NIFTY PSU BANKS
TRADERS’ CORNER: A watch reseller for 10% break outmove, while a QSR makes a comeback attempt for 5%
Some old horses are coming back into action.
TRADERS’ CORNER: A capital good major and bank stock, both about to break boundaries for 5 to 6% short-term trading opportunity
Large caps are getting their momentum back for swing trading.
Breakout above Rs 25 can spark crazy rally in Vodafone Idea shares: Rupak De
Bank Nifty ended with a marginal gain at the end of a volatile week. The volatility was led by movements in HDFC Bank, which has a dinosaur weightage in the Bank Nifty. The index managed to close above the critical short-term moving average and above the short-term breakout point, indicating a positive setup.
TRADERS’ CORNER: An oil major and pharma plays both ready to for short breakout trade for possible 5 to 6% returns.
Momentum is back in select large cap stocks.
Navigating bull run: Rajesh Palviya's insights on Bank Nifty and sectoral moves
Rajesh Palviya of Axis Securities provides insights into the current trends and expectations for Bank Nifty, highlighting key support and resistance levels. He discusses the impact of recent performances by private and PSU banks and shares his views on sustaining the market's bull run driven by bullish sentiment and liquidity flows.
These 10 passive mutual funds offered highest returns in first half of 2024
There were around 237 passive funds active in the market in the first half of 2024. Of 237 passive funds, 195 funds offered double-digit returns and 42 funds gave single-digit returns. Here are the top 10 performers, according to the data by ACE MF.
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How to trade India Cements, NMDC, Amara Raja and 3 other stocks? Aamar Deo of Angel One decodes
Markets had a dream rally in June, with the benchmark index Nifty gaining 2% WoW, whereas Bank Nifty gained 1.3% WoW. Overall, the markets continue to be driven by bullish investment sentiments, on the back of positive global cues, rally in heavyweights and on the hopes of rate-cut materialising, most probably in this quarter.
Expect a rally in PSU bank stocks in next few days: Vinit Bolinjkar
While IT remains a trading pick, I am cautious due to potential downside risks in the US market affecting IT jobs. Pharma and FMCG are top picks due to the expected resurgence in consumption, likely to drive strong performances over the next quarters.
F&O Rollover: FIIs bullish on index in July series with net longs; what's in store for Nifty?
Nifty futures rollovers hit 76% at June series end, exceeding the previous three-series average of 69%. The July series kicks off with a higher open interest base of Rs 36,400 crore. Roll cost for Nifty settled at 40 bps on expiry day, down from the previous day's 52-54 bps.
2 top stock recommendations from Nagaraj Shetti
I am expecting a further upside for the Nifty during this budget period and as well as if you look at the sectors, banking, especially private and PSU banking, and if you look at the metal stocks and metal sector has declined reasonably and has bounced back from the lower levels, fertilisers and even other sectors like PSU banking, like capital goods are likely to be in the limelight in the near term.
Can private bank stocks lead from the front now?
Bank Nifty reached a new high of 51,957 due to improved operational efficiencies, implementation of the Insolvency and Bankruptcy Code, and cautious lending practices by PSU banks. This sparked a rally in share prices, shifting the spotlight from private banks.
Low chances of Nifty Bank exceeding 51,000-level this week: Anand James
A new peak on Friday was not surprising, given the fact that 88% of Nifty constituents had started the day at the highest in 30 days. Most other sectors were also showing similar trends, except for PSU banks and metals
What to do with Heritage Foods, REC and 4 other stocks? Religare Broking's Ravi Singh decodes
For Nifty, a break above 23,350 could potentially lead it to touch 23,600 levels. For Bank Nifty, breaking above 50,400 could help the index achieve 51,300 levels in the near term.
4 pharma stocks CA Rudramurthy is bullish on for near term
Let this volatility settle, let VIX come back to levels closer to the 12-13 mark, give another one week's time and then it will be more easier for people to understand the trend and the verdict of market much better based on all the political changes which might come up in the next one week and then taking positions will be much better.
PSU, defence, rail, and bank stocks surge up to 13% as election shock wears off
PSU stocks such as BHEL and Mazagon Dock Shipbuilders witnessed gains of up to 13% on Thursday as investors renewed their support for state-owned companies, recognizing their long-term growth potential.
Valuations in PSU capital goods, infra & defence remain expensive: Pratik Gupta
The macro environment is extremely stable, whether it is the fiscal deficit, the current account deficit, inflation, forex reserves, so that is really one of the big attractions for both global as well as domestic investors.
Sensex zooms over 800 pts, Nifty above 22,850 as Modi magic helps calm D-Street
For the second consecutive day on Thursday, Indian benchmark equity indices, Nifty50 and Sensex, commenced trading on a higher note. Banking stocks led the upswing as Narendra Modi is poised to secure a third term in power, with two crucial allies pledging their support to establish a new government.
Nifty Bank index roars back to record biggest daily gain in 3 years
Banking stocks stage a significant rebound, recording the largest gains in over three years, led by HDFC Bank, Bandhan Bank, and IndusInd Bank. Market confidence rises amid support for the BJP from allies and short covering.
Railway stocks tank 20% as election trends diverge from exit polls
Railway firm stocks plummeted up to 13%, as election trends diverged from exit polls. Rail Vikas Nigam dropped nearly 13%, with Ircon International down by 12%. Other firms like RailTel, IRFC, Texmaco, and IRCTC fell 6-10%. Titagarh Rail Systems and Jupiter Wagons also saw declines. Early data showed the BJP-led NDA leading in 289 seats, contrary to exit polls projecting over 370 seats.
Verdict Day: D-Street investors lose Rs 46 lakh crore as Sensex, Nifty in freefall
Stock Market Crash Today: From the Sensex pack, Reliance Industries and HDFC Bank alone contributed to a 565-point decline in the index, while L&T, SBI, ITC, NTPC, and Power Grid were among other stocks dragging the index lower. Volatility gauge India VIX also spiked 20% to 25 levels. PSU, defence stocks were also trading with deep cuts.
F&O Talk | Nifty facing minor speed bumps amid election jitters; may see consolidation post results: Rahul Ghose of Hedged.in
"The rollover data and the price action on the index suggest that Bank Nifty will not be a laggard anymore. The line in the sand to cross is 50,500. Once this level is taken out, you can expect a decent rally on this index."
Exit polls predict BJP win: How the markets may react on Monday
Market analysts expect public sector companies along with engineering, power, and banks also lead the rally on Monday. "Also, there could also be short covering by foreign investors, which would further add to the party on the street," said Gaurav Dua of Sharekhan by BNP Paribas. The bulls might take further steam from better-than-expected growth (8.2%) in GDP numbers, released late on Friday.
Risk-reward out of favour but a collapse less likely in pre-election week: Anand James
Anand James shares insights on specific stocks like HAL, Coal India, BEL, and the impact of oil refining companies on PSU stocks. James says volatility has been persistent and VIX has been holding steady in the vicinity of or above 20 for nine days. Downside marker may be placed at 22983, for an aggressive positioning, with further support seen at 22800.
What are the three pockets of opportunities going forward? V Srivatsa explains
V Srivatsa, Fund Manager and Executive V-P at UTI AMC, sees opportunities in private banks, healthcare, and FMCG sectors amidst market volatility and election outcome uncertainties. Srivatsa also says that he is quite positive on is commodities because that has seen a very sharp run-up in the prices which will start reflecting in the coming quarters.
Will Nifty Bank hit 50,000 next week? Rupak De of LKP Securities reads the charts
“Nifty witnessed a clean breakout above its prolonged consolidation on the daily timeframe, suggesting a surge of renewed optimism,” says the senior technical analyst
In another couple of days, even PSU banks could join the market rally: Sudeep Shah
Sudeep Shah from SBI Securities analyzes the smart rally in Nifty driven by banking, especially ICICI Bank and Axis Bank. The Bank Nifty is expected to rise to 48,700-48,900, supported by private sector banks. PSU banks may also join the rally soon. Shah also recommends two stocks -- Adani Enterprise and Axis Bank.
ETMarkets Fund Manager Talk: PSU banks trading at 40-50% discount to pvt banks, can outperform: Hardick Bora of Union Mutual Fund
Hardick Bora discusses the state of the PSU banks versus the private banks, Nifty 50 Index, Fair Value Spectrum, small and midcap funds, and asset allocation strategy for moderate risk profiles. Bora says: "An election outcome with continuity of the current administration may strengthen the sentiments of local as well foreign investors."
PSU banks' profit jumps over 4 times in 3 years to Rs 1.4 lakh crore in FY24
PSU banks' net profit skyrockets to Rs 1.4 lakh crore in FY24, driven by key factors like asset quality improvements, robust margins, and strong loan book growth. SBI emerges as a major contributor, showcasing a remarkable earnings turnaround.
83% of PSU bank stocks nearing oversold region: Anand James, Geojit Financial Services
Anand Janes ssays SBI and Nifty PSU Bank Index are showing recovery signs, while the VIX rise could affect post-election Nifty mofvement. Paytm is hinting at possible upside. STLTECH and MARICO broke trend channels, indicating potential price increases. James further says that we are going to see a pullback in PSU bank stocks in the near term.
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