Nifty holds steady above 22,000, with mid and small-caps gaining momentum. NSE sees a strong advance-decline ratio. Nifty auto and PSU Bank indices hit all-time highs. Gainers include Wipro, SBI Life, M&M, L&T, Maruti, and Adani Ports. Catch Nandita Khemka and Yatin Mota as they bring you the trade highlights on closing bell
Nifty snapped a two-day winning streak to end around the 17,000 mark yesterday on March 20 as big bank rescue fails to lift sentiment. UBS’ takeover of Credit Suisse at a discount of 60 percent and write-off of AT1 bonds worth $17 billion spooked sentiment. Meanwhile, the United States Federal Reserve kicks off its two-day FOMC meet later tonight. The central bank is expected to either pause or hike rates by 25 bps amid the banking turmoil. Ajay Bagga of Elyments Platforms shares his thoughts on the global bank failures, Fed’s rate path, and how to navigate the market volatility. We also discuss the market technicals and stocks like Ceat, PVR and J Kumar Infra with Sacchitanand Uttekar, Tradebulls Securities. Watch!
These are the stocks that will possibly be in the spotlight during trading hours on October 21st, Friday. We explain the reasons why these stocks are buzzing before the Opening Bell and the factors that could come into play in trade. Check out this curated list of buzzing stocks from the Moneycontrol markets team and why they are in the news.
The San Francisco headquartered company plans to use the funds for international expansion, with the focus on Western Europe
The right dose of equity coupled with gold and debt products can turn things around in the next year and even in the future, thus helping you navigate choppy waters with ease.
SBI is up 8 percent while SBI, Axis Bank, Tata Motors, Reliance and Tata Steel are top gainers while Cipla, HUL, Infosys. Asian Paints and HDFC Bank are losers in the Sensex.
Technical expert Sudarshan Sukhani of s2analytics.com in an interview to CNBC-TV18 said it is very important to now focus on the midcaps because even if the market keeps moving up, it will be a slow rally
SBI, ICICI Bank, HUL, Hero MotoCorp and ONGC are top gainers while Axis Bank, Adani Ports, HDFC, Lupin and Dr Reddy's Labs are losers in the Sensex
Global cues, meanwhile, are positive with the US markets rallying 1 percent ahead of it's non-farm payrolls report. The data is expected to show creation of 230,000 jobs in January.
The market has opened in the positive terrain led by short covering. The Sensex is up 128.76 points at 19474.46, and the Nifty adds 34.90 points at 5776.90. About 217 shares have advanced, 53 shares declined, and 24 shares are unchanged.
RBI will auction 7-day cash management bills worth Rs 3,000 crore today. RBI says cash management bills auction is based on multiple price method.
Apart from quarterly numbers of Infosys not coming through as per expectations, the company cutting their dividend was most unwanted, says Raamdeo Agrawal of Motilal Oswal Financial Services.
Today was a bad session for the market. For the last few days, the market looked constructive; particularly the broader market. Initially it looked like the market was falling in line with a similar theme for the first half of the day; the Nifty was flat, but a lot of the midcap stocks and smallcaps were doing well.
Market uptrend is likely to continue and for the coming trading week, traders should focus on midcap stocks rather than largecaps, says technical analyst Sudarshan Sukhani of s2analytics.com.
HTC has already kicked off 2013 with a bang by launching Indias first smartphone with a Full HD display. This trend will soon pick up pace as Sony gets
Ambareesh Baliga, Independent Analyst believes resolution of the fiscal cliff issue will be a key for market to move up next week.
Devangshu Dutta, Business Standard said it is difficult to set targets for the market because a new high means new territory. One can go in for high beta stocks, which seem to have participated heavily in the rally, said Dutta.
The key objective of any life insurance is to protect future income of the family, in case of untimely death of the bread winner says Pankaj Mathpal of Optima Money Manager.
HTC was so pleased with the success of One X and the response by the masses that it has decided to make it even better by introducing the One X+, a beefed up version of One X with a more refined UI...
Ok, so we have good news and bad news. The good news is that HTC has just announced their new ‘budget-friendly‘ droid called the Explorer that will hit retail shelves in India sometime next month.
"The central bank has taken an aggressive stance, throwing growth on the back burner," says Jagdish Malkani, Member of NSE & BSE. However, he believes that market has been resilient so far and the jury is still not out.