The domestic equity indices are likely to open on a positive note Friday tracking gains in global markets. Indian equities are set to extend 3-day gains. Over the last two days, the price pattern has displayed a notably bullish trend, with the market exhibiting resilience by rallying even amidst adverse news after defending crucial support levels. There's a strong possibility of witnessing all-time highs today or, if not today, then potentially in the month. Moreover, there are promising signs of a bottom formation in HDFC Bank, indicating positive momentum. Significant leadership signals are evident in SBI and Reliance Industries, suggesting robust market dynamics. Additionally, the outlook for IT stocks is optimistic, poised to resume their upward trajectory. The Midcap Index also appears primed to achieve a fresh lifetime high. Catch Nickey Mirchandani in conversation with Subham Agarwal, Co-fund Manager, Aequitas and Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One Ltd live on Moneycontrol
Indian equities would see more traction building in today's session. Action in Bank Nifty would be keenly watched out for. Previous sessions’s price action is a massive boost for the bulls. It highlights importance of screen based trading. Reliance is negating a lot of negative impact of HDFC Bank. Stocks to watch out for includes the likes of Paytm, Reliance Industries and Vedanta amongst others. Catch @onlynickey in conversation with Chandan Taparia ,Senior Vice President, Head - Derivatives & Technical Research , Motilal Oswal, and Anshul Saigal—market expert
Nifty & Sensex reverse losses witnessing a sharp recovery in the last hours of trade. Mid & smallcap indices too reverse losses, while gains were mainly led by PSU banks, private banks, as well as the Oil & gas stocks. Among stocks in focus will be M&M after clocking in 60% profits in Q3, Adani Enterprise was also abuzz after jefferies initated a buy coverage on the stocks PSU & OMC stocks were also on nandita Khemka & Yatin Mota radar. Here's a lowdown of all the trading action on Closing Bell
Rishabh Instrument’s Q3FY24 profit sinks 59%. Catch Nickey Mirchandani in conversation withDinesh Musalekar, Group CEO Rishabh Instruments live on Moneycontrol to know more.
Indian equities set for a crimson start on Valentine's Day| Opening Bell Indian stock markets are likely to open with losses on February 14, following sharp fall in major US indices overnight and weakness in Asian markets this morning. Experts are in wait and watch mode for more data after US CPI inflation came in hotter than expected. Stocks to watch out for include Adani Enterprises, NALCO, India Mart, Indiabulls Real Estate Catch Nickey Mirchandani in conversation with Aamar Deo Singh-Sr Vice President, Angelone and Andrew Holland--CEO, Avendus Capital Public Markets Alternate Strategies LLP
The Rs 72.17-crore initial public offering of Vibhor Steel Tubes will open for public subscription today. The steel pipes and tubes manufacturer has set the price band at Rs 141-151 per share. Vibhor Steel Tubes has collected Rs 22 crore from anchor investors before IPO launch. Watch the management on their plans of going public.
India VIX, also known as the Fear Index, is currently trading at approximately a six-month high, reaching a level of 16. Heightened volatility poses a challenge for traders looking to make aggressive directional bets. To gain insights into how to trade profitably in such conditions, we turn to market experts Rajesh Sriwastava, Derivatives trader, Rohit Srivastava, Founder of Strike Money Analytics and Indiacharts and Sudeep Shah, Head of Derivative and Technical Research at SBI Securities
The Indian equity market is expected to open on a cautious note on Tuesday tracking mixed global cues. Asian markets traded higher, while the US stock indices ended mixed overnight as investors awaited key US inflation data that will influence the Federal Reserve monetary policy.Stocks to watch out for include Coal India, SAIL, Dilip Buildcon, Ashiana Housing, One 97 Communications amongst others. Catch Nickey Mirchandai in conversation with Ajit Mishra, SVP-Technical Research and Prakash Diwan- Market Expert
PSU stocks come under pressure dragging the benchmark Sensex & Nifty lower. Sensex sheds over 450 points. Nifty Bank falls below 45,000 while the PSU Bank index cracks over 3%. But the wipe-out wasn't restricted to banking names. Rail PSUs like RVNL, IRFC, IRCTC, BEML crack 8-10% apiece while Power PSUs like SJVN, NBCC, NHPC were down anywhere between 10-20%. However, defensives like I.T. & pharma among top gainers today. Among the stocks in focus were Hero Moto Corp, Divi's Labs and Honasa Consumers post their Q3 earnings and brokerages adjusting their targets for these counters. Nandita Khemka & Yatin Mota discuss the highlights of the trading day on Closing Bell.
The company, which also houses brands like The Derma Co. and BBlunt, posted a 264 per cent jump in net profit to Rs 26 crore in the third quarter of FY24. Catch Nickey Mirchandani in conversation with Ram,anpreet Sohi, CFO, Honasa Consumer Limited live on Moneycontrol to know more.
Nifty rebounds after slipping in early trade, back to 21,790 levels, while Sensex gained 150-odd points. Broader indicies however, faced the wrath, midcap and Smallcap indices down 1 percent each. On the sectoral front, auto, capital goods, oil & gas, metal, power and realty down 0.5-2 percent each. On the other hand, PSU Bank and pharma indices up 0.5 percent each. Among stocks that were abuzz, LIC became India's 4th most valued firm whereas RVNL slumped over 8% after a disappointing Q3 earnings. Meanwhile, HSBC has a buy call on Zomato and has raised its target price to Rs 163 from the earlier Rs 150/share. Watch Nandita Khemka and Yatin Mota discuss details of the trading day on Closing Bell
Nifty erases early gains and slips deep into the red after RBI MPC held the repo rate steady. BSE Sensex tumbled 700 points while Nifty fell nearly 1 percent, dragged by banking stocks. PSU Banks were the clear outliers, with the PSU Bank index up over 3%, Whereas the laggards came from Auto's FMCG & private banks which caused the drag. Zomato posted a Q3 net profit of Rs 138 cr versus a loss of Rs 347 cr reported in the the same quarter the previous year. Other stocks in focus are Tata Chemicals, ITC & PayTM. Catch Nandita Khemka and Yatin Mota as thery discuss all this and more on Closing Bell
The MPC outcome is on expected lines. RBI will continue to focus on aligning inflation towards its target of 4 percent which is expected to be attained by the June-August quarter. But hopes of a rate cut will have to be pushed towards the second half of the year. Will the RBI throw some colour on the on-going PayTM fiasco? Watch Governor Shaktikanta Das address media queries post the announcement of RBI MPC decision.
The domestic equity market is expected to open positively tracking optimistic trends across the globe. The next big trigger for equity markets will be RBI policy meeting outcome on Feb 8th. Analysts believe that stock-specific action and sector rotation are likely to continue during this period of consolidation. Stocks to watch out for include Paytm, Britannia, Nykaa and Berger Paints amongst others. Within primary markets, Jana and Capital Small Finance Bank will open for subscription. Raashi Pheripherals to gain limelight too. Catch Nickey Mirchandani live in conversation with Rajesh Palviya · Senior Vice President Research (Head Technical & Derivatives ) at Axis Securities and Asutosh Mishra, Head-Research, INSTL EQUITY at Ashika Stock Broking.
Nifty reclaims 21,900; sees strong rebound after wobbly start. Broader markets outperform; Nifty Midcap 100 hits all-time high. NSE advance-decline ratio at 1.8:1. IT & energy clocking in big gains; metals, pharma & autos upbeat .Banks & FMCG under selling pressure. Catch Yatin Mota and Nandita Khemka as they discuss stocks on their radar including Bharti Airtel and Banks
Rashi Peripherals IPO will open on Feb 7 and remain open till Friday, Feb 9, 2024, The retail investors can bid for a minimum of 48 shares and in multiples of 48 after that. The minimum investment required by retail investors would be ₹ 14,160. Catch Nickey Mirchandani in conversation with Mr. Kapal Suresh Pansari, Managing Director and Rajesh Goenka, CEO of Rashi Peripherals to know more.
Nifty Back Above 21,700 Ahead Of Budget. PSU banks, pharma, autos & metals among top gainers .Mid & smallcaps outperform; advance-decline ratio at 2:1. Catch Nandita Khemka in conversation with Milan Vaishnav, Founder and Technical Analyst, ChartWizard FZE and Gemstone Equity Research
Domestic stock indices are likely to open lower on Wednesday amid mixed cues. Domestic traders will be on the tenterhooks ahead of the interim Budget on Thursday. Stocks to watch out for includes L&T, M&M Financial Services, PB Fintech and Voltas amongst others.Shares of Nova AgriTech will be listed on bourses today. Catch Nickey Mirchandani in conversation with Rajesh Palviya · Senior Vice President Research (Head Technical & Derivatives ) at Axis Securities and Sandeep Raina, Executive Vice President - Research, Nuvama Professional Clients Group
Indices at day's low; Nifty at 21,500, Sensex down over 800 points .Midcaps succumb to selling pressure FMCG, pharma, IT among top laggards. PSU banks, realty among sectoral gainers today .NSE advance-decline ratio at almost 1:1. Catch Yatin Mota and Nandita Khemka as they discuss stocks on their radar including Bajaj Finance and ITC.
BLS E-Services, a digital services provider launches its IPO on January 30, 2024.The company's extensive network enables them to offer a wide range of (B2C) and (G2C) services. The IPO price band has been fixed in the range of Rs 129 to Rs 135 per equity. Hear out from the management on why they chose to go public. Catch Nickey Mirchandani in conversation with Mr. Shikhar Aggarwal, Chairman and Non-Executive Director, BLS E-Services Limited live on Moneycontrol to know more.
The domestic equity indices, Sensex and Nifty 50, are expected to open higher on Tuesday, extending gains from previous session’s sharp rally, amid positive global market cues. Globally, the equity rally comes at the start of a week packed with big corporate earnings, European inflation data, Federal Reserve and Bank of England policy meetings and U.S. employment data that could shape the market's direction for months to come.For Indian equity markets, the key trigger will be Interim Budget which will be presented on February 1st. Stocks to watch out for include ITC, Bajaj Finance, Voadafone Idea, Marico amongst others. Catch Nickey Mirchandani in conversation with Sandip Agarwal -Fund manager, Sowilo Investment Managers & Brijesh Ail Head Technical & Derivatives, Retail Research (IDBI Capital Markets and Securities Limited) live on Opening Bell.
Nifty breezes past 21,700 amid pre-Budget rally. Nifty mid & smallcap indices move in tandem with benchmarks Nifty Bank surges over 500 points, reclaims 45,400. Energy, PSU banks, autos & metals among top movers .FMCG is the only sectoral loser. Catch Nandita Khemka and Yatin Mota as they discuss stocks on their radar including ITC and Adani Enterprises.
Nifty exhibits volatility, but is displaying signs of a reversal after it shut shop above 21,400 levels, snappning its 2-day losing streak. Whether it was short covering in most beaten down stocks. FIIs maintained selling pressure in the cash segment for six days in a row. Can we woo them back? Among stocks in news are Bajaj Auto, TVS Motors, Tata Steel, Tech Mahindra who will be reacting to their Q3 numbers, whereas earnings of ACC, Adani Power, Tata Tech will be announced today. Zee tries its best to revive the Sony Deal, Can it succeed? Stacy Pereira discusses all this and more with Chandan Taparia ,Senior Vice President, Head - Derivatives & Technical Research, Motilal Oswal and Dipan Mehta, Director, Elixir Equities
After a severe correction of 1.5%, the market may make an attempt to bounce back in the coming session, but the sustainability of higher levels is a key to watch out given the bears having in a strong position and the continuity of lower highs, lower lows formation on the daily charts. Hence, in case of bounce back, 21,300-21,500 are the levels to watch, whereas 21,200 may act as an immediate support followed by 21,000 as a key support, experts said. On January 23, the BSE Sensex plunged 1,053 points to 70,371, while the Nifty 50 tanked 333 points to 21,239. The broader markets fell more than the benchmarks as the Nifty Midcap 100 and Smallcap 100 indices corrected around 3 percent each on disappointing breadth. About six shares declined against one rising share on the NSE. Among stocks in focus will be Axis Bank, Pidilite, Bajaj Auto among others. Catch Nandita Khemka in conversation with Hemen Kapadia Senior Vice President, Institutional Equity, KR Choksey Shares & Securities and Kunal Shah, Senior Research Analyst, Carnelian Capital and Kunal Shah, Senior Research Analyst, Carnelian Capital.
Nova Agritech, one-stop solution provider by offering ecologically sustainable and nutritionally balanced products, would be hitting the primary markets with its initial public offering of nearly Rs144 crore on January 25th. The IPO comprises fresh equity issue worth Rs112 crore and an offer for sale (OFS) of 77.5 lakh shares. Nova Agritech has fixed a price band of ₹ 39-41 per share for its IPO. Investors can bid for 365 shares in 1 lot and in multiples thereafter. Catch Nickey Mirchandani in conversation with Kiran Kumar Atukuri, Managing Director & K. Srinivas Gunupudi, Chief Financial Officer of Nova Agritech Limited live on Moneycontrol to know more.