Like the Nifty50 index, Nifty Bank extended its gains for the fourth straight session and rose 0.74 per cent, almost in line with its headline peer.The banking index continued the momentum it had in the early hours of trade and managed to hit the intraday high of 40,904.30 on Tuesday.
Tuesday’s market action signal a formation of spinning top-type candle at the high, said Nagaraj Shetti of HDFC Securities, who said such a formation after a reasonable upmove or at the hurdle could be considered as a reversal pattern post confirmation.
Nearly half of the purchases have been in the five-year 7.38% 2027 and the former benchmark 6.10% 2031 bonds, which have seen inflows of 16 billion rupees and 15 billion rupees, respectively, during this period.Goldman Sachs had said last month it expects an inclusion of Indian bonds in global indexes this year.
The general belief is that debt is essential for a company to bring in fresh money for growth. The problem occurs only when the management is not able to manage its debt level efficiently. It will be an ideal scenario if the company balances the debt levels and at the same time is able to […]
In the Nifty500 pack, 10 stocks are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when a short-term moving average crosses over a major long-term moving average on the upside. These stocks’ 50-day simple moving averages (SMA) crossed their 200-day SMAs on September […]
The brokerage has initiated coverage on recently-listed Campus Activewear with a buy rating and a target price of Rs 570. The stock has been buzzing of late as it has rallied over 16 per cent in the past week and 27 per cent in the last month.
This hope, along with easing commodity prices and healthy June quarter results, has led to the return of FPIs to Indian bourses, easing investor concerns.
Speaking at a Federation of Indian Chambers of Commerce and Industry (FICCI) event, she said that transparency is the leading foundation to ensure trust among the investors to ensure growth and development of a business.
Nifty50 reclaimed the 18,000 mark after five months. The bullish sentiments on Dalal Street are pushing ample action in select stocks. Market analysts are positive on specific counters from IT, banking and others. Based on their recommendations, here are trading ideas that can deliver strong returns in the near term:
Below is a list containing Midcap stocks which in the past 1 week gave positive stock returns; had their latest average SR+ score of minimum 7 which also improved by at least 1 point week on week; had a minimum of 4 analysts recommending the stock with a rating of “Strong Buy” or “Buy”; and […]