Bullish breakout to take Nifty higher: Analysts
Technical indicators point to a bullish trend as the Nifty breaks out of a five-week consolidation, paving the way for an extended rally toward 25,200 in coming weeks, according to analysts. Stocks like Reliance, SBI, Infosys, L&T, Axis Bank, PFC, Titan, National Aluminium, Natco Pharma, MCX, CDSL, BSE, and Indian Hotels are poised for short-term…
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Dalal Street Week Ahead: Profit taking time? Nifty faces key hurdle after 3-week rally
The markets closed with gains for the third week in a row as the key indices posted gains while extending their technical rebound. The Nifty had a trending week; it trended higher most of the week. The volatility was largely absent, but the Indices stayed quite choppy on most days except the last day, where…
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SBI, NTPC among 53 PSU stocks to see retail holding go up in Q3CY24 vs Dec 2023 quarter
Retail holding in 53 stocks in the BSE PSU index has gone up in the 9 months ended September 30, 2024 versus the December 2023 quarter and in this, 33 public sector stocks have outperformed the Nifty on the year-to-date basis. As against 13% returns by S&P BSE Sensex in CY24 so far, the returns…
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RIL, IT stocks power Sensex 1,300 pts higher ahead of MPC outcome, Nifty tops 24,800
Indian headline equity indices scaled higher for the fifth consecutive day on Thursday, driven by gains in the index heavyweight Reliance Industries and IT stocks, with investors awaiting the Reserve Bank of India’s (RBI) rate decision on Friday. The BSE Sensex surged 1,300 points to trade above 82,200. Meanwhile, Nifty50 was above 24,800 level. TCS,…
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FMCGβs defensive image hit as stocks fall up to 21% in 3 months. Tata Cons, Marico among top 10 bets
FMCG’s reputation as a defensive sector has received some serious hammering with stocks falling by up to 21% in the last three months amid muted Q2FY25 earnings, nagging inflation and slowdown in demand. Experts recommend caution going ahead as they pick their top stocks to buy. At the index level, Nifty FMCG has declined nearly…
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Big movers on D-Street: What should investors do with ITC, Mazagon Dock and Sky Gold?
Extending the winning run to the third straight day, benchmark Sensex jumped 597 points on Tuesday on buying in blue-chip stocks and firm trends in global markets. Stocks that were in focus include names like Sky Gold, which rose 5% and Mazagon Dock, which gained 3.36% and ITC, whose shares declined 1% on Tuesday. Here’s…
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Sensex jumps 600 pts, Nifty above 24,450; metal and financial stocks lead
Indian benchmark equity indices opened marginally higher for the third consecutive session on Tuesday, following gains from Asian markets. The rise was driven by metal and financial stocks, with comments from key US Federal Reserve officials raising expectations of a 25 basis-point rate cut later in the month. By 1:52 pm, the BSE Sensex was…
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Q2 GDP shocker: Will stock market dance to the tunes of macro worries?
If the Q2 earnings season, the worst since June 2020, was not enough, stock market investors are now dealing with another headache after the Q2 GDP growth of 5.4% was at its lowest in the last seven quarters. With Sensex and Nifty already down 7-8% from their peaks amid record-breaking pullout by FIIs, brokerages are…
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Ahead of Market: 10 things that will decide stock market action on Monday
The Indian stock market ended in green on Friday, lifted by buying in heavyweights Bharti Airtel, Reliance Industries and pharma stocks, with the Nifty index closing about 1% higher this week. The benchmark S&P BSE Sensex gained 759.05 points or 0.96% to settle at 79,802.79, while the broader Nifty 50 index closed at 24,131.10, higher…
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Sensex surges over 750 points, Nifty reclaims 24,100 as bulls attempt a comeback
Indian benchmark equity indices rebounded sharply on Friday after their steepest drop in nearly two months during the previous session, as traders adjusted their positions for the monthly derivatives expiry. The BSE Sensex was trading 770 points, or 0.97%, higher at 79,814. The Nifty50 was up 217 points, or 0.91%, trading at 24,131 around 11:05…
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