Stocks to buy: Indian stock market indices, Sensex and Nifty 50, are trading flat in a choppy session Tuesday amid weak global market cues. Gains in consumer, oil & gas, media and realty stocks are countered by selling in IT, banks and pharma shares. The 30-share BSE Sensex opened marginally […]
Stock picks
The Indian market has been on an upward trend, rising 1.26 percent in July so far after a 6.5 percent surge in June. Overall in 2024 year-to-date (YTD), the index has rallied almost 12 percent. The recent upswing in the Indian stock market owes much to renewed investor confidence after […]
Profit booking at higher levels took center stage as the Indian stock market benchmarks—the Sensex and the Nifty 50—ended their four-day winning streak with losses on Friday, June 28. Despite hitting fresh all-time highs during the session, both benchmarks succumbed to profit booking as investors took gains amid mixed global […]
Indian stock market traded higher on Tuesday, with the frontline indices Sensex and Nifty 50 tad below their record high levels. The gains were led by banking, financial services and IT stocks. Foreign Investors are optimistic on Indian markets from a medium-term perspective but are cautious after the surprisingly strong […]
Markets- Budget: Jefferies India Pvt Ltd expects budget to bring a positive for several domestic sectors such as affordable housing, capex plays, consumer, rate-sensitives etc. On the other hand expects Information Technology & Pharma to lack triggers. The Government can afford higher capex, social spending In the strategy note on […]
The benchmark Nifty has surged over 4 percent in June, reaching around the 23,500 mark and setting multiple new highs along the way. With high valuations for most stocks and no significant correction in sight, investors may find it challenging to determine where to invest. To address this, brokerage house […]
Going ahead, the brokerage sees limited short-term upside for the Nifty due to high valuations and a lack of positive catalysts. Despite this, the pause is viewed as a temporary phase in a long-term bull market, with a low likelihood of a significant correction. SAMCO maintains a positive outlook on […]
In the broader markets, the Nifty Midcap 100 rose by 1.05%, and the Nifty SmallCap 100 gained 0.8%, both outperforming the main indices. The India VIX, a gauge of market volatility, closed 4.93% lower on Friday. Vinod Nair, Head of Research at Geojit Financial Services, noted a temporary slowdown in […]
Indian stock market rallied on Wednesday, with the benchmark Sensex surpassing 77,000-mark and the Nifty 50 index hitting record high above 23,440 level. Broader markets outperformed, as the Nifty Smallcap 100 and the Nifty Midcap 100 index were trading over a percent higher each. Barring Nifty Realty and Nifty FMCG, […]
Banking Q4 Review Reviewing the Q4 results for the banking space, the brokerage pointed out that banks, including Small Finance Banks (SFBs), in its coverage have sustained robust credit growth, aligning closely with anticipated 17 percent year-on-year growth (excluding HDFCB). While some banks have voiced concerns regarding corporate growth due […]