Deepak Fertilisers, Empire Industries, Birla Corp, Bajaj Finserv, Future Retail, among others hit this milestone on Friday.
Fresh Put writing was seen at strike prices 9900, 9850 and 9800 which is supporting the market on declines while intact Call writing at 9900, 9950 and 10000 strikes are restricting its upside momentum.
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Traders are advised to pare down their long positions and add fresh positions once index closes above 9900-9920 levels. Key support for the index is placed at 9850-9820, suggest experts.
Banks are leading charge on the index with S&P BSE Bankex rose over 0.57 percent, followed by BSE Realty index which was up 0.54 percent, and BSE Smallcap index gained 0.38 percent.
Many small and midcap stocks have more than doubled investors’ wealth in the last one year without much improvement in the earnings, which is depicted by low earnings per share and high PE multiple.
Bulls bounced back on D-Street after being knocked out in the previous trading session. Formation of a bullish candle after a long legged doji pattern confirms the bullish bias on the D-Street, suggest experts.
We analyzed the price returns of all listed companies in the second half of each of the last five calendar years to find out stocks which managed to deliver a price return of at least 25 percent in the July-December period.
Analysts which Moneycontrol spoke to have a mixed view as 2 out of 3 experts feel that ITC will still attract smart money as HUL is trading at slightly stretched valuations.
The Indian market has already rallied 20 percent so far in 2017 and if history holds true then we should close the year on a high note.
The way market sold off during the last one hour of trade suggests that traders are exiting their long positions and it would be prudent for investors to book some profits at current levels.
With marquee clients in its kitty, favorable market conditions in India and Thailand, and more than one-third market share here, the company deserves the attention of investors.
ITC which holds a weightage of 7.2 percent in Sensex was the biggest contributor for the declines in the index.
Overall, fund manager remains upbeat on markets as domestic mutual fund (MF) industry average AUM increased for the 15th consecutive quarter in 2QCY17 to a new high of Rs19.6 trillion.
A short bull candle formed after a hanging man pattern negates the negative pattern but technical charts are still of the view that investors will be better off booking some profits off the table.
A breach of 10,000 on the Nifty could open room for further upside as investors would rush to cover their short positions.
Most analysts’ tracking D-Street remain cautious on markets especially after 20 percent rally so far in the year 2017.
Most of the respondents admit that the market looked a bit stretched in terms of valuations, but some more upside cannot be ruled out.
Global Fund investment options albeit limited have been around for a decade, with options to invest into US, Europe, ASEAN, country specific funds like Brazil & China and even funds investing into natural resources companies like Gold mining companies or Energy companies.
Many aspiring traders often spend an enormous amount of time trying to discover the “Holy Grail”, which according to popular belief is expected to create abundant wealth in the stock markets.
AU Small Finance Bank, Bhakti Gems, Birla Corporation, Dalmia Bharat, Eris Lifesciences, and Poona Dal Oil, among others clocked fresh all-time highs.
The Nifty50 closed below its crucial support level of 9900 and now a decisive close above this levels is likely to build momentum for bulls whereas a break below 9850-9823 could fuel bearish sentiment, suggest experts.
Investors who invested in markets or specific stocks are sitting on a big chunk of profits and the next logical questions in front of investors — should they book profits, buy on dips, or exit markets completely.
The journey from 16,000 to 20,000 - the first 4,000-point rise in the last decade - was the fastest as it took only 59 sessions.