“What we are looking at is it moving higher towards around 56,577, so that is slightly what we call an extended Fibonacci level for this particular move. The support being closer to around 54,660. So that is pretty short term. It is not a lot of upside right now because we have seen a pretty … Read more
“The best part about banks is that they have handled the entire tightening cycle very well in terms of managing NPA on their books. So, as the easing cycle plays out and because the book quality remains good, we will see better credit growth although margins get hit in the short term as the rate … Read more
President Donald Trump’s proposed 25% tariff on auto imports has ignited discussions among investors and analysts, particularly concerning its potential impact on mutual funds with significant holdings in automotive stocks. This tariff, aimed at bolstering domestic automotive manufacturing, could lead to increased costs for auto manufacturers. Consequently, the profitability and stock prices of companies within … Read more
Benchmark indices Sensex and Nifty 50 fell sharply by 2.6% each last week, with the Nifty slipping below the crucial 23,000 level to close at 22,904, amid a broad-based global sell-off fueled by U.S. President Trump’s tariff actions and renewed concerns over a potential economic slowdown. The broader market was not spared either, as the … Read more
The Nifty Auto Index has experienced a significant decline of almost 28% since reaching its peak in September 2024. This downturn can be attributed to a combination of factors such as US tariff worries, a decrease in automobile demand, and a general market correction. Consequently, the majority of auto stocks have witnessed notable declines. Within … Read more
The shares of Tata Motors rallied as much as 3.5% on the BSE, to their day’s high of Rs 671, rebounding from its recent 52-week low of Rs 606.20 after the company’s management reassured the investors in a management meet, that Jaguar Land Rover (JLR) is well on track to achieve its FY25 EBIT guidance. … Read more
“If one is a long-term investor, this is also a domestic-focused, our own domestic-focused consumption story and there is definitely scope there to build on to a portfolio if you are seeing some correction and consolidation started to happen, then one can be looking at real estate also,” says Neeraj Dewan, Market Expert. What is … Read more
“Going ahead what is interesting is markets are oscillating in a falling wedge pattern and Nifty today took support at the lower end of the wedge pattern and there it is trying to post a recovery. It will be interesting to see if market actually manages to scale past the resistance levels of 22,650, 22,700,” … Read more
“We have seen the US dollar index actually fall 2% this year, not rise. We have seen bond yields cool off significantly. And today, US is 70% of the world market capitalisation, up from maybe around 30% a few years back,” says Sandip Sabharwal, asksandipsabharwal.com.Are we now really reaching what could be called as the … Read more
Tata Motors, the country’s largest electric passenger vehicle (PV) manufacturer in terms of volume, believes that the Battery as a Service (BaaS) model has more of a marketing value than real use for customers. Under the BaaS model, buyers do not have to pay the price of the battery up front, significantly reducing the acquisition … Read more