Stock Market LIVE Updates: The Nifty futures were trading around 18,703 level on the Singaporean Exchange at 7:25 IST.
Lending institutions –banks as well as non-banking financial companies are expected to deliver another year of strong earnings growth.
Primary trend of Marico has been bullish as it has been forming higher tops and higher bottoms on weekly charts. Stock price has been finding support on its 50-day EMA.
Mahindra Lifespace Developers has formed long bullish candlestick pattern on the daily timeframe with robust volumes and making higher tops, higher bottoms for second straight session. The stock climbed 8.3 percent to Rs 440, the highest closing level since October 12 last year.
Based on the OI percentage, 87 stocks, including Astral, Lupin, Indiabulls Housing Finance, Titan Company and National Aluminimum Company, saw long build-ups.
For this week's series, the Nifty still has high OI concentration of call writers at 18,600, 18,700 and 18,800 levels
The sentiment and trend remains positive. The Nifty is moving towards 18,700-18,800 and then probably the record high of 18,887, with crucial support at 18,400, say analysts
The benchmark indices ended higher with the Nifty at 18600. On the Nifty, ONGC, Power Grid Corporation, HCL Technologies, Divis Laboratories, and BPCL were among the top gainers, while Titan Company, SBI Life Insurance and Tata Steel were among the biggest losers. All sectors except IT and oil & gas ended the day in the green. Watch Yatin Mota on Moneycontrol for all the latest market news and analysis.
The BSE midcap index rose 0.4 percent and the smallcap index added 0.3 percent.
Indian shares advanced on May 29, led by an uptick in financials while improved global cues due to a weekend debt ceiling deal in the US added heft. Ten of the 13 sectoral indexes logged gains with high weightage financials rising over 1 percent. ICICI Lombard General Insurance surged around 10 percent after ICICI Bank's board approved raising its stake in the company by 4 percent. Nandita Khemka and Yatin Mota discuss the newsmakers on their radar including ICICI Lombard and BHEL only on closing bell.
HSBC emphasises that the earnings trajectory will be a crucial factor, with an anticipated 19.2 percent on-year growth expected for the Nifty 50 index in FY24
It’s a marvellous Monday for market as the Nifty index reclaimed the 18,600 level with an impressive triple-digit rally. The mid and small-cap indices are also showing strength, adding to the positive sentiment. Global cues playing a significant role in boosting investor confidence, with news of US lawmakers reaching an 'in-principle' agreement on the debt ceiling. Nifty Bank hits a fresh high to trade near the 44,400 mark. Among the other sectors, FMCG, and metals are emerging as top gainers, while pharma and energy are facing some downward pressure. M&M, Hindalco, IndusInd Bank, ITC, and HDFC are among the top Nifty gainers while ONGC, Sun Pharma, Divi's Lab, and HCL Tech are on the losing side today. M&M shares positive growth prospects, expecting the SUV segment to grow over 10% and foreseeing potential market share gains in the tractor business. ICICI Lombard is also witnessing a rally as ICICI Bank has announced plans to increase its stake beyond 50%. Clean Science saw notable equity changing hands, while Balkrishna Industries' shares tumbled by 9% due to a YoY decline in Q4 profits. Investors are also keeping an eye on upcoming earnings reports from IRCTC and Adani Transmission. Catch this mid-day market mood check between Nandita Khemka & Yatin Mota to know more about all the buzzing stocks in today’s session!
India's market capitalization currently stands at $3.31 trillion. It is now ranked fifth among the top 10 most valued countries. Since the beginning of this year, it has experienced an increase of almost $330 billion mcap.
Option data shows heavy straddle trade at 18,600, meaning traders believe the index may stabilise at this level for the day.
The 18,350-18,400 levels are expected to act as a strong support zone and if held in the forthcoming week, the Nifty will start moving towards 19,000 levels, according to experts
Asian shares and U.S. stock futures rose on Monday, buoyed by a weekend deal by U.S. President Joe Biden and congressional Republican Kevin McCarthy to suspend the government's debt ceiling, ending a months-long stalemate and angst for investors. Meanwhile, benchmark indices off to a good start for the June series, with Nifty just shy of the 18,500 mark. Now, there's potential for further upward movement - will the Nifty surge to new 2023 highs? Also on the show, stocks in focus: ICICI Bank, Lupin, Sun Pharma and BHEL. Watch Stacy Pereira, Moneycontrol in conversation with Prashant Sawant, Catalyst Wealth.
Nifty staged a remarkable run on Friday to shut shop near the 18,500 mark. Benchmark indices hit a 5-month high while the midcap index rallied over 3% last week. Will the momentum continue this week? We discuss the chart set up for the Nifty and stocks like Maruti, ONGC, BHEL, NCC & Clean Science among others with Nilesh Jain of Centrum Broking. Meanwhile, US President Joe Biden and top congressional Republican Kevin McCarthy have come to a preliminary agreement to increase the federal government's debt ceiling of $31.4 trillion. This agreement will potentially prevent the world's largest economy from slipping into a disruptive default. But will this just be a short-term reprieve for the markets? Seth Freeman, Managing Director, B Riley Advisory Services explains! Watch
InCred Equities’s vice president (equity advisory) is expects Nifty Bank, FMCG, IT and auto indices to maintain their momentum. Read on for his picks for June series
B2B manufacturing across auto ancillaries, CDMO (contract development and manufacturing organization) and businesses which have process led efficiencies will continue to generate accretive growth.
Stock Market LIVE Updates: Except IT and oil & gas, all other sectoral indices are trading in the green.
HDFC AMC has formed healthy bullish candlestick pattern on the daily charts with above average volumes, after Tweezer Bottom candlestick pattern formation in previous session, which is generally a short-term bullish reversal pattern. The stock climbed 5 percent to Rs 1,856 on the NSE.
Cummins India has been a steady outperformer in the capital goods space for the last many months now. The stock has seen a series of ‘Higher Highs Higher Lows’ in all time frame charts without any major correction.
The short-term outlook remains robust. If the Nifty moves above 18,350, it can rise to 18,600. If the index drops below 18,350, traders should exit long positions, analysts say
Suresh Soni believes the capital goods sector would continue to report good earnings based on above parameters.
Earnings announcements will continue to take centre stage next week, especially in the small and midcap segment with over 1,700 companies declaring their quarterly numbers