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HDFC Bank slipped 3 per cent to Rs 2,301 on the BSE in the early morning deals on concerns that sluggish auto industry and pressure in MSME and agriculture sector is likely to impact the growth.
If the index breaks 200-DEMA, then there could be more selling pressure, experts said.
Yes Bank share price was very much on fire today! So much so that it even clocked an intraday high of Rs 92.40 per piece during Monday’s trading session.
Most of the brokerages see pressure on YES Bank's profitability considering deterioration in asset quality and muted loan book growth during Q1FY20.
Shabbir Kayyumi of Narnolia Financial Advisors said a close below the important support of 11,870 will change the current bullish sentiment.
The Budget proposals have increased the chances of an over supply of PSU stocks in the market.
Overall, there were 45 companies in which the percentage of promoter holding decreased in June 2019. Promoters of 7 companies reduced their pledged shares to zero
But they are aimed at handling short-term liquidity issues. Solvency issues of the NBFCs still remain a worry.
Nagaraj Shetti of HDFC Securities said any false upside breakout attempt is expected to trigger next round of weakness.
Even though the midcaps have underperformed the largecaps in 2019, the government's infra push will boost the earnings of companies involved in the sector
Looking for a strong infrastructure capex outloay, and good fiscal policy to support monetary easing
Almost 44 percent of the respondents feel that Sensex is likely to scale past 43,000 by next Budget in 2020, which translates into an upside of about 9 percent
Gold rallied from $1,277.1 an ounce to $1,427.9 on June 25 in a month. In India, 24-carat gold price increased from Rs 31,900 per 10 gm to Rs 34,650 in a month
These stocks, being at year-low, may look cheap but cannot be categorised as value buys as some of them might have been hammered because of weak fundamentals
Rohit Singre of LKP Securities said as Nifty has given double bottom breakout on daily chart, if index managed to sustain above 11,875 zone then it may see further upmove towards immediate hurdle of 12,000 zone.
Rohit Singre of LKP Securities said index formed bullish candle on daily chart suggesting some more upside before expiry.
Considering where we are today in terms of the NPA cycle and the kind of provisioning coverage ratio most of the lenders have, we will witness decent double-digit growth in profits in FY20
We expect Nymex Crude prices to stay firm. The upcoming OPEC and non-OPEC meeting will carefully monitor the situation in order to provide market stability
Nifty closed at 11,691.45 on June 19. According to the Pivot charts, the key support level is placed at 11,610.23, followed by 11,528.97.
The Linear Regression indicator is typically used to analyze the upper and lower limits of an existing trend.
Real estate developers are of the opinion that if the NBFC is given re-financing powers, it would be a great relief to the real estate sector.
Any decisive move above the Monday’s high 11,975 will push index higher towards 12,040 marks, while a close below the strong support of 11,870 will change the current sentiment, says Shabbir Kayyumi, Head of Technical Research, Narnolia Financial Advisors.
We expect LME Lead prices to trade higher towards $1,970-2,050 per tonne in the three months time frame, says Sakina Mandsaurwala.
Yes, you can add cricketing analogies to equities on Dalal Street! Especially when these stocks have relatable star-performing quality like MS Dhoni and Shikhar Dhawan.
Piyush Goyal doubled up as Interim FM after Arun Jaitley took a break earlier this year.
The past three quarters witnessed a decent double-digit volume growth on account of low base effect due to reformist measures like demonetisation and implementation of GST, but the base is not encouraging any more
After a sharp run in the week gone by, the market is expected to be rangebound in coming sessions and traders will closely watch RBI monetary policy event scheduled on June 6, experts said
Early trends put NDA in a comfortable position to form the government that has, to an extent, already been factored by the market after exit polls
Kotak Institutional Equities projects bank's net profit at Rs 1,455.9 crore, up 208.9 percent QoQ
Motilal Oswal expects IndusInd Bank to report strong loan growth of ~32 percent YoY in Q4FY19
Meanwhile, both benchmark indices have lagged, delivering a modest 50-60 percent returns
One more follow up closing above 11,330 and 5 EMA will confirm the reversal of the trend at least in the short term, says Shabbir Kayyumi of Narnolia Financial Advisors.
Shabbir Kayyumi of Narnolia Financial Advisors said Nifty50 trading above 11,800 will accelerate up move taking it higher towards 12,000 levels
The IT major is expected to come out with its March quarter earnings on May 21.
Analysts expect most of the PSU banks to return to profitability during the current financial year 2019-20 (FY20), backed by improvement in the balance sheet
The forecast of OPEC suggests the market might shift into a deficit in the Q2 and Q3 of 2019 if the OPEC+ group continues to keep its oil production at the current levels. The major supply concern is the impact of sanctions on Iran’s oil output and exports and how will the OPEC and its allies be able to deal with it.
April has particularly been fruitful for the listed players in new business premium. All the four listed players saw high growth rates.
Share to buy on May 17 is Jubilant FoodWorks, say stock market experts. They say that the counter may give 19% return in mid-term while in long-term it may give 39% returns.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 6.9 percent Y-o-Y (up 184.2 percent Q-o-Q) to Rs. 10,258.7 crore.
Narnolia Financial Advisors expects the pharma company to report a net profit of Rs 545 crore as against Rs 500 crore in the last quarter
Narnolia Financial Advisors expects 31 percent decline in profit to Rs 261 crore while Prabhudas Lilladher is of the view that net profit may come at Rs 208.4 crore
Nestle India, ITC, CCL Products, Capacite Infraprojects and Shemaroo Entertainment are the five stocks that share brokerage firms are bet high today. Twitter
The monsoon on Indian soils plays a major role for sectors like agriculture, chemicals, fertilizers, constructions, cement, FMCG and infrastructure to quite an extent.
During the first month of current fiscal year, tractor production fell by 11 per cent at 68,623 units while the exports declined sharply by over 28 per cent at 5,142 units.
Narnolia expects EBITDA margin to decline by 171 bps YoY to 15.9 percent in Q4FY19 on account of increased remediation cost related to inspection in Somerset and Mandideep facilities.
The Mutual fund industry's AUM has grown by 6% MoM in April to Rs 25,27,633 crores.
Kotak Institutional Equities expects Jubilant Foodworks to report net profit at Rs 83.8 crore up 23.1 percent YoY
The company reported weak operational performance in March quarter with EBITDA margin contracting to 27.4 per cent, down 164bps QoQ/415bps YoY.
The stock was up 2 per cent at Rs 314 during early morning trade on Monday, rallying 8 per cent from its Friday's low of Rs 292 on the BSE.
Shares to buy on May 13 are HCL Technologies, Shriram Transport, Satin Creditcare Network, Bharti Airtel and RITES that can give promising return in long-term perspective, says various brokerage firms' equity research experts.
Diamond chart patterns usually happen at market tops.
In terms of market capitalisation, investors lost nearly Rs 5 lakh crore during this week
SBI has introduced Repo Linked Loan Product for Home Loans. This new home loan lending rate will come in effect from July 01, 2019.
Stock market brokerage firms have put their weight behind these top five stocks today — Brigage Enterprises, KEC International, CDSL, Alembic Pharma and SCNL.
Here are 9 stocks that brokerages upgraded after the March quarter results
Stock market experts say ICICI Bank share price is strong from both fundamental and technical perspective. the counter is poised to rise 28 per cent in 12 months.
To keep gaining even when the stock market is topsy-turvy, the share market experts have picked these five stocks that may help investors to book profit.
Experts suggest that a large part of the fall was led by external factors and long-term investors should use the opportunity to get into quality stocks at lower valuations
Emkay Global Financial Services expects Escort's standalone revenues to grow 16% YoY to Rs 1,660 crore driven by steady growth in tractors and construction equipment volumes
Edelweiss Securities expects Vedanta to report a 35.2 percent YoY (down 22 per cent QoQ) drop in profit at Rs 1,819 crore with revenues falling 15.7 percent YoY (down 1.6 percent QoQ) to Rs 23,300 crore.
Shabbir Kayyumi of Narnolia Financial Advisors said Nifty may continue its downside journey towards crucial support zone of 11,430-11,460 levels.
SBI and L&T among top stocks to buy ahead of the Lok Sabha polling outcome
Positive outcome of US-China trade deal could increase risk appetite towards other assets creating further pressure on safe havens like Gold.
Pennants are short-term continuation patterns that mark a small consolidation before resuming the previous move in the same direction. The pole is formed by a line which represents the primary trend in the market.
Persistent Systems share price is expected to go 10 per cent up in short-term perspective means in one month time, say stock market experts.
Narnolia Financial Advisors is expecting Britannia Industries to report 16 percent jump in its Q4 net profit at Rs 307 crore.
On a weekly basis, the S&P BSE Sensex closed 0.19 percent lower while the Nifty50 closed flat with a positive bias for the week ended April 26
Broking houses see demand picking up only by year-end
Stock market experts say AU Small Finance Bank share price can go up to Rs 925 per stocks as the SFB's fundamentals are very strong in mid-term to long-term.
Shabbir Kayyumi of Narnolia Financial Advisors said sustained trade below psychological mark 11,600 will accelerate down move towards 11,500 levels.
RBL Bank fundamentals suggest upside potential of near 23 per cent and the RBL Bank share price may show Rs 834/stock levels in 12 months, say market experts.
Shabbir Kayyumi, Head of Technical Research, Narnolia Financial Advisors said Index has formed a bearish big body candlestick pattern, indicating selling pressure on higher side & strong bearish momentum in progress.
HPCL dipped 6% to Rs 250, followed by BPCL down 5% at Rs 343 and IOC 4% at Rs 149 on the BSE
Wipro stocks can give 20% return if a stock market investor buys it at current levels. However, if smartly moved, gains may go up to 30%, say experts.
In the BSE Smallcap index, 60 percent of total 750 stocks were in the positive return on closing of April 16 and of which top 45 stocks rallied between 50-195 percent.
The consolidation, which started after the Nifty rallied to record highs, is likely to continue not only in the coming truncated week but also till the Lok Sabha results on May 23, experts suggest.
Nagaraj Shetti of HDFC Securities said the expected range or consolidation movement is unlikely to damage the near term uptrend status of the market.
Equity rights issues that have hit the Dalal Street so far this year includes telecom giant Vodafone Idea's Rs 25,000 crore issue, which is the largest-ever by any company in the country. It opened for subscription earlier this week and will close on April 24. Market rival Bharti Airtel's similar size issue is expected to come out soon.
It is expected that Nifty Auto will converge towards Nifty very soon.
In the past six months, the market price of Manappuram Finance has surged 73 per cent on the back of foreign portfolio investors (FPIs) buying
Shabbir Kayyumi of Narnolia Financial Advisors said although index managed to close above the previous day's close, a decisive trade above 11,610 levels will confirm upmove.
FIIs net bought more than Rs 9,500 crore worth of shares in week ended April 5, taking total net buying to nearly Rs 58,000 crore since February
Jagannadham Thunuguntla of Centrum Broking said the movement going forward will be driven by results season and political developments
Shabbir Kayyumi of Narnolia Financial Advisors said a decisive close below the strong support of Tuesday's pivot point 11,622 will attract selling & prices can trade lower towards 11,540 levels.
Gaurav Ratnaparkhi of Sharekhan by BNP Paribas said overall set up shows that the benchmark index is in for a significant correction.
Shabbir Kayyumi of Narnolia Financial Advisors said the strong bearish bias will be confirmed on a decisive close below 11,570 levels.
The final tally – the S&P BSE Sensex closed 177 points higher at 38,862 while the Nifty50 rose 67 points to close at 11,665.
The Sensex was down 192.40 points at 38,684.72, while Nifty was down 46 points at 11,598.
Rate cut usually acts as a sentiment booster and aid companies that have to service large debts
Marico said the operating margin is expected to improve moderately as pressure from input costs eased and operating leverage benefits kicked in
Tata Motors climbed above Rs 200 levels, largely due to low valuations, but analysts are not convinced yet to buy the stock due to its high inventory levels in China, Brexit issues and concerns over its overall growth.
Nagaraj Shetti of HDFC Securities also said the short term trend of Nifty continues to be positive.
Shabbir Kayyumi of Narnolia Financial Advisors said sustained trade above April's mid-point (11,690) will accelerate upmove to take the index higher towards life high placed around 11,760 levels.
Analysts also encourage investors to look at cement and capital goods segment which should outperform in FY20.
Shabbir Kayyumi of Narnolia Financial Advisors said as long as Nifty sustains above bullish unfilled gap formed around 11,445-11,455, one can trade with buy on dip strategy
Nifty PSU Bank index has gained 4% in the past two days. It hit an intra-day high of 3,249 on Wednesday, its highest level since September 4, 2018.
Nagaraj Shetti of HDFC Securities said the near term uptrend status of Nifty remains intact, but the market may see a rangebound action or minor weakness in the next 1-2 sessions, before showing further upside.
All the sectoral indices ended in red. The Nifty Midcap index and Smallcap index fell 1 percent each.
Top data points to help you spot profitable trades on March 25
"A consolidation of 200-300 points is good for D-Street," said Shailendra Kumar of Narnolia Financial Advisors.
Bulls continued to retain upper hand as Nifty50 registered a positive close for seventh session in a row before signing off the day with a 'Hanging Man' kind of indecisive formation," says Mazhar Mohammad of Chartviewindia.in.
The increase hope of stable government at Centre boosted sentiment at FII desk, especially after Balakot air strike by Indian Air Force in February, experts said.
Shabbir Kayyumi of Narnolia Financial Advisors said as long as higher high and higher low formation in the index is intact, he suggests trading with buy on dip strategy.
Shabbir Kayyumi of Narnolia Financial Advisors said going ahead the possibility of a small retracement has increased as majority of oscillators have reached overbought levels.
Option band signifies a shift in higher trading range between 11,150 to 11,450 zones, experts said.
At 01:43 pm, Nifty PSU Bank index, the largest gainer among sectoral indices, was up 2.5 per cent, against 1 per cent rise each in Nifty 50 and Nifty Bank indices
"Market gave highest daily closing since October 2018 signifying bulls have taken charge of the Dalal-Street. RSI has given breakout almost after 4 months, which suggest strength in the uptrend," Shabbir Kayyumi, Head of Technical Research, Narnolia Financial Advisors told Moneycontrol.
Holding companies often trade at a discount to their intrinsic values. This discount has increased significantly for some companies in recent weeks, making them attractive bets.
Experts said the positive momentum is expected to continue with caution ahead of general elections, though global factors may intermittently cause volatility.
Chandan Taparia of Motilal Oswal Financial Services said Overall price setup suggests bullish bias at the upper band of the trading range but requires a hold above 10,985 to extend its fresh move towards 11,118, then 11,200
On a weekly basis, Nifty50 closed with gains of 1.5 percent while the Sensex rallied over 600 points or 1.6 percent.
The company plans to buyback 20,585,000 shares, which implies 2.1 per cent of the total shares outstanding.
Shabbir Kayyumi of Narnolia Financial Advisors said looking at overbought levels of the majority of oscillators, the possibility of small retracement cannot be ruled out which can fill the bullish gap placed around 10,994-10,998.
Ridham Desai of Morgan Stanley in a report said that the market could start pricing in stronger poll outcome in coming weeks, and the broader market will likely outperform Nifty.
Among the Nifty50 names SBI, ONGC and HDFC Bank were major contributors to PAT growth in the December quarter while HDFC, IOC, and Infosys were major laggards, Elara Capital said in a report.
Shabbir Kayyumi of Narnolia Financial Advisors said any decisive move above the psychological level of 11,000 will push the index towards 11,118.
Among the Nifty50 names, SBI, ONGC and HDFC Bank were major contributors to PAT growth in the December quarter while HDFC, IOC, and Infosys were major laggards, Elara Capital said in a report.
OBV or On Balance Volume indicator is used in technical analysis to measure buying and selling pressure.
Globally, progress on US-China trade war, crude oil and currency movement would be actively tracked by the investors, Jayant Manglik of Religare Broking said.
In February market was weighed down by Indo-Pak tension, trade war concerns, the rise in crude oil prices, concerns regarding lenders selling pledge shares, weak GDP data as well as mixed earnings from India Inc.
Sahaj Agrawal of Kotak Securities said the broader market is relatively strong and the upside remains open for 11,100-11,200 in the near term.
Shabbir Kayyumi of Narnolia Financial Advisors said any decisive move above 200 DMA will push index higher towards 11,000 levels.
Vineeta Sharma of Narnolia Financial Advisors said investor with a short term, one-year horizon may tender shares for the buyback, while those having a long term horizon may continue holding the stock.
In 2019 so far, benchmark indices have not been able to give positive returns to the investors. And some stocks are down many-folds
Shabbir Kayyumi of Narnolia Financial Advisors expects markets to trade with higher volatility in a tight range of 10,760-10,888 levels.
Jayant Manglik of Religare Broking advises keeping limited exposure and continuing a stock-specific trading approach.
For the upcoming sessions, 10860 – 10910 levels might act as an intermediate resistance whereas on the downside 10720 – 10640 zones might again attract some buying interest.
Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in has advised traders to book profits in long positions if the index were to close below 10,720 levels.
The big outperformer was the broader market as both Nifty Midcap and Small-cap indices recorded gains of over 2% each for the week ended February 22
Under a share buyback issue, a company repurchases its shares from shareholders at a higher price than current market price
In growth and valuation matrix, usually high growth with high peer valuations proves to be a better investing avenue, suggest experts.
Sahaj Agrawal of Kotak Securities said investors can gradually accumulate select stocks for an expected breakout on the higher side.
Shabbir Kayyumi of Narnolia Financial Advisors said Nifty trading below crucial support (10,602) will push prices towards 50 percent Fibonacci retracement levels placed around 10,561
Domestic mutual funds turned out to be net equity buyers for January 2019.
"A close above 5-day EMA (10,742) will change the current bearish sentiment," said Shabbir Kayyumi of Narnolia Financial Advisors.
Another aspect that worried investors was a likely rise in funding cost as the acquisition would partly be funded through debt
On the basis of strong fundaments, market experts are advising investors to think of CCL Products, Yes Bank, Greenlam Industries and JK Lakshmi Cement before making any investment decision
Volatility may continue due to lack of positive triggers in the domestic market while rising oil prices will impact domestic macros in the near term, Vinod Nair of Geojit Financial Services said.
Nagaraj Shetti of HDFC securities said the overall weekly chart pattern is indicating a possibility of minor upside bounce, which could be a sell-on-rise opportunity in the market
The RBI has started cutting rates again. This means that now there is very little chance of the FD rates going up in the near future. So, what should you do now?
The 50-stock Nifty is already trading below 10,800 and market experts are speculating a bear run giving support to the markets at 10,690 marks. Twitter Facebook
Apart from Prestige Estates Projects, Dhanuka Agritech and Coal India Limited, investors can think of taking buy position in technology stocks like Infosys, HCL Tech, MPhasis, MindTree, Tata Elxsi and Persistent, say experts.
Kotak advised adding HCL Technologies, L&T Infotech, Mindtree and Tech Mahindra which could return 8-12 percent
Shabbir Kayyumi of Narnolia Financial Advisors said a close below the strong support (10,740) will push prices lower towards 10,680 levels.
Market experts are of the opinion that fundamentals of these five stocks — Sonata Software, Amber Enterprises, Mahindra & Mahindra, Alkem Labs and Dilip Buildcon Limited — are quite strong
The fundamentals of this stock suggest upside potential of 30 per cent , says equity experts.
October had seen the worst sell off to the tune of Rs 28,921 crores. A tepid inflow of Rs 5,981 crores and Rs 3,143 crores followed in November and December.
Trade Setup for Wednesday: Top 15 things to know before Opening Bell
Experts say counters like Minda Industries Limited, Birla Corporation, ACC Limited, Cadila Healthcare Ltd and Majesco seems promising and investors can think of these stocks before making any investment decision.
Linking of risk weights on the exposure to NBFCs will improve flow to the sector and particularly high rated entities, which will boost the credit flow to the sector and lead to consumption financing.
After the closure of Wednesday markets above 11,000 levels, the 50-stock Nifty is now trading in the range of 10,800 to 11,200, says equity experts.
Market experts are expecting a bull run in Marico Limited, Tech Mahindra, Capacite Infraprojects and GAIL counters. An investor can think of these stock before making any invetment decision.
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