more...] about Here is why the markets are popping higher