Periods of extreme market pessimism might offer the most valuable clues for traders
The company, which sells a range of motorcycles in the country, is looking to cross the 7,000 unit sales mark this year.
While the passenger vehicles (PV) segment is set for record sales in 2022 despite the lingering effects of supply chain constraints and semiconductor shortages, the two-wheeler space is yet to see sustained sales buoyancy after having suffered for most of the year.
The 30-share BSE benchmark Sensex advanced 303.38 points or 0.56 per cent to settle at 54,481.84. The broader NSE Nifty went higher by 87.70 points or 0.54 per cent to 16,220.60.
Around 40 percent of its business comes from the first half of the year and 60 percent from the second half. So a lot of projects will reach the peak stage in the second half of current fiscal. So Dilip Buildcon's Head of Strategy and Planning, Rohan Suryavanshi expects a strong secong half.
Gujral says it is still not time to buy into tech stocks, adding that they may see some volatility due to presidential elections. He keeps a short position till Nifty crosses the 8750 mark.
The chances of a market upturn may be minimal so Ashwani Gujral of ashwanigujral.com suggests investors can short at these levels.
Although there were pullbacks in the market, there was a lot of resistance around the 7800 levels, says Udayan Mukherjee in a freewheeling chat with CNBC-TV18.
Taimur Baig, chief economist, Deutsche Bank says there haven‘t been any major disinflationary moves in the past few months and hence, the March CPI inflation is unlikely to come down.
Market expert Ambareesh Baliga says the Coal India offer for sale (OFS) is coming at a very opportune time and retail investors should make the most of it.
Sudarshan Sukhani of s2analytics.com says the market has an upside momentum, but it is likely to get choppy in the upcoming days.
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The difference between a company that is doing well and one that is barely managing to survive is -- momentum
A business with momentum can overcome even the biggest of problems. However, when the same business begins to lose momentum, even the slightest of problems can hinder its growth.
It is momentum that keeps a business on the growth track depsite the many hurdles it may encounter. If momentum is lost, your business is most likely to suffer
Even from margin parameters, the mix from China has gone up from 24 percent to 26 percent. So, this will help in terms of margins.
Shankar Sharma of First Global feels we are still in a bear market, and the upcoming general elections will weigh on sentiment.
Advent Advisors' KR Bharat says that the current rally in the market is driven by liquidity and not by fundamentals. He advises on investing in fundamentally rich stocks. However, he also sees a secular bull run in the long-run.
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.
Entrepreneurship is often the art of making second best choices
Hero MotoCorp today reported rise in total sales at 4,87,545 units for July this year. The company says that the growth has come in the wake of good demand of motorcycle brands.
Ventura Commodities expect July MCX contract to see levels close to Rs 6,100-6,120 per barrel with a stop loss of Rs 6,010 per barrel.
Market is now in a period when it is not giving any sign and the charts are quiet, technical analyst, Sudarshan Sukhani, s2analytics.com said.
Talking to CNBC-TV18, Ambareesh Baliga, managing partner-global wealth management, Edelweiss Financial Services says that market volatility will continue for a while. He says the Nifty could touch levels of 5,950-5,970, but to rally further, the market will have to be backed by strong fundamentals.