Nifty holds steady around the 21,650 mark. Mid & smallcaps outperform benchmarks. India VIX cools further; breadth in favour of gainers. Autos zoom ahead led by 2-wheeler stocks. PSU banks, energy stocks gain; IT cautious ahead of earnings. FMCG, Metals and pharma under pressure. Nifty gainers: Hero Moto, Bajaj Auto, RIL, BPCL, Axis. Nifty losers: DRL, Infosys, SBI Life, HUL, L&T, HCL. Catch Yatin Mota and Nandita Khemka as they discuss stocks on their radar.
Indiabulls Housing Finance Ltd (IBHFL) today pre-closed its bonds issue after it received bids of over Rs 7,200 crore, more than twice the offer size.
Leading media firm NDTV Ltd on June 14 said it has been issued show-cause notices by market regulator SEBI for alleged violation of takeover norms with respect to timely disclosure of some share transactions of its promoters
The National Highways Authority of India will start the sale of tax-free bonds on Thursday, December 17 with a plan to raise Rs 10,000 crore. The issue closes on December 31.
Dipan Mehta recommends investing in pharma, IT, consumer-oriented stocks and private sector banks until elections.
According to Dipan Mehta, member of BSE and NSE, one may prefer IT, pharma, private banking stocks and consumer oriented stocks.
Dipan Mehta, member of BSE and NSE advises to go for Indian FMCG companies like Dabur India, Emami, Marico, Godrej Consumer and Britannia Industries instead of HUL and Nestle.
The move is part of a surveillance review to safeguard interest of investors in the capital market.
The listing price of FLF, which was created in November 2012 from the demerger of the lifestyle businesses of Future Retail and Future Ventures, will be based on market discovery.
In an interview to CNBC-TV18, Mehta says investors who are generally underweight on Infosys and overweight on Tata Consultancy Services (TCS), HCL Technologies may again do that recalibration and go back to equal weight in Infosys.
Dipan Mehta, Member BSE and NSE told CNBC-TV18 that investors are better off just in a wait and watch more until the overseas problem is not resolved.
Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Dipan Mehta, member, BSE and NSE advise investors to use the market fall to buy and bet on LIC Housing Finance and BHEL
Dipan Mehta, Member, BSE and NSE is of the view that one can prefer Development Credit Bank (DCB), Yes Bank and ICICI Bank. These banks offer the best returns for investors within that particular sector.
Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Dipan Mehta, member, BSE advise investors, in an interview to CNBC-TV18, not to go short on the Nifty at 5,700 and bet on the pharma and power sectors.
Eros Worldwide, a promoter entity of Eros International Media, will sell 2.8 per cent of its holding in the the film distribution on December 20.
Dipan Mehta, member, BSE and NSE says, 4,800 or so is not out of the reach of the market, if nothing happens. "Government inaction will dampen the sentiment, rupee may go for a toss and it may impact FII flows."
The wholesale price index (WPI) rose 7.55% in May from a year earlier. Dipan Mehta, member, BSE and NSE says, today‘s number certainly diminishes the chances of a rate cut. He further says, it is important for the Nifty to hold the 5,000 level.
One can avoid oil marketing companies, says Dipan Mehta, Member, BSE and NSE.
Currently, Infrastructure Development Finance Company (IDFC) and L&T Infrastructure Finance, both engaged into infra lending business, are running two retail issues offering 9% rate of interest per annum. Should you invest?
The relief rally from 4700 to 5400 has ended, according to Sudarshan Sukhani of Technicaltrends.com, who feels "sell on rallies" will be the mantra going forward.
Dipan Mehta, member of BSE and NSE told CNBC-TV18 that the Nifty would recover the current losses and post a higher top from the 5,150 levels or thereabout. He indicated that the market might trade on the positive side post RBI policy, unless the RBI decides to increase interest rate by another half a percent, which is on the cards too.
In an interview to CNBC-TV18, Jagdish Malkani, member, BSE and NSE said, one cannot predict the market now. “There are too many imponderables, but the fall is overdone,” he added. According to him, 4,700 will be protected.
Dipan Mehta, Member, BSE and NSE says, the market could continue to trade in a bit of a narrow range, between 5,400 and 5,600. “An exaggerated move could come only if these two levels are pierced and market trades above or below those levels for maybe two-three trading sessions,” he adds.
In an interview with CNBC-TV18, Dipan Mehta, Member, BSE and NSE says investors can enter the market now and average lower. “The risk-reward ratio is coming back in favour of taking long investment or long position in stocks,” he adds.