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Market Headstart: Nifty likely to open lower; 3 stocks which could give 8-13% return

The Nifty50 is likely to open lower on Tuesday ahead of Monetary Policy Committee (MPC) outcome on Thursday. Asian markets were trading mixed as deeper concerns about growth have capped broader improvements in risk sentiment. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 48 points or 0.40 percent. Nifty futures were ... Read More »

Upside for Nifty likely to remain capped at 12,100; 5 stocks ripe for cherry picking

The upside seems limited, whereas the downside is more apparent, with the broader range for the Nifty might be at 11,700 on the downside while being at 12,100 on the upside, Jayant Manglik, President, Retail Distribution, Religare Broking, said in an interview with Moneycontrol’s Kshitij Anand. Q: The Nifty50 closed the month of May on a strong note above 11,900 ... Read More »

Market continues to be euphoric: Sensex rises over 100 points, Nifty above 11,900 on domestic, global cues; Yes Bank, Vedanta among early gainers

Mumbai: The benchmark BSE Sensex advanced over 100 points in early trade Tuesday amid positive domestic and global cues and unabated foreign fund inflow. The 30-share index was trading 98.04 points, or 0.25 percent, higher at 39,781.33. Similarly, the broader NSE Nifty rose 24.75 points, or 0.21 percent, to 11,949.50. In the previous session on Monday, the BSE gauge ended 248.57 ... Read More »

Modi’s new government formation, GDP data likely to drive market this week

Mumbai: The formation of the new government at the Centre along with GDP data and derivatives expiry will dictate the trends of the Indian equity market in the coming week. The BJP-led National Democratic Alliance (NDA), which comprehensively won the just concluded Lok Sabha elections, will soon form the new government and appoint key Union Ministers. “Now the focus of the market should be on economic growthcycle besides ... Read More »

Markets Live: Sensex gives up gains, Yes Banks shares slump to 52-week low

Indian markets gave up gains in afternoon trade even as most Asian markets ended higher. Asian stocks bounced from a 3-1/2-month low today as a slight softening in rhetoric from US President Donald Trump helped ease worries about the US-China tariff war and on expectations Beijing could release more economic stimulus. Shares in Asia were led by strong gains in ... Read More »

Sensex, Nifty Extend Decline To Seventh Day; Reliance Industries Top Loser

Reliance Industries, Kotak Mahindra Bank, HDFC Bank and HDFC were among the biggest drags on the Sensex. The S&P BSE Sensex and NSE Nifty 50 Indexes fell for seventh day in a row to lowest level in two months tracking sharp losses in Asian peers, where equities slumped as investors waited to see whether Chinese and US trade negotiators can ... Read More »

Value picks? 25 Nifty stocks trade at a discount to respective 10-year average P/Es

Nifty50 rallied to a fresh record high of 11,856 in April but since then the momentum has fizzled out. The index is down about 3 percent from las month’s high and it has also breached its crucial short-term moving averages at 5-days exponential moving average (EMA), 13, 20 and 50-days EMA in May. A large part of the fall can ... Read More »

Dalal Street week ahead: Market likely to remain choppy; protect profit on every rise

The week gone by remained as flat as it could get. In our previous weekly note, we had projected the market to remain volatile with the 11,760 level providing stiff resistance to any rally. On those projected lines, the market remained volatile, headed nowhere and continued to face resistance at the 11,760 level before finally ended the week flat with ... Read More »

SC Directs RBI To Disclose Information On Bank Inspection Report Under RTI

The Supreme Court Friday directed the Reserve Bank of India (RBI) to disclose information pertaining to its annual inspection report of banks under the Right to Information (RTI) Act unless they are exempted under law. A bench headed by Justice L Nageswara Rao also directed the federal bank to review its policy to disclose information relating to banks under RTI, ... Read More »

What changed for the market while you were sleeping? Top 10 things to know

The market started off the F&O expiry week on a negative note and continued its downtrend for the second consecutive session on April 22 with the Nifty closing tad below 11,600 levels. Rising crude oil prices to over five-month high dented traders sentiment. The BSE Sensex broke the psychological 39,000 level, falling sharply by 495.10 points or 1.26 percent to ... Read More »