Prabhudas Lilladher is bearish on Indraprastha Gas has recommended sell rating on the stock with a target price of Rs 374 in its research report dated July 29, 2024.
ICICI Securities is bearish on Indus Tower recommended sell rating on the stock with a target price of Rs 270 in its research report dated May 01, 2024.
Street experts say that the consolidation is normal right now as the market has entered an "overbought" zone
"With growing concerns about Emerging Market (EM) contagion, risk appetite for Asian assets may remain very selective in the near-term," OCBC Bank in Singapore said in a note.
Overall, the index has been making higher top and higher bottom formation while the supports are shifting higher from 9,075 to 9,119 on an immediate basis which is giving confidence to the bulls.
Kotak Mutual Fund is bullish on automobiles, cement and oil & gas companies, the fund‘s Chief Investment Officer-Equity, Harsha Upadhyaya told Moneycontrol.
After shedding management duties at his USD 30 billion family fund, legendary trader and investor George Soros has again taken to actively directing trades -- trades that reflect a starkly pessimistic outlook.
Talking about the property markets, he says that they are primarily improving in the big sea facing cities. But he said there there is still a lot of unsold apartments inland.
Religare is bearish on Siemens has recommended sell rating on the stock with a target price of Rs 750 in its research report dated March 04, 2016.
In a survey of global fund managers by investment bank Bank of America Merrill, only 12 percent of the respondents felt that a global recession can occur in the next 12 months.
Market expert Rajat K Bose of rajatkbose.com says that while the market breaching levels of 7650 is critical to decipher a significant direction for the market, the overall outlook continues to be negative.
Technical analyst, Sudarshan Sukhani of s2analytics.com spoke with Latha Venkatesh & Sonia Shenoy of CNBC-TV18. He shared his reading and outlook on the market and also gave recommendations on various stocks. He said, “We should be short or we should try to go short.†He believes the trend is down so he would be on the bearish side of the market.
CK Narayan of Growth Avenues says the market is grabbing onto every bad news that‘s coming its way and using that as an excuse to fall further.
Holland says the easy money has already been made and investors should brace for some tough months ahead. He sees little scope for an expansion in the forward price to earning multiple of the Indian market beyond 17, and does not expect the Nifty to top 9000 anytime soon.
Citi has retained its sell rating on the stock and sees volumes declining faster than rivals due to higher exposure to rural market, where consumption in general has been weak over the last few months
Tom Kendall, Head - Precious Metals Research, Credit Suisse, says gold may also slip to lower levels of USD 1000 per ounce if investors don‘t favour the precious metal as an asset class.
Benchmark oil prices may soften further this week if official data confirm factory activity in China slowed to its slowest pace in 11 months, implying lower demand for primary inputs from the world`s second-largest economy.
Two brokerage houses give contatian views on Sterlite Industries. What will you choose- bearish or bullish view?
In a note issued on Wednesday, Goldman said it also expected gold to average USD 1,165 an ounce in 2014 as previously forecast, although the price could reach USD 1,050 by the year-end.
The positive trend in the market may continue through the next week, believes Sudarshan Sukhani of s2analytics.com. He told CNBC-TV18 that the banking stocks are expected to do better than the last week.
Brokerages have turned bearish on Hindustan Lever. Some are even advising investors to exit through the ongoing open offer in which Anglo-Dutch parent, Unilever, is upping it's stake in its Indian arm to 75%.
Indian rupee opened lower at 56.54 per dollar on Monday. Gopi Suvanam, Founder, InvestWorks expects it to touch 62/USD over the next couple of months.
Sushil Kedia, Director - Quantitative Strategy, CIMB feels that it is difficult for the market to past 6,000 levels. Apart from Tata Steel and crain everything else looks bearish to him.
Given the slew of negative global and domestic news surrounding markets, the Nifty may fall 10% lower from current levels in next two-three months, warns Nilesh Shah - MD & CEO, ECR, Envision Capital.
There is a time-honoured tradition in statistics: whipping the data until they confess. Bullish and bearish equity analysts are equally guilty of this practice. It would seem that statistical conclusions are merely an ex-post justification of a long-held prior belief about equity markets being cheap or overpriced.