Markets face challenging setup; focus on resilient stocks for safety
The over-deviated markets continued to extend their losses for the fourth week in a row. Over the past five days, barring a few feeble attempts to stage a technical rebound, the Nifty remained largely under sustained selling pressure. The markets extended their downsides while giving up key supports on the daily charts. The trading range…
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Nifty faces key levels; cautious approach advised for the week ahead
The week that went by was in complete contrast to the week before as the markets heavily consolidated in a tight range. In the week before this one, the Nifty had seen a significant retracement of over 1167 points; however, over the past five trading days, the index stayed totally devoid of any directional bias…
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Nifty Bank underperforms Nifty50, most sectoral peers. Should you still bet on financials?
While Nifty Bank has logged in double digit returns over the last 1 year, its performance against broader Nifty50 and its other sectoral peers remains subpar. With rising deposit cost and moderation in net interest margins (NIMs), experts remain wary of the pack, toning down their expectations from the sector that has the largest weight…
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NSE indices shakeup to trigger $633 million inflows for 5 PSU stocks
The NSE Indices Committee recently announced the September 2024 semi-annual reshuffle, affecting major indices such as the Nifty 50, Next 50, Nifty 100, and Nifty Bank. Effective September 30th, these adjustments are expected to significantly impact fund flows within the market. Two sectors, in particular, are poised for significant activity: retail and defense. In the…
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Nifty Bank Reshuffle: State-run Canara Bank makes entry while Bandhan Bank pushed out
PSU stock Canara Bank has entered the Nifty Bank index at the cost of Bandhan Bank as part of the semi-annual rejig. Canara Bank’s average free-float market capitalisation stood at Rs 38,973 crore over six months as against Bandhan Bank’s Rs 15,945 crore. With its inclusion, Canara Bank is expected to receive flows of $…
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