US rate cycle, dollar movement to keep Indian equities volatile: Morgan Stanley
Steep rate hikes in the US and a slowdown in growth has increased the risk of the world’s largest economy entering into a recession. This does not bode well for India as, historically, domestic equities have entered into a bear market when the US slips into recession.
Bears could drag Nifty50 to 16,300 if RBI rings alarm bells
The correction seen by domestic equities in seven consecutive sessions indicates that investors have factored in a 50-basis-point hike in the repo rate by the RBI.
Nifty Bank: Key levels to watch out for on Friday
The index’s immediate resistance on the upside is at 36,400, and a breach of this will witness some short covering move on the upside towards 39,000 levels. The lower-end support is placed at 37,500. If that is breached, it will aggravate the sell-off towards 37,000-36,000 levels.
Tech View: Nifty fails to stage a rebound. What investors should do on Friday
We feel the overall tone would remain bearish until the Nifty reclaims 17,200. On the downside, a decisive break of 16,800 could further fuel the decline. Participants should align their positions accordingly and maintain positions on both sides.
$189 million boost! Adani Enterprises to get seat in Nifty on Friday
NSE reshuffles its indices semi-annually based on multiple criteria and six-month data ending January and July. The latest rejig will have Adani Enterprises overthrowing Shree Cement from Nifty50 which houses India’s top 50 listed companies based on market capitalisation.
Expect outperformance along with pain; if Nifty breaks 16,800 another attempt to bottom out likely: Gautam Shah
“What is discouraging and even scary is that 80% of the world equity markets are still in the bear market that started in October 21 and now we are near October 22 and so it has been one full year and the markets have been making a series of lower tops and lower bottoms but […]
Multiple triggers to drive rally in this Tata Group stock, but upside may be capped. Here’s why
After hosting the company management, Jefferies has pointed out key triggers for the company including higher occupancies, better margins and robust free cash flows which improve the outlook for the company in the longer term.
These 28 stocks zoom up to 70% in Q2; do you own any?
Last month, ICICIDirect Research initiated coverage on Mazagaon Dock with a buy rating and a target price of Rs 560, whereas Equirus sees Ceat at Rs 3,654 in next three years on the back of rising market shares of the tyre company.
Chart Check: Why RIL is a good buy on dip stock after 10% fall in a month
The share price of Reliance Industries is witnessing buying demand from the key support area of Rs 2,300-2,370 for the third time since May 2022, ICICI Securities said in a report.
Ashish Kacholia increases stake in this smallcap; stock rises 7%
According to the bulk deal data from BSE, Kacholia picked up 200,000 equity shares amounting to a 1.38 per cent stake at an average price of Rs 569.89.Ashish Kacholia’s purchase is valued at Rs 11.4 crore, according to the average price.Following the update, shares of Agarwal Industrial Corporation surged 7 per cent to Rs 640 […]