Benchmark Sensex tanked 542 points to settle at a four-week low while Nifty closed below the 19,400 mark, extending their losses for a third straight day on Thursday in tandem with a bearish trend in global markets following the US rating downgrade. Here’s how analysts read the market pulse: “Global markets are still grappling with … Read more
After the underperformance during the January-March quarter, benchmark Nifty50 delivered gains over April and May. The index is now set to surpass the lifetime high of 18,887.60 it scaled in December last year. While Nifty50 will take an upward trajectory, midcap stocks are likely to see stronger momentum. “We expect broader markets to accelerate upward … Read more
” I would like to just buy these midcap IT stocks at slightly more reasonable price to earnings multiples so there is margin of safety,” says Dipan Mehta, Director, Elixir Equities.At what point in time IT becomes what banks were in 2021. 2021, nobody liked banks. Everybody was worried about the impact of impact of … Read more
NEW DELHI: Since the last Dussehra on October 15, 2021, at least 44 smallcaps have given multibagger returns to investors even as the Sensex eroded over 6% during the period amid worries related to the macroeconomic environment and rising interest rates. ITeS stock , which has a market cap of less than Rs 1,400 crore, … Read more
NEW DELHI: Nifty ended July F&O series on a weak note on Thursday and formed a bearish candle on the daily chart. Technical indicators like the RSI have seen a negative crossover from the overbought scenario on the daily scale, which doesn’t bode well for the bulls, but an overall lower VIX is ruling out … Read more