Stocks to Watch: Check out the companies making headlines before the opening bell.
Weak futures data, along with weakness in Silver Mini prices, indicates downward momentum
Moving averages are bullish in Tata Communications
The conglomerate was a net buyer of equities in the quarter, reporting $3.8 billion in purchases, according to results released Saturday. It was a net seller in the second quarter of last year.
USD-INR is expected to remain sideways within our range. A Double Butterfly (Asymmetrical) trade to capitalise on
Power Grid Corporation of India is expected to remain sideways within our range. An Iron Condor trade to capitalise on
Policybazaar has broken out of a long-term decline
Positive futures data and prices breaking out of Bollinger bands indicate further upside move in AU Small Finance Bank
With the overhang of monetary policy now behind us, the geo-political tension between China & Taiwan will be in focus, as any flare up in the region may lead to panic situations across the globe, says Amol Athawale, Deputy Vice President - Technical Research, Kotak Securities.
For Prince Pipes, the daily and weekly strength indicator RSI is in a bullish mode, indicating strength in the short to medium- term time frame
For the week, 17,500–17,650 remains a sturdy wall and until it is surpassed convincingly, tentativeness at higher levels will persist
Based on the open interest future percentage, a long unwinding was seen in 37 stocks including Bharat Electronics, Bosch, Firstsource Solutions, Ipca Laboratories, and Sun Pharma
Europe’s bond investors, caught between a central bank raising rates for the first time since 2011 and the prospect of a recession are braving some of the wildest swings on record by some metrics.
The consolidation and rangebound trade can continue in the coming week with focus on global cues, domestic data points and last phase of corporate earnings, though the overall tone is likely to be positive, experts feel
The benchmark indices overcame high volatility to end the week higher, with the Sensex closing 1.42% up at 58,387.93 and Nifty 1.39% at 17,397.5
We believe a lot of companies in the small and mid-cap space are ready to outperform, given that they’ve completed or are close to completing their capacity expansions, are sitting on lean balance sheets, generating healthy cash flows and are trading at reasonable valuations post the correction.
With data indicating slowing global growth, central bankers themselves have started communicating a softer pace of tightening going forward. Importantly, central bankers have highlighted that data will significantly determine the pace of monetary policy tightening going forward.
Syrma will finalise the basis of the allotment of shares by August 23 and will initiate refunds to unsuccessful investors by August 24. Equity shares will get credited to the Demat accounts of eligible investors by August 25.
The pharmaceuticals sector has witnessed a sharp correction and quality stocks in the sector are available at compelling valuations.
In the last week, the Nifty Midcap index rose 1.7 percent, Smallcap index added 2 percent and Largecap index rose 1.4 percent
The Indian rupee witnessed a rangebound movement in the last week and ended on flat note at 79.24 per dollar on August 5 against its July 29 closing of 79.26.
A look at the current macro readings is enough for the RBI governor not to budge and dilute his ‘withdrawal of accommodation’ stance
Markets work on expectations, and with commodity prices cooling off and global inflation contracting, equity investors are buying on the expectation of an economic recovery.
Holding the Option beyond a certain point in time was Dysfunctional Risk. Since the extra holding period did not give enough rewards to justify the risk of Buying the Option.
While rate hike process may not reverse anytime soon, the pace may moderate before a pause.