SENSEX 50K TARGET
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.
RBI's bumper payout to limit big ticket divestment; govt to maintain Rs 50k cr target: Report
A record Rs 2.1 lakh crore dividend payout by the RBI is expected to reduce the urgency for major divestments, according to Care Ratings, maintaining the government's Rs 50,000 crore target from divestments. Asset monetisation may be preferred if there is a resource shortfall, with SCI sales aiding in achieving the FY25 target. Potential divestments in SCI, CONCOR, and Pawan Hans are on the horizon, with projected total divestment proceeds reaching Rs 12,500-22,500 crore.
Momentum Pick: Will Zomato's 21% returns over a month and technical breakouts trigger another leg of rally?
Zomato shares surged 21% since June 4, outperforming the Sensex's 11% rise. Analysts predict up to 20% additional gains. The stock hit a 52-week high of Rs 213.80, closing at Rs 208.15. Momentum indicators show shares trading above 50 and 200-day SMAs with a 1-year beta at 0.6. Axis Securities noted sustained buying activity and net profit.
Nifty Bank hits fresh record high, climbs above Mt 53K; use dips to buy: Experts
HDFC Bank, Kotak Bank, Federal Bank and Bandhan Bank saw heavy buying while AU Small Finance Bank saw selling pressure. The bank index breached its crucial resistance level of 53,000, triggering a short covering move in the index. Traders are advised to use dip to go long in the index.
Sensex@80,000: Fastest 10K-point rally in 139 days churns out 20 multibagger stocks
Sensex hit 80,000, its fastest 10,000-point rally from 70,000 in history. In 139 days, 20 BSE500 stocks became multibaggers. Sensex first hit 10,000 in Feb 2006, took 463 days for 20,000, and another 2,318 days for 30,000 in April 2017.
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.
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Elite bull at Hapur farm is a headturner with 50k doses of semen and counting
The Gangatiri breed, native to eastern Uttar Pradesh and western Bihar, is celebrated for its disease resistance and cost-effectiveness. It is well-suited to the region, requiring minimal input costs while producing between 8-10 liters of milk daily from cows weighing 300-350 kg. The National Bureau of Animal Genetic Resources (NBAGR) registered the genetically improved Gangatiri breed in 2015, potentially enhancing its milk yield further.
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.
Shriram Finance, M&M among 6 Nifty50 stocks that hit new 52-week highs on Tuesday
Indian benchmark equity indices finished at record closing highs for the third session in a row on Tuesday, led by gains in technology firms and private banks, and boosted by strong domestic inflows as well as a climb in global equities. Meanwhile, in Tuesday's trading session, six stocks from the Nifty50 index hit fresh 52-week highs. Here's the list:
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.
Defence minister Rajnath Singh Sets ₹50k-cr military export target
Rajnath Singh, the Defence Minister, aims to boost military exports to Rs 50,000 crore annually under the 'Make in India' initiative. He plans to fast-track defence production schemes and enhance indigenous research and development. The ministry is set to establish a new defence export promotion agency to facilitate arms sales to countries like the Philippines, Vietnam, and Armenia. Singh emphasizes equipping the armed forces with advanced weapons for national security and self-reliance in defence manufacturing.
Sensex, Nifty hit fresh lifetime highs on positive global cues after Fed outcome, US inflation print
Sensex and Nifty50 opened at a record high on Thursday following gains, driven by global stocks and a favorable U.S. inflation report.
Technical Breakout Stocks: How to trade Tejas Networks, BASF India and Varroc Engineering on Wednesday
Sensex, Nifty closed mixed on Tuesday. Sectors such as capital goods, oil & gas, and telecom saw buying action and selling was seen in metal, healthcare, banks and FMCG stocks. Tejas Networks rose over 6% to hit a fresh record high.
Technical Breakout Stocks: How to trade Raymond, M&M and Tejas Networks on Tuesday
Sensex, Nifty saw marginal decline in profit-booking on Monday amid mixed cues. Sectorally, metal, oil & gas and IT stocks saw some selling, while buying was seen in realty, utilities, telecom and healthcare stocks. Raymond stock was up over 3% to hit a fresh 52-week high.
Technical Breakout Stocks: How to trade UNO Minda, KNR Constructions and Amara Raja Batteries on Friday
UNO Minda rose over 13% to hit a fresh high, KNR Constructions closed with gains of more than 11% and Amara Raja Batteries gained nearly 5% to hit a fresh record high.
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%.
Technical Breakout Stocks: How to trade JSW Infrastructure, Coromandel International & Power Finance Corporation on Thursday
The S&P BSE Sensex fell over 600 points while the Nifty50 closed at 22,704. Buying was seen in utilities, power, healthcare, and telecom stocks while IT, oil & gas and banks saw some selling. JSW Infrastructure rose over 2%
Technical Breakout Stocks: How to trade DOMS Industries, Exide Industries and Marico on Wednesday
In a volatile session on Tuesday, Sensex slipped by over 200 points to close at 75,170 while the Nifty settled at 22,888. Healthcare stocks saw some buying while utilities, power, and realty stocks saw selling pressure. DOMS and Exide hit fresh record highs, closing with gains of over 3% each.
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.
Technical Breakout Stocks: How to trade Garden Reach Shipbuilders, Cochin Shipyard and RVNL on Friday
Sensex rose nearly 1,200 points to hit a record high of 75,499 and Nifty settled near 23,000. Buying was seen in banks, capital goods, auto and consumer durables. Healthcare and metal stocks saw little selling pressure. Garden Reach Shipbuilders rose 20% to hit a fresh record high.
Technical Breakout Stocks: How to trade PNC Infratech, BEML and IRB Infrastructure on Thursday
Sensex advanced 267 points while Nifty closed higher for the fifth day in a row on Wednesday. Sectorally, buying was seen in utilities, energy, FMCG and realty while metal, banks, consumer durables and oil & gas stocks saw selling pressure. PNC Infratech rose over 13% to hit a fresh record high.
Technical Breakout Stocks: How to trade RVNL, Balkrishna Industries and Poly Medicure on Wednesday
Sensex snapped 3-day upmove to close in the red on Tuesday. Nifty, on the other hand, settled with gains of 27 points. Utilities, public sector, power and metal space saw buying action, while selling was seen in banks, auto, IT and FMCG stocks. Rail Vikas Nigam and Poly Medicure hit record highs.
Technical Breakout Stocks: How to trade Godfrey Phillips, M&M and Dixon Technologies
India markets closed in the green for three consecutive days. Realty, auto, metal and consumer durable stocks saw considerable buying action. Godfrey Phillips and Dixon Technologies hit fresh record highs.
Technical Breakout Stocks: How to trade Thermax, Siemens and Adani Power on Thursday
Sensex fell over 100 points while the Nifty50 managed to hold on to 22,200 levels. Sectorally, buying was seen in the public sector, power, and capital goods stocks while banks, auto and FMCG stocks faced selling pressure.
Technical Breakout Stocks: How to trade Finolex Industries, M&M and HAL on Wednesday
Telecom, power, utilities and infra indices saw considerable buying on Tuesday, while healthcare and FMCG stocks saw selling pressure. Finolex Industries and Hindustan Aeronautics hit fresh record highs
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.
Buy Jammu & Kashmir Bank, target price Rs 169: Anand Rathi
Jammu & Kashmir Bank Ltd., incorporated in the year 1938, is a banking company (having a market cap of Rs 14249.30 Crore).
Technical Breakout Stocks: How to trade Godrej Consumer Products, CG Power and Godrej Agrovet on Wednesday
Sectorally, buying was seen in FMCG, IT and technology stocks while selling was visible in public sector, utilities and realty stocks.
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