Tech View: Nifty momentum indicators blink red. What traders should do next week
The short-term and the near-term trends of Nifty remain weak. A decisive move below 21,900 could open sharp weakness down to the next lower support of 21,500 levels in the near term. Immediate resistance is at 22,200 levels, said Nagaraj Shetti of HDFC Securities.
Concept of rural India has to do well for two-wheelers to do well is absolutely passé: Hero MotoCorp CEO
Niranjan Gupta, CEO of Hero MotoCorp, details the company’s strategic shift towards premium models, global expansion, EV (electric Vehicles) readiness, and market share growth through new product launches and customer-centric approach. He also said that the company upgraded 370 stores in the last 370 days, almost one store per day.
Mahadev betting app scam: 19 smallcap stocks crash up to 37% this month
Smallcap investors suffered losses due to the Mahadev Online Book scam involving entities like Hari Shankar Tibrewala. Several listed stocks linked to the scam saw significant value depreciation, causing panic in the stock market.
MFs cut holdings in 14 PSU stocks in February; seven of them see double-digit fall
Some public sector stocks faced corrections in mutual fund holdings, impacting companies like Indian Railway Finance Corporation and SJVN. Analysts caution against herd mentality, emphasizing valuation metrics over sector trends. However, defense and banking sectors show potential for growth.
Up to 458% returns in FY24 so far, 7 capital goods stocks now trading at discount from 52-wk top
S&P BSE Capital Goods index stocks outshine Sensex in FY24. Top performers include Transformers & Rectifiers (India), Shilchar, BHEL, Sanghvi Movers, Action Construction Equipment.
M&M, Eicher Motors among 8 stocks that earned upgrades in last 1 month. Check revised target price
Four brokers have upgraded the target price on NCC. Brokers have set an average target price of Rs 261 on the stock, showing an upside potential of 9% from the current market prices. The firm has a market cap of Rs 14,984 crore.
OMC stocks plunge up to 8% on cut in petrol, diesel prices; HPCL top loser
OMCs’ stocks plummeted up to 8% after a Rs 2 per litre price cut, impacting margins. Major companies like HPCL and BPCL faced significant share price declines. Motilal Oswal expects negative stock price reactions in near term.
F&O stocks to buy today: 10 short-term trading ideas by experts
Indian indices started low, with Sensex at 72,909 and Nifty at 22,096.50. India VIX rose to 13.81. Nifty is expected to revisit 21,900-21,850 zone with significant swings.
View: India has made it to the launchpad. It still needs a spark
India’s upcoming elections coincide with new trade agreements and surging economic indicators, including stock market highs and foreign investments. The economy’s growth rate stands impressively at 8.4%, showcasing stability and potential for further development.
Hot Stocks: Brokerages on Paytm, Info Edge and Westlife Food
Brokerage actions may impact One 97 Communications, Info Edge (India), and Westlife Foodworld. Jefferies sees NCPI approval for Paytm. BofA maintains underperform rating on Info Edge. Investec expects revenue and PAT growth for Westlife Foodworld.