NEW DELHI: Indian bluechip indices were trading with gains on Tuesday as traders came back to buy stocks at a lower level after two days of sharp fall. Bank and metals stocks bounced the most while pharma continued to be subdued. The main trigger for the market fall in the recent couple of months has … Read more
Information technology, diagnostics, NBFC and real estate players are likely to be the flavour of the upcoming season of buying. This would come on the heels of the Nifty crossing the 16,000-mark for the first time on Tuesday. ET spoke to research analysts at leading brokerages on their top picks for the coming months: Motilal … Read more
MUMBAI: While the benchmark indices recorded yet another lifetime closing highs today helped by technology stocks, the broader market saw weakness on concerns over likely rollback of some liquidity measures by the Reserve Bank of India (RBI). The Nifty50 index ended 1.0 per cent, or 137.50 points, higher at 14,484.75 points while the BSE Sensex … Read more
IT and pharma look very promising as we see the visibility of earnings in them, says Rahul Shah, VP-Equity Advisory, Motilal Oswal Financial Services. Excerpts from an interview: Let us address what is going on within the cement space owing to the fact that UltraTech has certainly been in focus on the back of their … Read more
ET Intelligence group: IT has transformed into a ‘growth’ sector in a world beset by the Covid-19 pandemic, after shedding its long-held ‘defensives’ tag, resulting in disproportionate interest from local fund managers. Domestic mutual funds have raised their holding of IT stocks by 290 basis points over the last one year, taking their total holding … Read more
After an 11% upmove, profit booking was expected. Now 11,600 is the immediate support, holding above which expect 12,000 to be crossed and head towards 12,250 and then possibly to all-time high of 12,428. Synopsis The BSE IT index has gained 99.6% from its March low while the Sensex has gained over 55% from its … Read more
It is unfair to call a double digit growing sector expensive if it starts to trade at 18-20 PE multiples while a whole host of consumer companies growing at 5-7% and which are trading at 70-80 PE multiples are considered quality, says the Founder, Abakkus Asset Manager. Let’s start with Sunil Singhania the market timer. … Read more