BUSINESS
Gold price today: Yellow metal trades lower, support seen at Rs 47,155
On MCX, gold has support at Rs 47,155-46,920 and resistance at Rs 47,700-47,850. Silver has support at Rs 67,700-67,200 and resistance at Rs 69,000-69,500, say experts.
BUSINESS
DAILY VOICE | Next big multibaggers could come from Insurance & AMC sector: Hemang Jani of Motilal Oswal
After two consecutive quarters of solid earnings beats and upgrades, we expect another strong quarter, aided by a deflated base of Q4 FY20 and healthy demand recovery for the large part of Q4 FY21, said Jani.
BUSINESS
Trade Spotlight: What should investors do with SAIL, Tata Motors, & IDFC First Bank?
Some of the stocks in focus were SAIL, which fell more than 2 percent, IDFC First Bank that dropped more than 5 percent, and Tata Motors which closed with a loss of nearly 3 percent in the previous trading session.
BUSINESS
After The Bell: Sensex closes below 48,000; what should investors do on Tuesday?
The index has to cross and hold above 14,400 to witness a bounce towards 14,600 and 14,700, while on the downside, support exists at 14,250 and 14,200 zones.
BUSINESS
A close above 32,400 on Bank Nifty could take it towards 34,000: Aditya Agarwala of YES SECURITIES
A breakout from the upper end would resume the uptrend; however, a breakdown below 14,250 which looks unlikely at the moment would push the Index to 14,000 levels on Nifty, says Agarwala.
BUSINESS
Don’t fear the second wave, the worst is priced in by markets: Experts
The world has learned much from the first wave and so it is prepared to tackle the second or the third wave of coronavirus. India is not an exception and that is why markets have bounced back from the recent selloff, say experts.
BUSINESS
Gold price today: Yellow metal trades flat, experts say buy on dips for a target of Rs 47,700
Investors can buy gold at around Rs 47,150 with a stop loss of Rs 46,920 for the target of Rs 47,700, Silver can be bought at around Rs 68,200 with a stop loss of Rs 67,500 for the target of Rs 69 500, say experts.
BUSINESS
DAILY VOICE | Nifty earnings likely to double YoY on a low base, say Pankaj Pandey of ICICI Securities
IT & Pharma are long-term portfolio plays. IT space has shown resilience across time frames and is a clear beneficiary of increasing corporate spending on digitalisation and cloud infrastructure. India is well-equipped to be the pharma hub of the world, says Pandey.
BUSINESS
Nifty to remain volatile amid rise in COVID-19 cases; 14,250 likely to lend support: Sumeet Bagadia of Choice Broking
For the upcoming week, the Nifty has strong support at 14,250 levels. While breaching below, it can fall towards 13,800-14,000 levels, says Sumeet Bagadia.
BUSINESS
COVID-19 second wave hit realty stocks, small & midcaps hard: Mehul Kothari of AnandRathi
With regards to the Nifty Bank, if at all 30,000 is held on the downside then we could see 34,000-36,000 pretty soon in the index, AnandRathi's Mehul Kothari told Moneycontrol.
BUSINESS
Small & midcaps underperform; these 13 stocks in BSE500 index fell over 10% each
In terms of sectors, S&P BSE Realty plunged about 6 percent followed by IT that was down by 4.4 percent for the week ended April 16.
BUSINESS
After The Bell: Market ends flat, what should investors do on Monday?
The Nifty has to continue to hold above 14,500 for an upmove towards 147,00 and 14,850, while on the downside, support exists at 14,350 and 14,250 zones.
BUSINESS
Infosys buyback: Use dips to accumulate for long term, say Gaurav Garg of CapitalVia Global Research
Any dip in the price will be an opportunity for the buyer to add the stock to their portfolio and we expect the scrip to close above Rs 1,650 in FY22, says Garg.
BUSINESS
Where are the ultra-rich investing? Over 20 stocks from top 5 PMS funds outperformed Nifty in March
Nifty50 and Sensex rose by about 1 percent compared to the 1.02 percent rise seen in the S&P BSE Midcap, and the 2.4 percent rally in the S&P BSE Smallcap index in March.
TRENDS
Gold price today: Yellow metal trades flat; buy on dips for a target of Rs 47,700: Experts
MCX Gold June is trading above 21 as well as 50 Day Moving Average and has given breakout above Rs 47000 levels which could push prices up to Rs 47300-47680 levels. Support is at Rs 47000-46800, suggest experts.
BUSINESS
COVID takes toll, over 50% Nifty50 stocks are down 10-20% from highs
Stocks that are down in double digits include Tata Steel, UPL, Bajaj Finance, NTPC, Kotak Mahindra Bank, Bharti Airtel, Tata Motors, Axis Bank, Bajaj Finance, and IndusInd Bank among others
BUSINESS
DAILY VOICE | In times of COVID avoid stocks with low growth prospects and high leverage: Roop Bhootra of Anand Rathi
We believe that sectors like IT, Pharma, consumer discretionary, Chemical and Metal are likely to do well in March Quarter. On the other hand, the tourism and exhibition sectors may see a setback, says Bhootra.
BUSINESS
Trade Spotlight: What should investors do with Balrampur Chini, Wipro & HDFC Bank?
Some of the stocks in focus were Balrampur Chini, which rose more than 9 percent, Wipro that gained more than 2 percent ahead of results, and HDFC Bank which closed with gains of over 2 percent on Thursday.
BUSINESS
D-Street Talk: Wealth creating opportunity in broader market; we have a midcap target of 27000 in next 9 months: Gautam Shah
My working target for the midcap index is about 27000. So use it as an opportunity to top up. I think there isn't much downside there, says Shah.
BUSINESS
Coinbase makes its Nasdaq debut; here’s how Indian investors can invest: Vinay Bharathwaj of Stockal
We are seeing investors go beyond FAANG companies, it was popular initially when we launched and when investors just wanted to get some global exposure, says Bharathwaj.
BUSINESS
Nifty below short-term moving average, most NSE500 stocks trading under 50-DMA
Technical charts signal a bearish trend as the benchmark index has fallen below short-term moving averages.
BUSINESS
Gold price today: Yellow metal trades in green, use dips for a target of Rs 46,880: Experts
Experts suggest buying gold around Rs 46,400 with a stop loss of Rs 46,180 for the target of Rs 46,880 and silver around Rs 67,100 with a stop loss of Rs 66,500 for the target of Rs 68,500.
BUSINESS
DAILY VOICE: Buy into weakness in discretionary segments and not just on lockdown trade, says Piyush Nagda of Prabhudas Lilladher
India’s IPO market is witnessing a dream run. In FY21, almost 30 companies raised around Rs 31,000 crore. For FY22, the IPO pipeline is looking stronger, says Nagda.
BUSINESS
Trade Spotlight: What should investors do with TCS, Infosys, and Wipro?
Some of the stocks in focus were TCS, which fell more than 4 percent post Q4 results, Infosys that was down nearly 2 percent ahead of results on Wednesday, and Wipro which closed with a downtick of over 3 percent on Tuesday.
