KEC International Ltd, part of the capital goods space, has fallen by about 20 per cent from its recent October 2021 highs, but a double bottom breakout in July on the daily charts suggests that bulls are trying to take control. Short-term investors can look at buying the stock now or on dips for a … Read more
The Indian market closed in the red for the third consecutive day on Wednesday. The S&P BSE Sensex fell by nearly 400 points while the Nifty50 closed below 16,000 levels. Sectorally, buying was seen in healthcare, FMCG, metals, and the public sector, while selling was seen in power, utilities, oil & gas, and energy stocks. … Read more
Indian markets fell in morning trade on Tuesday tracking weak global cues. The S&P BSE Sensex fell more than 200 points while the Nifty50 slipped below the 16,200 mark in the first 15-minutes of trade. Sectorally, buying was seen in utilities, power, telecom, and oil & gas while selling was visible in metals, consumer durables, … Read more
Jamna Auto Industries Ltd, auto component and equipment makers, has given multibagger returns from Covid lows in the last two years and technical parameters suggest that the rally is not over yet. The stock rallied after hitting a low of Rs 21 on 24 March 2020. It closed at Rs 128 on 6 July 2022, … Read more
Indian market closed in the green on Monday for the third consecutive day. The S&P BSE Sensex rallied by over 400 points while Nifty50 closed above 15,800 levels. Sectorally, buying was seen in capital goods, IT, metals, and public sector stocks. The S&P BSE Mid-cap index was up 0.8 per cent while the S&P BSE … Read more
“The market breadth is improving significantly but I believe on the index front specifically we would take some bit of more time to break past above 15700 convincingly.” said Kunal Bothra, kunalbothra.co.in. Edited excerpts: As far as the market setup is concerned 15,700 is what we have managed to hold on to. Is the risk … Read more
UltraTech Cement, part of the S&P BSE Sensex index, has fallen over 35 per cent from its November 2021 highs, effectively putting the stock in a bear grip, but technical indicators suggest the possibility of a technical bounce back in the short term. The cement major hit a 52-week high of Rs 8267 on 8 … Read more
Indian market closed lower for the fifth consecutive day on Thursday following muted global cues. The S&P BSE Sensex plunged more than 1,000 points while the Nifty50 closed below 15,400 after it hit a fresh 52-week low. Sectorally, selling pressure was seen in metals, public sector, telecom, realty, and IT stocks. The S&P BSE Midcap … Read more
The ‘grey to green’ theme is gaining pace in India as the renewable energy sector is set to increase four times by 2030. As India aims to meet 50 per cent of its energy requirement from renewable energy by 2030 and reduce its carbon emission by 45 per cent, domestic brokerage firm Securities finds money-making … Read more
Indian market closed in the red for the second consecutive day in a row on Tuesday following muted global cues. The S&P BSE Sensex was down by more than 150 points while the Nifty50 closed below 15,800 levels. Sectorally, selling pressure was seen in energy, oil & gas, auto, finance, and metal stocks while buying … Read more