-
While the market has rallied smartly, the rally has been highly concentrated with the top 15 stocks contributing over 70 percent of the returns.
-
IT and pharma are preferred themes by experts after June quarter earnings
-
Derivative data witnessed strong & confident CE writing open interest mounting at 11,100 & 11,200 strikes which could face significant unwinding pressure once the index surpasses 11,100 mark.
-
Infosys posted an 11.5 percent YoY growth in net profit at Rs 4,233 crore while Wipro posted a flat 0.11 percent YoY growth in net profit at Rs 2,390.40 crore.
-
The Nifty50 and the Sensex have rallied 41 percent from the lows of March 23, with leading sectors gaining 32-55 percent during the period.
-
Axis Securities added ITC and CCL products in its list of top picks as it sees value buying and small cap allocation increasing, while the brokerage dropped Aarti Industries and Escorts from its list.
-
As fundamentals will take time to turn positive, investors should stick to quality largecaps rather than midcaps or smallcaps.
-
Largecaps or sector leaders are the safest bet during a crisis because the recovery momentum generally reflects first in these stocks, say experts.
-
Bank Nifty decisively surpassed major resistances in the last week and managed to close above 20 DMA indicating short term trend has reversed. However previous swing high and crucial resistance is standing near 20000 mark.
-
This war between USA & China may intensify further & may take ugly shape going forward, which may change World Power Equation post-COVID-19 era, Amit Jain of Ashika Wealth Advisors said.
-
The first round of stimulus announcements failed to cheer investors and the market would now wait for the complete announcements and lockdown 4.0 details for the next move.
-
The index has given a breakout of inverse head and shoulders pattern on a lower time frame by giving decisive close above 9000 levels and target as this pattern is also around 9600 levels.
-
Ashwani Gujral of ashwanigujral.com recommends selling Kotak Mahindra Bank with a stop loss of Rs 1,200, target at Rs 1,080 and Tata Consultancy Services with a stop loss of Rs 1,730, target at Rs 1,660.
-
Prakash Gaba of prakashgaba.com recommends buying Balkrishna Industries with target at Rs 1180 and stop loss at Rs 1143 and Bharti Airtel with target at Rs 582 and stop loss at Rs 554.
-
Vineeta Sharma of Narnolia Financial Advisors also feels results declared so far have been slightly below their estimate.
-
Credit Suisse maintained outperform call on the stock and raised price target to Rs 700 (from Rs 665) as it feels Q3 was an all-round beat with yet another guidance raise.
-
Mitessh Thakkar of mitesshthakkar.com advised buying Apollo Hospitals with a stoploss of Rs 1,440 and a target of Rs 1,500.
-
As market was testing new highs, emergence of geopolitical tensions could force people to book profits, said experts
-
Most experts see FII flows moving towards few largecaps in coming year also
-
Mitesh Thakkar of miteshthakkar.com recommends buying Adani Power with a stop loss below Rs 63 for target of Rs 67 and PAGE Industries with a stop loss of Rs 23200 for target of Rs 24400.
-
Sudarshan Sukhani of s2analytics.com recommends buying Bosch with stop loss at Rs 15030 and target of Rs 15865 and Bharti Infratel with stop loss at Rs 249 and target of Rs 262.
-
Sudarshan Sukhani of s2analytics.com recommends buying HCL Tech with stop loss at Rs 542 and target of Rs 585 and ICICI Prudential Life Insurance with stop loss at Rs 487 and target of Rs 515.
-
Mitesh Thakkar of miteshthakkar.com recommends buying HDFC Bank with a stop loss of Rs 1232 for target of Rs 1265 and JSW Steel with a stop loss of Rs 254 for target of Rs 269.
-
FII remained net sellers last week as they sold equities worth Rs 1,272.41 crore.
-
The BSE and NSE will remain open for an hour on October 27 for the Muhurat Trading.
