NIFTY 2023
Flying high! Tourism stocks rebound up to 4,721% from Covid lows
Shares of BLS International Services and other top tourism stocks have seen remarkable growth post-lockdown, with returns ranging from 1,222% to 4,721%. The newly launched Nifty Tourism index tracks 17 constituents, offering investors a diversified approach to the booming tourism sector.
FPIs return to fin services, buy over Rs 9,000 cr in June
Foreign investors renewed buying in automobiles, information technology (IT), construction materials, oil & gas and consumer durables sectors.
Valuations are up... will profits keep pace?
The market's high valuations necessitate positive earnings surprises for comfort, with bond yields and investor sentiment influencing market trends significantly.
Nifty bull case target at 27K, says Axis Securities; bets on HDFC Bank, Bharti Airtel, others
Axis Securities expects reduced volatility and a smooth US market landing, targeting Nifty at 27,000 for March 2025 (bull case) and 24,600 (base case). They recommend stocks like HDFC Bank, ICICI Bank, Coal India, Nestle India, SBI, HCL Tech, Federal Bank, Varun Beverages, TVS Motors, Bharti Airtel, among others.
U-Turn: Sensex, Nifty erase gains after hitting record highs
From the Sensex pack, Infosys, HCL Tech, TCS, and Bharti Airtel opened higher, while Tata Motors, Kotak Mahindra Bank, Bajaj Finance, and ICICI Bank opened in the red.Shares of Kotak Mahindra dropped 2% after US short-seller Hindenburg said that the lender created and oversaw a fund that Hindenburg investors used to short Adani stocks.
GIFT Nifty nearing $100 billion monthly turnover milestone
This is an all-time high monthly turnover for GIFT Nifty, surpassing its previous record of US $91.73 billion set in May 2024 itself.
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Nike sinks over 18% as gloomy sales forecast fans growth concerns
Nike shares slumped 18.6% in early trade on Friday as a forecast for a surprise drop in annual sales amplified investor concerns about the pace of the sportswear giant's efforts to stem market share losses to upstart brands such as On and Hoka.
Nifty goes global! Blackrock launches Nifty ETF in Japan
In 2023, seven passive funds were launched in Japan and South Korea which tracked Nifty indices. Six of these seven passive funds tracked Nifty 50, while one tracked Nifty50 2x leverage index.
Ahead of Market: 10 things that will decide D-Street action on Tuesday
The NSE Nifty 50 index fell 0.13% to 23,259, while the S&P BSE Sensex declined 0.27% to 76,490. Both benchmarks initially rose about 0.5% to hit record highs before losing gains. The MACD indicator showed bullish activity in stocks like Balkrishna Industries, IndiGo, KEI Industries, Tejas Networks, and Info Edge. HDFC Bank, Adani Enterprises, SBI, RIL, Tata Steel, ICICI Bank, and Axis Bank were among the most active stocks on the NSE by value.
Nifty IT ready for a U-turn, says JM Financial, puts weight behind largecap
After remaining an underperformer in the current calendar year, Nifty IT (NSEIT) might be ready to take a U-turn, believes JM Financial, suggesting that it was time to start putting weight on the large cap stocks in this sector.
Indian HNIs swell by 12.2% YoY in 2023, wealth surges 12.4% on booming markets, economy: Report
The number of high net-worth individuals (HNIs) in India increased by 12.2% in 2023, reaching 35.89 lakh individuals. Their financial wealth also rose by 12.4% to $1,445.7 billion, driven by a strong economy and the performance of domestic equity markets.
Leading Indian hedge fund Avendus Capital sees banking as a top bet
Avendus Capital CEO Holland uncertain about pre-budget rally, mentions potential capital gains tax change ahead of India's full budget presentation in July
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.
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.
Ahead of Market: 10 things that will decide D-Street action on Wednesday
Indian benchmark indices slipped around 6% each on Tuesday, a day after the blue-chip indices surged to record highs on Monday as exit polls had projected a much bigger margin of victory. MACD showed bullish trade on the counters of Solar Industries, Sobha, Phoenix Mills, and Container Corporation of India. Shares of India Cement, Zee Entertainment Enterprises, Bandhan Bank, Dalmia Bharat hit their 52-week lows.
Tech View: Nifty forms long bearish candle. Here’s how to trade on Wednesday
Nifty slipped below short-term and medium-term averages. Now, 50-day SMA or 22,400/73,500 and 22,500/74,000 are likely to act as key resistance areas for traders. Nifty has violated the higher-top and higher-bottom formations and suggests change in short-term trend.
Exit Poll Euphoria: Investor wealth catapults by Rs 14 lakh crore as Sensex, Nifty hit record highs on election result eve
The 30-share BSE benchmark Sensex advanced 2,507 points or 3.4% to settle at 76,469. The broader NSE Nifty gained 733 points or 3.25% to end at 23,264. All major sectors settled in the green with financials climbing 4% to a record high, while public sector banks surged 8.4%. Nifty Oil & Gas also gained about 6.8% and Nifty Realty surged nearly 6%.
Ahead of Market: 10 things that will decide stock action on Wednesday
After gyrating between gains and losses during the day, the 30-share BSE Sensex ended 0.29% lower at 75,170.45. Nifty formed a bearish candle on the daily scale. The index is trading above its key moving average supports and the RSI on the daily chart is positive.
Nifty looks poised for a bullish run next month. Here’s why
History suggests that whenever FIIs have net withdrawn for 10 or more consecutive days, as a ripple effect, the Indian markets fall. It’s worth mentioning, whenever FIIs have withdrawn for 10 or more days and the Nifty50 index managed to remain stable, it has delivered an average one month forward return of 2.53%.
Sensex jumps 3,700 points in 9 days. Why is no one waiting till election results?
In the near term, market analysts believe the chances of the market going up further are less given that it has already touched record-high levels, and in case the political equation changes, the market can fall as much as 15% on June 4.
Adani Enterprises may throw out Wipro from Sensex next month
Adani Enterprises is poised to join Sensex, possibly replacing Wipro, in BSE's semi-annual rejig. Expected inflows of $118 million for Adani, and outflows of $56 million for Wipro. Sensex, India's key index, represents the top 30 firms.
India stock market hits $5 trillion milestone fortnight ahead of Lok Sabha election results
D-Street joined the exclusive $5 trillion club for the first time ever, braving FII pullout. Investors were found to pile up on stocks in the broader market. In less than 6 months, the jump from Rs 4 trillion to Rs 5 trillion was achieved — a pace never before seen. On the global map, India is the fifth largest stock market behind only Hong Kong, Japan, China and the mother market of the US.
Nifty Metal index crosses 10,000 mark for first time as stocks rally up to 20%
The index has been rising, making new highs since the second half of 2023. It made new all-time highs in 5 consecutive trading sessions. A significant surge in demand from China is believed to drive the rally in the metal space.
Sensex drops 200 points on US Fed's hawkish comments, FII selling; Nifty below 22,500
Indian equity indices dipped on hawkish U.S. Federal Reserve comments and pre-election foreign selling. Market volatility persisted with mixed sectoral performance. Foreign investor selling and domestic institutional buying influenced market stability.
Sensex rises over 150 points as retail inflation eases; Nifty above 22,100
India's retail inflation eased in April, impacting key equity indices positively. Sectors like banking, metal, and energy saw gains, while some faced cuts. Shriram Finance surged over 5% on announcing a housing finance business sale to Warburg Pincus.
Technical Breakout Stocks: How to trade ABB India, Siemens and Polycab India on Tuesday
The S&P BSE Sensex rallied over 100 points while the Nifty50 closed above the 22,100 level. Sectorally, buying was seen in healthcare, realty and capital goods stocks while public sector, oil & gas, energy and auto stocks saw some selling pressure.
M-cap of 81 listed PSUs has grown 225% under Modi govt: FM
Sitharaman claimed that PSUs are thriving and benefiting "significantly from the culture of professionalism infused in them along with increased operational freedom". Modi Govt's focus on capital expenditure has also led to substantial growth in their stock performance, her tweet stated.
From riches to rags! Smallcap multibaggers of 2023 are now losing momentum
Smallcap stocks have underperformed, with many multibagger stocks showing negative returns this year. Value investors are cautious, and experts have mixed opinions about the future performance of smallcaps. Selective investing and risk reduction strategies are recommended.
‘Complacency’ of 2023 could mean turmoil ahead for small & midcaps
“The predominant higher closings of the Nifty in 2023 were like the one seen in 2017,” said Sahil Kapoor, head of products and market strategist at DSP Mutual Fund. “Like in 2017, this indicates complacency may have set in and market participants are not prepared for any shocks that may come.”
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