Author: India

Alok Agarwal, Senior Fund Manager – Equity, PGIM India Mutual Fund, says that given the historical move, limited scope for earnings surprises, rising debate around easy money, the risk-to-reward ratio is increasingly shifting in favour of large caps. Agarwal is a market veteran of over 15 years. Prior to this, Alok was Portfolio Manager – […]

Nimish Shah, Chief Investment Officer – Listed Investments at Waterfield Advisors feels valuations seem stretched on an FY22 basis, but, if the economic growth is able to sustain and corporate earnings see a 15-18 percent growth in FY23, then the valuations may not seem that unreasonable. Given the current high valuations, investors should revert to […]

HCL Technologies, which rallied over 4 percent, TCS that rose more than 2 percent, and Tech Mahindra that closed a percent higher were in focus on August 23 ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var […]

The Sensex has rallied about 6,000 points in just seven months to hit a high of 56,118, while the Nifty surpassed 16,700 for the first time earlier this month. As the benchmark indices continue to scale new heights, a close look at sectoral performances suggests that metals have played a big role in pushing the […]

Cummins India is trading above its multi-year highs, and experts say the momentum can take it towards Rs 1,300, or 26 percent above the August 18 closing. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; […]

Weak global cues pushed benchmark indices lower on August 20. The S&P BSE Sensex declined 300 points to 55,329, while the Nifty50 ended 118 points down at 16,450. Asian shares extended losses on a strong dollar, which is sitting at a nine-month high, after the prospect of the Federal Reserve cutting back bond purchases spooked […]

Siddharth Mehta, founder and CIO of Bay Capital, an India-focused investment manager, says the key drivers over the next decade and beyond in the country will be democratisation of information and consumer preferences for greater online adoption. India’s internet economy could grow 10-fold in the next decade to $ 800 billion and significantly improve shareholder […]

The S&P BSE Sensex scaled Mount 56K while the Nifty50 crossed 16,700 levels on August 18. However, the late selloff points towards loss of momentum, at least in the near term. Experts advise investors to tread with caution as chances of profit-taking remain high, but the long-term trend still remains to be on the upside. […]

The immediate support for the Nifty is placed near 16,400 levels and the resistance is pegged near 16,700–16,750 levels ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; var url = ‘//www.moneycontrol.com/mccode/common/saveWatchlist.php’; $ .get( “//www.moneycontrol.com/mccode/common/rhsdata.html”, function( […]

Aster DM Healthcare rose over 7 percent to hit a 52-week high, United Spirits rallied nearly 10 percent and HDFC Bank pared gains to closed in the red on August 18 ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] […]

We’ve all read headlines claiming Indian equity markets are at all-time high and have given outstanding returns in the last 1 year. But when you compare it to the returns given by other geographies in the world, only then you realise what part of growth have you missed. For Indians, it is a new concept […]

Dr Lal Pathlabs that rose 4 percent and MindTree gained around 6 percent on August 18 to hit a fresh 52-week high ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; var url = ‘//www.moneycontrol.com/mccode/common/saveWatchlist.php’; $ […]

We expect Bank Nifty to move in a broad range between 36,000 and 35,500 levels. A decisive close above 36,000 is required for short covering in this index, said Ashish Kyal of wavesstrategy.com Bank Nifty Impulse Elliott wave pattern along with Open Interest is giving an amazing Trade Setup. In the chart below, we are […]

It’s been fast and furious. Four sessions is all that took the Sensex to zoom 1,000 points—the 30-pack index found 55,000 on August 13 and hit 56,000 intraday on August 18, with a weekend in between. This is the fastest 1,000-point rally of 2021. The Sensex moved from 50,000 to 51,000 in 10 sessions and […]

If you are planning to invest fresh money in the stock market – the words premium, overvalued, overbought or correction might cloud your decision. Well, you are not alone as most investors who plan to put in fresh money want to time the market. Rather than timing the market, spending time in the market creates […]

Tata Elxsi rose more than 7 percent, Apollo Hospitals 13 percent and Hikal over 2 percent on August 17 to hit a 52-week high as benchmarks indices scaled new peaks ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) […]

Naveen Chandramohan, founder and fund manager of ITUS Capital, said over the last 1.5 years (since March 2020), any portfolio constructed in the market would have generated between 80 percent and 140 percent returns (irrespective of how bad or sound the logic of construction was). But he feels these returns are not sustainable. He believes investors need to now […]

On the technical front, 16,800 could act as strong resistance for the Nifty while bias is likely to remain in favour of bulls in the upcoming sessions as well, said Shitij Gandhi of SMC Global ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); […]