Category: Market Outlook

Markets ended flat after a volatile session on July 12 even as broader markets continued to outperform the benchmark indices ‘); $ (‘#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”, […]

The benchmark indices hit a record high in June and since then both the Nifty 50 and the Sensex have been consolidating in a narrow range. The Nifty 50 is just a little over 1 percent away from hitting a fresh high above 15,915 and investors who are risk-averse can look at taking out some […]

Aashish Somaiyaa of White Oak Capital says that the midcap segment is ripe with opportunities to generate alpha amid greater inefficiencies that exist in this area. Somaiyaa is a market veteran of over 20 years. Since 2020, he has been serving as the CEO at White Oak Capital which currently manages over $ 2.2 billion in AUM. Edited […]

Food-delivery startup Zomato is a day away from launching its Rs 9,375-crore initial public offering, which has generated a great deal of interest and debate over its valuation. Given the kind of business model, predicting the growth trajectory is a little tricky, says Hemang Jani, Head Equity Strategist, Broking & Distribution, Motilal Oswal Financial Services. In […]

Indian markets closed mixed after a volatile trading session on July 13 as the Nifty failed to hold on to 15,700 while the Sensex closed 13 points lower at 52,372. The Nifty50 closed three points higher at 15,692. Sectorally, buying interest was seen in Realty, consumer discretionary, banks, and consumer durable stocks, while profit-booking was seen […]

Experts noted that the formation of the bullish Flag pattern in the charts of Eris Lifesciences offers a fresh opportunity to enter the stock on dips. Eris Lifesciences Ltd. ‘); $ (‘#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) { […]

Net Sales are expected to increase by 140.1 percent Y-o-Y (down 14 percent Q-o-Q) to Rs. 7,394 crore, according to ICICI Direct. icicidirect.com July 12, 2021 / 02:48 PM IST Bajaj-Auto ‘); $ (‘#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’] […]

Zomato IPO: Key questions answered If the food tastes good, then you don’t mind paying extra, right? Well, something similar could be said about the much-awaited and talked-about initial public offering of Zomato, which is open for subscription from July 14 to July 16. The Rs 9,375 crore share sale comprises a fresh issue of […]

Prasanna Pathak, Head of Equity, Taurus Mutual Fund says the market may continue to grind sideways or upwards for longer even though the general consensus among market participants expects it to correct at least 10-15% from current levels. Pathak is a market veteran of over 17 years. In an interview with Moneycontrol’s Kshitij Anand, he said IT, pharma and chemical stocks are […]

If we look at the key oscillators, and trend strength indicators, they are yet to quote above the overbought thresholds which make the dips lucrative for buying, says Uttekar. Sacchitanand Uttekar, DVP – Technical (Equity), Tradebulls 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){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

For the index to move higher now, a close above 16,000 is required, say experts. Though multiple attempts to breach the 16,000-mark have failed, what bodes well for the market is that there has not been any brutal correction so far, they say. ‘); $ (‘#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”); […]

At 7 billion, Zomato IPO values the company at 30 percent premium to its last round of funding. Hence, it may not deliver bumper listing gains, says Pranav Kshatriya, VP, Institutional Equities, Edelweiss Securities, said in an interview with Moneycontrol’s Kshitij Anand. Edited excerpts: Q) The much-talked-about food delivery IPO will hit the Street next week. The Rs […]

On the downside, we would turn cautious if prices break below 15640-15680 decisively. In that case, we can expect 15440 levels, which coincided with the Feb 2021 peak, says Jain ‘); $ (‘#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) […]

Source: Reuters The National Stock Exchange on July 6 sought the reason for placing an order for certain Nifty futures trades at a significantly higher rate than the prevailing price. The exchange has received some inquiries about certain Nifty futures trades that were higher than the prevailing price on July 5, 2021. The country’s leading […]

Domestic indices started with a gap-up maintaining the ascendancy of last week, from the strong mutual fund (MF) & retail inflows. Weak domestic data like contraction in manufacturing & service PMI had no negative impression on the Indian market that is focusing on the future benefit from unlocking. Initially, India was decoupling despite the mixed […]

Avenue Supermarts added 4 stores during June 2021 quarter, taking the total count of stores to 238. ‘); $ (‘#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 ) […]

Key things to watch out for will be store addition rate, and gross margin trend, said IDBI Capital. ‘); $ (‘#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 […]

The short-term trend still remains buy on dips till the time the swing low of 15450 stays untouched. However, the upside from here too won’t be that easy since the volatility index VIX is trading near its bottom. Mehul Kothari, AVP – Technical Research at AnandRathi ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

Being a two player market (Zomato & Swiggy) with a similar market share, the opportunity for Zomato to grow the market and revenues are huge, Jitesh Ranawat – Head Institutional Sales at Marwadi Shares and Finance Ltd., said in an interview with Moneycontrol’s Kshitij Anand. Edited excerpts: Q) The much-talked-about food delivery IPO will hit […]

Indian market witnessed a volatile week largely weighed down by weak global cues that led to benchmark indices slipping below crucial support levels, but small & midcaps outperformed. The S&P BSE Sensex closed below 53000 while the Nifty50 fell below 15800-15700 levels. On the weekly basis, the S&P BSE Sensex was down 0.19 percent while […]