The wide valuation gap between largecaps and small and midcaps has been filled. We are, therefore, cautious on the markets and on this segment for the near term, says Joseph.
Analysts say dividend stocks can be great for investors looking forward to generating income and are best suited for people looking for better returns than debt
The index has to hold above 15800 zones to witness an up move towards 15915 and 16000 zones, while on the downside support can be seen at 15700 and 15600 zones, suggest experts.
As far as levels are concerned, 15,820 – 15,880 are immediate resistances, whereas 15,550 – 15,450 – 15,400 are support levels, suggest experts.
Stocks in which the Big Bull reduced stake include Tata Comm, Titan, and VIP Industries. Stocks in which his stake was cut below 1% include Indiabulls Real Estate, ION Exchange, Firstsource Solutions, and GMR Infra.
The index has to hold above 14,500 to witness an upmove towards 14,700 and 14,800, while on the downside, support exists at 14,400 and 14,250 zones, say experts.
The quality of an investor’s portfolio is directly proportional to the quality of advice. Investors must ensure their hard-earned money is invested in businesses that are capable, reliable, and are future-ready.
Sectorally, action was seen in oil & gas, utilities, public sector, power, and metal, while auto, banks, finance, healthcare, realty and telecom witnessed profit booking.
From a valuation perspective, most of the IPOs were offered at higher valuation but growth potential makes them an attractive buy even now or on dips, suggest experts.
While FAANG and Tesla are favourites and frequently traded, people are seriously investing beyond regular stocks, highlighting the rising consistency in the tracking of US market.
The market is heading for 14,580/49,600 levels, which is a crucial hurdle point for the market. On the decisive break of 14,580/49,600 levels, it would result in retesting of 14,650/49,800 levels.