India remains a very attractive investment destination from a 5-10 years perspective: Jitendra Arora, ICICI Prudential Life
Honestly I do not think history in Indian markets will be very relevant here because some of these businesses we are seeing for the first time. Apart from the technical factors, we should also not forget that we have seen a rise in the interest rates which mean the cost of equity itself has gone […]
2 top stock recommendations from Aditya Agarwala
Bank Nifty is something that looks a little tired and a bit of a correction can be seen on that front. So traders should closely monitor 42,900 as that happens to be the immediate support, at the moment. If 42,900 breaks, then maybe traders can look for a short selling opportunity in the Bank Index […]
5 announcements from RBI Governor’s policy statement that spoilt D-Street’s mood
The six-member Monetary Policy Committee (MPC) with a five-to-one majority increased the repo rate. Since May, RBI has hiked the repo rate by 225 basis points.
Benchmark yield tops 7.30% as RBI hikes rate, sounds hawkish on inflation
Bond yields had dipped earlier in the session, tracking a slump in oil prices as the benchmark Brent crude futures declined below $80 a barrel. While the quantum of the monetary policy committee’s (MPC) rate increase was widely expected, the central bank vowed there would be no let-up in its fight to tame high inflation.
RBI policy outcome was as per market expectation: Nilesh Shah, MD, Kotak, AMC
Undoubtedly growth continues to soften. RBI itself has revised growth target downwards from 7% to 6.8% for FY23 but these are unusual circumstances. Globally there is a massive storm going on and within that India has so far done well.
The pressure on deposit rates will continue: Ashwini Kumar Tewari
From the past two years the corporate investment was muted and therefore our limits to corporates were not being utilised. Even the sanctioned term loans were also not disbursed to the extent we would have liked.
Chart Check: Range Breakout! Why NLC India can offer up to 50% upside in 6 months?
Recently, the stock gave a breakout from Ascending Triangle pattern, as well as the consolidation zone from 2007-2022 on the monthly charts adding to the bullish bias. Short-term traders can look to buy the stock for a target of Rs 130-165 in the next 6 months, which translates into an upside of about 50% from […]
The last big rally will be the dominant theme of 2023: Jim Rogers
We are getting late in the day historically and interest rates are rising because of inflation. We have printed staggering amounts of money and whenever you print huge amounts of money you have inflation and when we have inflation you have higher interest rates and higher interest rates are usually not good for markets.
Overall the markets are in a good spot: Hemang Jani, MOFSL
I think we keep getting this kind of block deals in the market and no doubt the size over here is a bit higher. But I think if the pricing is good there is enough appetite amongst the institutional investors and also some of the HNIs.
Death Crossovers: These 6 stocks signal further bearishness
Six stocks with a market cap of over Rs 1,000 crore are witnessing Death Crossovers, according to stockedge.com’s technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average on the downside. These […]