Tech view: Nifty forms small-bodied indecisive candle as bulls develop cold feet at 26k. How to trade tomorrow
Domestic benchmarks are attempting to sustain new highs, driven by the US Fed’s aggressive rate cut. Meanwhile, the Chinese central bank’s rate cut, and additional stimulus measures have positively influenced global investor sentiment, resulting in gains for domestic metal stocks.
Manishi Raychaudhuri on factors that will dictate the market in next few months
If one looks at the undervalued pockets, at least the sectors which are fundamentally good over the long term, but have underperformed in the near term, the private sector banks would come into mind, even though earnings growth is likely to slow down, I think the underperformance has possibly been a bit overdone there.
4 sectors Jigar Mistry is bullish on for next few months
So, clearly you are seeing sectors like say real estate, utilities and industrials where the sectoral growth has been faster than the earnings growth, so index has moved up way ahead of earnings estimates.
2 top stock recommendations from Vinay Rajani
Asian markets are also supporting. So, I do not find any logic or rationale behind going short here. The trend is clearly into uptrend. Right now, after rising for last three consecutive sessions, it is just a profit booking in intraday. I see a strong uptrend in the market.
AstraZeneca Pharma shares rally 13%, hit 52-week high after receiving nod for cancer drug Durvalumab
AstraZeneca Pharma Share Price: The stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).
Deven Choksey on why auto stocks are holding on, what to do with Paytm
Deven Choksey, MD of DRChoksey FinServ Pvt. Ltd, remains optimistic about two-wheelers and commercial vehicles. He believes passenger vehicle demand will recover post-challenges. On Paytm, he advises caution until profitability is shown. He sees potential in the energy transition sector, particularly green hydrogen, with significant growth expected over the next 5-10 years.
Emkay upgrades Paytm to add, raises target price to Rs 750
Paytm has largely protected its merchant base (settled at 41 mn) and transitioned its user base (78mn, down in 1QFY25 from 100mn) to new partner banks which should now pave the way for the long-pending NPCI approval to onboard new users.
Osel Devices shares list at 24% premium over IPO price on NSE SME platform
Osel Devices Share Price: As one of the leading providers of cutting edge technology solutions, Osel specializes in creating transformative products that empower individuals, businesses, and communities to thrive in a rapidly evolving digital world.
Financials and industrials set to thrive amid India’s long-term growth story: Manishi Raychaudhuri
So, it is a possibility that is rather low at this point of time, but it cannot be completely ignored. If we are in a mini-Goldilocks where the US growth declines, but does not enter a recession, then we are very well off as far as emerging markets are concerned for all the reasons that […]
Western Carriers shares list at 1% discount over IPO price
Western Carriers Share Price: Proceeds from the fresh issue will be used to repay borrowings, fund capital expenditure towards the purchase of commercial vehicles, containers, and reach stackers, with the remainder allocated for general corporate purposes.