Midcap stocks got hammered through February falling by as much as 30% as investors scurried to book profits or cut losses. The low-key sentiments on D-Street were on account of both the global and local factors. While Donald Trump’s threats on reciprocal tariffs and fears of US economic slowdown weighed on the markets, nearly a … Read more
“And over the next, I would say six months, expecting 4% to 6% of a price correction and maybe six months of the time correction is something which I would be more than happy to have in the market because that would really bring back the health and the strength of the market back,” says … Read more
PSU mutual funds are losing steam. Do I withdraw my investment now or should I wait? Are PSU funds going to provide low returns in the near future, or are they likely to rebound? What is the current outlook for these funds? Manorajan Das, Gurgaon Reply by Shweta Rajani, Head – Mutual Funds, Anand Rathi Wealth … Read more
Sunil Subramaniam, market veteran, says that in April and May, the outflow of Rs 50,000 crore was a profit booking by FIIs. Now, alternatives to take that money and put it anywhere else in the world are not looking attractive. So, they had to come back to India, especially once they got clarity that this … Read more
The markets consolidated throughout the past week; the week was a shortened one with Monday, June 17, being a holiday on account of Bakri Eid. The past five sessions saw the markets staying in a capped range throughout the day. Even when the Nifty kept marking incremental highs, the intraday trend remained practically absent. The … Read more
Nifty on Thursday formed a Doji candle on daily chart, which indicates indecisiveness prevailing in the marketplace at current juncture. The short-term trend of Nifty continues to be positive amid high volatility. Having moved above the hurdle of 22,250 level (mid-part of Tuesday’s long bear candle) recently, Nifty could move towards the next upper hurdle … Read more
Mumbai: The benchmark indices ended their two-day winning streaks as they closed below their opening levels in Tuesday’s trade. The oil and gas, realty and utilities indices were the day’s biggest losers. Analysts believe that the markets could stay range-bound in the same manner till next week as they have entered the overbought condition and … Read more
Nifty is anticipated to trade within a range, and a move above 19,900 could trigger an extended rally possibly to new life highs, according to technical analysts. Conversely, in the event of profit booking, initial supports may emerge around 19,500-19,400. Stocks such as Bharti Airtel, Bajaj Auto, NTPC, Jindal Stainless, RIL, Lupin, BHEL, Divi’s Lab, … Read more
“Nifty was facing a very strong resistance at around 18600 to 18800 levels on the higher side but definitely as of now it has a good support at around 18270 level. If it surpasses that support level on today’s closing basis then again we are likely to see the extension of this fall towards 18100 … Read more
New Delhi: The domestic equity market continued to bleed due to sharp profit booking and heavy FII outflows, for the second straight week. The broader markets were hit harder. Hawkish commentary from the Federal Reserve, elevated crude oil price, rising geopolitical tensions and persistent selling from the FIIs kept the trades on toes. Back home, … Read more