Our December 2018 Sensex target of 37,500 presents about a 14 percent upside, but, we continue to believe bottom-up stock selection will be the key to performance, Abhiram Eleswarapu, Head of India Equity Research, BNP Paribas, said in an exclusive interview with Moneycontrol’s Kshitij Anand.
We expect FY19 to be a year of recovery post the dip in FY18. The bank is well capitalised (CAR 34.3 percent) and will not be constrained by capital to grow once it puts its house in order.
Formation of a bearish candle after a Doji pattern clearly gives an advantage to the bears but a small technical bounce back could be on cards as Indian markets are trading near key support levels after 7 straight sessions of bearish candles.
Three sub segments -- XC, XD and XT -- were launched in November 2015 considering companies specific characteristics such as low to moderate market capitalisation, lower contribution to overall trading turnover.
Under the revised norms, the risk reduction mode (RRM) would be activated when 90 per cent of the clearing members' collateral available for adjustment against margins gets utilised. This is against the current practice of activating the mode on 100 per cent utilisation of collateral deposited.
Here are top ten data points to help you spot profitable trade.
For the week, the market witnessed largely positive momentum with quiet volumes sessions as bulls remained upper- hand.
The move follows a circular issued by additional commissioner of income tax drawing attention towards excess STT collected by some brokers and sub-brokers, which is not being remitted to the government's account.
The changes are announced by Asia Index, a joint venture between S&P Dow Jones Indices LLC and BSE. The move is a part of Asia Index's semi-annual reconstitution results.
If oil is coming down then anything that uses oil goes up, like airline stocks, tyre companies etc. So, if oil trade reverses then it’s good for the Indian economy, says Ashwani Gujral.
The market resumed the week on looming uncertainty on crude oil price crux following a shake-up in the Saudi kingdom, but the domestic liquidity flow kept the market afloat, marking new highs before succumbing to uncertainty
Bulls managed to regain control and took the index to hit an intraday high of 10,344. It closed 12.80 points higher at 10,321.75.
The research firm believes that there could be a healthy upward trend in the operating income to sustain.
55 stocks hit new 52-week high on the NSE including Axis Bank, Balmer Lawrie, Bharat Forge, NBCC, Nestle India, Titagarh Wagons and Wabco India.
According to Technical Analyst Prakash Gaba of prakashgaba.com, Bank Nifty has support at 25100 and resistance at 25500. He recommends buying HCL Tech and advises selling Allahabad Bank.
The value of pledged shares stood at Rs 2.57 lakh crore at the end of September, according to the BSE data.
The top Nifty gainers were ONGC which jumped 3.5 percent while Bharti Infratel was up 2.68 percent followed by auto majors Mahindra & Mahindra which was up 1.6 percent while Maruti Suzuki gained 1.56 percent.
The top Nifty gainers were Bharti Infratel which was up 2.05 percent followed by Aurobindo Pharma and Mahindra & Mahindra which were up over 1.7 percent each
The reversal in the earnings cycle has just begun, and we believe that Q3FY18 will have a stellar quarter. We expect FY18 to clock in earnings growth of 15-20 percent, Sandeep Raina, Associate Director, Edelweiss Investment Research, said in an exclusive interview with Moneycontrol’s Kshitij Anand.
Top ten data points to help you spot profitable trade.
The company’s revenues grew by 6 percent at Rs 7,657 crore against Rs 7,213 crore year on year.
In case they comply with the norms by November 20, they would not face trading suspension, BSE said in a circular.
Gujarat outcome will be taken as a sample of Modi's popularity at the all-India level and may impact short-term market sentiments, JK Jain, Head of Equity Research at Karvy Stock Broking, said in an exclusive interview with Moneycontrol’s Kshitij Anand.
Investors who went long should hold on to their long positions with a stop below 10,367. The next crucial target for index stands at 10,600.
The Nifty index which opened at 10,440.50 rose marginally to 10,453 but then bears took control of D-Street and pulled the index towards its intraday low of 10,412.55.