NIFTY ENDS ABOVE 20K
Tech View: Doji candle indicates indecisive mood, highest OI at 25K. Here’s how to trade on Tuesday
The near-term trend of Nifty remains positive. Having sustained above the hurdle of 24,400 levels (1.618% Fibonacci extension), there is a higher possibility of further gradual up move in Nifty towards 24950 levels in the next one week. Immediate support is at 24,450, said Nagaraj Shetti of HDFC Securities.
Nifty Bank stuck in a range; a breakout above 52,500 could take it towards 53K: Experts
The banking index needs a breakout above 52,500 levels to head towards 53,000, suggested experts. SBI, Bandhan Bank, PNB, and Bank of Baroda were among top gainers while ICICI Bank, Federal Bank, AU Small Finance Bank, and Axis Bank saw selling pressure.
Sensational Index 80K: With Budget on horizon, bulls hit new milestone in T20 style
Equity indices soar as Sensex hits 80,000 fueled by banking stocks. Market anticipates rate cut, global support, and foreign investment. Earnings rise expected with stock rotation amidst market surge.
Should you deploy fresh money and ideas with Sensex@80K? Aman Chowhan answers
A clear avoid now will be companies with too much hype and euphoria, and maybe some segments within the different spaces where valuations have gone crazy, says Aman Chowhan. Some of the consumer names are trading north of 70-80 PE, which is also a clear avoid s. It has more to do with companies and valuations than any specific sector or segment, says Chowhan.
Tech View: Short covering rally takes Nifty beyond 24K. Here’s how to trade on Friday
The underlying trend of Nifty continues to be positive. A sustainable move above 24000-24100 levels could pull Nifty towards another Fibonacci extension resistance of around 24380-24400 levels in the near term.
Sensex extends record rally to 3rd session, ends above 79K, Nifty tops 24,000
Heavyweights RIL, HDFC Bank, and ICICI Bank were among the biggest contributors to Nifty's rise. Sectorally, buying was noticed in banks, FMCG, metals, and pharma. For Nifty50, the latest 1,000-point gain from 23,000 to 24,000 has been the 2nd fastest ever. Nifty took 23 sessions to climb 1,000 points.
- Go To Page 1
78K & counting: There's no stopping these bulls
The BSE benchmark ended at 78,053.52, up 712.45 points or 0.92% after hitting its lifetime high of 78,164.71. NSE's Nifty rose 183.45 points or 0.78% to a close at a record 23,721.3. The index hit an all-time high of 23,754.15 during the day.
Banking euphoria catapults Sensex past 78K milestone, lifts Nifty to record peak of 23,721
The performance across Nifty sectoral indices was mixed, with 6 out of 16 indices showing gains. Notable performers included Nifty Financial Services, Nifty IT, and Nifty PSU Bank. Conversely, sectors such as Nifty Auto, Nifty FMCG, and Nifty Metal faced declines. In the broader markets, the Nifty Midcap 100 dropped by 0.45% to 55,324.45, while the Nifty Smallcap 100 saw an increase of 0.21%, reaching 18,255.10.
Tech heavyweights drive Sensex over 150 points higher, Nifty above 23,600
Indian benchmark equity indices opened higher led by information technology stocks after U.S. IT firm Accenture forecasted annual revenue growth above expectations.
These healthcare and pharma stocks may deliver more than 20% in one year
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
F&O Talk| Expect consolidation breakout in Nifty above 23,500, buy on dips: Sudeep Shah of SBI Securities
The post-election rally has taken everyone by surprise and both indices now are currently sustaining well above their short-term moving averages after testing their 200 day moving averages.
Nifty Bank closes above 50K; next target seen around 51000: Experts
Nifty Bank concluded the volatile week above 50K with weekly gains of 0.4%. It managed to recoup losses, leaving the bulls content. From the index, Federal Bank, Bank of Baroda and PNB saw buying activity and closed with gains of over 1% each. Selling was seen in SBI, IndusInd Bank and AU Small Finance Bank.
Nifty Bank pares gains but closes above 49,200; next target seen at 50,000: Experts
Tracking positive global cues, Nifty Bank rose 237 points to close at 49,291. The index saw some profit booking above the 49,600 level. PNB, Bank of Baroda and SBI closed with gains of 1-3%.
Midcaps, smallcaps, microcaps plunge up to 20%. BHEL, HUDCO among top losers
Market fall on Tuesday impacted Nifty Midcap 100, Nifty Smallcap 100, and Nifty Microcap 250 indices. Midcap index fell by 7% to 49,623.10, Smallcap index dropped by 7% to 15,801.80, and Microcap saw 247 stocks in red.
Nifty Bank climbs Mt 51K for first time; what should traders do?
The Nifty Bank broke key resistance levels ahead of the Lok Sabha election results, with experts advising caution for a buy-on-dips strategy.
Bulls back in action! Sensex rises after 5-day hiatus, surges 500 points; Nifty above 22,600
Indian benchmark equity indices opened higher on Friday. Investors await exit polls post-elections and GDP data release. India's fourth-domestic quarter GDP data is due later in the day.
Can Vodafone Idea stock trade above Rs 20 in next one year? Hemang Jani answers
I think there is a growth in terms of volume, given the kind of appetite that people have for jewellery and also, we feel that you will see stable margins once there is a little bit of stability in the gold prices. So, valuations, I do not think is too much of an issue. It is all about how big the opportunities and how Titan can deliver growth. We have a positive view. I think it is a part of the core portfolio.
Tech View: Nifty consolidating around Mt 23k for 3 days. What traders should do
Analysis of OI data reveals that the call side exhibited the highest OI at the 23,000 strike price, followed by 23,500 strike prices, whereas on the put side, the highest OI was observed at the 22,500 strike price.
RIL, banking stocks drive Sensex 150 pts higher; Nifty above 22,900
Benchmark equity indices opened higher on Tuesday, driven by index heavyweights like Reliance Industries and banking stocks, with BSE Sensex up 0.15% and Nifty50 up 0.19%.
Nifty Bank at 3-week high; 50K in sight but it requires to close above 49,600: Experts
On Monday, the Nifty Bank index continued its outperformance, marking its third consecutive day of gains. The banking index surged by 310 points, closing at 49,281. In contrast, the Nifty50 witnessed a slight decline of 24 points, closing below the 23,000 mark.
OTM indicates 19% chance of Nifty closing above 24K by June 6, says Sudeep Shah of SBI Securities
With the ongoing buzz around the Lok Sabha election results, markets are still witnessing strong volatility. India vix stood above 21 as of May 24.
Sensex ends special trading session above 74K; Nestle up 2%
Indian stock market ended positively with Sensex above 74,000 and Nifty crossing 22,500, buoyed by global markets. Nestle India, JSW Steel, and Zee Entertainment Enterprises saw notable movements.
Unstoppable bull run! Sensex scales Mt 75K, Nifty above 22,750 for first time
In a strong start to Tuesday's trading, Indian markets reached new highs despite a subdued performance by US markets the day before. The S&P BSE Sensex crossed the 75,000 milestone, hitting a record high of 75,124, while the Nifty50 also achieved a fresh peak of 22,765.
Nifty Bank closes above 47K after 10 sessions; may face resistance around 47,500 next week: Experts
The Nifty Bank gained 338 points to close at 47,124, while on the weekly front, the index rose 0.5%. The Nifty50 gained more than 200 points to close at 22,326 on Thursday. SBI, Bank of Baroda, PNB, and ICICI Bank were among the top gainers, while some selling was seen in IDFC First Bank, Axis Bank, and Bandhan Bank.
Nifty Bank closes above 47K; crucial support placed around 46,800 levels: Experts
Data suggests that most of the banking stocks that are part of the Nifty Bank index witnessed a short buildup, which implies banking stocks could remain under pressure in the next few days as well.
Tech View: Nifty ends above 20-DMA for 3rd day. What traders should do on Friday
Nifty is currently placed at the edge of moving above the minor down- trend line resistance around 21,900-21,950 levels. A decisive break above this hurdle could open the doors for new all-time highs around 22,150 levels. Immediate support is at 21,800, said Nagaraj Shetti of HDFC Securities.
Load More
