Business correspondents urge RBI to ease domestic transfer limits and rules
Business correspondents have requested the RBI to double the monthly transfer limit to ₹50,000 and reduce two-factor authentication to once a month. They have also flagged misuse of the system by some entities to bypass TDS and GST rules using the payment gateway’s API.
Weakness in Nifty could intensify: Technical Analysts
Traders need to follow strict risk management in fresh trades. Bank Nifty has underperformed the benchmark index and closed with a fresh breakdown on the weekly chart. It is likely to underperform Nifty in coming days.
Hot Stocks: 4 stocks that may give returns between 20-78%
Analysts recommend PNB Housing Finance, Hyundai Motor, LIC, and Coal India stocks for their significant growth potential. PNB Housing potentially offers a 78% increase due to strong fundamentals, while Hyundai and LIC present considerable returns. Coal India is seen as top pick within metals and mining, driven by power demand and attractive valuations.
HCL Tech Q3 preview: Revenue may rise by up to Rs 6.8% YoY on software business growth
HCL Technologies is projected to report 4.3%-6.8% YoY revenue growth for Q3FY25. Brokerages foresee varying outcomes for revenue and profit, with key focus on software business, margin guidance, and deal activity.
Market Trading Guide: HAL, LTIMindtree are among 5 stock recommendations for Monday
Indian markets closed lower, with a 2.3% decline for the week amid sectoral selling. Key stock recommendations include buy calls for LTI Mindtree, Uno Minda, and IRCTC, alongside sell calls for PNB Futures and HAL based on technical setups indicating bullish or bearish trends.
Bearish sentiment intensifying, Nifty support at 23K: Rupak De
Nifty faces bearish sentiment, with support at 23,000, and Bank Nifty potentially drifting toward 48,000. TCS shows positive momentum post-results, while midcaps may see further pressure. For the week, buy UNOMINDA, IRCTC; sell HAL.
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F&O Talk: Avoid bottom fishing until Nifty signals reversal, 23,450-23,250 crucial support: Ruchit Jain of Motilal Oswal
Nifty continues its decline, breaching support levels, with a cautious market outlook. Analysts advise avoiding bottom fishing and waiting for reversal signals. Focus remains on Q3 earnings, Union Budget, and FII activity. FMCG and IT sectors show resilience, while Pharma faces resistance. Key stocks to watch include M&M, Bharti Airtel, and Tata Consumer.
TCS, NALCO among 5 stocks with long buildup
A long buildup occurs when both open interest (OI) and trading volumes rise alongside an increase in the underlying stock price, signaling a bullish trend in the Futures and Options segment. In Friday’s trading session, five stocks witnessed fresh long positions. Here’s the list:
10 Indian stocks aligned with Warren Buffett’s value investing philosophy
Warren Buffett, the CEO of Berkshire Hathaway and one of the most successful investors of all time, is renowned for his value investing strategy. A student of Benjamin Graham, Buffett emphasizes not only value investing but also the quality of management and growth prospects of a company. Based on Buffett’s philosophy, MarketSmith has developed a […]