Tech View: Nifty forms long bull candle, may test 24,580-24,640. Here’s how to trade on Wednesday
Nifty’s upward momentum is expected to continue after surpassing the key resistance level of 24,400. According to Nagaraj Shetti of HDFC Securities, the index could reach 24,960 in the near term, with immediate support at 24,250.
Largecap stocks getting good flows, not largecap funds: DP Singh, SBI MF
DP Singh from SBI MF discusses the latest AMFI data showing increased SIP flows in equity funds. While largecap funds show muted inflows, midcap and smallcap funds continue to receive strong investments. The market remains optimistic about future fund flows.
Expect the market to rally more toward Budget date: Andrew Holland
Andrew Holland, CEO of Avendus Capital Public Markets Alternate Strategies, anticipates a pre-Budget rally in IT, banking, FMCG, and power sectors, aided by post-election gains, rural spending, and renewables. Key areas include consumer stocks, affordable housing finance, and power financers like PFC and REC. Power cables and the beverage sector also appear promising with increasing […]
Want to invest in Warren Buffett style? Check out these 5 Indian stocks
If you follow the investment philosophy of Warren Buffett, chairman and CEO of Berkshire Hathaway and one of the best stock pickers in world history, a custom screen by MarketSmith could prove useful. This filter lists Indian stocks aligned with Buffettology principles.Here are 5 stocks that match Warren Buffett’s style of investing, as listed on […]
Tea stocks rally up to 16% as tea prices likely to soar further
Tea stocks soar as prices spike due to heatwave and floods, reaching new highs. India’s struggling tea industry could benefit from the surge, but financially weak producers still face challenges.
Maruti Suzuki zooms 6%, becomes top Nifty gainer as UP waives registration fees for hybrid vehicles
Maruti Suzuki shares rise by 6% as UP government waives off registration tax on hybrid cars, offering potential benefits up to Rs 3.5 lakh for customers and leading companies. UP witnesses a significant increase in retail sales of passenger vehicles. The move aims to promote environment-friendly vehicles in the state.
Next 5 years may belong to REC & PFC; housing a 25-50-year story: Deven Choksey
REC and PFC are not expensive and given the kind of balance sheet strength that they have created and the kind of liability franchise that they have, these companies would eventually have far better performance to talk about. The next five years could belong to lenders like REC, and PFC in India, says Deven Choksey.
Mphasis to trade ex-dividend tomorrow; last chance to be eligible for Rs 55 dividend
Mphasis announced a dividend of Rs 55 per share for eligible shareholders for Q4FY24. Today is the last day to buy shares to qualify for the dividend payment. Shareholders have been consistently rewarded over the years.
ETMarkets Smart Talk: Union Budget 2024 likely to focus on fiscal disciple, tax rationalization & driving capex cycle: Jiten Doshi
While the market did react sharply to a scare of discontinuity against single-party-majority system which we witnessed for the last decade, it soon corrected upon assessing the construct of the new coalition and the structure of cabinet which clearly drives on a dominant thread of continuity in the core ministerial council and portfolios – giving […]
Big movers on D-Street: What should investors do with Tata Motors, Adani Wilmar and PC Jewellers?
Sensex and Nifty ended flat. Tata Motors rose 0.93%, gaining 182%, supported by averages and EPS, and in accumulation phase. Avoid Adani Wilmar despite its 1.92% rise. PC Jewellers jumped 10%, rebounding off the 50-day average and hitting strong RSI levels. Target for Tata Motors is 1170. Recommendations for these stocks vary.