The Nifty managed to close above the support zone of 16,750-17,000, but absence of momentum is hindering an upmove. Technical analysts expect the index to consolidate in 16,450-17,450 range till October F&O expiry. Analysts said stocks such as , , ABB, , Angel One, , and could witness strength in the near term. ASHISH CHATURMOHTA … Read more
“For , as of now there is zero trend as such till the time it shows any price action, which can confirm a trend change. It is still an ‘avoid’,” says Rahul Shah, VP-Equity Advisory, . Edited excerpts: Let us talk about the IT sector. No doubt, last week, the sector was majorly in focus … Read more
NEW DELHI: Amid easing chip supplies and pent-up festive season demand, auto has emerged as the best-performing sector on Dalal Street in the last 6 months. Now, ahead of the September quarter earnings season, analysts expect margins to improve for the second straight quarter due to operating leverage benefits and raw material tailwinds. “We forecast … Read more
Indian market opened higher on Monday despite muted global cues. The S&P BSE Sensex rallied more than 200 points to reclaim 59,000 mark while the Nifty50 also rose above 17,600 levels in the first 15-minutes of trade. Sectorally, buying was seen in metals, telecom, realty, banks and finance stocks while selling was seen in healthcare, … Read more
Indian market closed in the green on Friday for the third consecutive day. The S&P BSE Sensex rallied more than 700 points while Nifty50 closed above 17,100 levels. Sectorally, the rally was seen in metals, energy, oil & gas, IT, and consumer durables. Stocks that were in focus include which hit a fresh 52-week high, … Read more
Technical and derivative analysts expect the Nifty to rise further in the coming week, up to 16,000 levels. The Nifty gained 2.7% last week to 15,699.25, outperforming most of the Asian peers. SUDEEP SHAH HEAD, TECHNICAL & DERIVATIVES RESEARCH, SECURITIES What should investors/traders do? Investors should look to buy the dips until 15,450 levels are … Read more
Mumbai: Shares of automobile makers surged on Thursday as the recent decline in global commodities, including metals, prompted investors to lap up some of the battered names. The BSE Auto index jumped 4.4% emerging as the top sector gainer on Thursday led by gains in Maruti Suzuki India‘s shares which rose 6.3% to 8,274.60. Eicher … Read more
NEW DELHI: Rate sensitive stocks gained on Wednesday after the Reserve Bank of India (RBI) hiked repo rate – the rate at which it loans money to banks — by 50 basis points to 4.90 per cent in order to tackle elevated inflation. Most bank stocks, which are among the most sensitive stocks with respect … Read more
With this vaccination drive, we continue our endeavour to prioritise the health and safety of all our employees and their families.” TVS Motor Company on Saturday announced that it would provide free Covid-19 vaccination to all employees and their immediate family members covering 35,000 direct and indirect company staff members across the country. In the … Read more
Union Finance Minister Nirmala Sitharaman on Friday held an informal meeting with top industrialists of Tamil Nadu to elicit their views on the budget she presented on February 1. Chairman Venu Srinivasan, MRF Ltd Chairman M Mammen, India Cements Ltd Vice Chairman N Srinivasan, former Chairman R Seshasayee and Apollo Hospitals MD Sunita Reddy were … Read more