Cnx It

The top Indian IT companies that have declared their results may differ in growth and margin numbers but the one thing that ties them all together is the increasing attrition rate 

Market Update: IndusInd Bank hits new 52-week high; HCPL top Nifty gainer, ICICI Bank up 1.5%

The market breadth was in favour of the advances with 1150 stocks advancing while 576 declined and 304 remained unchanged. On the other hand, in the BSE, 1617 stocks advanced and 925 declined and 135 remained unchanged.

Markets to rally some more; Nifty may touch 9900: Ashwani Gujral

Bank Nifty is outperforming and CNX IT, being a weak group, tends to pull Nifty down, says Ashwani Gujral.

Hindalco, Cox & Kings and TCS among top 10 stocks in news

Stocks in news are: Thermax, Crompton Greaves, Voltas, Hitachi Home & Life Solutions, Blue Star, Hindalco Industries, Tata Consultancy Services, Infosys, CNX IT, Cox & Kings, Jayaswal Neco Industries, Zensar Technologies, Astra Microwave Products, Advanta, Adani Power.

Stay on long side, let market do what it wants: Sukhani

Technical analyst, Sudarshan Sukhani of s2analytics.com spoke with Reema Tendulkar and Sonia Shenoy of CNBC-TV18. He shared his reading and outlook on the market and also gave recommendations on various stocks.

Mkt pullback seen; buy IT, Bank Nifty: HDFC Securities

Dipen Sheth of HDFC Securties believes the recent weakness that has crept into the system provides long-term investors opportunities to buy quality stocks.

Wipro may dip to Rs 520-510: Anuj Jain

Anu Jain of IIFL-Private Wealth Management feels that Wipro may dip to Rs 520-510.

Go long in Nifty, Bank Nifty; buy gold, Bata India: Sukhani

Defensives are likely to be in focus now because base building seems to be happening over there according to SudarshanSukhani.

Buy all 3 indices; like Aixs Bank, TCS, LIC Hsg: Sukhani

The trend for the market is still up. After the upmove, the market is now in a trading range which is likely to break on the upside, says Sudarshan Sukhani.

Bank Nifty to sustain recent gains; buy on dips: CK Narayan

The Bank Nifty seems resilient and more willing to sustain gains made over the last week, says CK Narayan of Growth Avenues. Furthermore, he advises investors to buy Bank Nifty on dips to 16,300 levels, where he sees well-defined support.

Sensex gains 109 pts; banks lead, HCL Tech & TCS tank 9%

Banks topped the buying list today with the Bank Nifty rising 2.5 percent as top lenders State Bank of India, HDFC Bank and ICICI Bank rallied 2-3 percent while housing finance company HDFC gained 1.7 percent.

Nifty to remain choppy, says Mohit Gaba

As of now the bias on the Nifty is negative however there may not be big down side, we could see a choppy market for the next few session, says Technical Analyst, Mohit Gaba.

Nifty may correct, says Mohit Gaba

Technically we should assume the trend is up until it does not break 6540; however there is a possibility we might start to move lower as CNX IT and pharma sectors have started to correct, says Technical Analyst, Mohit Gaba.

Stay cautious, says Mohit Gaba

The CNX IT and the Pharma sector did not contribute again hence I recommend staying cautious on this up move. Also we are close to major resistance zones, around 6350-6400, says Technical Analyst, Mohit Gaba.

Nifty close to major resistance of 6350: Gaba

The worrying thing is the CNX IT and the pharma sector did not contribute to the up move yesterday hence I have my doubts about how long this rally will last, also we are close to major resistance zones around 6350, says Technical Analyst, Mohit Gaba.

Nifty may fall further: Mohit Gaba

The banking pack is set up well for a move lower and hence we could move a few hundred points lower on the index, says Technical Analyst, Mohit Gaba.

Take long positions in Nifty, Bank Nifty: Sukhani

In an interview to CNBC-TV18, Sudarshan Sukhani suggested short-term traders to take long positions in the Nifty and the Bank Nifty. "The short-term momentum in the market is in the favour of the bulls unless something unexpected happens. The market is now towards crossing all-time highs. So, one can prefer banks," he added.

More correction seen; sell on rallies, buy on dips: Sukhani

Technical analyst, Sudarshan Sukhani of s2analytics.com feels that this market is not going to 6,300 in a hurry. He suggests to trade extreme rallies on Nifty and buy the dips.

Bulls seem to be losing control, sell Bank Nifty: Sukhani

In an interview to CNBC-TV18 technical analyst, Sudarshan Sukhani of s2analytics.com shared his reading and outlook on the market.

Sell if Nifty sees 5740; CNX IT may test 5200: Jai Bala

In an interview to CNBC-TV18, Jai Bala, chief market technician, Cashthechaos.com shared his view on the market and stocks across various sectors.

See deeper cuts if 5548 snapped; wary of HCL Tech: Jai Bala

Nifty which closed below its 200-Day Moving Average for the first time after August 2012 is likely to hold on to current levels, however if it breaches the November low of 5548 then, bears are likely to unleash on the street

Bank Nifty under pressure; short OBC: Sudarshan Sukhani

Technical analyst, Sudarshan Sukhani, s2analytics.com says Bank Nifty is showing signs of pressure since both its components, the PSUs and the large private banks are showing weakness.

Bullish on mkt till mid-Jan; buy Titan Indus: SP Tulsian

In an interview to CNBC-TV18, SP Tulsian of sptulsian.com says that he is optimistic on the market till mid-January due to heavyweight results like Tata Consultancy Services (TCS), Axis Bank, Wipro, Reliance Industries, HDFC Bank all lined up for the next couple of days.

HCL Tech, a safe bet on long side; target Rs 750: Agarwal

One can go long on HCL Technologies with a stop loss of Rs 620 for the target of Rs 750, as it is a relatively safe bet on the long side, says Shubham Agarwal of Motilal Oswal Securities.

Don't see signs of weakness in Nifty yet: Anil Manghnani

Bank Nifty seems to have gone a bit sluggish these last few sessions. In an interview to CNBC-TV18, Anil Manghnani, Modern Shares & Stock Brokers defended the statement and said that yesterday stocks like Axis Bank, Yes Bank did well.