Has Friday the 13th spooked Nifty bulls ever? Let’s study history
When the Sensex fell over 1,200 points and Nifty cracked below the 24,200 level in the first half of the day before recovering all the losses later on, investors couldn’t help but draw parallels with how today’s dateline of Friday the 13th could have proved to be spooky for the stock market. While it’s tough…
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Sensex, Nifty tick higher after in-line US inflation data cements rate cut bets
Indian headline equity indices Sensex and Nifty50 opened marginally higher on Thursday, tracking other global peers, after in-line US inflation data reinforced expectations of a Federal Reserve rate cut next week. The BSE Sensex was trading 116 points, or 0.14%, higher at 81,642. The Nifty50 was up 13 points, or 0.07%, trading at 24,659 around…
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Midcap stocks drop 10% from highs, head for correction as growth outlook sours
A blistering rally in mid-cap stocks is on course to enter correction territory, as investors become increasingly concerned over slowing earnings growth and elevated valuations. The Nifty Midcap 100 tumbled as much as 2.9% Friday, extending its drop from recent high to more than 10% β the parameter for a so-called technical correction. Heavy selling…
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Bulls back in action as Sensex rises over 500 points; all eyes on inflation data, RIL, HCL Tech Q2
Indian equity indices, the Sensex and Nifty50, opened higher on Monday ahead of the domestic September inflation data due later in the day, with investors focusing on earnings reports from Reliance Industries and HCL Tech. The BSE Sensex rose 507 points, or 0.62%, to trade at 81,888.15, while the Nifty50 gained 143 points, or 0.57%,…
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No Monday Blues! GDP numbers propels Sensex, Nifty to fresh all-time highs
Benchmark Nifty50 opened at a fresh record high for the fourth consecutive session on Monday, driven by gains in IT and financial stocks. This follows data showing that the countryβs economic growth outperformed major economies despite a slowdown.The BSE Sensex was up 240 points, or 0.30%, trading at 82,598, while the Nifty50 rose by 75…
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Sensex, Nifty can fall up to 10% with bigger crash in smallcaps, warns Emkay
“We see the risk of an imminent 5-10% correction in the headline indices, with bigger drawdowns in small and midcap stocks. Nifty valuations are stretched at 21.4x 1YF PER, and a positive budget is now in the price. There are no additional positive catalysts, as we expect a tepid 1QFY25 earnings season with rate cuts…
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