BUSINESS
Trade Spotlight: What should investors do with IRCTC, Oberoi Realty & Prestige Estate?
For IRCTC, any decline near Rs 2,300 levels would be a good opportunity to add the stock for a target of Rs 2,700 levels over the next few months, says Vikas Jain, Senior Research Analyst at Reliance Securities.
BUSINESS
DAILY VOICE | Chinese companies' IPO traffic may shift to Hong Kong from US, says Piyush Nagda of Prabhudas Lilladher
One of the direct beneficiaries of the Chinese crackdown will be the Indian startup space. Ed-tech and fintech companies that are not yet listed will gain more, says Nagda
BUSINESS
Technical indicators suggest some caution in small & midcap space: Aditya Agarwala of YES Securities
Broader markets continue to outperform the headline indices, however, the move is getting stretched and both the indices are approaching their respective pattern resistance trendlines which suggest that the uptrend may pause or enter a minor corrective phase in the coming weeks.
BUSINESS
FIIs seems to be creating short positions via options near resistance levels: Anu Jain of IIFL Wealth
FIIs’ option data indicates that they are using the range extremely well. They seem to be creating short positions via options at the upper end of the band and reversing and creating long position at the lower band. That explains the swift recovery from 15,500 levels.
BUSINESS
Destination 16K: 10 buy ideas for August series
Technical experts are of the view that the index is stuck in a range of 400-500 points, where 15,900-16,000 are acting as a stiff resistance and 15,450-15,500 as the crucial support. If a breakout takes place in the northward direction, we may not see any bigger move. If it is downwards, brace yourself for tougher times, the say.
BUSINESS
DAILY VOICE | Tech based IPOs which may look expensive today could turn out to be wealth creators in 5-10 years: Jyoti Roy of Angel Broking
The key philosophy behind investing is to always buy into good business with sound management at reasonable valuations and to avoid companies that have a balance sheet and corporate governance issues, says Roy
BUSINESS
A close above 16000 on Nifty in August series could pull the index towards 16400 – 16500: Mehul Kothari of AnandRathi
Rollover of Nifty stood at 82.76%, which is higher than its quarterly average of 76.06%. The high rollover figure is mainly due to the low base of open interest, says Kothari.
BUSINESS
Global demand-supply mismatch post-recovery led to rally in metal stocks: Mitul Shah of Reliance Securities
FIIs withdrawal from Indian equity is fueled by movement in US markets, currency movement, and economic development in global markets, says Shah.
BUSINESS
Here are 2 possible theories which can explain China’s crackdown on ed-tech companies
The crackdown on ed-tech companies has been severe. The for-profit ed-tech companies have been clearly told that they can’t be in a for-profit business, says Vijayakumar.
BUSINESS
Small & Midcap Mantra: Fortis Healthcare charts signal 30% rally in 4-6 months, time to buy?
Technically, the stock is trading well above the short and long-term moving averages which is a positive sign for the bulls
BUSINESS
Zomato up 85% after listing; UBS, JM Financial start coverage with buy rating
Brokerages have set a target of Rs 165-170 for Zomato shares, a 17-20% gain in the next one year from the July 29 close of Rs 141
BUSINESS
Gold Price Today: Yellow metal trades flat, experts say support level at Rs 48,000
Gold has support at Rs 48,055-47,800 and resistance at Rs 48,500-48,720. Silver has support at Rs 67,700-67,100 and resistance at Rs 68,500-69,100 levels, suggest experts.
BUSINESS
Trade Spotlight: What should investors do with Tata Steel, Hindalco and Balrampur Chini?
Stocks that were in focus include Tata Steel, which rose nearly 7 percent to hit a 52-week high, Hindalco Industries (gained over 10 percent), and Balrampur Chini (gains of nearly 8 percent). All 3 stocks hit a fresh 52-week high on Thursday
BUSINESS
DAILY VOICE | Srinivas Rao Ravuri highlights 4 reasons why retails investors fancy tech-based IPOs
We are positive in the IT sector as digitization and outsourcing gained strong traction in recent quarters. Indian IT companies have gained scale, global reach, and competence to capitalizing on these opportunities, says Ravuri.
BUSINESS
D-Street Talk: This PMS fund manager managing Rs 1150 cr see FII money moving to India post China crackdown but not immediately
Highlighting the impact of data privacy, Narayan said that if the services are free that you are the product. Effectively, it is true for so-called internet new-age disruptors or the app-economy.
BUSINESS
After The Bell: Bulls take control, here’s what investors should do on Friday
The Nifty continues to remain range-bound between 15,400 and 15,900. Both these levels are crucial and a break on either end can result in a 300-point move, say experts
BUSINESS
Curbs on Chinese tech firms will benefit Indian tech firms across domains: Deviprasad Nair of Helios Capital
We believe curbs on Chinese tech firms, in general, will benefit Indian tech firms across domains that are not only strengthening their base in India but are acquiring companies externally as well, says Nair.
BUSINESS
Robinhood makes Nasdaq debut, Vinay Bharathwaj of Stockal shares how Indians can invest in the brokerage
Indian investors cannot seamlessly participate in IPOs in the US but those looking to invest in Robinhood, can do so once it gets listed, by opening an international trading account, says Bharathwaj
BUSINESS
Small & Midcap Mantra: Dishman Carbogen is trading near crucial support, experts see up to 30% upside in short term
Experts suggest buying the stock or adding to existing positions at current levels or on dips. They see the stock surging to Rs 250-265, which translates into an upside of 22-30% from 28 July closing prices of Rs 204.9 on the NSE.
BUSINESS
Gold Price Today: Yellow metal trades higher post Fed meet, Silver September futures up over 1%
Gold price today: The metal has support at 47400-47180 and resistance at 47700-47850; silver has support at 65900-65500 and resistance at 66800-67400 levels, suggest experts.
BUSINESS
Trade Spotlight: What should investors do with Godawari Power and BLS International?
Stocks that were in focus include Godawari Power, which closed with gains of over 5%, and BLS International, which rose by about 11%, on Wednesday
BUSINESS
DAILY VOICE | Patchy monsoon, subdued Q1 results raise fresh concerns about economic growth and market valuation: Deepak Jasani of HDFC Securities
Markets globally are facing concerns of inflation, slowing growth due to Covid-2 and Covid-3 waves, and rising interest rates. The worry is whether the coming inflation is likely to be transitory or may extend over more than a quarter.
BUSINESS
After The Bell: Over Rs 1 lakh crore in market cap lost in just 3 sessions; what should investors do on Thursday?
The Nifty index has to hold above 15700 zones to witness an up move towards 15800 and 15850 levels while on the downside support exists at 15600 and 15500 levels.
BUSINESS
Crackdown in Chinese market to benefit realty, tech firms in India: Rahul Sharma of Equity99
Following the sell-off in China and tightening government regulations, foreign investors are expected to flow to developing countries especially India, says Sharma.
