DIPS
Price rise takes sheen off gold, Q1 demand dips 15%
In the April-June quarter, India's demand for gold dropped by up to 15% compared to the previous year, largely due to soaring prices deterring consumers. With fewer auspicious wedding dates in July, jewellery sales haven't seen a significant uptick, although some regions experienced sporadic increases during the Rath Yatra festival. Gold prices have risen sharply to around ₹73,000 per 10 gm, up 15% from the beginning of 2024. Jewellers are cautiously optimistic, expecting a potential revival in demand during the upcoming festive season and noting a shift towards investment in gold amid subdued jewellery purchases.
Expect market to consolidate; be a buyer on dips: Surendra Goyal
So, it is a lot domestic in nature and that is what in our view is driving the markets more. And even from a flow perspective, it has been all about domestic flows and not as much about foreign flows so far this year.
Buy stocks in every dip: A cheat sheet to find right stocks from the right sectors
CA Rudramurthy BV shares insights on the market, highlighting opportunities in IT, pharma, and FMCG sectors. He recommends caution with PSUs and emphasizes stock-specific investments. Bajaj Finance and Manappuram show potential for gains with tight stop losses. Rudramurthy says "we are in the mother-of-all-bull market and this market, both magnitude-wise and time-wise, will surprise on the upside and it is a buy-on-every-dip market."
India's forex reserves dip by $1.71 bn to $652 bn
India's foreign exchange reserves decreased by $1.71 billion to reach $652 billion as of June 28, according to data released by the Reserve Bank of India (RBI). The previous week had seen an increase in reserves by $816 million to $653.7 billion as of June 21.
Should investors buy the dip in brokerage stocks? Deepak Shenoy answers
But there is a headwind there because SBI did a lot of unsecured lending as well. But therefore, of the public sector bank, Indian Bank looks better. We have a bunch of private banks in our portfolio. So, a little bias there.
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Royal Enfield sales dip 5% in June
"We remain steadfast on our long-term plans and are making considerable progress towards the same. This year will be an exciting one for Royal Enfield, as we have several new launches planned that will significantly strengthen our product portfolio," Royal Enfield CEO B Govindarajan said. This month, a highly anticipated roadster - the Guerrilla 450 - will be launched across the world and the company is excited about the possibilities it will unlock in the middle-weight category
Discover eight delicious dips from around the world
Made from ripe avocados, lime juice, tomatoes, onions, cilantro, and salt, this creamy dip is perfect with tortilla chips or as a topping for various dishes.
Tata Motors domestic sales dip 8 pc in June
Tata Motors reported an 8% decline in total domestic wholesales to 74,147 units in June, with passenger vehicle sales at 43,624 units. The company anticipates a demand recovery with a strong enquiry pipeline and the upcoming festive season in August. Focus remains on the SUV portfolio, especially Punch and Nexon models, as the industry prepares for growth.
Audi India sales dip 6 pc in June quarter
Audi India on Monday reported a 6 per cent dip in retail sales at 1,431 units during the April-June quarter this year. The German luxury carmaker had sold 1,524 units in the year-ago period. "While the supply situation in Q2 2024 has improved compared to Q1 2024; it still played a limiting factor on our sales performance," Audi India Head Balbir Singh Dhillon said in a statement.
Buy on dips as Nifty & Bank Nifty look bullish; 3 stocks to bet on: Rajesh Palviya
The July series remains strong with Nifty target at 24,400. Bank Nifty is supported at 52,000. Rajesh Palviya has advised a buy-on-dip strategy. if Bank Nifty crosses the 52,600 mark, then this rally can extend further towards 53,400 to 53,600 also. So, both indices are looking bullish at this moment. Nifty Realty is in consolidation mode. Potential downside for Nifty Realty. Godrej Realty is showing strength.
Stock Radar: Why VRL Logistics is a good buy on dips stock in the runup to final Budget: Kiran Jani
VRL Logistics Ltd, a significant player in the logistics sector, faced a 36% wealth destruction in 6 months, dropping from around Rs 800 to approximately Rs 510 in June 2024.
Expect commercial vehicle volumes to witness 4-7 pc dip this fiscal: ICRA
Hit by a high base of last year and weakness in demand, the domestic commercial vehicle industry is expected to witness a dip of 4-7 per cent in wholesale volumes in the current fiscal as compared to FY23, rating agency Icra said on Friday.
Buy-the-dip didn't work for mutual fund investors on election result day due to 'tech glitch'
Mutual fund investors faced disappointment as a technical glitch led to delayed NAV allotment amid a stock market crash. Many investors demanded compensation for losses incurred due to the glitch.
Stock Radar: Over 200% rally in a year! This multibagger Adani group company is a good buy-on-dips stock; here’s why
The power stock rose from Rs 255 in June 2023 to Rs 874 in June 2024, showing an upside of over 240% in a year. It has been gaining momentum in the past few months, rising over 13% in a week, more than 30% in a month and over 40% in the last 3 months.
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.
Stock Radar: Over 200% rally in a year! This multibagger Adani group company is a good buy-on-dips stock; here’s why
The power stock rose from Rs 255 in June 2023 to Rs 874 in June 2024, showing an upside of over 240% in a year. It has been gaining momentum in the past few months, rising over 13% in a week, more than 30% in a month and over 40% in the last 3 months.
Thematic focus on infra, renewables and real estate likely to continue: Harsh Gupta Madhusudan
Chinese valuations are roughly half of India's, but Chinese earnings growth is also significantly lower. The China trade is more tactical and opportunistic.
Maruti Suzuki sales drop 2 pc to 1.75 lakh units in May
Maruti Suzuki India reported a 2% year-on-year decline in total wholesales to 1,74,551 units in May 2024, down from 1,78,083 units last year. Domestic passenger vehicle sales rose slightly to 1,44,002 units. Sales of mini and compact cars decreased, while utility vehicle sales increased. Exports fell to 17,367 units from 26,477 units.
MG Motor sales dip 5 pc in May at 4,769 units
MG Motor India's wholesale figures for May showed a 5% decline at 4,769 units compared to the same period last year when it dispatched 5,006 units. The company highlighted positive interest in its electric vehicles (EVs), which accounted for 36% of total monthly sales, maintaining a significant contribution in May 2024.
Northwest, Central India's temperatures to reduce a tad, but not enough to wave heat a goodbye
The India Meteorological Department (IMD) reported that maximum temperatures in Northwest and Central India will decrease by 2-4°C over the next five days. This follows weeks of severe heat wave conditions, with Delhi hitting a record high of 52.9°C. Meanwhile, temperatures in Maharashtra and South Peninsular India are expected to rise by 2-3°C over the next three days.
Inox Wind shares dip 18% in last 2 days. What’s wrong?
Following the sale of a 5% stake by the promoter entity, shares of the high-performing stock Inox Wind experienced an 18% decline over the last two days, reaching the day's low of Rs 134 on the BSE on Wednesday.
Nifty Bank holds 49000; experts suggest buy-on-dips strategy
Nifty Bank fell on profit booking at higher levels. The index fell 139 points to close at 49,142. Though it opened higher and quickly touched 49,500, the momentum fizzled owing to selling pressure. HDFC Bank, AU Small Finance Bank and Bandhan Bank gained.
PGCIL's Q4 net profit dips 3.6%
The total transmission assets of the company and its subsidiaries stood at 1,77,699 circuit km of transmission lines, 278 substations and 5,27,446 MVA of transformation capacity.
Power Grid Corporation Q4 Results: Net profit dips marginally to Rs 4,166 cr
State-owned Power Grid Corporation on Wednesday reported a nearly four per cent dip in its consolidated net profit to Rs 4,166.33 crore in the March 2024 quarter, mainly due to a marginal decline in income. The company reported a consolidated net profit of Rs 4,322.87 crore in the quarter ended on March 31, 2023, a BSE filing showed.
Why is the stock market open today? Timing, what to expect and key things to know
Equity cash and derivative markets will hold special trading sessions on Saturday, marking the third occurrence of such Saturday sessions this year. Previous instances took place in January and March.
L&T, SBI and M&M are top pickings. Dharmesh Shah explains why
Dharmesh Shah says by the dip should be the strategy and going forward, 22,500 has been acting as a stiff resistance for the Nifty for a long time. We believe the market should surpass this level of 22,500 and we should be challenging the life-high in the next week which is around 22,800. He recommends M&M, SBI, and L&T for specific price targets, emphasizing their positive prospects in the market.
Range-bound trade likely till election results are out; buy 3 must-have stocks on dips: Sanjiv Bhasin
Sanjiv Bhasin shares insights on market trends, cautioning against exuberance and highlighting investment opportunities in HAL, BEL, Bharat Dynamics, Jindal Saw, Honeywell Automation, Naukri, and Info Edge. Bhasin also says that due to high valuations, HAL, BEL and Bharat Dynamics are the three must-have stocks that should be bought on dips.
Standout midcap stocks to buy on dips: Deven Choksey
Deven Choksey analyzes market trends, emphasizing the impact of railways on capital goods companies' growth. He recommends seizing buying opportunities during price dips and highlights potential stocks for investment. He says: Choksey further says that selectivity, in the corrective market, one should definitely go for buying fresh into the portfolio.
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