Trade setup for Tuesday Speaking on the outlook for Nifty today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, “Nifty is currently placed at the hurdle of opening downside gap around 23,250 and the bearish weekly candlestick pattern like hanging man of last week is still intact. Despite moving into all-time highs, the …
Global brokerage firm CLSA has revised its India portfolio in response to the Lok Sabha election results. The firm, which recently listed 54 stocks as “Modi stocks,” has now limited its exposure to this category to only ONGC and Reliance Industries, as these have re-rated by less than 15% in the last six months. In …
Stock market today: Following diverse hints from the US monetary policymakers and a shake in the Chinese yuan, the Indian stock market snapped its three-day rally on Tuesday. The Nifty 50 index lost 92 points and finished at the 22,004 level, the BSE Sensex corrected 361 points and ended at the 72,470 level while the …
Stock market today: On account of broad-based selling across segments, the Indian stock market ended lower on Wednesday. The Nifty 50 index witnessed a sharp correction on the previous session and ended 338 points or 1.51 percent lower at 21,997 level. The BSE Sensex crashed 906 points or 1.23 percent and closed at the 72,761 …
Indian stock market today: After showing an excellent upside recovery from the lows on Thursday, the Indian stock market shifted into a range-bound action for the whole session on Friday and closed in the red territory. After climbing to a new all-time high of 22,297, the Nifty 50 index went off 4 points and closed …
In the broad market, both small-cap and mid-cap indices outperformed the key benchmark indices even as the advance-decline ratio remained firm at 1.56:1. Large activity was seen in bank, auto, pharma, PSU, and FMCG stocks. Stock market strategy for next week Sumeet Bagadia, Executive Director at Choice Broking believes that overall Indian stock market managed …
The stock is up by 60 per cent from its 52-week low and gave multibagger returns of 130 per cent in the last 3 years. Larsen & Toubro Ltd (L&T Ltd) informed that the company …
The Nifty 50 ended lower on Friday but still had its best week in two months. From the October 27 lows, which is the start of the November series, the index has gained 800 points. The rally of the truncated Diwali week left investors richer by ₹7 lakh crore. Three straight weekly gains have put …
Samvat 2079 came to an end on Friday which left India’s investors richer by ₹44 lakh crore. The combined market cap of all BSE-listed companies stood at ₹320 lakh crore at the end of Friday, compared to ₹276 lakh crore at the start of the Samvat on October 24 last year. The Nifty 50 index …
Brokerage firm ICICI Direct has pegged its one-year forward target on the Nifty 50 at 21,500 with a sectoral bias towards banks, capital goods and infrastructure, along with power stocks. On the flip side, it recommends investors to avoid sectors having a more global exposure like IT and Oil & Gas. “We continue to see …