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Taking Stock | Market remains on record-setting spree; experts see 58,700 immediate target for Sensex

BUSINESS

Taking Stock | Market remains on record-setting spree; experts see 58,700 immediate target for Sensex

Benchmarks Sensex and the Nifty hit fresh record highs of 58,194.79 and 17,340.10, respectively, in intraday trade.

Chemical stocks trade at high valuations. What should be your strategy for the sector?

BUSINESS

Chemical stocks trade at high valuations. What should be your strategy for the sector?

Opportunities will be manifold over the next five years, thanks to an increase in outsourcing and divestment in the developed world due to rising cost pressure, better availability of feedstock, and import substitution, say analysts. They also present a list of stock recommendations.

Happiest Minds surges 333% in CY21: What should you do with it at such rich valuation?

BUSINESS

Happiest Minds surges 333% in CY21: What should you do with it at such rich valuation?

Since its listing on September 17, 2020, the stock has surged 797% against its issue price of Rs 166. While the valuations appear to be a bit stretched, many analysts assign a hold rating. Read on to know why

Nifty IT up 41% in CY21 but analysts still bullish on the sector, here's why

BUSINESS

Nifty IT up 41% in CY21 but analysts still bullish on the sector, here's why

Digital transformation and cloud services have become a must as accessing and maintaining data from remote places has become important

Nifty snaps 7-day winning streak; here's why strong Q1 GDP print fail to cheer the market

BUSINESS

Nifty snaps 7-day winning streak; here's why strong Q1 GDP print fail to cheer the market

Global financial services firm Credit Suisse has said that most high-frequency indicators have been strong in the second quarter, so far, and the Q2 GDP could be 6 percent higher than the FY20 average

Banking index is gaining momentum. Can Nifty Bank breach 38,000 soon?

BUSINESS

Banking index is gaining momentum. Can Nifty Bank breach 38,000 soon?

Experts are of the view that the banking index may outperform in the coming sessions as Bank Nifty closed above the key resistance level of 36,400 on August 31.

Auto sector faces new headwinds, under pressure; what to buy?

BUSINESS

Auto sector faces new headwinds, under pressure; what to buy?

Government initiatives along with the economic recovery are expected to help the automobile sector, which has also pinned hopes on the upcoming festival season

Nifty has jumped 21% this year to close in on 17k, does this market have more legs?

BUSINESS

Nifty has jumped 21% this year to close in on 17k, does this market have more legs?

The Sensex has clocked a gain of 19 percent, while the Nifty has jumped 21 percent in 2021 so far. The influx of retail investors and abundant liquidity will keep the market aloft, say analysts

Q1FY22 GDP prints to come in healthy owing to low base. Can it lift the market sentiment?

BUSINESS

Q1FY22 GDP prints to come in healthy owing to low base. Can it lift the market sentiment?

The recent trends show that the economic recovery is picking pace and the trajectory of growth is likely to sustain in the current quarter also.

Sensex, Nifty rise over a percent each to new highs, 5 key factors behind the rally

BUSINESS

Sensex, Nifty rise over a percent each to new highs, 5 key factors behind the rally

The Nifty is trading with a positive bias and one should avoid taking any contra trades at this juncture until any reversal is seen, say analysts

Warren Buffett turns 91, what can retail investors learn from him in the age of FOMO?

BUSINESS

Warren Buffett turns 91, what can retail investors learn from him in the age of FOMO?

Buffett’s net worth is estimated at around is nearly $104 billion. It has taken some time building—he bought his first stock at 11. Play it long, keep it simple and be disciplined, perhaps best sum up his approach

Can Nifty break 17k? Experts on how market action could be next week

BUSINESS

Can Nifty break 17k? Experts on how market action could be next week

In the coming week, global cues, Q1 GDP numbers, COVID-related news flow and auto sales numbers of August will have their say in the market.

Taking Stock | Market ends in the green amid mixed global cues; investors richer by Rs 1.8 lakh crore

BUSINESS

Taking Stock | Market ends in the green amid mixed global cues; investors richer by Rs 1.8 lakh crore

The overall market capitalisation of BSE-listed firms jumped to Rs 243.7 lakh crore from Rs 241.9 lakh crore in the previous session, making investors richer by Rs 1.8 lakh crore in a single day

FIIs on selling spree: What’s unnerving FIIs? Will the trend reverse soon?

BUSINESS

FIIs on selling spree: What’s unnerving FIIs? Will the trend reverse soon?

The sell-off may continue until a tapering of the monetary stimulus triggers a correction in markets, experts said. Valuations in the Indian markets are high

Pharma sector under the weather, analysts share their stock picks

BUSINESS

Pharma sector under the weather, analysts share their stock picks

In 2021, the Nifty Pharma index has clocked a gain of just 7 percent, while the benchmark Nifty has jumped 19 percent

National Monetisation Pipeline may give a boost to infra projects; these sectors, stocks to benefit the most

BUSINESS

National Monetisation Pipeline may give a boost to infra projects; these sectors, stocks to benefit the most

The four-year leasing scheme announced on August 23 aims to monetise assets worth Rs 6 lakh crore between FY22 and FY25 and invest the proceeds in new infrastructure projects

Trade setup for Wednesday: Top 15 things to know before Opening Bell

BUSINESS

Trade setup for Wednesday: Top 15 things to know before Opening Bell

Key support levels for the Nifty are placed at 16,530.9, followed by 16,437.2. If the index moves up, the key resistance levels to watch out for are 16,682.7 and 16,740.8.

Q1FY22 earnings review: These 6 sectors may lead growth; a list of stocks that are worth a look

BUSINESS

Q1FY22 earnings review: These 6 sectors may lead growth; a list of stocks that are worth a look

The Q1FY22 earnings were led by metals, cement and oil & gas and these, along with few other sectors, are expected to continue to grow in the remaining year

Zomato shares continue to see profit-booking, should you also sell it?

BUSINESS

Zomato shares continue to see profit-booking, should you also sell it?

Brokerage firm ICICI Securities has initiated coverage on the stock with a buy call, fixing the target price of Rs 220 - a 73 percent upside from the stock's August 23 close at Rs 127.

Trade setup for Tuesday: Top 15 things to know before Opening Bell

BUSINESS

Trade setup for Tuesday: Top 15 things to know before Opening Bell

Key support levels for the Nifty are placed at 16,397.23, followed by 16,298.07. If the index moves up, the key resistance levels to watch out for are 16,594.04 and 16,691.67.

Speculative trade? Vodafone Idea shares swing between gains and losses

BUSINESS

Speculative trade? Vodafone Idea shares swing between gains and losses

Given that Vodafone Idea is currently running on fumes, it appears that the spikes in its share prices are primarily due to the hopes of its shareholders, said an analyst from CapitalVia Global Research.

Taking Stock: Sensex, Nifty rise a percent each; mid, smallcaps falter

BUSINESS

Taking Stock: Sensex, Nifty rise a percent each; mid, smallcaps falter

The market capitalisation of BSE-listed firms jumped to nearly Rs 240 lakh crore from Rs 239 lakh crore in the previous session, making investors richer by Rs 1 lakh crore in a day

Sensex took just 7 months to vault from 50k to 55k: 31 BSE500 stocks more than doubled

BUSINESS

Sensex took just 7 months to vault from 50k to 55k: 31 BSE500 stocks more than doubled

Among the sectors, BSE Metal has jumped more than 75 percent during Sensex's vault from 50k to 55k.

Trade setup for Friday: 15 things to know before Opening Bell

BUSINESS

Trade setup for Friday: 15 things to know before Opening Bell

Key support levels for the Nifty are placed at 16,309.03, followed by 16,253.67. If the index moves up, the key resistance levels to watch out for are 16,397.63 and 16,430.87.

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