BSE Smallcap index declined 9 percent, BSE Midcap index down 2 percent, while BSE largecap index added 10 percent in last one year.
Experts feel that economic activity is likely to remain muted and investors will be better off with companies that are likely to benefit the most from the corporate tax cut.
Experts feel Diwali 2019 to Diwali 2020 period could be an exciting phase for the markets, expecting the market to return 15-25 percent.
Use add on dips strategy from henceforth as experts feel bull run has begun with the solid rally seen in second half of September.
After the mega booster, most brokerages raised their Sensex and Nifty target by 15-20 percent from September 19's closing levels and also raised earnings estimates for sectors such as banking & financials, FMCG, auto
According to Kotak Institutional Equitie , companies under its universe may see 0-18 percent earnings growth in the current financial year.
Market experts advise a prudent, stock-specific approach in such an uncertain market
Umesh Mehta, Head of Research, Samco Securities said the first year of any government is generally turbulent and it may not really cheer the stock market
If Nifty manages to trade above 11,000 consistently then it may induce rally towards 11,250-11,400.
HSBC said Q1 cigarette volume growth was slightly below its expectations. While valuation undemanding, taxation path remains a key risk, it added.
Mitessh Thakkar of mitesshthakkar.com advises buying Power Grid with a stop loss of Rs 206 and target of Rs 218.
Ashwani Gujral of ashwanigujral.com suggests selling State Bank of India with a stop loss of Rs 361, target of Rs 346 and Kotak Mahindra Bank with a stop loss of Rs 1520, target of Rs 1465.
We have a positive view on the company over medium to long term and have a buy rating with a target price of Rs 352 per share.
Sudarshan Sukhani of s2analytics.com recommends buying Axis Bank with stop loss at Rs 798 and target of Rs 820 and Bata India with stop loss at Rs 1445 and target of Rs 1489.
The global investment bank expects a growth in sales for consumer companies from 4QFY20E partly driven by softer comps
But, comparatively, more companies have seen an EPS downgrade than an upgrade
On profitability front, the company has reported a growth of 19 percent in its net profit which came in at Rs 3, 481 crore in Q4-FY19 vs Rs 2, 933 crore in Q4-FY18. EBITDA margin came in at 38.1 percent.
We are of the view this financial year will be for mid-caps positive performance due to improvement in earnings, inline monsoons as per expectation and constructive reforms by new government.
Sun Pharma has support around 370-390 but it seems unlikely that the stock will hold on to that level.
The Midcap and Smallcap stocks are going weak and therefore it would be advisable to stick to the largecaps with strict stop losses, as far as short-term trading in concerned
Ashwani Gujral of ashwanigujral.com recommends buying Indraprastha Gas with a stop loss of Rs 320, target of Rs 345, Hindustan Unilever with a stop loss of Rs 1730, target of Rs 1765 and Titan Company with a stop loss of Rs 1110, target of Rs 1140.
Elections would continue to be on top of everyone’s mind in the short term along with corporate earnings
Rajat Bose of rajatkbose.com recommends buying Hindustan Unilever with stop loss below Rs 1727 for targets of Rs 1755 and Rs 1773 and Maruti Suzuki with stop loss below Rs 7424 for target of Rs 7520.
Sudarshan Sukhani of s2analytics.com recommends buying HDFC with stop loss at Rs 2010 and target of Rs 2040, Bata India with stop loss at Rs 1396 and target of Rs 1424 and Britannia Industries with stop loss at Rs 2955 and target of Rs 3015.
We expect Bank Nifty is expected to trade in range of 29,500-30,100 in coming week.