« back to moneycontrol
« back to moneycontrol
28 May 2023
Sunday
Markets rangebound
Markets began the June series on a positive note with bulls making a strong comeback as the Nifty tested 18500 mark while Banking Index closed above the key psychological level of 44000 mark. The sudden up move in Indian markets got supported by gains in heavyweights like RIL, TCS, ICICI Bank & HUL. Positive commentary from US Fed, consistent FII buying and healthy results from Index heavyweights supported the sentiments. Global markets continued to remain cautious as investors remained cautious over the on-going US debt ceiling discussions that seem to have very little progress so far.
For the week, the Nifty ended higher by 1.6 pct to 18,499 levels while the Nifty Midcap 100 and Nifty Smallcap 100 index gained 2.7 pct and 1.2 pct respectively. On the sector front, the Nifty Metal index gained sharply by 5.7 pct, Nifty Pharma gained 3.9 pct, Nifty IT index gained 3.7 pct and Nifty FMCG index was up 3.1 pct. Nifty Bank index underperformed and was flat for the week.
On the portfolio action front, we booked 50 pct profit in Va Tech Wabag at Rs 450 and are holding balance for an upward revised target price of Rs 520. We also booked profits in Ami Organics at Rs 1,230.
Winning the market is creating the right combination of information, preparation and action. Ambareesh Baliga’s daily dose of advice and insights that equips you with the right information, analysis, updates and recommendations. Weekly report with detailed insights on the state of the market and where it may be heading along with one sound stock investment idea. Chat LIVE with Ambareesh Baliga every week.
Share Name | Date | Entry Price | Target Price | Exit Price | Return % |
---|---|---|---|---|---|
Tata Motors | 19th Feb, 2019 | 102 | 250 | 242 | +237.25 |
L&T | 30th Mar, 2020 | 798 | 1500 | 1500 | +87.96 |
Titan | 30th Mar, 2020 | 850 | 1400 | 1400 | +64.7 |
Britannia | 30th Mar, 2020 | 2213 | 3600 | 3635 | +64 |
Hero Motocorp | 30th Mar, 2020 | 1588 | 2800 | 2557 | +61 |
Ambareesh Baliga will identify investment opportunities in stocks with a medium to long term outlook. He will also give insights into how current business news and market activities affect specific stocks and sectors. Stock and market analysis will be rendered through SMS for timely action.
The weekly roundup report will provide detailed insights on the current and future market developments across the globe. It will outline investment opportunities in the week ahead.
Market analysis: This will give a detailed outlook on Nifty and also the major events driving the market.
Wealth Multiplier *: This identifies one strong fundamental stock recommendation along with the investment logic.
NOTE: *Wealth Multiplier – The term has been used to signify a potential outperformer
To get access to mailers on a real time basis on you mobile, log on to http://m.moneycontrol.com/gamechangers/ambareeshbaliga
Ambareesh Baliga empowers your investment decisions.
SEBI registered Research Analyst : INH000001139
FULL REFUND TRIAL PERIOD