Dharmesh Shah on 2 sectors to bet on in a volatile market

Dharmesh Shah on 2 sectors to bet on in a volatile market

“Right now, it’s hard to say what to buy, but it’s best to wait for a reversal. Nifty has strong support at 23,800, with resistance around 24,600 to 24,700. Going short now is not advisable—any positive news could trigger a pullback to 24,500 or 24,600,” says Dharmesh Shah, ICICI Direct. Very interesting data point Soumeet … Read more

Is there more consolidation in store for HDFC Bank? Deepak Shenoy answers

Is there more consolidation in store for HDFC Bank? Deepak Shenoy answers

“I think that way there is a slight set of headwinds. But I feel given the criteria that RBI seems to be talking about from MFIs and from NBFCs that are lending to retail whether cutting down on usurious loans being made through say digital channels or something like that, there is a potential that … Read more

Sandip Agarwal on what should investors do with Infosys, TCS, and Wipro stocks

Sandip Agarwal on what should investors do with Infosys, TCS, and Wipro stocks

“Tech Mahindra, Infosys all are up 40% in last six to eight months. So, large part of all positive news has been discounted and the stocks are trading at a very-very decent valuation I would put in that way,” says Sandip Agarwal, Fund Manager, Sowilo Investment Managers. From these Q2 earnings from the likes of … Read more

Infosys, Wipro show strong sequential growth in Q2 dollar revenue

Infosys, Wipro show strong sequential growth in Q2 dollar revenue

Infosys and Wipro delivered better than expected sequential growth in dollar denominated revenue for the September quarter. The difference in their performance was on the front of profitability and the total contract value of new deals. While Infosys disappointed on these parameters, Wipro surpassed analysts’ estimates on profits, profitability and also reported a revival in … Read more

UBS buys 81 lakh shares of IDFC for Rs 88 crore via block deal ahead of stock’s suspension from Thursday

UBS buys 81 lakh shares of IDFC for Rs 88 crore via block deal ahead of stock’s suspension from Thursday

UBS bought over 81 lakh shares in IDFC Limited on Wednesday for Rs 88 crore through UBS Principal Capital Asia Limited via a block deal. The shares were purchased at a price of Rs 107.92 apiece. IDFC Limited shares will be suspended from trading with effect from Thursday, October 10 which is the record date … Read more

Stopping Nifty weekly expiry will deprive hedging opportunity: Anand James

Stopping Nifty weekly expiry will deprive hedging opportunity: Anand James

After BSE has announced that it will discontinue Bankex weekly expiries, the market is rife with speculations that NSE may choose Nifty Bank over Nifty as both exchanges have to pick one expiry under new Sebi rules. Nifty Bank brings in higher volumes for the exchange, and better trading opportunities for speculators, but if Nifty … Read more

IT sector Q2 preview: Single-digit revenue growth seen, FY25 guidance may improve

IT sector Q2 preview: Single-digit revenue growth seen, FY25 guidance may improve

Indian IT companies are expected to report a single-digit revenue growth up to 4% in the quarter that ended on September 30, 2024 with the likelihood of positive commentary for the rest of FY25, according to estimates by three brokerages. The earnings season begins on Thursday, October 10 with the announcement of results by Tata … Read more

4 metal stocks Dharmesh Shah is bullish on for near term

4 metal stocks Dharmesh Shah is bullish on for near term

“We believe 51,400 to 51,000 should be the strong support for Bank Nifty and we should see a gradual recovery for Bank Nifty too. So, banking, metals, power space as a whole looks positive from the current levels,” says Dharmesh Shah, ICICI Direct.Any sector-specific moves that you are seeing? Any sectors that you are liking … Read more

Mcap of 6 of top-10 most valued firms jumps Rs 1.97 lakh cr; ICICI Bank, HDFC Bank major winners

Mcap of 6 of top-10 most valued firms jumps Rs 1.97 lakh cr; ICICI Bank, HDFC Bank major winners

The combined market valuation of 6 of the top-10 most valued firms jumped Rs 1,97,734.77 crore last week, with ICICI Bank and HDFC Bank emerging as the biggest winners, in-line with optimistic trends in equities. Last week, the BSE benchmark jumped 1,653.37 points or 1.99 per cent. The BSE benchmark soared 1,359.51 points or 1.63 … Read more

TCS employees get tax demand notices for payments of Rs 50,000- Rs 1.5 lakh amid TDS issues

TCS employees get tax demand notices for payments of Rs 50,000- Rs 1.5 lakh amid TDS issues

Many employees of Tata Consultancy Services (TCS), India’s largest IT services firm, have recently received demand notices from the income-tax department concerning alleged discrepancies in their tax deduction at source (TDS) claims. These notices request payments ranging from Rs 50,000 to Rs 1.5 lakh, moneycontrol reported. According to the reports, TCS has advised affected employees … Read more