Author: India

Technical experts advise short-term traders to start taking some money off the table if the Nifty reaches 16,400-16,500 because prices are moving away from some key averages on the quarterly charts ‘); $ (‘#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’] […]

Prasun Gajri – Chief Investment Officer, HDFC Life, said that after a strong FY21, earnings for FY22 have begun on a healthy note. Q1FY22 earnings are more or less in line with expectations. An IIM Ahmedabad alumnus, Gajri has over 14 years of experience in the investments and banking industry. In the past, he has […]

Binod Modi, Head Strategy at Reliance Securities, said that premium valuations of the market are likely to sustain due to various tailwinds, broad indices might see a limited gain in the medium-term considering emerging concerns from a possible reversal of soft monetary policy stance of global central bankers and high inflation. In an interview to […]

“We’ve really made the money out of high-quality businesses. In some cases, we bought the whole business. And in some cases, we just bought a big block of stock. But when you analyze what happened, the big money’s been made in the high-quality businesses. And most of the other people who’ve made a lot of […]

Last week, India started on top gear tracking the confident global sentiments and the newfound energetic domestic economy. All domestic economy indicators like sales volumes in the realty & auto sector, data like PMI, GST, corporate earnings, and exports suggested a strong recovery in the domestic market. This reduced the risk of a second wave impact […]

Nirali Shah, Head of Equity Research, Samco Securities, said that the current IPO euphoria is nothing short of a Diwali celebration of IPOs and the mania doesn’t end here. In an interview to Moneycontrol’s Kshitij Anand, Shah said that companies are getting listed left right and centre and listing gains is entirely dependent on the […]

The Indian market consolidated on August 6 after hitting fresh highs for three consecutive sessions but the Nifty still managed to close above 16,200. Muted Asian markets and hints of a possible tightening of the policy from the central bank led to a knee-jerk reaction. The Reserve Bank of India held the repo rate steady […]

Rajesh Cheruvu, Chief Investment Officer at Validus Wealth advises investors to invest in a gradual or staggered manner to increase equity allocation as equity valuations are ahead of their fundamentals owing to the signs of growth recovery, government spending and healthy demand outlook from rural economy, and it is very difficult to call the market […]

Naveen Kulkarni, Chief Investment Officer, Axis Securities, said that the IPO market is seeing a degree of exuberance which is exciting but also making the old-time investment community nervous also. Kulkarni has more than 15 years of experience in the financial services industry and specialises in fixed income markets, intermediation, origination and distribution. Before joining […]

Stocks that were in focus include Tech Mahindra, which rose over 2 percent to hit a 52-week high, HCL Technologies (gained nearly 2 percent), and Sonata Software that gave up gains after hitting 52-week but closed 0.6 percent higher on Thursday ‘); $ (‘#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’] […]

Technical indicators also suggest the uptrend in small & midcap space but in the near term, broader markets may witness minor correction or consolation as we can see some profit booking in the particular segment, says Nigam. ‘); $ (‘#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”); […]

Bulls managed to push the index back in the green and to fresh record highs on Thursday even though benchmark indices started on a muted note. The market hit fresh record highs for the third day in a row. The S&P BSE Sensex hit a fresh high of 54,717 and the Nifty50 rose to 16,349. […]

Mayur Patel, principal fund manager – listed equities, at IIFL Asset Management, said Zomato’s successful initial public offering may be the first of many from the new-generation digital business segment. Over the next few years, there could be IPOs from companies in fintech, foodtech, edtech, ecommerce, mobility, gaming and media, Patel told Moneycontrol’s Sunil Shankar […]

Going ahead, pharma, banks and auto sectors are expected to perform well in the small and midcap space, said Rahul Sharma of Equity99. ‘); $ (‘#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’; […]

While the view remains positive, experts suggest looking for stock-specific opportunities, especially in the broader market ‘); $ (‘#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( data ) { […]

Stocks that were in focus include ICICI Bank which closed with gains of over 3 percent, and State Bank of India, that rose by about 2 percent on August 4. ‘); $ (‘#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) […]

Nirali Shah, Head of Equity Research, Samco Securities, said that the Nifty Smallcap index is trading at a premium to Nifty and valuations of the Nifty Midcap index are at par with Nifty. In an interview to Moneycontrol’s Kshitij Anand, Shah said that as smallcap trade at a premium to Nifty, this should set alarm […]

Chockalingam Narayanan, Head-Equities, BNP Paribas Mutual Fund, follows the BMV (Business, Management, Valuation) philosophy for investment that focuses on businesses that grow at a rate higher than the economy and industry it operates in. Narayanan, who has over 14 years of experience, says that one has to be very careful at this stage of the market […]

Dhananjay Sinha, MD & Chief – Strategist at JM Financial Institutional Securities, does not expect the third wave of COVID-19 to have a significant impact on the markets. According to him, quantitative easing in the US poses a bigger threat to the Indian markets, but the impact may not be significant. In an interview with Moneycontrol’s Sunil […]