Overall it was a week where we saw a bit of consolidation and now we are forming a new range. For the last three, four sessions we have made bottoms around the 17150 to 17200 mark and recovered from those lows every time while 17500 is acting as a resistance.
Absolutely, the setup is quite good and if we see a lot of negative catalysts did come in especially this week with the Nancy Pelosi’s visit and the Chinese armed drills right off the shore of Taiwan, but still we saw the Taiwanese market going up nearly 2%.
RBI increased its benchmark repo rate for third time within four months on Friday as it reiterated its commitment to bring inflation down below its outer limit of 6%.The large investment losses overshadowed an otherwise solid performance with a loan growth of 15% driven by a 19% growth in retail loans and a 11% increase […]
On the other hand, on the lower time frame charts, the Nifty has created a potential top at 17500 levels. This level is likely to act as resistance unless it is taken out comprehensively. Until this happens, one can expect profit-taking bouts from higher levels. In the same breath, one also needs to keep in […]
ETMarkets Smart Talk: We continue to hold multibaggers despite target prices being met amid growth outlook: Richa Agarwal
Well, most of the earnings data, especially for mid and smallcap companies is yet to be announced. For the ones that have announced, while things look decent on the topline front, the margin pressure is visible for different sectors barring banks. But this is on expected lines, and we would not be surprised to see […]
Famous portfolio manager, Donald J. Kilbride says investors need to have a systematic and disciplined approach to investing and shouldn’t look to do anything flashy and over-complicated if they want to achieve great success in investing.
Airline operator SpiceJet was the best performing index stock, as it rallied 29.11 per cent for the week to Rs 49.45 a piece and now commands a market value close to Rs 3,000 crore. The stock surge amid news the airline is in talks with a Middle Eastern carrier for a 24 per cent stake […]
The company management also informed Jhunjhunwala that it has opened up a second Fastrack Prescription eyewear retail store, to cater to the youth segment. It plans to add 5-6 stores in the Bengaluru city and take the number to 25 across the country. The company said it is expanding into the lifestyle segment.
That stock markets are a shortcut to success is nothing but a fallacy. They are not. Investing in markets is akin to playing test cricket that tests your patience. Stock markets are inherently volatile, which stem from various factors.
The profit figure missed ET NOW poll projection of Rs 8,300 crore by a wide margin. Net interest income (NII) for the quarter rose 12.87 per cent YoY to Rs 27,638 crore compared with Rs 31,196 crore in the corresponding quarter last year. ET NOW poll estimated NII figure at Rs 32,500 crore.