With the dollar index and US 10-year bond yields on the rise, along with increasing crude prices and geopolitical tensions, analysts advise a cautious approach. They advise investors to refrain from chasing buying opportunities at elevated levels and suggest booking profits on any bounceback. ICICI Bank, Reliance Industries, Mahindra & Mahindra, Eicher Motors, SAIL, IRCTC, … Read more
Nifty Bank, which hit a fresh lifetime high above 49,000 last week, has given an average return of 5% during the March quarter earnings season 7 out of 10 times in the last 10 years, says Anand James, Chief Market Strategist, Geojit Financial Services. Edited excerpts from a chat with James on the market outlook … Read more
The Indian Railway Catering and Tourism Corporation (IRCTC) will operate ‘Bharat Gaurav’ tourist train as part of the ‘Punya Kshetra Yatra’ package to Puri, Kasi and Ayodhya from April 6 to 15. The 10-day pilgrimage tour will cover Puri, Konark, Gaya, Varanasi, Ayodhya and Prayagraj. The tourist train will start from Secunderabad station and have … Read more
It was a negative start to the week for the Indian markets as Nifty formed a strong bearish engulfing candlestick on the daily charts. This correction is on the expected lines as Nifty was at significantly higher levels than its 50-day mean price. In addition, the uncertainty around the corporate earrings may also play a … Read more
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
Shares of IRCTC rose over 5% to Rs 680 in Friday’s trade on BSE after the company on Wednesday reported its June quarter revenue above estimated. Its revenue from operations during the quarter jumped 17% year-on-year (YoY) to Rs 1,002 crore. The same stood at Rs 853 crore in the same quarter last year. However, … Read more
Indian market is likely to consolidate on Monday tracking mixed global cues. The S&P BSE Sensex fell more than 100 points while the Nifty50 closed below 19700 levels on Friday. India VIX was down by 3.52% from 10.51 to 10.14 levels in the previous trading session. Volatility has been moving in a range for the … Read more
Indian market is expected to trade flat-to-lower on Friday tracking mixed global cues. The S&P BSE Sensex rose more than 100 points while the Nifty50 closed just a shade below 17900 levels on Thursday. India VIX moved down by 4.12% from 13.57 to 13.04 levels on Thursday. Volatility has been overall falling down from the … Read more
NEW DELHI: Mutual fund managers seem to be bottom fishing for stocks, suggests the latest data as their top bets last month included many beaten-down counters. Among the 30 top picks of mutual funds in December across market cap, 19 have given negative returns to the tune of 6-60% in the last one year. Interestingly, … Read more
“Once the next quarter earnings commentaries come out and things settle down, that will be the opportunity to buy because longer term, I still think Indian IT is a good story because of the huge cash they generate, the buybacks they do and the dividends they pay. But I do not think that the slowdown … Read more