Tech View: Nifty50 stays in consolidation range; bias positive

Tech View: Nifty50 stays in consolidation range; bias positive

New Delhi: Nifty50 on Monday snapped a three-day losing streak as it formed a bullish candle on the daily chart. Analysts said that the index may continue to remain in the consolidation range with a positive bias, as long as it does not breach the 15,900 level decisively on the upside. They see strong support … Read more

Tech View: Nifty shows no follow-up buying, reflects lack of strength

Tech View: Nifty shows no follow-up buying, reflects lack of strength

New Delhi: Nifty50 on Wednesday saw selling pressure, as it ended up forming a bearish candle on the daily chart. The index failed to see a follow through buying, following the breach of 15,200-15,400 range in the previous session, reflecting a lack of strength. Analysts said a fall below 15,400 could trigger further weakness in … Read more

Tech View: Nifty50 falls below key support, trend negative

Tech View: Nifty50 falls below key support, trend negative

Nifty50 fell for the fifth straight day on Thursday and formed a long bearish candle on the daily chart that engulfed the previous session’s candle. During the day, the 50-pack index could not hold its key support levels as it entered the oversold territory, as suggested by the 14-day relative strength index. While the trend … Read more

Tech View: Nifty50 forms ‘Inverted Hammer’, recovery possible

Tech View: Nifty50 forms ‘Inverted Hammer’, recovery possible

New Delhi: Nifty50 on Tuesday formed an ‘Inverted Hammer’ candle on the daily chart, which at many a time is formed around bottoms, as traders remain sceptical about the initial pullback attempts, said analysts. Analysts added that the level of 15,600-700 remains a strong support for the index going ahead. They see resistance at 16,850 … Read more

Kotak Mahindra Bank Q1 preview: Profit may rise up to 26%, NII growth seen in single digits

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NEW DELHI: is likely to report a 26 per cent year-on-year (YoY) rise in net profit in the June quarter and a single-digit rise in net interest income (NII). Net interest margin (NIM) is seen expanding marginally, while gross non-performing assets are seen at 3.4 per cent. HDFC Institutional Equities is expecting the private lender … Read more

Grasim Inds Q4 preview: Sales may rise in single digit, margin may fall sequentially

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NEW DELHI: NIfty50 constituent firm is likely to report a sales growth of 6-7 per cent for March quarter. Margins are seen expanding year on year (YoY), but may fall sequentially. Analyst estimates vary on the company’s profit figure. Grasim is a diversified company with exposure to many sectors. The flagship company of Aditya Birla … Read more

Tech View: Nifty breaches key resistance at 15,150, eyes further gains

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NEW DELHI: Nifty50 broke above its crucial resistance at 15,150 level on Friday and formed a solid bullish candle on the daily chart, negating the formation of lower highs and lows. On the weekly scale, the index formed a Bullish Marabozu pattern. The index has set its sights on the 15,300 level, breaching which it … Read more

Banks look set for the roaring twenties

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Among PSUs, we estimate SBI’s RoE to touch about 15% by FY23,” it said. Synopsis “The banking sector is entering a golden period, with the focus shifting from asset quality issues toward strong growth opportunities, market share gains, and earnings pendulum swings to decadehigh returns on equity (RoE),” the Motilal Oswal note said. Fortunes of … Read more

ICICI Bank jumps 6% post Q2 results; analysts see up to 66% upside in 12 months

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NEW DELHI: Shares of ICICI Bank climbed 6 per cent in Monday’s trade after a host of brokerages raised the targets on the stock following the private lender’s better than expected September quarter results. Nomura India said the prevailing stock valuations provide enough downside comfort. This brokerage increased its target on the stock to Rs … Read more

Vodafone Idea surges 9% as telco pays Rs 1,000 crore in AGR dues ahead of SC hearing

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NEW DELHI: Shares of Vodafone Idea surged 9 per cent in Monday’s trade after the telecom operator paid an additional Rs 1,000 crore to the government towards the statutory dues ahead of the Supreme Court hearing on the adjusted gross revenue (AGR) matter later in the day. With the fresh payment, Vodafone Idea made a … Read more