In today’s episode, we focus on HUL, Axis Bank, Wipro & UltraTech with CK Narayan of Growth Avenues. All your stock queries answered.
HUL earnings beats estimates, will others follow suit? We ask Kaustubh Pawaskar of Sharekhan
Moneycontrol's brand new live market show that brings you the ultimate vibe check on Dalal street.
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On Santo’s watch list is weak market on back of rising bond yields; IIP, CPI data and expectations from Infosys Q4. On CJ’s radar today: Nifty 50’s 17700 call option sees massive short positions; why Paytm & PVR are surging in a weak market.
The market remained sideward throughout the session as the benchmark Nifty failed to give a directional move. At close, Sensex was down 483 points, and Nifty was down 109 points. Among sectors, the power index rose 5 percent, the oil & gas index was up over 2 percent and the realty index added 1 percent, while IT and capital goods indices fell 1 percent each. BSE Midcap and smallcap indices were up 0.4 percent each.
Indian benchmark indices ended at day's high levels in the highly volatile session supported by the auto, bank, oil and gas and metal stocks. At close, the Sensex was up 231 points, and the Nifty was up 69 points. Among sectors, bank and oil and gas indices gained a percent each, and auto and metal indices added 0.5 percent each. However, selling was seen in the capital goods, IT and pharma names. The broader indices underperformed the benchmarks. BSE midcap and smallcap indices ended in the red.
Traders and investors should continue holding Deepak Nitrite and can expect upside towards Rs 2,400 followed by Rs 2,650. Downside support for the stock is placed at Rs 2,000 levels.
Experts expect some consolidation in the key indices and adjustments to continue in individual stocks. For the week ahead, in case of a consolidation, one should focus on stock-specific moves, which will provide excellent trading opportunities, they said.
On the short term time frame, BSE Limited has formed strong price volume breakout pattern. The texture of the pattern suggests breakout action will continue in the near term if stock succeeds to trade above Rs 2,400 level.
After a continuous fall in Ambuja Cements, prices have found support near its 200-week exponential moving average and in terms of candle stick counter has formed a Bullish Hammer pattern on the weekly time frame.
Balrampur Chini Mills has broken out from the downward sloping channel on the daily line chart. Sugar sector has been showing strength for last many months and the same is expected to continue in the coming days. Indicators and oscillators have been showing strength in the current uptrend. Stock is placed above important moving averages.
Crompton Greaves Consumer Electrical, falling 4.91 percent to Rs 407.45 per share, was the top loser in the NSE derivative segment. The scrip had gained nearly 13 percent in previous four sessions.
Max Financial Services has witnessed a falling trend line breakout on the higher side and closed convincingly above its support zone and formed a bullish Engulfing candle stick pattern on the weekly scale.
Sensex closes 778 points lower at 55,469 & Nifty 188 points lower at 16,606. Crude oil prices surged more than 7% to their highest since 2014. Losses in financial, auto and pharma stocks pulled the headline indices lower, though gains in oil & gas and metal shares lent some support. Here is all the market action of the day
Benchmark indices ended on positive note for the second consecutive day amid buying seen in the metal, oil & gas, power and IT stocks. At close, Sensex was up 389 points, and Nifty was up 136 points. Among sectors, except auto and bank all other sectoral indices ended in the green. BSE midcap and smallcap indices are up 0.8 percent each.
Sensex and Nifty50 recovered nearly half of previous day's losses in a rebound session, with gains across all sectors. PSU Bank, power, metal and realty indices rallied 4-6 percent. BSE midcap and smallcap indices rose 4 percent each.
Shrikant Chouhan of Kotak Securities speaks to Karunya Rao about the key technical levels to watch for Nifty and Bank Nifty, along with sharing his top trading bets and names to avoid
Indian benchmark indices registered seventh straight session fall with Nifty breaching 16,300 amid escalating Russia-Ukraine crisis. At close, Sensex was down 2,702 points, and Nifty was down 815. All the sectoral indices ended with a loss of 3-8 percent, while BSE midcap and smallcap indices shed over 5 percent each.
Although the quarter witnessed divergent results across various business segments, the long-term outlook for the AC manufacturing sector looks promising due to evolving consumer lifestyle, increasing income levels, rising temperatures and low penetration levels of ACs. So, which AC maker stock should you buy? Watch the video to find out.
Benchmark indices ended lower for the fifth consecutive session amid weak global cues due to Russia-Ukraine crisis. At close, the Sensex was down 383 points, and the Nifty was lower by 115 points. All the sectoral indices ended in the red with IT, metal, oil and gas, capital goods, FMCG, realty and PSU bank indices down 1-3 percent. BSE midcap and smallcap indices fell 0.7-1.6 percent.
Chalet has been forming a higher high - higher low pattern for the past couple of weeks after finding support near the Rs 211 mark.
Concerns around the profitability and the margins have triggered a 20 percent correction in Ambuja Cements’ stock in the last few months. MC Pro believes long-term investors should make use of the current volatility to build positions in the stock. Here’s why
Benchmark indices ended lower for the third consecutive session on February 18 dragged by pharma, realty, and oil and gas stocks. At close, the Sensex was down 59 points, and the Nifty was 28 points lower. On the sectoral front, except bank and capital goods, all other indices ended in the red with oil and gas and realty indices down 1 percent each. BSE Smallcap and Midcap indices have also ended lower.
Going ahead the volatility is expected to remain a part of intraday journey and traders will have to remain on toes, says Gaurav Bissa of Trustline Securities.
Benchmark indices on February 16 ended on a negative note in the highly volatile session dragged by auto, bank, metal and IT stocks. At close, the Sensex was down 145 points, and the Nifty ended 0.2% lower. Among sectors, selling was seen in auto, IT, power, metal, PSU bank, and capital goods, while healthcare, oil and gas, and realty indices ended in the green. The midcap index ended flat while smallcap index rose 0.4 percent.
The market continued its winning streak for the third day after the RBI’s Monetary Policy Committee kept the key interest rates unchanged and continued with 'accommodative stance'. At close, Sensex was up 460 points, and Nifty was up 142 points. All the sectoral indices ended in the green, with IT, bank, power, metal up 1 percent each. BSE midcap and smallcap indices ended flat
A bullish pole flag pattern on the weekly time frame seems to have completed its throwback near 61.80 percent Fibonacci retracement and the uptrend is most likely to stretch the prices further higher.
