With Sensex rallying 3,000 points in the previous two trading sessions amid optimism surrounding the outcome of the Maharashtra elections, there are over 40 stocks on which brokerages are betting on to capitalise on market recovery, driven by improving valuations, robust domestic flows, and hopes of capex revival. With Nifty being down around 8% from…
READ MOREIndian stock markets showed signs of recovery last week, with the broader indices bouncing in Friday’s session to end the week on a positive note. However, bearish sentiment emerged from alleged fraudulent activities involving the Adani Group, and the negative flow of the FII in the cash segment with second-quarter corporate profits fell short of…
READ MORE“The RSI has entered a bullish crossover near the oversold zone, suggesting positive momentum. The sentiment appears favorable for a meaningful rally in the short term, as long as the index stays above 23,600. Immediate resistance is seen at 23,960β24,000. A decisive move above 24,000 could trigger a rally toward 24,500. On the downside, supports…
READ MOREIndia’s benchmark Nifty snapped its seven-day losing streak on Tuesday, with some relief buying visible after frontline indices plunged 10% since the 26,000-plus record highs reached toward the end of September. However, gains achieved through the first-half of the day were largely erased in the last hour of trading due to escalation of tensions between…
READ MOREIndian markets have corrected over 10% from their late-September highs, and while there are mixed opinions on the likelihood of a rebound, a select few small-cap stocks have defied the negative trend, delivering impressive returns to investors over the past two months. Around 29 stocks in the smallcap space gained 25% or more at a…
READ MOREDomestic markets are in a correction phase with benchmark indices, Nifty and Sensex, falling around 10% from the peak. The weakness in second quarter results and sustained outflow of foreign funds weighed on the sentiments. During the week, as many as 103 smallcap stocks have delivered double-digit negative weekly returns with four of them falling…
READ MOREIndian benchmark equity indices Sensex and Nifty50 opened marginally higher on Thursday, led by index heavyweights HDFC Bank, RIL, and IT stocks, amid in-line US inflation data boosted expectations of a Federal Reserve rate cut in December. The BSE Sensex was trading 111 points, or 0.14%, higher at 77,801. The Nifty50 was up 32 points,…
READ MOREOptimism surrounding Donald Trumpβs victory in the US elections fizzled out soon as Nifty ended the week 0.2% down and outperformed most global markets amid concerns around slowing macro and weak Q2 earnings. IT stocks rallied post-US election results, lifting the Nifty IT index by 4%. Conversely, the high-beta Nifty Realty Index fell by 4%….
READ MOREAs the markets were trying to digest the impact of a Trump presidency from next year, the US Federal Reserve went ahead with a 25 basis point rate cut as expected. While Nasdaq ended 1.5% higher, Sensex and Nifty were still looking for a direction amid consistent FII outflows and worries related to a sluggish…
READ MOREThe initial market euphoria surrounding Donald Trump’s victory in the US election fizzled out quickly on Thursday, as investors realized that a Republican sweep could have both positive and negative implications for Indian stock markets. The Sensex gave up all the gains made in the previous session, falling by over 900 points, while the Nifty…
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