BUSINESS
Lockdown impact: FPIs pulls out money from these 10 sectors in April, where is smart money moving?
Most of the sectors in which FIIs invested heavily over the past 12 months are linked to the economy and any disruption in business activity led to profit-taking, say experts. If the coronavirus situation doesn’t improve, FIIs will continue to pull out money and wait for the market to bottom out.
BUSINESS
We expect Nifty50 to breakout and hit 15600 levels: Sacchitanand Uttekar
We expect the index to witness a breakout above its ongoing consolidation band of 14250-14850. The latest weekly price performance has been significant as the index never slipped below its previous week's swing low despite a weak opening to the week, says Uttekar.
BUSINESS
Technical trades: 10 buy ideas from experts for next 3-4 weeks
There are stock-specific trading opportunities across the board which are keeping the traders busy and that may continue this week as well, said an expert. Traders should prefer sectors/themes like pharma, metal and agriculture
BUSINESS
Gold price today: Yellow metal trades firm, experts say buy for a target of Rs 48,100
MCX June gold has given a breakout above 47,750 from where a further bullish momentum of up to 48,000-48,200 levels is possible. Support is at 47,500-47,300 levels, say experts.
BUSINESS
FIIs moving to safer markets like South Korea and Taiwan due to rising COVID cases in india: Dr VK Vijayakumar of Geojit Financial Services
FIIs have been selling in India due to the COVID second wave concerns and moving to safer markets like South Korea and Taiwan, says Vijayakumar.
INTERVIEW
DAILY VOICE | ‘Out-of-home’ and discretionary segments to come under pressure in coming 1-2 quarters: Amnish Aggarwal of Prabhudas Lilladher
The current bout of uncertainty makes it difficult to judge the actual impact of COVID-19 on consumer demand and corporate profits in the medium term, says Aggarwal.
BUSINESS
Hot Stocks | Here's why LIC Housing Finance and Glenmark Pharma are top buys
It is better not to trade aggressively in the index and carrying of overnight positions is strictly avoided, said Sameet Chavan.
BUSINESS
Dhanuka Agritech, Kaveri Seed & Torrent Power can rally over 10% in short term: Aditya Agarwala of YES SECURITIES
Technical indicator +DI crossing -DI and RSI turning upwards suggest intermediate bullishness is intact; however, it will be important to watch if the Index sustains above 15,000 levels for an extended rally.
BUSINESS
For Nifty, 15,000 is a crucial level, expect the index to be in a range for now: Ashish Chaturmohta of Sanctum Wealth
It is important to note that COVID recoveries need to be more than the new daily cases and the recent recoveries are on the rise, resulting in a positive sign, said Chaturmohta.
BUSINESS
May could be tight for markets as FIIs and DIIs take opposite stance: Nirali Shah of Samco Securities
Investors can look at stock-specific plays in the market over the next 3-4 weeks. Metal stocks have been star performers in this rally and continue to display an undeterred upward momentum, says Shah.
BUSINESS
Small & midcap stocks outperform: 49 stocks in BSE500 rose 10-30% in a week
Analysts attribute the rise in the broader markets to strong results posted by India Inc. in the small & midcap space
BUSINESS
After The Bell | Nifty back above 50-SMA, what should investors do on Monday?
Nifty has to hold above 14750 zones to witness an up move towards 15000 -15050 zones while on the downside support exists at 14700 and 14600 zones, suggest experts.
BUSINESS
FIIs reduce stake in over 30 companies that rose 100-500% in FY21; time to book profits?
While experts advise investors to book partial profits, they warn against the tendency to blindly follow FIIs and trim portfolios. Since consolidation in large-caps are likely in the days ahead, they ask investors to exit small-cap and mid-cap stocks.
BUSINESS
Gold price today: Yellow metal trades higher, may face resistance around Rs 47,800
On MCX, gold has support at Rs 47,330-47,100 and resistance at Rs 47,800-48,050. For silver, support is at Rs 71,100-70,700 and resistance at Rs 72,400-72,900, say experts.
BUSINESS
Trade Spotlight: What should investors do with Tata Steel, Coforge & Aarti Drugs?
Here's what Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities Ltd, recommends investors should do with these stocks when the market resumes trading today:
BUSINESS
DAILY VOICE | Pramod Gubbi of Marcellus lists 3 characteristics to look for in long-term wealth creators
it is a bit futile to make sense of stock price movements in the short term given the number of factors at play. Even if we manage to explain these in hindsight, it has very little predictive power, said Gubbi.
BUSINESS
After The Bell: Nifty back above 14700; what should investors do on Friday?
For the time being, it looks prudent to remain neutral on the index by shifting focus towards stock-specific opportunities whereas traders with long side bias on Nifty are advised to maintain a stop below 14600 levels.
BUSINESS
Portfolio Rejig: Rakesh Jhunjhunwala cuts stake in 7 companies in March quarter
Stocks in which the Big Bull reduced stake include Tata Comm, Titan, and VIP Industries. Stocks in which his stake was cut below 1% include Indiabulls Real Estate, ION Exchange, Firstsource Solutions, and GMR Infra.
BUSINESS
Experts see these 9 stocks to benefit the most from RBI measures to support economy
Overall, they feel the steps taken by the central bank will be a relief to the financial system.
BUSINESS
Gold price today | Yellow metal trades higher; buy for a target of Rs 47,300: Experts
At MCX, Gold has support at 46800-46650 and resistance at 47180-47440; silver has support at 69100-68500 and resistance at 69700-71400 levels, suggest experts.
BUSINESS
Trade Spotlight: What should investors do with GE Shipping, Lupin & Cadila Healthcare?
Here's what Ruchit Jain, Senior Analyst- Technical and Derivatives, Angel Broking Ltd, recommends investors should do with these stocks when the market resumes trading today:
BUSINESS
After The Bell: RBI lifts market mood, what should investors do on Thursday?
The Nifty looks set to test 15,000 on the upside in the short term. The swing low of 14,416 will act as a reversal level for the bullish stance, experts say.
BUSINESS
Trade Spotlight: What should investors do with Tata Elxsi, Tata Consumer & Rushil Décor?
Stocks that were in focus include Tata Elxsi, which closed with gains of over 9 percent, Tata Consumer, which fell nearly 5 percent, and Rushil Décor that rose nearly 9 percent on Tuesday.
BUSINESS
DAILY VOICE | Market willing to give higher multiple to firms that can deliver higher growth: Srinivas Rao Ravuri of PGIM India MF
We believe investors have become wiser from last year’s experience and are not panic selling. In the short run, markets are driven by liquidity and sentiment, said Ravuri.
