The index is just 25 points away from turning negative for the year 2019, and has fallen 4,219 points or little over 10 percent from its record high of 40,312 registered in June 2019.
For markets to do well, more aggressive steps and reforms are needed, says UBS
A peculiar pattern of gradual recovery post sharp decline is observed within the index as the broader structure continues to be rangebound since 28th August.
Liquidity has flowed to a few stocks which have shown relatively better earnings, and over the long-term experts feel that stock prices will mimic earnings growth.
India is still a stock picker’s market and there is scope for active management, and for fund managers to deliver alpha over the long term. says Sampath Reddy.
For positional traders or medium-term investors’, our advice would be to buy in select largecap companies between 11300 and 11100 levels.
The index formed a Bearish Belt Hold kind of pattern on the daily charts while a bearish candle on the weekly charts for the second consecutive week in a row.
Considering uncertainty of trade war and weak domestic economic data, the upside would be capped to 3 to 4 percent in the near term for the Sensex and Nifty.
Metals are under pressure due to US-China trade war issues, says Umesh Mehta of SAMCO Securities
FMCG sector tends to remain under pressure, underperforming benchmark Nifty. Realty index has stood out as among the top 5 gainers in previous pre-election rallies.
Mindtree has by far the strongest digital capabilities and the rumoured stake sale by a large investor may support the stock momentum that investors can ride on
Good support for Nifty at 10840-10860. Till this level is intact one should trade with positive bias
During July-December 2018 period, eight companies fell into the mid-cap category from largecap, 13 moved from small-cap category to mid-cap category
High beta stocks have already run-up in the recent past when Nifty rallied from 10,000 mark to 10,980 levels, and any bottom fishing before general elections could result another round of upside bounce for the stocks
The general rule is that when a stock is trading below its 5-year PE, it usually indicates sluggish movement in price, which is further linked to earnings potential
Being a quick learner is important now. One must put learnings to work very quickly. While time in the markets is most important, one must ensure timely investment actions happen very quickly
The distinct variance in large and small cap stocks has its beginning in policy changes, which ended up hurting the segment it was trying to protect.
India’s answer to Facebook, Apple, Amazon, Netflix and Google is its own set of top performers.
The broad market is under a phase of consolidation, and the extent of this consolidation will depend on global development like trade war and stability in the bond yield.
Asset managers do not expect the underlined stocks returning to their highs, even if the Nifty regained its peak
A sustained trade below 10,540 can extend the weakness and drag the index lower to levels of 10,320-10,200. However, a trade above 10,750 i.e. 61.8% Fibonacci retracement level can resume the uptrend taking it to levels of 10,835-10,900.
Net Sales are expected to increase by 12 percent Y-o-Y (up 6.3 percent Q-o-Q) to Rs. 495.2 crore, according to KR Choksey.
Net Sales are expected to increase by 28.2 percent Y-o-Y (up 8 percent Q-o-Q) to Rs. 1,069.4 crore, according to KR Choksey.
Net Sales are expected to increase by 43.2 percent Y-o-Y (up 7.6 percent Q-o-Q) to Rs. 537.9 crore, according to KR Choksey.
Net Sales are expected to increase by 15 percent Y-o-Y (down 4.4 percent Q-o-Q) to Rs. 1,375.7 crore, according to KR Choksey.