Trigyn Technologies | CMP: Rs 115.65 | The stock rallied more than 6 percent after its subsidiary Trigyn Technologies, Inc has received an enterprise task order agreement for providing citywide systems integration services, Class I, from the City of New York (City), Department of Information Technology & Telecommunications. The order is for six years. Stock valuations are not cheap anymore, a fact that has pushed many investors to the sidelines and wait for a dip to enter the market. Some believe now is the time to book profits so they can deploy the proceeds when the market corrects. Any potential market correction hereon will probably be because of the hawkish tone of the US Federal Reserve on interest rates to control inflation and stagflation worries in the world’s biggest economy. At such a point in time, smallcap and midcap indices have outperformed the benchmark Nifty50 of the National Stock Exchange and the BSE Sensex. Let us dive deeper into the reasons why … [Read more...] about MC Explains | Why midcaps, smallcaps are burning brighter than Nifty50
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
Nifty50 rejig will see weights of Bharti Airtel and HDFC Life going up. (Photo by Anna Nekrashevich/Pexels) Adani Enterprises could see the maximum inflow and Shree Cement the maximum outflow after the Nifty indices rejig takes effect on Friday, according to Edelweiss Alternative and Quantitative Research. The former is being included in the Nifty50 index and the latter is being excluded from the same index after the semi-annual exercise. Actually, two Adani Group stocks will be among the top three to see the maximum inflow after this rejig, said the Edelweiss Alternative and Quantitative Research report. Adani Enterprises, which will be added to the Nifty 50 after an upgrade from the Nifty Next 50, could see an inflow of $189 million. Adani Total Gas , which will be included in the Nifty Next 50, will likely see an inflow of $42 million. PSU stocks BEL , HAL and IRCTC , which are new entrants in the Nifty Next 50 index, could get inflows of $45 million, $29 … [Read more...] about Nifty rejig: $189 million inflow into Adani Ent, $56 million outflow from Shree Cement
The Nifty50 on September 30 gained strength after an initial hour of volatility and as the day progressed, it comfortably extended its northward journey to give a decisive close. The index not only settled above the crucial psychological level of 17,000 but also topped the 200-day moving average (DMA) of 16,982. It gained 1.6 percent and hence snapped a seven-day losing streak. It was a good start to the October series. The market rallied after the Monetary Policy Committee's decision came in on expected lines with the announcement of a 50 bps hike in the repo rate. The 50-share benchmark index witnessed a strong bullish candlestick pattern on the daily charts which engulfed the previous two red candles. There was a Hammer kind of pattern on the weekly charts, the bullish reversal pattern formed at the downtrend, especially after Friday's sharp recovery. The index has fallen for the third consecutive week now, down 1.3 percent. The Hammer is a bullish reversal pattern formed … [Read more...] about Technical View | Nifty forms Hammer pattern on weekly scale, possible trend reversal can take index towards 17,400
The BSE Sensex rallied nearly 1,500 points to 57,570 and the Nifty50 reclaimed the 17,000 mark by gaining 439 points at 17,158 while the broader space underperformed frontliners with the Nifty Midcap 100 and Smallcap 100 indices rising two and half a percent, respectively. Sectors saw a mixed trend with metals (up 7.7 percent), IT (up 3.5 percent), and banking (up 2 percent) & financial services (up 3.4 percent) providing strong support whereas auto and FMCG closed in the red. The market not only recovered initial losses but also added hefty gains to end the week up 2.6 percent on July 29, extending northward journey for the second week. The US Federal Reserve's in-line rate hike of 75 basis points and its hint at slowing the pace of further hikes following declining economic growth lifted sentiment. Reduced intensity of FII (foreign institutional investor) selling, rupee appreciation, and strong quarterly earnings of select companies also supported the rally. The BSE Sensex … [Read more...] about Dalal Street This Week | 10 key factors that will keep traders busy
Markets - Image: Reuters Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Nitin Bhasin, Managing Director and Head of Research at Ambit Capital, prefers Lemon Tree Hotels , Geojit Financial Services , Alkyl Amines Chemicals , GMM Pfaudler and Mold-Tek Packaging from the midcap space. Excerpts from his exclusive interview with Moneycontrol’s Kshitij Anand: Q) There is plenty of action in the state-run banking space and plenty of efforts are being made to ensure that credit demand picks up to support growth. What are your thoughts and any banks which you think are worth looking at either from the public, private or non-banking financial company space? A) Beyond a few large public sector banks (PSBs), most banks are still low on capital and large provisioning is yet to be made. Hence, we recommend investors stay … [Read more...] about Top 5 stocks in the mid & smallcap space could be hidden gems for value investors
Not everyone is comfortable with equity. This wild asset class does deliver inflation-beating returns in the long term, but the volatility it brings on to the table is what makes many avoid it. In an ideal world, this would have been fine. But in the real world, where inflation is a reality, the zero-equity approach of conservative savers doesn’t work. The problem with keeping all your money in debt or fixed-income instruments is that the post-tax returns from them will not beat inflation. So your money will lose value, and your purchasing power, in general, will not grow with time. As a result, you will find it difficult to meet all your long-term goals. Equity, as an asset class, is volatile but it does beat inflation over a long period of time. For short-term goals, equity isn’t required much. And different goals need different asset allocation . Let’s focus on long-term goals, which demand investors to be serious about picking inflation-beating returns. Is nil equity … [Read more...] about Don’t like to take equity risks to save up for your future? There’s a way out
Stock pickers will have fun through the next few months, believes Shrikant Chouhan of Kotak Securities. "Whenever the market is under the influence of news flows from global markets, we see action or momentum shifting to mid-cap and small-cap stocks from large-cap companies," says Chouhan, based on his 24 years of experience in equity and derivatives research. The executive vice-president of Kotak Securities, who also heads the team of fundamental and technical analysis research, told Moneycontrol that they are positive on Reliance Industries where the strategy should be to buy on dips. Excerpts from the interview: What are the charts of Reliance Industries telling you ahead of its Annual General Meeting? Close For several weeks, volatility has been largely controlled. Actually, since May 2022, the stock is trading within a trading range of Rs 2,365 and Rs 2,820. In July, the stock fell to Rs 2,365, however, it rebounded from there, which is an indication … [Read more...] about MC Interview | Shrikant Chouhan of Kotak Securities bullish on RIL, says stock pickers to have fun over next few months
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × After a day of stellar performance, the market succumbed to selling pressure with the benchmark indices falling more than 1 percent due to weak global cues on September 1. Most of the key sectors, including private banks, financial services, FMCG, metal and IT stocks caught in bear trap. The BSE Sensex plunged 770 points to 58,767 and the Nifty50 lost 216 points to 17,543, while the broader markets outperformed benchmark indices as the Nifty Midcap 100 and Smallcap 100 indices gained 0.1 percent each. But the rising volatility made bulls uncomfortable at Dalal Street. India VIX, which measures the expected volatility in the market, rose by 6.27 percent to 19.87 levels. Stocks that bucked the trend included ABB India which gained more than 4 percent to end at record closing high of Rs … [Read more...] about Trade Spotlight | What should you do with ABB India, Gland Pharma, Schneider Electric Infra on Friday?
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The fall in oil prices, FIIs buying, and rally in banking and financial services and IT stocks helped the benchmark indices snap up a five-day consolidation range and close with a 1 percent gain on September 8. The BSE Sensex surged more than 650 points to 59,688, and the Nifty50 rose nearly 175 points to 17,799, while the Nifty Midcap 100 index gained 0.2 percent and the Smallcap 100 index 1 percent. Volatility also cooled down, making the trend favourable for bulls. India VIX, which gauges volatility in the market, fell by 5.48 percent to 18.31. Stocks that were in action included Shree Cements which jumped 5.5 points to 24,458 and formed a bullish candlestick pattern on the daily charts with robust volumes, continuing uptrend for the fourth straight session. The stock has seen a … [Read more...] about Trade Spotlight | What should you do with Shree Cements, Thyrocare Technologies, Schneider Electric Infrastructure on Friday?