Author: India

Indian markets touched new highs for the second day on August 4, supported by a smart rally in banking and financial stocks, with the Nifty hitting 16,290 and the Sensex 54,465 during the day. The Sensex closed 546 points higher at 54,369, while the Nifty50 rose 128 points to end at 16,258. On the sectoral […]

A day after Nifty50 climbed Mount 16K, the S&P BSE Sensex created history surpassing the crucial psychological level of 54000 in intraday trade to hit a fresh record high of 54440. It took the S&P BSE Sensex about 30 sessions to rise from 53K to 54K. The index hit 53000 in intraday trade on June 22 […]

Prospects of the index advancing by another 1,000 points will likely be gradual, with fears of another wave of COVID-19 infections Ajit_Mishra1 ‘); $ (‘#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’; $ […]

Abhishek Chinchalkar, CMT and Head of Education, FYERS, favours caution and agility as markets trade at record highs. He insists this is not the time to be complacent and investors have to be stock specific as the market has already factored in lots of positives. In an interview to Moneycontrol’s Kshitij Anand, Chinchalkar says lower […]

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 […]

Here’s what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today ‘); $ (‘#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( […]

The Nifty 50 hit a fresh record above the 16,100 mark on August 3 and while the road to 17,000 may be bumpy, a bull run could propel the index to 18,000 by December, experts said. Can the Nifty 50 hit 18,000 in about five months? History suggests it is possible. The journey from 13,000 […]

Indian markets created history as the Nifty not just scaled 16,000 for the first time on August 3 but also hit a record high of 16,146. The BSE Sensex also hit a fresh life high of 53,887 in intraday trade. The Sensex closed 873 points higher at 53,823, while the Nifty closed with gains of […]

A terrific Tuesday. Yes, after a stable Monday, Indian markets created history as the Nifty50 finally managed to go past 16,000, while the S&P BSE Sensex rallied more than 800 points to hit a fresh record high on August 3. During the day the Nifty hit 16,146 and the Sensex 53,887. Tracking the momentum, investors’ […]

The Nifty50 created history as it scaled Mount 16,000 on August 3, a milestone that may tempt investors to buy stocks that have done well but one should not get greedy at current levels, Shankar Sharma, co-founder, and vice-chairman, First Global, said in an interview to CNBC-Tv18. Sharma stressed on agility—don’t putting all your eggs […]

Nifty50 surpassed Mount 16K for the first time on August 3 which translates into an upside of over 14 percent so far in 2021. The index completed its 1000-point journey in about 6 months. Nifty50 hit 15000 for the first time on February 5 and since then has tried to surpass 16000 multiple times since […]

Mohit Ralhan, Managing Partner and Chief Investment Officer at TIW Private Equity said the successful IPO of Zomato has indicated the maturing of India’s startup ecosystem and is likely to open the floodgates for many more such IPOs of Indian unicorns. 2021 can be a new record year and 2022 is expected to be even […]

Representational image Another exciting week is in store for investors in the primary markets as four initial public offerings worth more than Rs 3,600 crore open for subscription on August 4 and close on August 6 – Devyani International, Windlas Biotech, Exxaro Tiles and Krsnaa Diagnostics. Devyani International, which operates KFC and Pizza Hut in […]

For IRCTC, any decline near Rs 2,300 levels would be a good opportunity to add the stock for a target of Rs 2,700 levels over the next few months, says Vikas Jain, Senior Research Analyst at Reliance Securities. ‘); $ (‘#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){ $ […]

Piyush Nagda, Head, Investment Products, Prabhudas Lilladher, thinks that China’s crackdown on internet companies may see the IPO traffic move from the US to Hong Kong. The surprise regulatory scrutiny has already seen five Chinese companies scrapping their plans for initial public offering in the US. Chinese companies have already raised close to $ 12.5 billion […]

Broader markets continue to outperform the headline indices, however, the move is getting stretched and both the indices are approaching their respective pattern resistance trendlines which suggest that the uptrend may pause or enter a minor corrective phase in the coming weeks. ‘); $ (‘#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 […]

Technical experts are of the view that the index is stuck in a range of 400-500 points, where 15,900-16,000 are acting as a stiff resistance and 15,450-15,500 as the crucial support. If a breakout takes place in the northward direction, we may not see any bigger move. If it is downwards, brace yourself for tougher […]

Jyoti Roy, DVP Equity Strategist at Angel Broking, says that many new-age tech companies that are coming out with their initial public offerings (IPOs) look expensive today as most are incurring losses at the moment, but may offer huge upside to investors over the next decade. Roy, who has over 10 years of experience, says the key […]

Rollover of Nifty stood at 82.76%, which is higher than its quarterly average of 76.06%. The high rollover figure is mainly due to the low base of open interest, says Kothari. Mehul Kothari, AVP – Technical Research at AnandRathi ‘); $ (‘#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){ […]

Last week was crucial for the global equity market due to the US Federal monetary policy meeting. Even though the Federal Open Market Committee (FOMC) was expected to maintain its super-easy money policy, the market started with a sharp sell-off as there were worries since it is expected to provide further insight over a possible slowdown in future liquidity measures. […]