BANDHAN BANK RALLIS INDIA HINDALCO
HDFC Bank leads financial sector rally, powering D-Street to all-time highs
The 30-stock S&P BSE Sensex reached a record high of 80,074.3 before closing the session at 79,987, up by 545 points or 0.69%. Meanwhile, the broader Nifty hit a peak of 24,309.15 before ending the day at 24,287, gaining 163 points or 0.67%.
Coal India, South Indian Bank among 17 deep value stock ideas from ICICI Securities
Domestic brokerage firm ICICI Securities has listed 17 stock ideas, categorizing them as deep value stocks, stating that the proportion of ‘investable value stocks within large-caps remained steady while the same has been diminishing to historical lows within mid and small-caps.
Shares of India Cements rally over 30% in one week as UltraTech deal impresses investors
India Cements' shares soared by 33% this week after UltraTech Cement acquired a 24% stake. The move pits UltraTech against competitors like Adani group in the quest for market share dominance, highlighting the ongoing consolidation in the cement industry.
ITC, Bharti Airtel’s weight may go up in Nifty rejig. $95 million passive inflows expected
ITC and Bharti Airtel’s weights in Nifty is expected to go up in the quarterly rejig which gets into effect on Thursday, triggering combined inflows of $95 million according to estimates by Nuvama.
Bulls March Ahead! Sensex, Nifty scale fresh highs led by gains in RIL, UltraTech
Within the blue-chip Nifty50 pack, UltraTech Cement was the top gainer with an upside of 2%. Other gainers were ICICI Bank, L&T, NTPC, LTIMindtree, and Bajaj Finance. On the other hand, stocks like Apollo Hospitals, Hindalco, M&M, and HDFC Bank came under selling pressure with losses of up to 1.6%.
Bandhan investors cautious ahead of leadership change
Analysts view the central bank move as administrative in nature to ensure a smooth leadership transition in the Kolkata-based lender, but concerns over Bandhan Bank's asset quality perhaps kept investors anxious.
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Nifty charts projecting 25,200 by December, says ICICI Securities. Top 94 stock picks
ICICI Securities' technical analysis forecasts Nifty reaching 25,200 by December 2024, supported strongly at 22,200. Midcaps and smallcaps indices are in a structural uptrend, expected to gain over 16% by year-end.
Hindalco, HUL, GAIL among 24 stock recommendations by Yes Securities
Yes Securities has mentioned 24 stocks across 8 sectors, including Hindalco, HUL, GAIL, in its conviction list, stating that the markets tend to perform well after the election results.
Nifty Bank rallies over 2,000 points to reclaim 49K; deploy buy-on-dips strategy: Experts
The Nifty Bank opened higher and built on gains throughout the trading session. It witnessed a mild profit taking near its intraday high but closed above 49,000. "The Bank Nifty index saw a sharp recovery from its 200-day moving average, closing above its rising trendline and 21-day EMA,” said Rupak De, Senior Technical Analyst, LKP Securities.
Are we headed for a sell-on-news market on June 4? Siddhartha Khemka explains
Siddhartha Khemka assesses Paytm's situation, noting the impact of RBI regulations on the banking business. He emphasizes the need for management changes and regulatory approvals for growth in the lending and distribution segments. Khemka also says that they have a buy rating on both Jindal Steel and JSW Steel and also have a positive view on Coal India as well as NMDC which are dependent on the overall metal pack.
GIFT Nifty down 60 points; here's the trading setup for today's session
"We expect this Positive momentum to continue on the back of an improving political environment, continued short covering by FIIs, and strong domestic macros. Sectors like Defence, Banking, and Railways are expected to remain in focus," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Metal stocks rally on China's realty stimulus, LME gains
Hindustan Zinc surged 20%, followed by Vedanta which gained 7.04%. Jindal Steel and Power and Hindalco moved up over 4%, while Tata Steel, JSW Steel, and Hindustan Copper rose over 3% each.
F&O Ban List: Biocon, Vodafone under trade ban on Tuesday
Traders who trade in indices do not encounter a situation of security ban.
Sensex surges 941 points: Here are 5 factors which unleashed the bulls
Domestic indices rose on Monday amid buying action in banks and easing crude oil prices and geopolitical tensions. Global markets also lent support to sentiments back home.
Are banking fortunes set to surge with PSU sector's strength? Vinit Bolinjkar answers
“The investment in metals has not kept pace with the implied demand and typically for any mining capacity to come onstream it takes 10 to 15 years.”
Is the stock market open for Eid-Ul-Fitr (Ramzan Id) tomorrow?
Equity markets BSE and NSE will remain closed for trading on Thursday on the account of Eid-Ul-Fitr (Ramzan Id). India's largest agri commodity exchange NCDEX will also be shut tomorrow, while MCX will be closed for the first session between 9 am and 5 pm and resume trading after 5 pm.
Metal stocks jump up to 11%; Hindustan Copper, Vedanta & others hit 52-week highs
Hindustan Copper soared 11% to hit its 52-week high of Rs 366.40 on the NSE. The stock traded amid significant volumes with over 4.80 crore shares changing hands on the NSE around 1:30 pm.
No reason to sell Wipro and no reason to buy Bandhan Bank now: Sandip Sabharwal
Sandip Sabharwal shares insights on Wipro's challenges and CEO transition, Bandhan Bank's CEO resignation, stock uncertainties, and cautious stock selection strategies amidst market volatility and overvaluation. He emphasizes the importance of informed decision-making in the current market environment. Sabharwal further says: "I would be neutral in metal stocks after this kind of rally."
Nifty on a roll, has 23,000 in its sights: Analysts
On weekly chart, Nifty has formed a “Doji” candlestick pattern that indicates indecisiveness among market participants on the direction of the market. If Nifty crosses and sustains above the level of 22,650, it would witness buying, leading the index towards 22,800-23,000 levels.
Nifty Bank rallies nearly 3% in a week; might hit fresh all-time high next week
Banking stocks rose steadily on Friday even though the RBI kept report rates unchanged and raised concerns over the possible rise in inflation.
YES Bank shares fall over 7% in two sessions on Goldman's downgrade
In its stock review note, the US-based brokerage said the Goldilocks period is over for the financial sector as it downgraded two other banks — State Bank of India (SBI) and ICICI Bank. But when it comes to HDFC Bank, it sees a 33% upside.
GIFT Nifty up 45 points; here's the trading setup for today's session
The rupee appreciated 11 paise to close at 82.85 against the US dollar on Thursday, tracking the broad weakness of the American currency in the overseas market.
GIFT Nifty up 20 points; here's the trading setup for today's session
"We expect market sentiment to strengthen further as the prospect of a pre-election rally is quite strong," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Heavyweights lag, but new leaders give wings to rally
Shares of some of India's best companies - HDFC Bank, Infosys, Asian Paints, Bajaj Finance, HDFC Life and Hindalco - among a dozen stocks on the 50-stock Nifty have declined in the last two years as the NSE's benchmark index returned over 28% during this period.
What to do with SJVN, RVNL and 4 other stocks? Aamar Deo of Angel One decodes
Aamar Deo Singh of Angel One says investors need to be cautious with fresh investments due to unappealing risk-reward ratio in many stocks. Nifty and Bank Nifty are consolidating, while India VIX levels remain stable. With the results season over, all eyes are on the US FOMC meeting minutes, slated to be released later this week. Top gainers include MRPL, Natco Pharma, and Aegis Logistics.
GIFT Nifty up 80 points; here's the trading setup for today's session
Foreign portfolio investors sold shares worth Rs 3,929 crore after three days of buying. DIIs were net buyers at Rs 2,897 crore on Wednesday.
Rebound in financials drives Sensex 483 points higher; investors gain Rs 1.93 lakh crore
From the Sensex pack, ICICI Bank, Axis Bank, Wipro, and Kotak Bank were the top gainers, rising over 2% each. While UltraTech Cement, M&M, Titan, Tata Motors, and Nestle India ended with cuts.
LIC ditched these 19 smallcap stocks in Q3. End of the party or just a jittery exit?
Among smallcaps, Kaveri Seed was LIC ownership reducing by about half to 2.66% in Q3. In MOIL, LIC stake fell from 7.42% to 5.46% quarter-on-quarter, shows ACE Equity data.
GIFT Nifty up 45 points; here's the trading setup for today's session
"Global cues are muted as most of the Asian markets are closed for this week on account of Lunar New Year holidays, which kept global investors on side-line. Overall we expect the market to consolidate with negative bias in the near term," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
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