Nifty oversold, can consolidate at 17,200-17,900: Analysts

Nifty oversold, can consolidate at 17,200-17,900: Analysts

Will the Nifty be able to end its six-day losing run? The index looks oversold in the short-term on technical and derivative fronts, but with the index breaking below the key support of 17,500, analysts are not ruling out further downside. Reliance Industries, TCS, L&T, Axis Bank, NTPC, ONGC, UltraTech, and Maruti are some stocks … Read more

Sensex extends losses to 6th session, investors get poorer by Rs 74,830 cr this week

Sensex extends losses to 6th session, investors  get poorer by Rs 74,830 cr this week

In tune with most of the Asian peers, Indian equity indices closed in the red for the sixth consecutive day on Friday, dragged by the HDFC twins, banking and IT stocks. It was their worst week in over 8 months on fears of aggressive interest rate hikes by global central banks and a fall in … Read more

Sensex ends 215 pts lower, Nifty below 17,800 ahead of RBI’s rate decision

Sensex ends 215 pts lower, Nifty below 17,800 ahead of RBI’s rate decision

Ahead of the Reserve ‘s monetary policy decision tomorrow and commentary from Federal Reserve Chair Jerome Powell tonight, Indian equity indices apparently struggled for direction before closing in the red for a second straight day on Tuesday, dragged by IT, auto and metal stocks. The BSE Sensex index ended 215 points or 0.36% lower at … Read more

Budget will continue to focus on capex and manufacturing: Ravi Dharamshi

Budget will continue to focus on capex and manufacturing: Ravi Dharamshi

“Infrastructure, not from investment point of view, but I think India’s infrastructure is definitely improving. You cannot but be optimist about it,” says Ravi Dharamshi, ValueQuest Investment Advisors.What is the best way to play the Budget theme if at all or would you say leave the Budget aside, look at what your long-term portfolio is … Read more

A break of 17,450 could take Nifty down to 17,230

A break of 17,450 could take Nifty down to 17,230

Benchmark Nifty slipped below its 100-day moving average after a sharp fall of 2.5% last week. Most technical indicators suggest the bearish momentum could continue into this week, according to technical analysts. Crucial support is seen at 17,450, and a breakdown below this zone may attract further selling towards the 200 DMA of the 17,230 … Read more

Blood on the Street? Pankaj Murarka is looking to mop up midcaps in 4 sectors

Blood on the Street? Pankaj Murarka is looking to mop up midcaps in 4 sectors

“For someone like us who is a permabull on India, these are great times to go out and buy good businesses – be it largecaps, midcaps, smallcaps and own them for a two to three-year time horizon which is a typical investment horizon. The selloff in midcaps could be slightly higher because of low liquidity … Read more

This sector drove in top gear over bears to clock best weekly returns

This sector drove in top gear over bears to clock best weekly returns

In the fag-end of last week which brought a massive sell-off in Dalal Street, one sector that managed to add wealth into investors’ kitty was automobile and auto ancillary. Major stocks in this pack not only managed to buck the weak market trend but also gave strong double-digit weekly returns. The S&P BSE Auto index … Read more

Chart Check: Range breakout on this auto stock is an attractive buy post Q3 results

Chart Check: Range breakout on this auto stock is an attractive buy post Q3 results

, part of the auto sector, recorded a range breakout on 24 January when it declared results for the quarter ended December 2022. Suzuki’s net profit for the December quarter more than doubled on year to Rs 2,351 crore, and beat ET Now Poll of Rs 1,873 crore. Also Read The stock which is part … Read more

Maruti Suzuki profit doubles in Q3: Should you buy, sell or hold the stock?

Maruti Suzuki profit doubles in Q3: Should you buy, sell or hold the stock?

NEW DELHI: India’s largest carmaker managed to impress investors with its Q3 earnings with many brokerages even raising their target prices on the auto stock. While the order book for Maruti’s new models – Brezza and – remains strong, the addition of two new models in its portfolio (Jimny and Fronx) may lead to the … Read more

Hot Stocks: Brokerages on Maruti Suzuki, TVS Motors, Pidilite Industries post Q3 results

Hot Stocks: Brokerages on Maruti Suzuki, TVS Motors, Pidilite Industries post Q3 results

Global brokerage firm Citigroup maintained a sell rating on , JPMorgan remained underweight on , and Morgan Stanley has an overweight rating on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Suzuki: Overweight | Target Rs 10,483Morgan Stanley maintained an overweight rating on … Read more