Pointing out that the distance between 100 and 200 SMAs is the highest since the sharp ascent during the 2020-21 period, Anand James, Chief Market Strategist, Geojit Financial Services, says we are now at a perfect point to correct this anomaly as we approach August low of 23893, providing a breathing space for bulls to … Read more
The Indian market closed in the green for the third consecutive day. The S&P BSE Sensex rose more than 200 points, while the Nifty50 closed above 19,400 levels. Sectorally, buying was seen in banks, metal, public sector, and consumer durables, while selling was seen in power, FMCG, and oil & gas stocks. Stocks that were … Read more
“KPIT had a different story going for it because of their work on the EV automation side and the kind of order flows they were getting,” says Sandip Sabharwal, asksandipsabharwal.com.Although there may be two holidays this week, it is a pretty critical one. You have that surprise move by OPEC, RBI policy, the cue for … Read more
Indian market closed in the green on Thursday for the second consecutive day. The S&P BSE Sensex rose more than 100 points while the Nifty50 closed just a shade below 17900 levels. Sectorally, buying was seen in IT, capital goods, the public sector, and banks while selling was visible in power, utilities, realty, and telecom. … Read more
In its upcoming semi-annual list of stocks, Association of Mutual Funds in India (AMFI) is highly likely to downgrade and One 97 Communication ( Paytm) from largecap to midcap category, according to a report by . The AMFI rejig will majorly be classified by size, taking into account data from July to December 2022. This … Read more
, part of the Indian IT sector, recouped losses and is down by about 20 per cent from its January 2022 highs. However, recent price action suggests that the stock could well retest record highs in the next 6 months. The IT stock hit a fresh high of Rs 800 on 10 January 2022 but … Read more