Tech View: Nifty likely to test 22,700 support. How to trade tomorrow
Nifty showed a bearish breakout from a symmetrical triangle, breaching key support at 23,260. Analysts project further downside to 22,700–22,800, with 23,000 as a critical support level. Pullbacks remain sell-on-rise opportunities.
Rupee shifting to 87-87.50 range against dollar; expects 50-75 bps rate cut in CY25: Upasna Bhardwaj
Upasna Bhardwaj, Chief Economist at Kotak Mahindra Bank, forecasts the rupee shifting towards 87 against the dollar. She projects GDP growth at 6.1% for FY25 with potential risks leading to a rate cut cycle starting in February 2025. Inflation could be around 5.3% due to rising food prices and a weaker rupee.
What to do with LTIMindtree, Kalyan Jewellers, Policybazaar? Sujit Modi of Share.Market decodes
Investors may focus on sectors like FMCG and utilities that rely on domestic demand and are less affected by currency fluctuations. Export-driven sectors such as IT and pharmaceuticals, might also offer opportunities as they benefit from rupee depreciation. It may be wise to avoid companies with significant foreign debt and may consider diversifying into other […]
2 liquor stocks may rally up to 19% on Q3 results, 3 other factors
Brokerages suggest that liquor stocks, particularly United Spirits and Radico Khaitan, may see an upside potential of up to 19% due to strong Q3 earnings forecasts, a softer base effect, beneficial regulatory changes in Andhra Pradesh, and a rise in demand for premium products.
2 sectors Aditya Arora is bullish on for near term
I guess one should participate in this bounce back because as I said largecaps are giving good signs right now and if that plays out, then the upside levels which I am watching out for are 23,350 to 23,600.
Crude oil-sensitive stocks fall as brent surges over $81 per barrel; HPCL, IndiGo, Kansai Nerolac drop up to 6%
Oil prices surged to their highest level in over three months, fueled by concerns that U.S. sanctions on Russia could reduce its oil output. Goldman Sachs indicated that Brent prices could exceed $85 per barrel if Russian production continues to decline.
Adani Wilmar shares fall 8.3% on day 2 of OFS, retail investors join as large stake sale continues
Adani Wilmar share price: The company is a joint venture between the Adani Group and Wilmar International, is a prominent FMCG player in India, known for its essential kitchen products. Despite its strong market presence, the stock has faced challenges, declining by 26% over the past year.
Stock market valuations in ‘Fair Value Zone’; but elevated risks persist: Vetri Subramaniam
I tend not to think about it in terms of triggers. The fact of the matter is, we are in currently a slightly weak patch in terms of economic growth. Certainly, there will be some improvement that should come through in terms of growth in the second half of the year.
Interarch Building shares rally 4% on bagging Rs 221 crore orders from Tata Projects
Interarch Building Products shares surged 3.7% on January 13 after securing Rs 221 crore worth of projects from Tata Projects in the semiconductor and lithium-ion battery sectors. These projects, located in Assam and Gujarat, align with India’s push for enhanced domestic manufacturing. The company aims to support India’s tech and sustainable energy goals, reinforcing its […]
Sandip Sabharwal sees limited upside in Avenue Supermarts amid tough market conditions
The other companies which could potentially benefit just because of the valuation correction would be the consumer names which we have been talking of that consumer names are more near the bottom and to that extent, they should be accumulated now and they always tend to outperform in a risk-off mode in any case.