The capital appreciation story in the equity market is currently positive, largely driven by the results of the general election. SBI Securities provides insights into the recently concluded quarterly results season and recommends that investors take a diversified approach, focusing on the best-performing businesses across 12 sectors. The domestic brokerage firm has prioritized stocks with … Read more
Indian market is expected to consolidate on Wednesday tracking mixed global cues. The Nifty future closed negative with losses of 0.78% at 22375 levels on Tuesday. India VIX was up by 2.71% from 16.60 to 17.05 levels. On the weekly options front, the maximum Call OI is placed at 22500 and then towards 22800 strikes … Read more
Notwithstanding the minor dip seen in the smallcap index last week, technical indicators suggest buying momentum will continue as the selling was just routine profit booking, says Sudeep Shah of SBI Securities.. “Technically, Nifty Midcap and Nifty Smallcap are in a strong uptrend as they are marking the sequence of higher tops and higher bottoms. … Read more
After correction in the prices of metal stocks, valuations have turned favourable and risk-reward have become favourable across large-caps and mid-caps, said SBI Securities. The brokerage is recommending seven stocks in this sector with an investment horizon of six to 12 months. It said the total allocation to the metal sector could be 7% of … Read more
“I feel that eventual levels that we could see on Nifty would be 17,850, 17,900 in the next few sessions. And just to add to this, Bank Nifty has also started showing a good traction,” says Sudeep Shah, SBI Securities. Let us start with your view on the market. Three, four, five days of gains. … Read more