Top 7 smallcap stocks where FIIs hiked stake in June quarter
Foreign institutional investors (FIIs) hiked stakes in around 62 Nifty smallcap stocks for the quarter gone by. Here’s a list of the top 7 stocks where FIIs increased their holdings in the June quarter. Interestingly, these stocks have also delivered double-digit returns to investors in FY23. Take a look (Source: Ritesh Presswala, Ace Equity)
Irrational exuberance! Last lot of new favorite mid, smallcap stocks in dubious category: Kotak Equities
Market sentiment is quite exuberant based on steep increase in the prices of many midcap and smallcap stocks, large inflows into midcap and smallcap mutual funds, and huge number of new retail participants in the midcap and smallcap funds, Kotak said.
Jefferies picks Tata Motors, Maruti, 7 other stocks to buy this reason
Jefferies picks Tata Motors and TVS Motor Company as its top picks from the pack while betting on Maruti Suzuki India (MSIL), Ashok Leyland, Bajaj Auto, Eicher Motors, Hero MotoCorp, Samvardhana Motherson and Sona BLW Precision Forgings. The brokerage has a ‘hold’ rating on Mahindra & Mahindra while and an ‘underperform’ on Bharat Forge
Tech View: Nifty @ 20,000 target achieved. What traders should do on Tuesday
Before ending Monday’s session 176 points higher, Nifty not only scaled a new record high but also crossed the 20,000 level for the first time ever. The milestone day was marked with a long bull candle on the daily charts.
Chart Check: Indian Hotels gave a channel breakout to hit fresh record highs; should you buy or book profits?
The stock also climbed above the 50-DMA on 30 August 2023 which suggests that the short-term momentum is on the upside. The stock hit a record high of Rs 436 on 7 September 2023.
Stocks to buy today: RIL, IOC among top 10 trading ideas
India VIX was down by 0.83% from 10.87 to 10.78 levels in the previous session. Volatility has been cooling off from the last three weeks and comforting the bulls for buying on declines.
Hot Stocks: Brokerages view on Persistent Systems, Ujjivan SFB, HDFC Bank and Craftsman Automation
Persistent has performed well recently in the last 1 month. The stock is not factoring in near-term softness – decision-making has not improved.
Asia stock markets weaken ahead of US inflation data
The US Consumer Price Index (CPI) for August is due out on Wednesday. Inflation is expected to rise 0.6% month-on-month for August, which would take the year on year rate to 3.6%, according to a Wells Fargo research note.
Realty stocks at year highs still have room for upside: Analysts
“The real estate segment often goes through an up-cycle of five to eight years and a market down cycle of 10-12 years,” said Gaurav Dua, senior vice president at Sharekhan.
Ongoing rally can take Nifty to 20,150: Analysts
Chart patterns suggest the zone of 19,550-19,600 will act as a strong support for Nifty going forward. Till the index sustains above 19,550, we may witness the continuation of this strong momentum up to the level of 20,100- 20,150.