TATA STOCKS
HDFC Bank drags Sensex 500 points lower, Nifty slips below 24,200
Indian equity indices decline due to HDFC Bank's disappointing Q1 update, with Sensex dropping over 500 points. Experts anticipate potential Fed rate cuts based on US jobs data. Global markets remain positive on U.S. rate cut expectations. Oil prices hold near recent highs. Rupee strengthens against the dollar.
Sensex, Nifty end flat after scaling fresh highs; HDFC Bank plays spoilsport
The Nifty breadth was skewed in the favour of the bears, with 27 stocks ending in the red, while 23 ended in positive territory. Top gainers at the close included Tata Motors, HCL Technologies, ICICI Bank, Sun Pharmaceuticals, and Tata Consultancy Services (TCS).
5 stock market myths in a raging bull market: Kotak Equities
Despite the ongoing bullish trend on D-Street with frequent new highs, Kotak Institutional Equities has cautioned investors by debunking five prevalent market myths in a recent note. Among these myths are beliefs that Indian markets are currently trading at reasonable valuations and that robust GDP growth guarantees high returns.
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.
Market Trading Guide: Tata Consumer Products, BHEL among 4 top stock recommendations for Thursday
Benchmark BSE Sensex breached the historic 80K level intraday for the first time while Nifty raced over 162 points to close at a fresh lifetime high on Wednesday following heavy buying in banking and FMCG shares amid firm global market trends. The 30-share closed at 79,987, up by 545 points over the last close. The Nifty climbed 162.65 points or 0.67 per cent to end at an all-time high of 24,286.50. "We are of the view that, as long as the index is trading above 24,200/79,600, the bullish structure is likely to continue. Above the same, the market could rally up to 24,400/80,200. Further upside may also continue, which could lift the index up to 24,500/80,500. However, below 24,200/79,600 the texture could change. Below the same, traders may prefer to exit out from the trading long positions," said Shrikant Chouhan, Head Equity Research, Kotak Securities. Here are 4 stock recommendations for Thursday:
M&M, Power Grid, 11 other stocks outperform Sensex in its fastest 10,000 points marathon
As a NEWS EDITOR, investors are urged by Nilesh Shah to maintain a long-term perspective and proper asset allocation as Sensex reaches the 80,000 milestone. He draws parallels with Nasdaq's history and notes Gold's outperformance compared to Nifty in the first half of 2024.
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SKF India, Tata Power among 5 stocks to trade ex-dividend tomorrow
Investors rejoice as lucrative dividend opportunities await with Tide Water Oil Company (India) trading at around Rs 2,389.85 on BSE, declaring a generous dividend of Rs 20 per share for eligible shareholders on July 4.
Stock Radar: TCS showing signs of bottoming out; likely to reclaim 4,000 level
The IT stock hit a high of Rs 4,254 on the S&P BSE Sensex on March 18, but experienced a subsequent decline, reaching levels around 3,500 points. A rebound followed, with the stock reaching a low of approximately 3,600 points on June 4, 2024. A steady rise ensued, propelling the stock to reclaim its 50-day moving average on the daily charts — a significant technical level. A buy signal generated by the Supertrend indicator on June 27, 2024, further suggested that the upward momentum was likely to continue.
U-Turn: Sensex, Nifty erase gains after hitting record highs
From the Sensex pack, Infosys, HCL Tech, TCS, and Bharti Airtel opened higher, while Tata Motors, Kotak Mahindra Bank, Bajaj Finance, and ICICI Bank opened in the red.Shares of Kotak Mahindra dropped 2% after US short-seller Hindenburg said that the lender created and oversaw a fund that Hindenburg investors used to short Adani stocks.
Stocks in news: Patanjali Foods, IOL Chemicals, Carysil, Tata Steel, Coal India
Coal India's coal production rose 8% to 189.3 million tonnes in the first quarter. Patanjali Foods approved the acquisition of the home and personal care business. DCX Systems received a Rs 1,250 crore order.
Infosys, Tech Mahindra among 6 IT stocks that could surprise positively in Q1 results: JM Financial
Stating that Tech Mahindra remains a ‘buy' on turnaround hopes while KPIT Technologies and Tata Technologies are structural bets on auto ER&D theme, domestic brokerage firm JM Financial believes that Q1 results for the IT sector could positively surprise the street.
Corporate Watch: M&M, Tata Comm among 36 stocks in spotlight this week
Welspun Enterprises and DJ Mediaprint declared dividends with ex-dates on July 5. Escorts Kubota also set July 5 as the ex-date for dividend issuance. Several other companies like Tide Water, SKF India, and Balaji Amines have dividend and ex-date announcements in the same week.
Nifty rides with bulls, can hit 24,600: Analysts
Stocks expected to show bullishness include Reliance, ICICI Bank, LIC Housing Finance, Grasim, Praj Industries, Biocon, Apollo Tyres, Tata Motors, and BEL. Consider a moderately bullish strategy using a Bull-Call Spread for the July 4 weekly expiry.
3M India, M&M among 25 stocks that will trade ex-dividend this week. Do you own any?
Dividends are distributed to shareholders whose names are listed in the company's records on the record date. With the adoption of the T+1 settlement system, the record date and ex-dividend date are usually identical, except when market holidays occur immediately following the ex-date. Investors who buy the stock at least one day before the ex-date qualify for dividends, as settlement happens on the ex-date.
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.
Market Trading Guide: Tata Motors, ABB among 5 stock recommendations for Friday
Benchmark Sensex breached the historic 79,000 mark while Nifty scaled the 24,000 peak for the first time on Thursday as buying in blue-chip stocks like Infosys, Reliance and TCS helped markets extend gains to the fourth straight day and close at lifetime high levels. "Technically, the index has achieved a short-term consolidation breakout target of 24,000 levels, and managed to close above it. If the index holds above 24,000 levels, then rally could extend towards 24,250-24,500 in the short term," said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates
Monday blues! Heavyweights drag Sensex 400 points lower; Nifty below 23,400
The weakness was led by selling pressure in banks and metal stocks, while FMCG and consumer durables saw some buying amid sectoral rotation. IndusInd Bank fell around 3% and was the top loser in the Nifty pack, followed by 2% plus declines in Cipla, Tata Steel, and Adani Ports. On the other hand, defensives from pharma, FMCG, and IT - Sun Pharma, ITC, Nestle, TCS, and HUL - saw buying action.
Adani Ports enters Sensex, Wipro exits as part of semi-annual rejig
Adani Ports joins Sensex as Wipro exits. The inclusion of APSEZ brings $259 million in passive inflows. Seven stocks' weights to rise: Bharti Airtel, Infosys, Kotak Mahindra Bank, ICICI Bank, Tech Mahindra, Tata Steel, and IndusInd Bank.
Tata Elxsi, Titan among 21 companies in focus this week for dividend, AGM, stock split, bonus issue
Companies like Tata Elxsi, Titan, and JSW Holdings are set to be in the spotlight this week with corporate actions such as dividends, stock splits, and annual general meetings lined up.
10 BSE 100 stocks turned multibaggers in one year but Zomato, Trent beat them on this parameter
According to Ace Equities data, Trent leads the pack with a 213% return in one year and a beta of 0.70. Zomato, the food delivery platform, and Bajaj Auto, the two-wheeler company, yielded 162% and 107% respectively, with one-year betas of 0.78 and 0.42.
Adani Ports to enter Sensex on Monday, Wipro to exit as part of semi-annual rejig
Adani Ports’ Sensex inclusion will trigger passive inflows of $259 million and 14.9 million shares are expected to be added, according to Nuvama’s estimates. Wipro’s exclusion could see outflows of $170 million.
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.
Hot Stocks: Brokerages view on Kotak Bank, Tata Motors, Uno Minda, and Tata Technologies
Macquarie upgraded Kotak Mahindra Bank, City Union Bank, and Bandhan Bank to outperform with raised target prices. They downgraded SBI to underperform but increased its target price.
Stocks in news: Paytm, Indus Towers, Vedanta, Cipla, Gland Pharma
Domestic markets start positively with Paytm, Indus Towers, Vedanta, Cipla, Gland Pharma in focus. ZEE appoints acting CFO. Tata Technologies partners with Microsoft. Wabco to sell ZF equity. Craftsman Automation launches QIP. Fosun Pharma reduces stake. Vedanta monetises steel business. Goldman Sachs sells One 97 shares; Vodafone sells Indus Towers shares; Generative AI hackathon.
HUL, Tata Consumer Products among 5 stocks with short buildup
A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Thursday's trading session, five stocks witnessed a build of fresh short positions. Here's the list:
3 Tata Group companies among 6 stocks in focus for dividends and AGMs
This week, Tata group companies such as Tata Motors, Tata Motors DVR, and Tata Chemicals, alongside Asian Paints and others, will be under scrutiny due to corporate activities like dividends and annual general meetings.
Tata Chemicals, IRCTC among 5 stocks with long buildup
A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Tuesday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:
Hot Stocks: Brokerage view on GAIL, Tata Chemicals, HCC and ONGC
JPMorgan upheld a neutral outlook on GAIL India, while Morgan Stanley advised an underweight position on Tata Chemicals. Elara Securities commenced coverage on HCC, and Jefferies reaffirmed a buy recommendation on ONGC.
Stock Radar: 40% rally in a year! This FMCG stock bounced back from 200-EMA; time to buy?
Tata Consumer Products, in FMCG space, saw profit-taking but stock up 40% in a year. Rally not over. Stock reached 52-week high of 1269 in March 2024. Analyst recommends accumulating stock in range 1120-1140 for target of 1325-1330 levels with stop loss below 1050. Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own.
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