BUSINESS
Gold Price Today: Yellow metal trades lower; support seen at Rs 47,300
Buy gold around Rs 47,500 with a stop loss of Rs 47,280 for the target of Rs 47,950 and silver around Rs 67,100, with a stop loss of Rs 66,500 for the target of Rs 68,200, experts say
BUSINESS
Trade Spotlight: What should investors do with IDFC, Jubilant FoodWorks and Jindal Stainless?
IDFC rose nearly 12% to hit a 52-week high, Jubilant FoodWorks gained over 11%, and Jindal Stainless saw gains of over 18%. Read on to know what Shrikant Chouhan of Kotak Securities suggests investors should do with these stocks
BUSINESS
DAILY VOICE: George Heber Joseph of ITI MF shares ‘SQL’ methodology for wealth creation
The wide valuation gap between largecaps and small and midcaps has been filled. We are, therefore, cautious on the markets and on this segment for the near term, says Joseph.
BUSINESS
After The Bell: Nifty back above 15,800, what should investors do on Friday?
The index has to hold above 15,800 to witness an up move towards 15,962 and 16,000, while on the downside, support is at 15,700 and 15,600, say experts.
BUSINESS
25 stocks from top 5 PMS schemes outperformed Nifty in June, worth a look?
The Nifty midcap 100 and Nifty smallcap indices were up 4-5 percent in June compared to about a percent rise in the Nifty. Most schemes that outperformed them are from the small, midcap or multicap space
BUSINESS
Stock Mantra: SAIL gave multibagger returns in 1 year. Technical formation suggests a retest of its 52-week high in 3-4 months
SAIL has been buoyed by a rally in metal prices and the company has also been reducing debt.
BUSINESS
Gold Price Today: Yellow metal trades flat, crucial support placed at Rs 47,400
Gold has support at 47,400-47,180 and resistance at 47,770-47,920, while for silver, support is at 66,800-66,400 and resistance at 67,700-68,100 levels, say experts
BUSINESS
Has the market texture changed from 'buy on dips' to 'sell on rallies'? Maybe not, say experts
Since March 2020, there has been four intermediate corrections, each lasting between 7-11 per cent. Even if there is a 4-5% correction now, we are still within a bull market. This is the eighth time since June, the Nifty50 is witnessing selling pressure above 15,900, they say.
BUSINESS
Trade Spotlight: What should investors do with ACC, Birla Corp and Ambuja Cement?
Here's what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today
BUSINESS
DAILY VOICE | India needs 2nd stage of reforms to kick-start investment cycle: Rahul Singh of Tata MF
All things considered, the market appears to be around its fair valuation, hence the returns from equities will now track medium-term earnings performance, beyond the current fiscal year, says Singh.
BUSINESS
Tech startups such as Zomato and Paytm unlikely to become the next HDFC Bank or TCS after IPOs, says Shankar Sharma
Shankar Sharma on Zomato IPO: Globally, if you look at Grubhub, which is a similar company to Zomato, that also didn't do well at all in the post-listing aftermarket. Typically overhyped IPOs don’t do too well in the aftermarket, and Burger King was a good example
BUSINESS
After The Bell: Market falls for the third day, what should investors do on Thursday?
The index has to cross and hold above 15,700 to witness an up move towards 15,800 and 15,900, while on the downside, support exists at 15,550 and 15,450, say experts
BUSINESS
Stock Mantra: Happiest Minds stock quadruples in 2021; is it still a buy?
We believe the stock is currently overvalued and is trading above its fair value. Also, the stock is currently trading at P/E of 135 which is much higher than its peers and industry P/E of 33, suggest experts.
BUSINESS
Where AMCs invested in June – 15 large, mid & small cap stocks on the buy list
The number of systematic investment plans in various schemes of mutual funds went up to 40.2 million in June from 38.8 million in May
BUSINESS
Gold Price Today: Yellow metal trades higher; experts say buy on dips for target of Rs 48,300
Buy gold on dips around Rs 47,920 with a stop loss of 47,700 for the target of 48,300 and silver around Rs 66,800 with a stop loss of 66,400 for the target of 68,000, say experts
BUSINESS
Trade Spotlight: What should investors do with Welspun India, Angel Broking & Indiabulls Real Estate?
Stocks that were in focus include Indiabulls Real Estate, which rallied over 11 percent and hit a fresh 52-week high. Welspun India rose more than 6 percent while Angel Broking,too, ended with gains of over 6 percent. All these stocks hit a fresh 52-week high during the session.
BUSINESS
After The Bell: Indices drop over 1% but IPOs shine; What should investors do on Tuesday?
On the technical front, Nifty has formed the Doji candlestick pattern as well as confirmed the Hanging Man Candlestick pattern which suggests negative movement for tomorrow, says Sumeet Bagadia of Choice Broking
BUSINESS
Stock Mantra: This largecap underperformer from pharma pack is set to challenge its 52-week high in 2 months
Sun Pharma has been in a long-term uptrend. The stock, unlike its peers, is moving steadily and giving periodic dips. This price action has led to the formation of a higher top, higher bottom structure, says Siddharth Bhamre of InCred Capital. Buy it in the Rs 685-695 range, for a target of Rs 810, he recommends.
BUSINESS
Caution! 'Mid and small-cap indices near overbought levels'
Agarwala of YES SECURITIES is bullish on Godrej Properties, Bata India and L&T in the shot-term
BUSINESS
Realty check: Indiabulls Real Estate and Sobha could rally another 8-10%, says Rajesh Palviya of Axis Securities
Godrej Properties, DLF, Prestige, and Indiabulls Real Estate are looking good. The chart pattern indicates that we can expect the momentum to continue and further higher levels are likely for real estate stocks, says Palviya.
BUSINESS
Nifty 50 in sight of 16,000. 10 trading ideas by experts for next 3-4 weeks
The Nifty50 is trading above the 20 and 50-Day SMA which is an important short-term moving average, indicating a positive bias in the short term.
BUSINESS
Gold Price Today: Yellow metal trades flat; experts say buy for a target of Rs 48,440
Gold is choppy as support from safe-haven buying amid rising virus cases, uneven recovery and rising inflation concerns are countered by firmness in the dollar, weaker investor interest and sluggish consumer demand.
BUSINESS
Will turn cautious around 16300–16500 zone on Nifty: Mehul Kothari at AnandRathi
Kothari is bullish on Godrej Properties, BPCL and RIL in the short term
BUSINESS
FOMO driving mid & smallcaps; avoid building aggressive long positions in Nifty: Nirali Shah of Samco Securities
Pessimist bulls are more cautious and lack aggression which is what we are witnessing currently. The trend which is still on the upside lacks the strength as valuations are on the higher side, says Shah.
