Buy on dips mode augurs well for Diwali Muhurat trading day: Anand James

Buy on dips mode augurs well for Diwali Muhurat trading day: Anand James

During the Diwali Muhurat trading session, traders do not look at intraday or overnight gains, says Anand James, Chief Market Strategist at Geojit Financial Services. Nifty having taken support at 19329, the recent reaction low on Friday, a buy on dips mode is in play, which augurs well for Muhurat day and for those worrying … Read more

Will Nifty follow seasonality trend ahead of Diwali? Anand James does the chart reading

Will Nifty follow seasonality trend ahead of Diwali? Anand James does the chart reading

NEW DELHI: A Bollinger band is indicating that Nifty may rally in the Diwali week but two Doji candles formed in the last days do not inspire confidence towards an outright uptrend early next week, says Anand James, Chief Market Strategist at Geojit Financial Services. Edited excerpts from a chat: Unlock Leadership Excellence with a … Read more

Rekha Jhunjhunwala raises stake in multibagger smallcap, exits these 2 stocks

Rekha Jhunjhunwala raises stake in multibagger smallcap, exits these 2 stocks

Ace investor Rekha Jhunjhunwala has raised her stakes in smallcap stock D B Realty by 57 basis points to 1.99% in the quarter ended September 30. She has also increased her equity in Fortis Healthcare while slashing it in Federal Bank. Jhunjhunwala held 1.42% in D B Realty at the end of the June quarter. … Read more

Changes in PB ratio calculation make Nifty valuations cheaper

Changes in PB ratio calculation make Nifty valuations cheaper

Mumbai: A change in the methodology to calculate the Price to Book (PB) ratio has led to this key valuation measure shrinking for the benchmark Nifty. The PB ratio of the Nifty on Friday dropped by nearly 20%from 4.31 on September 28 to 3.45 on September 29. Essentially, this has made Nifty’s valuations cheaper on … Read more

FPIs turn net sellers after 6 months of investment; withdraw Rs 14,767 cr in Sept

FPIs turn net sellers after 6 months of investment; withdraw Rs 14,767 cr in Sept

After sustained buying in the last six months, FPIs have turned net sellers and pulled out of over Rs 14,767 crore from Indian equities in September, primarily due to dollar appreciation, steady rise in the US bond yields, and a spike in crude oil prices. Going forward, the outlook for FPI flows in India is … Read more

Why industrial commodity prices are under pressure

Why industrial commodity prices are under pressure

Base metals prices retreated from their January highs as Chinese economic woes threatened the demand from the world’s largest commodity consumer. Fears of excess supplies and the US Fed’s rate hike policies also added pressure on prices throughout the period. In the benchmark LME platform, prices of the most used industrial commodities like copper and … Read more

Ahead of Market: 10 things that will decide D-Street action on Friday

Ahead of Market: 10 things that will decide D-Street action on Friday

Amid improving sentiment post the US inflation print that bolstered hopes of a rate hike slowdown by the Federal Reserve, Indian benchmark indices notched fresh peaks in morning trade. At the close, Nifty ended with gains of 33 points at 20,103, while Sensex added 52 points to settle the day at 67,519. Sectorally, buying was … Read more

Ahead of Market: 10 things that will decide stock action on Monday

Ahead of Market: 10 things that will decide stock action on Monday

Indian equities unfazed by weak global cues ended in the green in Friday’s session. Nifty ended at 19,820, up around 100 points, while Sensex added 333 points to settle the week at 66,599. Global distress weighed on IT and pharma stocks which came under selling pressure. Nevertheless, the gains in infra, industrial, and capital goods … Read more

4 major PSU rail stocks in overbought state, profit booking ahead: Anand James

4 major PSU rail stocks in overbought state, profit booking ahead: Anand James

After gaining an average of 14% this week and more than 30% in the last one month, railway stocks may now come under some profit booking pressure. “4 out of 5 major railway stocks like RVNL, IRFC, IRCTC and Railtel are overbought with RSI above 75. Even though the outlook for these stocks remains bullish, … Read more

Ahead of the Market: 10 things that will decide D-Street action on Thursday

Ahead of the Market: 10 things that will decide D-Street action on Thursday

Indian benchmark stock indices closed in the green for the fourth consecutive day on Wednesday on buying in HDFC Bank and a largely firm trend in Asian markets. Fag-end buying helped the BSE Sensex climb 100 points to settle at 65,880.52. During the day, it had declined 292 points to 65,488.03. Global stocks faced headwinds … Read more