STOCK MARKET RALLY
India stocks rally may have a tough fight amid stretched signals
Indian equities rally may cool as technicals suggest overbought conditions for NSE Nifty 50 index. Investors optimistic due to Modi government's commitment to pro-growth policies. Global funds boost market with $3.1 billion in net purchases. June sees market recovery from selloff with increased bullish sentiment. Market value hits $5 trillion amid record-setting rally.
These two stocks can act as Rahul Dravid of your portfolio: Gautam Shah
So, I like the power PSUs, but I am not a big fan of the defence and the railway PSUs anymore. And we have seen this post June 4th that PSU as a basket has not been moving with the market on a daily basis.
Nifty can hit 25,000 in medium-term; just stick to quality names: Gautam Shah
And I do believe from a near term perspective, Reliance is headed towards 3,300, 3,350 and if you are taking a slightly medium-term view, 3,600 is intact.
Fund Manager Talk | Higher interest rates for longer periods can upset bull market: Mihir Vora
Over the short to medium term ie: next 1-2 years, the markets would focus on earnings delivery as there is limited upside from valuations. Retail investors continue to invest regularly providing long-term support to the markets. We believe that his combination of fundamentals and liquidity will anchor a bull-market in stocks.
Shares of India Cements rally over 30% in one week as UltraTech deal impresses investors
India Cements' shares soared by 33% this week after UltraTech Cement acquired a 24% stake. The move pits UltraTech against competitors like Adani group in the quest for market share dominance, highlighting the ongoing consolidation in the cement industry.
Sensex, Nifty hit fresh peaks once again; telecom stocks in focus
The market showcases strong performance in diverse segments, with small-cap, mid-cap, and micro-cap stocks leading the positive momentum. Sectors like metal, pharma, and PSU banks also demonstrate resilience, marking a significant uptick in trading values amid the current market scenario.
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These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 32%, according to analysts
The majority of play in the options segment for the election results fear and greed and hope has been played in the weekly option settlement. Whatever little has been left would be over today as the June series expiry gets over. This is relevant because once this technical volatility is done and dusted the true picture would emerge for many segments of the market including the midcap segment. If one looks at their recent performance in the last few days of volatility, it is clear that there is not much selling pressure. If one goes on by the market breadth, there are indications that bulls might be back in control. Keep an eye on liquidity and the market breadth in the next few sessions as that will determine what happens to mid-cap stocks in the medium term. If the market breadth stays positive then it is very likely that we might see more strength in mid-caps. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
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.
Dow closes at a one-month high as investors broaden portfolios
The Dow reached a one-month high, but the Nasdaq fell over 1% as investors shifted from AI-linked stocks. Federal Reserve rate cuts were anticipated, impacting market movements.
Dow jumps nearly 1% amid broader market rally in countdown to inflation data
Investors anticipated remarks from Fed's Mary Daly amid discussions on sustained higher interest rates. As of 11:53 a.m. ET, the Dow Jones rose 0.88%, S&P 500 saw a slight gain, while Nasdaq dipped marginally.
Raymond shares rally 6% as NCLT approves group entities’ demerger, amalgamation
Shares of Ramond surged 6% on Monday to its day’s high of Rs 2,675 on BSE as the National Company Law Tribunal (NCLT) approved the demerger of the company’s lifestyle business and the amalgamation of its consumer trading arm.
Wall St Week Ahead: Rally in US big tech stocks may be getting stretched
The blistering rally in U.S. big tech stocks, particularly in the S&P 500, may be due for a breather amidst concerns of overheating, especially with Nvidia Corp's significant gains. Market segments like utilities are lagging behind tech stocks, prompting investors to consider value stocks as potential bargains.
Wall Street bucks global rally as bond yields rise
Wall Street's rally, driven by Nvidia and AI enthusiasm, saw record highs. European stocks were boosted by tech and real estate sectors. The STOXX 600 and FTSEurofirst 300 indexes rose, reflecting market optimism.
PM Modi prediction comes true! Sensex up over 5,000 points in ballot-proof rally
PM Modi's prediction of a post-election Sensex rally of 5,222 points has come true, with both Sensex and Nifty hitting all-time highs. Investor wealth on BSE has surged by Rs 42.4 lakh crore.
Nvidia’s 591,078% rally to most valuable stock came in waves
Nvidia's remarkable journey from its IPO to becoming the most valuable company is a testament to its strategic vision, innovative products, and adaptability in emerging markets like AI and data centers.
HAL shares rally 6% as Ministry of Defence to procure ‘Prachand’ helicopters
Shares of HAL soared 6% to reach an all-time high of Rs 5,484.20 on the Bombay Stock Exchange (BSE) during Tuesday's trading session. The surge came after the company disclosed that the Ministry of Defence has issued a request for proposal (RFP) to procure 156 Light Combat Helicopters from HAL.
RITES shares rally 4% on signing MoU with DMRC
Shares of Rail India Technical and Economic Service (RITES) surged by 4% to reach the day’s peak of Rs 708 in today’s session on the BSE. This increase followed the company's announcement of signing a Memorandum of Understanding (MoU) with the Delhi Metro Rail Corporation (DMRC)
Did PM Modi and Amit Shah break any Sebi rule by predicting stock market rally after elections? Legal experts weigh in
PM Modi and Amit Shah's post-election stock market rally predictions have sparked a political issue, with Rahul Gandhi linking it to the stock market crash. Legal experts say the statements do not violate Sebi rules.
Stock Radar: 100% rally in a year! This auto stock gives a breakout from 10-week consolidation; time to buy?
Bajaj Auto, part of the auto space, doubled investors’ wealth in the last year, hitting a record high in June 2024. Analysts suggest further upside potential with technical indicators supporting the bullish trend.
Big tech is driving the S&P rally. The rest have to step up soon
Tech stocks face diverging performances as Nvidia leads the pack, while Apple struggles, causing a profit cool down and an emerging asymmetry among Big Tech stocks, affecting the overall earnings potential in 2024.
85 smallcaps offer double-digit returns in action-packed market week
It was a turbulent week in the market as investors went through a whirlwind of emotions. There was an initial surge in optimism after the exit polls, followed by a sharp downturn on election results day, and then a remarkable rebound. The bounce-back after the election results led to a significant recovery across various sectors, with 85 small-cap stocks registering double-digit gains for the week.
11,000% rally! Smallcap multibagger stock turns Rs 10,000 to Rs 11 lakh in 10 years
Refex Industries, a manufacturer of refrigerant gases, witnessed a remarkable 11,000% stock rally in the last decade. Recent data shows a 33% rise in shares in the last six months and a 44% increase in the last year.
A day after Rahul Gandhi alleges scam, Sensex erases election result day loss to touch record high
After Rahul Gandhi's allegations of a stock market scam, Sensex erased its election result day loss, gaining around Rs 28 lakh crore in investor wealth in the last 3 days.
Hindalco, HUL, GAIL among 24 stock recommendations by Yes Securities
Yes Securities has mentioned 24 stocks across 8 sectors, including Hindalco, HUL, GAIL, in its conviction list, stating that the markets tend to perform well after the election results.
Impact of election results on stock market: Are Modi stocks the best bet?
Stocks related to Prime Minister Modi's policies, known as 'Modi stocks', are gaining attention. These include PSU stocks and those of private companies in sectors like infrastructure, defense, and manufacturing.
Rs 1.4 lakh crore gain! Adani stocks zoom up to 16% as exit polls predict Modi's return
Adani Group stocks soared up to 16% as exit polls predicted a victory for Prime Minister Narendra Modi. The conglomerate's combined market cap rose by nearly Rs 1.4 lakh crore, reaching Rs 19.24 lakh crore. Adani Power surged 16%, while other group entities also saw significant gains, nearing pre-Hindenburg levels.
Sinking profits bring reality check to AI-driven rally in emerging market stocks
Unilever Plc’s Indian unit reported a 5.5% drop in net income for the first quarter, missing analyst estimates. Behind the decline was sluggish rural demand combined with high net-worth urban consumers pivoting to other brands. Similar trends can be seen elsewhere, with Chilean retailer Cencosud SA, restaurant chain operator Yum China Holdings Inc. and Swiss-South African jeweler Compagnie Financiere Richemont SA all delivering weaker-than-expected results.
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.
Strong fundamentals behind stock market rally, focus on long term investment: Experts
The current spurt in the stock market is on account of strong fundamentals and robust corporate earnings and retail investors can look for buying opportunities to accumulate quality stocks, experts said. The benchmark Sensex on Monday scaled 76,000 level for the first time while the Nifty hit a new lifetime peak of 23,110.80.
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