Nifty, which had formed a bearish engulfing pattern on the weekly as well as on daily charts, opened Tuesday’s trading session on a strong note with the index scaling above the 21,700 level.Given the circumstances, three stocks have formed a strong setup on the technical charts giving an attractive risk-to-reward ratio. Analyst: Sheersham Gupta, Director … Read more
Equity benchmark indices tumbled on Monday as investors offloaded finance, banking and energy stocks amid escalating tensions in the Middle East and surging crude oil prices overseas and higher US interest rate concerns. Investors stayed on the sidelines and refrained from taking risks amid uncertainty due to the Israel-Hamas conflict, analysts said The NSE Nifty … Read more
Sanjiv Bhasin, Director, IIFL Securities, says “ this is the time to start to get overweight on Reliance, Apollo Hospital and ICICI. Apollo Hospital is seeing peer groups which are getting listed and their market cap move up whereas this stock has done nothing. Bhasin further says Tata Tele would be the first of two … Read more
Sanjiv Bhasin, Director, IIFL Securities, says “in largecaps, this is a brilliant opportunity for Maruti, Lupin, Apollo Hospital and last but not least, Gujarat Gas. The largest city gas distribution and gas prices globally have fallen. Their margins will only rise and volumes will pick up. At Rs 458-460, I think this stock is headed … Read more
The Nifty50 rallied 1.7 per cent in the week gone by to close above 17,800 levels and is just a per cent away from the 18,000 mark which most experts feel is achievable amid strong foreign flows and positive global cues. Foreign institutional investors (FIIs) have poured in nearly Rs 4,000 crore so far in … Read more
The Nifty50 might have risen 10 per cent in the last six months, but half its constituents are still quoting at valuations below long-term averages. They included , , , Dr Reddy’s Labs and , among others. Many of these stocks are a ‘buy’, with analyst price targets, as per Trendlyne, suggesting 10 per cent … Read more
Indian market rose for the second day in a row on Friday pushing the S&P BSE Sensex above 56,000 on positive global cues. The Nifty50 also reclaimed 16,700 levels in the morning trade. Sectors that were in focus include IT, energy, capital goods, and oil & gas stocks while some pressure was seen in power, … Read more
The Indian market bounced back on Thursday after falling for three consecutive days. The S&P BSE Sensex rose more than 500 points while the Nifty50 closed above 16,100 levels. Sectorally, buying was seen in metals, banks, finance, as well as realty stocks while some selling was seen in FMCG counters. Stocks that remained in focus … Read more
India is emerging as the fastest growing digital economies in the world on the digital adoption index. National Digital Health Mission (NDHM) launched in August 2020 will empower Indians by generating a unique health ID linked with Aadhar for every patient, a health facility registry, a digital directory of doctors by the name digi-doctor, electronic … Read more