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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After falling for 4 weeks, a pullback is possible in Nifty. Hereβs why
The recent downturn in the Nifty 50 has raised concerns amongst market participants. Historically, the Nifty has shown a pattern of retracing to its moving averages before resuming its uptrend. However, we are currently witnessing a more pronounced decline, with the index dropping below its 100-day moving average. This has prompted questions about whether the…
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Big movers on D-Street: What should investors do with ITC, ACC and Adani Wilmar?
Benchmark indices Sensex and Nifty edged lower on Thursday, extending their losing run to the fourth straight day on disappointing earnings and unabated FII outflows Stocks that were in focus include names like ITC, which fell 2%, ACC, which rose 0.2%, and Adani Wilmar, whose shares jumped nearly 6% on Thursday. Here’s what Ameya Ranadive…
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F&O Radar| Deploy Bear Put Spread in Nifty to gain from bearish stance, market volatility
The Nifty Index opened flattish on Tuesday but bears were in full control right from the beginning of the session. The selling intensity increased in the second half and the index broke 24,450 zones. It formed a bearish candle on a daily frame and closed below 24,500 zones with losses of around 310 points. βNow,…
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Sensex jumps over 150 points, Nifty tops 24,826; banks lead gains
Indian benchmark equity indices Sensex and Nifty50 opened marginally higher on Tuesday, amid weak global cues, driven by gains in index heavyweights ICICI Bank, Infosys, and Reliance Industries. The BSE Sensex rose 171 points, or 0.21%, to 81,323, while the Nifty50 gained 45 points, or 0.18%, trading at 24,826 at around 9:19 am. From the…
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Sector rotation in focus: Where to find opportunities in a sideways market
The markets closed on a negative note for the third week in a row. Over the past five sessions, the Nifty remained largely on a declining trajectory, except for the last trading day where it saw some relief rally from the lower levels. Following a strong weekly decline of 1167 points two weeks ago, the…
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AIF Tracker: Category II debt funds gave 10% returns to crorepati investors in September 2024
Over 30% of the alternative investment funds (AIFs), which are investment funds pooling money from investors for assets beyond conventional stocks, bonds, and cash, surpassed the benchmark index (Nifty50) in performance in September 2024. Data tracked by PMSBazaar.com showed that 38 AIF funds across categories have risen more than 2.3% in September 2024 compared to…
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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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This Nifty stock with most number of bonus issues may reward investors again
IT services company Wipro will consider issuing bonus shares to investors when its board will meet to approve second quarter results. If declared, this will be the 14th time the Bengaluru-based company will be handing out bonus shares to investors, which is the highest for any Nifty company. Wipro first issued bonus shares to investors…
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Block deals worth over Rs 16,400 crore this week. DMart, HDFC Bank among stocks with major action
While Nifty ended with a week-on-week decline of 0.20%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 16,445 crore on screen which included both buying and selling action. In the large cap segment, 15 companies witnessed significant block deals on…
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