There is also renewed interest in stocks that have not rallied in the past few months. Synopsis The Sensex and Nifty have rallied over 85 per cent from their March lows. ET takes a look at 5 stocks that are garnering high interest in the futures segment and details their near-term outlook. Stock futures of … Read more
Share indices are up about 77 per cent after hitting their lowest levels in March, primarily due to the liquidity support thanks to easy monetary policies of global central banks. Synopsis Tata Steel, Tata Motors, IndusInd Bank, Hindalco Industries, JSW Steel, Bajaj Finance, Bajaj Finserv and M&M are trading 42-67 per cent above their 200-DMAs … Read more
The 13,200 level looks like a reasonably strong support for Nifty. Keeping that as a stop loss, traders can hold on to long positions, says the independent market expert. Excerpts from an interview: Strong move was seen not just for the Nifty but also Sensex which is now at a record 45,000. Also, broader markets … Read more
While bank shares underperformed, technology shares were the top performers, resulting in the sector’s weight on the Nifty surging to 17.58% in November — the highest in over 12 years. Synopsis The Nifty Bank index has gained over 15% in the last one month. The rise in weightage could lead to these shares attracting majority … Read more
The week gone by saw the domestic equity indices move in a wide range and stocks rally on global risk-on sentiment following the US election verdict. Not only was the trading range wide at 723 points, volatility too declined to a great extent. The market’s bias over the past five days remained secularly bullish, and … Read more
By Chandan Taparia Nifty opened positive on Monday, but failed to hold above the 11,700 mark in morning tick, and remained highly volatile. In the first hour of the session, Nifty took support near the 11,550 mark, the 50 DMA, and then witnessed a decent recovery towards the 11,725 mark in the later part of … Read more
Some in the market believe that re-election of Donald Trump as US President would mean continuity in policies and he is considered to be more market-friendly. Synopsis Derivative analysts said the bullish bias is intact as the index has gained 8 per cent in the October series but some positions were liquidated ahead of expiry … 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
Pharma companies are expected to maintain the growth momentum with companies such as Cipla and Dr Reddy’s gaining from the sale of drugs meant for Covid treatment. Synopsis According to the ET Intelligence Group’s estimates, aggregate net profit of the Nifty 50 companies is likely to grow by 30.4 per cent compared with a drop … Read more
US markets are running on stimulus hope and domestically, it will make sense to be very cautious while trading in short-term players, says Rahul Sharma, market strategist and research head (equity), Equity99 Advisors. On near-term factors at play in the marketIn September, the Nifty fell to 10,800 from 11,600 and then it rebounded to 11,600. … Read more