Saturday, November 28

Tag: markets

FO expiry week eyed, 10 short-term trading ideas that can give 7-18% return
Stock, Trading Tips

FO expiry week eyed, 10 short-term trading ideas that can give 7-18% return

The Indian market recouped losses and closed more than 1 percent higher for the week ended October 23, with the S&P BSE Sensex reclaiming 40,000 and the Nifty closing above 11,900.The Nifty50 rose 1.4 percent while the Sensex gained 1.7 percent for the week compared to a 2.4 percent rally in the S&P BSE midcap index and a 2.35 percent in the smallcap index during the period.The market is likely to remain volatile as we step into the F&O expiry week and in the run-up to US elections. FIIs have been net buyers, so far, and that will help sentiment.Experts, however, have called for caution as selling pressure can come in at higher levels, though the recent earnings from India Inc have been strong and the companies sound optimistic about the future, which is a po...
Trade Spotlight: Britannia, Oberoi Realty and HCL Technologies are in focus
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Trade Spotlight: Britannia, Oberoi Realty and HCL Technologies are in focus

Indian market rallied for the third consecutive day in a row on October 20 following a positive trend in global markets. The S&P BSE Sensex rallied by more than 100 points while the Nifty50 closed just a shade below 11,900 levels.Let’s look at the final tally on D-Street – the S&P BSE Sensex rose 112 points to 40,544 while the Nifty50 gained 23 points to close at 11,896.Stocks like Britannia Industries which fell nearly 6 percent, Oberoi Realty was up nearly 20 percent, and HCL Technologies closed with gains of more than 4 percent on Tuesday were some of the stocks in focus.We have collated views of experts on what investors should do when the market resumes trading on Wednesday, 21 October:This counter appears to be in a multi-month consolidation phase after registering...
Nifty Midcap 100 index likely to scale to 18,500 by December-end: Rajeev Srivastava
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Nifty Midcap 100 index likely to scale to 18,500 by December-end: Rajeev Srivastava

The broader market will continue to outperform as valuations are trading near the long-term averages on PE multiples and P/BV multiples and the Nifty Midcap 100 index can scale 18,500 levels by the end of the calendar year, Rajeev Srivastava, Chief Business Officer at Reliance Securities, said in an interview to Moneycontrol’s Kshitij Anand. Edited excerpts:Q) The week gone by was controlled by the bulls as the Nifty climbed above 11,900. What led to the price action on D-Street? A) The Nifty50 continued to face resistance near the 12,000 level and witnessed a pullback with some corrective action. This led to some sector rotation among the sectors, keeping the broader markets upbeat with positive momentum in midcaps and small caps.The Nifty50 gained by 1.4 percent ...
Can have stocks from home building, cement, gas and financials in portfolio
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Can have stocks from home building, cement, gas and financials in portfolio

Given the US presidential elections, Harish Krishnan of Kotak expects the volatility could spike up in the short term, but feels in the long term, it is depend upon companies' adaptability to changing business dynamics post elections.Generally, as an EVP & Fund Manager (Equity) at Kotak Mahindra Asset Management Company, he prefers to maintain discipline of investing in good quality companies rather than predicting short-term market movements.He is positive on some sectors, such as home building, cement, gas sector, companies that are beneficiaries of financialisation of savings, auto & auto ancillaries, etc.In an interaction with Moneycontrol's Sunil Shankar Matkar, he talks about the stock market, September quarter earnings and the impact of US elections on Ind...
Small midcaps can outperform Nifty in the run-up to Diwali: Gaurav Ratnaparkhi
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Small midcaps can outperform Nifty in the run-up to Diwali: Gaurav Ratnaparkhi

The overall structure shows that small and midcap indices are set to catch up on the upside. So, the broader market is likely to outperform the benchmark index in the run-up to Diwali, Gaurav Ratnaparkhi, Senior Technical Analyst, Sharekhan by BNP Paribas, says in an interview to Moneycontrol’s Kshitij Anand.Q) The week was controlled by the bulls as the Nifty managed to climb above 11,900. What led to the price action on D-Street? A) The Nifty50 posted a positive weekly close for the week gone by. However, it traded in a narrow range and formed an ‘Inside Bar’ pattern on the weekly chart.After the sharp run-up seen in the last week of September and the first week of October, the index entered a consolidation mode for the last few sessions.In terms of the price patterns, th...
Trade Spotlight: ACC, Newgen Software, Ester Industries in focus
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Trade Spotlight: ACC, Newgen Software, Ester Industries in focus

Indian market rallied for the fourth consecutive day in a row on Wednesday pushing Nifty50 above 11,900 levels.Let’s look at the final tally on Wednesday - Sensex ended at 40,707.31, with a gain of 163 points or 0.40 percent while Nifty settled 41 points, or 0.34 percent higher at 11,937.65.Among the sectoral indices, BSE Realty surged 4.39 percent while Telecom and Metal rose 2.52 percent and 2.26 percent, respectively.ACC which hit a fresh 52-week high closed with gains of over 2 percent, Newgen Software rallied more than 9 percent to a new 52-week high of Rs 269 and Ester Industries was locked in upper circuit of 20 percent on Wednesday.We have collated views of experts on what investors should do when the market resumes trading on Thursday, 22 October:Expert: Ashish Chatur...
#39;Cherry pick from these 5 sectors for multibagger returns; see exemplary earnings growth in 1HFY22#39;
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#39;Cherry pick from these 5 sectors for multibagger returns; see exemplary earnings growth in 1HFY22#39;

Amit Jain feels the more domestic liquidity & trading activity have brought the Nifty back to 12,000 mark, which was primarily led by Reliance Industries & IT sector stocks.The Co-founder of Ashika Wealth believes if FIIs increase their allocation, there could be much broader market rally across all sectors. Also, in 2nd half, there could be much better corporate earnings, hence the market may have further reasons to cheer up.In his last interview in April 2020, he had advised investing in the IT, affordable automobile & Pharma sector. But now these sectors have already generated returns of 40 percent to 80 percent, hence it is time to rebalance, he said.Edited excerpts:Q: What should be a plan for investments if a person with age of 25 and 30, wants to make a Rs 1 c...
These 21 stocks turned multibaggers in just 6 months; time to book profit or stay put?
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These 21 stocks turned multibaggers in just 6 months; time to book profit or stay put?

Benchmark indices rallied by about 30 percent each during the March 31-September 30 period helped by strong global liquidity and expectations of normalcy returning to life as India moved from complete lockdown to ‘unlock’ phase in the economy.The rally was more stock-specific. There were 21 stocks that more than doubled investor wealth in these six months. These stocks have a market-cap of more than Rs 1,000 crore.The list of multibagger stocks include Coforge, RIL, Mphasis, Vaibhav Global, Dixon Technologies, Astec Lifesciences, Affle India, Neuland Laboratories and Dixon Technologies.“A strong rally of small & midcap is very much on the cards if backed by the sustained economic recovery. Only two stocks we cover from this list are APL Apollo Tubes, on which we ha...
After The Bell: Nifty breaks 4-day winning streak; here is what should investors do on Friday?
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After The Bell: Nifty breaks 4-day winning streak; here is what should investors do on Friday?

The Indian market snapped its four-day winning streak as bears took control of D-Street, following a muted trend in global markets. The Sensex fell by about 150 points to 40,558 and the Nifty failed to hold on to 11,900 levels.Sectorally, the action was seen in telecom, power, capital goods, and oil & gas, while profit-taking was visible in IT, banks, healthcare and finance.Experts feel the volatility in the market is likely to continue in the run-up to US elections. They advise traders to track crucial support levels in case the index starts to drift southwards.Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities, said the strategy should be to buy Nifty if it crosses 11,950 levels. "In that case, Nifty could move up to 12,050 or 12,100 le...
Nifty has a fair chance of hitting record high if US presidential elections go well: Deepak Jasani
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Nifty has a fair chance of hitting record high if US presidential elections go well: Deepak Jasani

All in all Q2 results will be better and this is partly discounted in the prices. If the recovery as seen by the results and commentaries is much better-than-expected, then the results could set the direction of Nifty for the near future, said Deepak Jasani, Head of Retail Research at HDFC Securities, in interaction with Moneycontrol's Sunil Shankar Matkar.Edited excerpts:Q) The market has gradually been inching higher amid volatility and consolidation. Do you think the Nifty will hit record high by December-end?A) Going by the current momentum, Nifty could keep inching upwards. A new high for the Nifty is barely 5 percent away. Though it seems very much achievable, the underperforming sectors like Oil & Gas, PSU, Capital Goods etc will have to start performing for t...