The Indian market closed higher for the fourth consecutive day in a row on Friday. The S&P BSE Sensex rose more than 800 points while the Nifty50 closed just a shade below 21,900 levels. Sectorally, buying was seen in IT, realty, oil & gas and public sector while selling was seen in healthcare, utilities and … Read more
Firstsource Solutions, part of the services industry, rose more than 15% in a month to hit a fresh 52-week high last week and the chart structure suggests that the momentum is here to stay. Short-term traders can use dips to buy the stock for a target of Rs 175 in the next 3-4 weeks, suggest … Read more
Even as the global market mood remained mixed, Indian equities continued their northward journey with the indices scaling fresh all time highs. Nifty galloped to a new high of 19,732 intra-day, but ended 0.75% higher at 19,711. Similarly, Sensex also notched a new high of 66,656 levels and settled at 66,590, up 529 points or … Read more
Indian market pared gains and closed negative on Thursday. The S&P BSE Sensex and Nifty50 closet flat with a negative bias. Sectorally, selling was seen in capital goods, metals, healthcare, and energy stocks while some buying was visible in power, utilities, consumer durables, and FMCG stocks. Stocks that were in focus include names like Ratnamani … Read more
, part of the IT Services industry, has fallen by about 40% from its February 2022 high but recent consolidation at lower levels suggests buying demand near support. High risk traders can look to buy the stock for a long term target above Rs 200 in the next 5-6 quarters, suggest experts. The stock hit … Read more
New Delhi: After a sharp beatdown over the past few weeks, IT stocks emerged as the best performers, rising up to 18 per cent in the last five sessions from the close on the first Friday of August 2022. IT stocks in the recent weeks have remained under pressure lately, with stocks eroding up to … Read more
Firstsource Solutions, part of the IT services industry, is down by over 50 per cent from its July 2021 highs but recent price action suggests that bulls are trying to take control, suggest experts. The stock hit a 52-week high of Rs 228.90 on 23 July 2021, but it failed to hold on to the … Read more
The first six months of 2022 have proved volatile for domestic equity markets. Benchmarks Sensex and Nifty have registered double-digit cuts, while indices used to track second rung counters are down up to 17 per cent so far this year. According to the data from AceEquity, 392 stocks out of the BSE 500 index have … Read more