After a volatile move in last few weeks amid Union Budget and the global market sell-off; we may see some stability in the market in coming days, Jay Purohit, Technical & Derivatives Analyst at Centrum Broking Limited said in an interview.
The Street could take cues from the primary market, which has one new IPO and a listing. Coupled with this, auto sales, as well as global and domestic cues could keep investors on their feet.
The market sentiment is dented largely by the interest rate outlook in India and the United States. For some time in the past, the high-risk perception of rising oil prices too was playing on the mind of debt investors.
Ten stocks on which CLSA maintains its overweight stance include names like ICICI Bank, SBI, HDFC, ICICI Pru Life, IndusInd Bank, L&T, Astral, Sadbhav, Godrej Properties, and Sobha
Watch accompanying video of Nilesh Shah, MD of Kotak Mahindra AMC, Utpal Sheth, CEO & Partner of RARE Enterprises, Raamdeo Agrawal, ED of Motilal Oswal and Sandeep Kothari, Portfolio Advisor at Fidelity International along with Ramesh Damani decoding the Indian markets.
Watch the interview of Siraj Hussain, Former Secretary, Agriculture and Ashok Dalwai, Chief Executive Officer, NRAA with Manisha Gupta of CNBC-TV18, where they spoke about how agriculture is becoming government’s top priority and lot of agenda’s are being set to ensure that the farms income actually doubles by 2022.
Watch the interview of Navneet Damani, AVP,Commodity Research at Motilal Oswal and Surendra Mehta, Secretary of Indian Bullion & Jewellers Assoc with Manisha Gupta of CNBC-TV18, where they spoke about the concerns that the Indian jewellery market is facing because of what is happening in sense of the Punjab National Bank loan defaults and also issue about financing going forward with credit line etc.
In an interview with CNBC-TV18 Ajay Srivastava, CEO of Dimensions Corporate Financial Services and Ashwani Gujral of ashwanigujral.com shared their reading and outlook on the market and also gave recommendations on various stocks.
In commodities market, both agro and non-agro products were on the weaker side.
Watch the interview of T Gnanasekar of CommTrendz Research & Fund Management with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
Watch the interview of Himanshu Gupta of Karvy Comtrade with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
Experts such as Devang Mehta, Head – Equity Advisory at Centrum Wealth Management believe that there is no reason to panic as corrections are a part and parcel of any bull market.
Watch the interview of Tapan Patel of LKP Securities with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
The S&P BSE Sensex has fallen 2600 points from its record high of 36,443 recorded earlier in the month of January to 33,819 which was the closing level on 22 February.
Watch CNBC-TV18's Manisha Gupta give a round-up on all the action taking place in the commodities market.
"We are taking slightly contra view on index and expect Nifty index to see a short-term pullback from current level. Till the time Nifty is trading above 10033.35, the Higher Top Higher Bottom formation on weekly chart remains intact. On weekly charts, RSI (14), has signaled an oversold condition post the formation of a bearish divergence," says Aditya Agarwal, Head Technical Research at Way2Wealth Brokers Pvt. Ltd.
Gold futures traded lower by Rs 108 at Rs 30,621 per 10 grams today amid a weakening global trend and profit-booking by speculators.
“The trajectory looks a lot more volatile this year. Unlike 2017 which had a clear up run, that’s not going to be the case in the year 2018. Considering we are sitting in a pre-election year, things are likely to remain volatile amid challenging macro environment,” said Sandeepa Arora, President, IIFL Institutional Equities.
Oil prices dipped on Friday as high US crude exports outweighed lower crude inventories in the world's biggest consumer of the fuel.
Gold prices slipped on Friday and were headed for their sharpest weekly drop in 2.5 months as the dollar strengthened during the week.
I expect the USD-INR to consolidate in a range of 64.85-65.15 given the dollar fall overnight, says Bhaskar Panda of HDFC Bank.
Trends on SGX Nifty indicate a flat opening for the broader index in India, trading higher by 16 points at 10,401.
The 10-year benchmark bond yield has been rallying higher after the latest MPC minutes. I expect the trend to sustain while today's range would be 7.72-7.78 percent, says Bhaskar Panda of HDFC Bank.
Bank of Baroda | Federal Bank | Fortis | Genus Paper | Great Eastern Shipping | Indiabulls Housing Finance | Adani Transmission | Corporation Bank | Prakash Industries | Yash Papers | Dilip Buildcon | JSW | UltraTech Cement | Axis Bank | Merck | Sanofi India | KSB Pumps | ITD Cementation are stocks, which are in news today.
A list of important headlines from across news agencies that could help in your trade today.