NIFTY PSE INDEX
Dalal Street Week Ahead: Guard profits at higher levels, rotate investments in fatigued market
D-Street showed marginal gains in a shortened trading week. However, signs of fatigue and potential correction are emerging. Key resistance levels are identified, and experts recommend caution and profit booking at higher levels.
A confident NDA can propel Nifty towards 26,300: Rupak De of LKP Securities
In the midst of a tumultuous political scenario, the market may find reason to correct back to recent lows or even lower in the medium to long term. Conversely, a confident NDA could propel the Nifty towards 26300 and beyond in the medium to long term.
8 PSU stock ideas from Anand James to play the next round of upside
VIX has almost halved, from the peaks seen on the election results day, suggesting that volatility expectations have significantly eased. However, VIX is still above the levels seen a month before the results, indicating that caution has not been entirely abandoned. Nifty is now at record peak, post a three consecutive day rise that erased a single day drop of over 8% during last week.
D-Street Week Ahead: More pullback can be expected, says expert
Vaishnav analysis highlights Nifty's volatile week, concerns about market breadth and resistance levels, bearish signals in the MACD, and defensive setups in sectors like FMCG and Pharma.
Why investors are favouring FMCG stocks after elections
One key reason behind FMCG becoming a preferred choice in today’s time was this year’s general election. It was the most expensive affair with an estimated campaign cost incurred by political parties reaching a record Rs 1.35 lakh crore. A significant share of this pie moves into the pockets of rural India.
PFC, REC, Adani stocks among top losers, share prices fall up to 20%
Shares of companies like PFC, REC Ltd, and Adani Ports plummeted in today's market turmoil due to poor Lok Sabha election results for the Narendra Modi-led NDA government.
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Nifty option premium surges ahead of election results, use Iron Butterfly strategy: Anand James
With a surge in Nifty option premium for 6th June contract, a directional bet is fraught with high risk and therefore traders can deploy Iron Butterfly strategy, says Anand James, Chief Market Strategist, Geojit Financial Services.
What India VIX's jump to 24 level means for the markets
India VIX surged 91% in May 2024 amid anticipation of election results. Understanding its value at 24, it implies a Nifty 50 fluctuation range of 6.93% monthly.
TRADERS’ CORNER: Coal miner set for 6% rise; IT consulting stock to soar 9%
Nifty 50 formed its low point in early minutes before moving up. But it finally ended with a loss.
Nifty volatility surges ahead of election results: What investors need to know
Volatility remained at elevated levels this week. D-Street is building up ahead of the General Election results on June 4th. Maintaining a buoyant trajectory over the past few weeks, Nifty oscillated in a 621.85-point range.
Government gains PSU muscle as stocks climb peaks
The value had touched a high of 22% of total market capitalisation of listed firms in June 2009, dropping to a low of 5.1% in September 2020 before doubling since then, according to data from primeinfobase.com. Re-ratings amid large valuation discounts, high dividend yields, record cash flows and news of possible privatisation triggered a sharp rally in public sector companies over the last three years.
Strategy is to be ready to sell if the critical support breaks at 21,770 : Jai Bala
Jai Bala advises caution in the market due to the potential break of critical support at 21,770, emphasizing the importance of monitoring specific bullish names and being ready to act accordingly.
2 public sector companies in the energy space line up with 5-8% gains
Nifty hit a high soon after opening but could not maintain the altitude due to selling pressure. It dipped into negative and closed with a loss.
TCS, Infosys can lead pullback in Nifty IT: Anand James
Anand James advises on Nifty IT index oversold zone pull back due to seasonality. Stocks like TCS, Infosys, Wipro, Tech Mahindra, Mphasis may lead the rebound. Watch for dead cat bounce risk, short covering rallies, and potential breakout signals in PSU stocks. James says: "Should Nifty Bank manage to push above 49100, one could brace for short covering rallies with eyes on 49500 in initially."
Dalal Street Rollercoaster: Profit-Taking looms as volatility soars
The last trading day of the week saw the index swinging wildly. During the week, the Nifty oscillated in a 446.65 range before closing the week on a flat note. The benchmark Index posted minor weekly gains of55.90 points.
A 6-step guide to assess corporate governance for retail investors
The separation of management and ownership within the company structure gives rise to an agency problem — the conflict of interest between the company's management and its stockholders.
Aditya Birla Sun Life Mutual Fund launches Nifty PSE ETF
The scheme will be benchmarked against the Nifty PSE Index. The scheme will be managed by Haresh Mehta. The units of the scheme shall be compulsorily traded in dematerialized form and hence, there shall be no exit load for the units purchased or sold through stock exchanges.
Dalal Street Week Ahead: Market momentum likely to fade, time to protect profits
The markets may see a soft start to the week on Monday. The levels of 22650 and 22775 are likely to act as potential resistance points. The supports come in at 22400 and22280 levels.
New record on Dalal Street! India market cap hits Rs 400 lakh crore for first time
Sensex and Nifty reach all-time highs, BSE market cap hits Rs 400 lakh crore. Retail investors drive growth, leading to unprecedented wealth creation. New listings and IPOs contribute to the gains in the ongoing bull run.
Powell Ahoy! Beaten down SMid caps get a Fed boost
The BSE Sensex gained 0.75% or 539.50 points to close at 72,641.19, while the Nifty advanced 0.79% or 172.85 points to close at 22011.95.
22000-21900 level important for Nifty bulls for two reasons, Anand James explains
Anand James explains Nifty's crucial support levels and potential scenarios for the market ahead. Historical trends and technical analysis play a key role in determining the market outlook for the coming weeks. He says the Nifty Bank index has slipped back inside the descending broadening wedge, forcing them to cut back the breakout objectives that they had laid out last week.
TCS, Infy drive Sensex 400 pts higher ahead of inflation data; Nifty above 22,400
Indian benchmark equity indices traded higher ahead of U.S. CPI inflation data. BSE Sensex and Nifty50 continued to trade higher. TCS, Infosys, Tech Mahindra, and HCL Tech rose, while ITC, SBI, NTPC, Bajaj Finance, and Bajaj Finserv traded with cuts. Aditya Birla Capital shares rose over 6% after announcing a merger with Aditya Birla Finance.
Holding 21,920 level can take Nifty higher: Analysts
Bajaj Finserv, Indus Towers, Inox India, Indian Hotels, ITC, Lupin, UltraTech Cement and HUL are some of the stocks that have formed bullish patterns on technical charts.
PSUs lead mid and smallcap stocks' sell-off on Dalal Street
In the past three months, the Nifty PSE index surged close to 48%, while the Small-cap 250 and Mid-cap 100 indices rose about 21%. Analysts said the rally in public sector stocks has led to a surge in participation by individual traders, who have mounted bullish bets on them with borrowed money.
Big Movers on D-Street: What should investors do with IOB, Rites, and UPL?
The benchmark Nifty 50 ended 0.4% down at 21771.70 points, and the Sensex closed 0.5% lower at 71731.42 points. On the other hand, the Nifty PSE index closed 2% higher at 9189.20 points.
Nifty public sector enterprise index stocks: A re-rating of different kinds. Will it sustain and create wealth?
The recent re-rating of PSU stocks has happened due to multiple reasons. Right from realization on the street that to paint everything to same brush just because they are owned by government and ignore the fact the growth element is probably not right approach to the fact that there are some business where cost of capital and policy factor are loaded in their favour of PSU and that will not change any time soon.
Keep an eye on dollar index; top 40 stocks which are showing relative strength vs benchmark
The US Fed Rates are at 5-5.25%. Inflation is also around 3.2%, which is comforting and probably the reason why the Fed has paused hikes. Interest rates are back to 2007 levels.
Q2 Review: Profits of 9 PSUs grow faster than sales; which stocks should you bet on?
The companies that saw profits grow faster than sales were REC, Power Finance Corporation, Coal India, NTPC, Bharat Electronics, IRCTC, Container Corporation of India, Gail India, and Oil and Natural Gas Corporation.
PSE aerospace firm & e-marketplace offer around 5% gain each
The Nifty traded in a capped range in the first half of the session but managed to end the day with gains.
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