The market takes a breather move after the long weekend; ends the day with the loss of 1% on Nifty to settle at 17,117.
The rally from 15,671 to 17,344 may take a pause on Nifty as it forms the bearish engulfing at 78.60% Fibonacci retracement of 17,794 to 15,671 at 17,350.
Traders can expect some more dips to 16,976-16,850 to fill the gap, test 200DMA and retest the neckline at inverted head and shoulder. Also, the 45-degree trendline support is placed at 16,846 which may act support for bulls.
Relative Strength Index (RSI) indicates the bulls are in control of the momentum as the moves above the previous swing levels of 50-53.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The rally from 15,671 to 17,344 may take a pause on Nifty as it forms the bearish engulfing at 78.60% Fibonacci retracement of 17,794 to 15,671 at 17,350.
Traders can expect some more dips to 16,976-16,850 to fill the gap, test 200DMA and retest the neckline at inverted head and shoulder. Also, the 45-degree trendline support is placed at 16,846 which may act support for bulls.
Relative Strength Index (RSI) indicates the bulls are in control of the momentum as the moves above the previous swing levels of 50-53.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍14❤1
Indian Share Markets Trade Lower; HUL & Nestle Top Losers
After opening the day marginally lower, Indian share markets extended losses and are currently trading near the day’s low.
Benchmark indices opened lower as global sentiment remained subdued amid a sharp rally in crude oil prices again.
Meanwhile, inflation concerns still continue to dampen sentiment. The US central bank Chair Jerome Powell said the Fed would hike rates by 50 basis points on multiple occasions, if required, to tame inflation.
The 10-year bond yield in the US hit the 2.3% mark overnight following these comments and crude oil prices also jumped.
Currently, the BSE Sensex is trading down by 251 points, down 0.5%. Meanwhile, the NSE Nifty is down 70 points.
Reliance Industries and Power Grid are among the top gainers today.
HUL and Nestle, on the other hand are among the top losers.
FMCG companies are trading lower as foreign brokerage Jefferies cut earnings estimates by 1-10% as a possible delay in recovery of gross margins, weakness in volume growth and margin compression are likely to weigh on them.
Among sectoral indices, banking, automobile and realty stocks are in red while oil & gas and IT stocks are bucking the trend.
Oil companies are in traction as crude oil hovers around highs of US$120 a barrel. ONGC, Oil India, BPCL, IOC, and Adani Total Gas are all trading 2-4% higher.
Speaking of stock markets, Co-head of Research at Equitymaster Tanushree Banerjee has recorded a video discussing whether India will see a China-like market correction.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Can India See China-Like Market Correction?
https://www.youtube.com/watch?v=WtHq2x8pCaA
More details to follow in the upcoming commentary.
After opening the day marginally lower, Indian share markets extended losses and are currently trading near the day’s low.
Benchmark indices opened lower as global sentiment remained subdued amid a sharp rally in crude oil prices again.
Meanwhile, inflation concerns still continue to dampen sentiment. The US central bank Chair Jerome Powell said the Fed would hike rates by 50 basis points on multiple occasions, if required, to tame inflation.
The 10-year bond yield in the US hit the 2.3% mark overnight following these comments and crude oil prices also jumped.
Currently, the BSE Sensex is trading down by 251 points, down 0.5%. Meanwhile, the NSE Nifty is down 70 points.
Reliance Industries and Power Grid are among the top gainers today.
HUL and Nestle, on the other hand are among the top losers.
FMCG companies are trading lower as foreign brokerage Jefferies cut earnings estimates by 1-10% as a possible delay in recovery of gross margins, weakness in volume growth and margin compression are likely to weigh on them.
Among sectoral indices, banking, automobile and realty stocks are in red while oil & gas and IT stocks are bucking the trend.
Oil companies are in traction as crude oil hovers around highs of US$120 a barrel. ONGC, Oil India, BPCL, IOC, and Adani Total Gas are all trading 2-4% higher.
Speaking of stock markets, Co-head of Research at Equitymaster Tanushree Banerjee has recorded a video discussing whether India will see a China-like market correction.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Can India See China-Like Market Correction?
https://www.youtube.com/watch?v=WtHq2x8pCaA
More details to follow in the upcoming commentary.
👍12
As you are aware, Equitymaster.com is a victim of a ransomware attack.
We will not let this come between you and the credible and honest opinions we publish for you.
The entire Equitymaster team is all here, and publishing daily as usual.
Just that you will receive our content and research updates over email till we sort out things.
Thank you for your patience.
We will not let this come between you and the credible and honest opinions we publish for you.
The entire Equitymaster team is all here, and publishing daily as usual.
Just that you will receive our content and research updates over email till we sort out things.
Thank you for your patience.
👍16
Sensex Down Over 200 Points; Dow Futures Trade Flat
Indian share markets are trading lower for the second consecutive day today as concerns about the Russia – Ukraine war loomed and a flare up in crude prices dampened sentiment.
the BSE Sensex is trading down by 251 points, down 0.5%. Meanwhile, the NSE Nifty is down 70 points.
Reliance Industries and Power Grid are among the top gainers today.
HUL and Nestle, on the other hand are among the top losers.
FMCG companies are trading lower as foreign brokerage Jefferies cut earnings estimates by 1-10% as a possible delay in recovery of gross margins, weakness in volume growth and margin compression are likely to weigh on them.
Among sectoral indices, banking, automobile and realty stocks are in red while oil & gas and IT stocks are bucking the trend.
Oil companies are in traction as crude oil hovers around highs of US$120 a barrel. ONGC, Oil India, BPCL, IOC, and Adani Total Gas are all trading 2-4% higher.
Speaking of stock markets, Co-head of Research at Equitymaster Tanushree Banerjee has recorded a video discussing whether India will see a China-like market correction.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Link to the video: Can India See China-Like Market Correction? https://www.youtube.com/watch?v=WtHq2x8pCaA
More details to follow in the upcoming commentary.
Indian share markets are trading lower for the second consecutive day today as concerns about the Russia – Ukraine war loomed and a flare up in crude prices dampened sentiment.
the BSE Sensex is trading down by 251 points, down 0.5%. Meanwhile, the NSE Nifty is down 70 points.
Reliance Industries and Power Grid are among the top gainers today.
HUL and Nestle, on the other hand are among the top losers.
FMCG companies are trading lower as foreign brokerage Jefferies cut earnings estimates by 1-10% as a possible delay in recovery of gross margins, weakness in volume growth and margin compression are likely to weigh on them.
Among sectoral indices, banking, automobile and realty stocks are in red while oil & gas and IT stocks are bucking the trend.
Oil companies are in traction as crude oil hovers around highs of US$120 a barrel. ONGC, Oil India, BPCL, IOC, and Adani Total Gas are all trading 2-4% higher.
Speaking of stock markets, Co-head of Research at Equitymaster Tanushree Banerjee has recorded a video discussing whether India will see a China-like market correction.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Link to the video: Can India See China-Like Market Correction? https://www.youtube.com/watch?v=WtHq2x8pCaA
More details to follow in the upcoming commentary.
YouTube
Can India See China-Like Market Correction? I Tanushree Banerjee I Technology Stocks
Get free access to our latest research idea instantly. Visit: http://www.eqtm.in/i7D9C
MSCI China had the poorest returns amongst emerging market indices over three decades. Can India follow suit?
MSCI Japan index has produced more than double the return…
MSCI China had the poorest returns amongst emerging market indices over three decades. Can India follow suit?
MSCI Japan index has produced more than double the return…
👍2
Sensex Zooms 600 Points; IT & Energy Stocks Lead Gains
Share markets in India have erased early losses and are presently trading on a strong note.
Benchmark indices rebounded into the positive zone led by buying interest in index heavyweight stocks such as Reliance Industries, ITC and select IT companies.
Earlier today, markets had opened lower following inflation and crude oil concerns. The US central bank Chair Jerome Powell said the Fed would hike rates by 50 basis points on multiple occasions, if required, to tame inflation.
Currently, the BSE Sensex is trading up by 580 points, up 1%. Meanwhile,the NSE Nifty is up 172 points.
Reliance Industries and Tech Mahindra are among the top gainers today.
Nestle and UltraTech Cement, on the other hand are among the top losers.
Both the BSE Midcap index and the BSE Smallcap index are trading on a flat note.
Among sectoral indices, IT, energy and telecom stocks are trading in green while realty stocks are the worst hit.
Gold prices are trading down by 0.2% at Rs 51.556 per 10 grams.
Speaking of gold, Co-head of Research at Equitymaster Rahul Shah recently recorded a video where he spills the beans on gold as an effective hedge for your equity portfolio.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Does Gold Make Your Portfolio Crash-Proof?
https://www.youtube.com/watch?v=GUIsj--MDSI&t=7s
More details to follow in the upcoming commentary.
Share markets in India have erased early losses and are presently trading on a strong note.
Benchmark indices rebounded into the positive zone led by buying interest in index heavyweight stocks such as Reliance Industries, ITC and select IT companies.
Earlier today, markets had opened lower following inflation and crude oil concerns. The US central bank Chair Jerome Powell said the Fed would hike rates by 50 basis points on multiple occasions, if required, to tame inflation.
Currently, the BSE Sensex is trading up by 580 points, up 1%. Meanwhile,the NSE Nifty is up 172 points.
Reliance Industries and Tech Mahindra are among the top gainers today.
Nestle and UltraTech Cement, on the other hand are among the top losers.
Both the BSE Midcap index and the BSE Smallcap index are trading on a flat note.
Among sectoral indices, IT, energy and telecom stocks are trading in green while realty stocks are the worst hit.
Gold prices are trading down by 0.2% at Rs 51.556 per 10 grams.
Speaking of gold, Co-head of Research at Equitymaster Rahul Shah recently recorded a video where he spills the beans on gold as an effective hedge for your equity portfolio.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Does Gold Make Your Portfolio Crash-Proof?
https://www.youtube.com/watch?v=GUIsj--MDSI&t=7s
More details to follow in the upcoming commentary.
👍3
Sensex Ends 697 Points Higher, Nifty Zooms Past 17,300; Tech Mahindra & Reliance Top Gainers
After opening the day on a negative note, Indian share markets staged a smart recovery in the afternoon session as index heavyweights Reliance, ITC and select IT companies witnessed buying.
The sharp rebound comes in line with overseas peers as Asian and European markets are also higher today.
Meanwhile, RBI governor’s comments to ensure ample liquidity boosted sentiment. The RBI continues to be supportive of growth, the governor said, addressing an industry lobby in Mumbai yesterday.
At the closing bell, the BSE Sensex stood higher by 697 points, up 1.2%. Meanwhile, the NSE Nifty ended higher by 198 points.
The Sensex bounced back over 1,000 points from the day's low.
Reliance Industries and Tech Mahindra were among the top gainers today. Nestle and HUL, on the other hand were among the top losers.
Among individual stocks, shares of Paytm fell and hit a new low today owing to persistent negative news flow.
Gold prices are trading down by 0.2% at Rs 51,567 per 10 grams.
Speaking of gold, Co-head of Research at Equitymaster Rahul Shah recently recorded a video where he spills the beans on gold as an effective hedge for your equity portfolio.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Does Gold Make Your Portfolio Crash-Proof?
https://www.youtube.com/watch?v=GUIsj--MDSI&t=7s
After opening the day on a negative note, Indian share markets staged a smart recovery in the afternoon session as index heavyweights Reliance, ITC and select IT companies witnessed buying.
The sharp rebound comes in line with overseas peers as Asian and European markets are also higher today.
Meanwhile, RBI governor’s comments to ensure ample liquidity boosted sentiment. The RBI continues to be supportive of growth, the governor said, addressing an industry lobby in Mumbai yesterday.
At the closing bell, the BSE Sensex stood higher by 697 points, up 1.2%. Meanwhile, the NSE Nifty ended higher by 198 points.
The Sensex bounced back over 1,000 points from the day's low.
Reliance Industries and Tech Mahindra were among the top gainers today. Nestle and HUL, on the other hand were among the top losers.
Among individual stocks, shares of Paytm fell and hit a new low today owing to persistent negative news flow.
Gold prices are trading down by 0.2% at Rs 51,567 per 10 grams.
Speaking of gold, Co-head of Research at Equitymaster Rahul Shah recently recorded a video where he spills the beans on gold as an effective hedge for your equity portfolio.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Does Gold Make Your Portfolio Crash-Proof?
https://www.youtube.com/watch?v=GUIsj--MDSI&t=7s
👍8
Dear reader,
I’m sure you would have heard news by now.
Equitymaster website has been infected with a ransomware attack.
This has rendered the entire website inaccessible to both you as well as the entire Equitymaster team.
In the meantime, as we get the website up and running again, please access our latest content on LiveMint - https://www.livemint.com/Search/Link/Author/Equitymaster and NDTV - https://www.ndtv.com/topic/equitymaster.
We will also try and post regular videos on our YouTube Channel - https://www.youtube.com/user/eqtmonline/featured. So please do join in.
Here’s our latest article on India’s top Consumption stocks, published on NDVT.
Top 5 Consumption Stocks to Add to Your Watchlist
https://www.ndtv.com/business/top-5-consumption-stocks-to-add-to-your-watchlist-2836438
I’m sure you would have heard news by now.
Equitymaster website has been infected with a ransomware attack.
This has rendered the entire website inaccessible to both you as well as the entire Equitymaster team.
In the meantime, as we get the website up and running again, please access our latest content on LiveMint - https://www.livemint.com/Search/Link/Author/Equitymaster and NDTV - https://www.ndtv.com/topic/equitymaster.
We will also try and post regular videos on our YouTube Channel - https://www.youtube.com/user/eqtmonline/featured. So please do join in.
Here’s our latest article on India’s top Consumption stocks, published on NDVT.
Top 5 Consumption Stocks to Add to Your Watchlist
https://www.ndtv.com/business/top-5-consumption-stocks-to-add-to-your-watchlist-2836438
Sensex Trades in Green, Nifty Above 17,350; Dr Reddy’s Lab & ITC Top Gainers
Share markets in India are presently trading on a positive note.
Benchmark indices opened with strong gains, extending yesterday’s rally amid firm global cues.
The sharp rebound comes in line with overseas peers. Asian markets began with more gains following a strong performance on Wall Street, with tech firms leading the advances.
At present, the BSE Sensex is trading higher by 171 points, up 0.3%. Meanwhile, the NSE Nifty is up 49 points.
Dr Reddy’s Lab and ITC are among the top gainers today. Bharti Airtel and Maruti Suzuki, on the other hand are among the top losers.
Among individual stocks, Paytm is in focus today. The company said there is no information that may have a bearing on the price volume behaviour in the scrip and which is yet not disclosed to the stock exchanges.
Paytm further added that its business fundamentals remain robust.
Gold prices are trading down by 0.1% at Rs 51,320 per 10 grams.
Speaking of gold, Co-head of Research at Equitymaster Rahul Shah recently recorded a video where he spills the beans on gold as an effective hedge for your equity portfolio.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Does Gold Make Your Portfolio Crash-Proof?
https://www.youtube.com/watch?v=GUIsj--MDSI&t=7s
Share markets in India are presently trading on a positive note.
Benchmark indices opened with strong gains, extending yesterday’s rally amid firm global cues.
The sharp rebound comes in line with overseas peers. Asian markets began with more gains following a strong performance on Wall Street, with tech firms leading the advances.
At present, the BSE Sensex is trading higher by 171 points, up 0.3%. Meanwhile, the NSE Nifty is up 49 points.
Dr Reddy’s Lab and ITC are among the top gainers today. Bharti Airtel and Maruti Suzuki, on the other hand are among the top losers.
Among individual stocks, Paytm is in focus today. The company said there is no information that may have a bearing on the price volume behaviour in the scrip and which is yet not disclosed to the stock exchanges.
Paytm further added that its business fundamentals remain robust.
Gold prices are trading down by 0.1% at Rs 51,320 per 10 grams.
Speaking of gold, Co-head of Research at Equitymaster Rahul Shah recently recorded a video where he spills the beans on gold as an effective hedge for your equity portfolio.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Does Gold Make Your Portfolio Crash-Proof?
https://www.youtube.com/watch?v=GUIsj--MDSI&t=7s
👍7
Sensex Trades Marginally Lower; Hero MotoCorp Slips Over 2%
Indian share markets are currently trading marginally lower.
The BSE Sensex is trading down by 200 points, down 0.4%, at 57,789 levels. Meanwhile, the NSE Nifty is trading down by 56 points.
However, broader indices are trading on a positive note with the BSE Mid Cap index up by 0.4% and the BSE smallcap index up by 0.2%.
On the sectoral front, stocks from the power sector and healthcare sector are witnessing most of the buying interest. On the other hand, stocks from the automobile sector are witnessing most of the selling pressure.
Among individual stocks, Dr Reddy’s and Divi’s Lab are the top gainers today. Hero MotoCorp and Bharti Airtel are the top losers today.
Gold prices are trading down by 0.1% at Rs 51,318 per 10 grams.
The price of the precious metal fell today as US Treasury yields hit fresh multi-year highs following Federal Reserve chair Jerome Powell's aggressive inflation stance.
Speaking of the stock market, Chartist Brijesh Bhatia believes that the rally in alcohol stocks has just begun.
Watch this video to find out why he is bullish on alcohol stocks and why you should be too.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: A Bullish Trading Opportunity in Alcohol Stocks
https://youtu.be/HE7GOD6DXiE
You can also join Brijesh Bhatia’s telegram channel – Fast Profits Daily to get the latest updates on what’s happening in the markets and get access to the best trading ideas.
https://t.me/FastProfitsReport
More details to follow in the upcoming commentary.
Indian share markets are currently trading marginally lower.
The BSE Sensex is trading down by 200 points, down 0.4%, at 57,789 levels. Meanwhile, the NSE Nifty is trading down by 56 points.
However, broader indices are trading on a positive note with the BSE Mid Cap index up by 0.4% and the BSE smallcap index up by 0.2%.
On the sectoral front, stocks from the power sector and healthcare sector are witnessing most of the buying interest. On the other hand, stocks from the automobile sector are witnessing most of the selling pressure.
Among individual stocks, Dr Reddy’s and Divi’s Lab are the top gainers today. Hero MotoCorp and Bharti Airtel are the top losers today.
Gold prices are trading down by 0.1% at Rs 51,318 per 10 grams.
The price of the precious metal fell today as US Treasury yields hit fresh multi-year highs following Federal Reserve chair Jerome Powell's aggressive inflation stance.
Speaking of the stock market, Chartist Brijesh Bhatia believes that the rally in alcohol stocks has just begun.
Watch this video to find out why he is bullish on alcohol stocks and why you should be too.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: A Bullish Trading Opportunity in Alcohol Stocks
https://youtu.be/HE7GOD6DXiE
You can also join Brijesh Bhatia’s telegram channel – Fast Profits Daily to get the latest updates on what’s happening in the markets and get access to the best trading ideas.
https://t.me/FastProfitsReport
More details to follow in the upcoming commentary.
👍2
As you are aware, Equitymaster.com is a victim of a ransomware attack.
We will not let this come between you and the credible and honest opinions we publish for you. The entire Equitymaster team is all here and publishing daily as usual.
As we get the website up and running again, please access our latest content on LiveMint and NDTV.
One more thing...we will try and post regular videos on Equitymaster’s YouTube Channel. https://www.youtube.com/playlist?list=PLouEzv5yQrJzK8XgMYyGVE7TeX6or2D1O
Here are links to our latest articles, published on LiveMint.
How to pick stocks using mutual fund portfolio fact sheets - https://www.livemint.com/market/stock-market-news/how-to-pick-stocks-using-mutual-fund-portfolio-fact-sheets-11648016965047.html
US 10-year bond yield at a 40-year resistance level - https://www.livemint.com/market/us-10-year-bond-yield-at-a-40-year-resistance-level-11648023678182.html
We will not let this come between you and the credible and honest opinions we publish for you. The entire Equitymaster team is all here and publishing daily as usual.
As we get the website up and running again, please access our latest content on LiveMint and NDTV.
One more thing...we will try and post regular videos on Equitymaster’s YouTube Channel. https://www.youtube.com/playlist?list=PLouEzv5yQrJzK8XgMYyGVE7TeX6or2D1O
Here are links to our latest articles, published on LiveMint.
How to pick stocks using mutual fund portfolio fact sheets - https://www.livemint.com/market/stock-market-news/how-to-pick-stocks-using-mutual-fund-portfolio-fact-sheets-11648016965047.html
US 10-year bond yield at a 40-year resistance level - https://www.livemint.com/market/us-10-year-bond-yield-at-a-40-year-resistance-level-11648023678182.html
👍1
Sensex Ends 304 Points Lower; HDFC, Bharti Airtel & Kotak Bank Top Losers
After opening the day on a strong note, Indian share markets erased gains as the session progressed and ended near the day’s low.
Benchmark indices came under pressure as investors were spooked by prospects of steep Fed rate hikes and inflation risks.
Even as global markets remained positive, selling in auto, finance and select heavyweights Bharti Airtel, Infosys, and Asian Paints dampened sentiment.
At the closing bell, the BSE Sensex stood lower by 304 points, down 0.5%. Meanwhile, the NSE Nifty ended lower by 70 points.
Dr Reddy’s Lab and Tata Steel were among the top gainers. HDFC and Kotak Mahindra Bank, on the other hand, were among the top losers.
Steel companies ended higher after reports emerged that India's top steelmakers have hiked prices of rebar and HRC by Rs 1,500 - Rs 2,000 a tonne due to inflated raw material cost.
Meanwhile, Indian Hotels was keenly eyed as it rose 6% post announcing its QIP.
Speaking of stock markets, Chartist Brijesh Bhatia believes that the rally in alcohol stocks has just begun.
Watch this video to find out why he is bullish on alcohol stocks and why you should be too.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: A Bullish Trading Opportunity in Alcohol Stocks
https://youtu.be/HE7GOD6DXiE
You can also join Brijesh Bhatia’s telegram channel – Fast Profits Daily to get the latest updates on what’s happening in the markets and get access to the best trading ideas.
https://t.me/FastProfitsReport
After opening the day on a strong note, Indian share markets erased gains as the session progressed and ended near the day’s low.
Benchmark indices came under pressure as investors were spooked by prospects of steep Fed rate hikes and inflation risks.
Even as global markets remained positive, selling in auto, finance and select heavyweights Bharti Airtel, Infosys, and Asian Paints dampened sentiment.
At the closing bell, the BSE Sensex stood lower by 304 points, down 0.5%. Meanwhile, the NSE Nifty ended lower by 70 points.
Dr Reddy’s Lab and Tata Steel were among the top gainers. HDFC and Kotak Mahindra Bank, on the other hand, were among the top losers.
Steel companies ended higher after reports emerged that India's top steelmakers have hiked prices of rebar and HRC by Rs 1,500 - Rs 2,000 a tonne due to inflated raw material cost.
Meanwhile, Indian Hotels was keenly eyed as it rose 6% post announcing its QIP.
Speaking of stock markets, Chartist Brijesh Bhatia believes that the rally in alcohol stocks has just begun.
Watch this video to find out why he is bullish on alcohol stocks and why you should be too.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: A Bullish Trading Opportunity in Alcohol Stocks
https://youtu.be/HE7GOD6DXiE
You can also join Brijesh Bhatia’s telegram channel – Fast Profits Daily to get the latest updates on what’s happening in the markets and get access to the best trading ideas.
https://t.me/FastProfitsReport
👍3❤1
Dear reader,
As you know, Equitymaster website has been infected with a ransomware attack.
This has rendered the entire website inaccessible to both you as well as the entire Equitymaster team.
In the meantime, as we get the website up and running again, please access our latest content on LiveMint and NDTV.
Here are links to our latest articles, published on NDTV.
An Investment Case Study On Warren Buffett's Occidental Petroleum Bet - https://www.ndtv.com/business/an-interesting-investment-case-study-on-warren-buffetts-occidental-petroleum-bet-2838574
Top 10 Penny Stocks Held By Mutual Funds In India -
https://www.ndtv.com/business/top-10-penny-stocks-held-by-mutual-funds-in-india-2838547
As you know, Equitymaster website has been infected with a ransomware attack.
This has rendered the entire website inaccessible to both you as well as the entire Equitymaster team.
In the meantime, as we get the website up and running again, please access our latest content on LiveMint and NDTV.
Here are links to our latest articles, published on NDTV.
An Investment Case Study On Warren Buffett's Occidental Petroleum Bet - https://www.ndtv.com/business/an-interesting-investment-case-study-on-warren-buffetts-occidental-petroleum-bet-2838574
Top 10 Penny Stocks Held By Mutual Funds In India -
https://www.ndtv.com/business/top-10-penny-stocks-held-by-mutual-funds-in-india-2838547
👍4
Sensex, Nifty Trade Flat; Zee Entertainment Zooms 20%
Share markets in India have recovered early losses and are presently trading on a flat note.
Benchmark indices opened lower today tracking weak global cues as crude oil prices edged sharply higher near US$120 a barrel.
Even as FII buying came back, markets fell. FIIs bought shares worth Rs 4.8 bn on Wednesday. This is the second day of inflows.
It seems losses in global markets have dampened sentiment. Asian markets are down today following losses on Wall Street after Fed officials signaled the need for aggressive monetary policy to contain inflation.
At present, the BSE Sensex is trading up by 48 points, up 0.1%. Meanwhile, the NSE Nifty is up 11 points.
Dr Reddy’s Lab and Coal India are among the top gainers today. Titan and Kotak Mahindra Bank, on the other hand, are among the top losers today.
Among individual stocks, Indraprastha Gas is buzzing after it hiked the price of domestic piped natural gas (PNG) in Delhi.
Meanwhile, Sun Pharma is keenly eyed as it settled dispute of Ranbaxy drugs.
Speaking of stock markets, Chartist Brijesh Bhatia believes that the rally in alcohol stocks has just begun.
Watch this video to find out why he is bullish on alcohol stocks and why you should be too.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: A Bullish Trading Opportunity in Alcohol Stocks.
https://youtu.be/HE7GOD6DXiE
You can also join Brijesh Bhatia’s telegram channel – Fast Profits Daily to get the latest updates on what’s happening in the markets and get access to the best trading ideas.
https://t.me/FastProfitsReport
More details to follow in the upcoming commentary.
Share markets in India have recovered early losses and are presently trading on a flat note.
Benchmark indices opened lower today tracking weak global cues as crude oil prices edged sharply higher near US$120 a barrel.
Even as FII buying came back, markets fell. FIIs bought shares worth Rs 4.8 bn on Wednesday. This is the second day of inflows.
It seems losses in global markets have dampened sentiment. Asian markets are down today following losses on Wall Street after Fed officials signaled the need for aggressive monetary policy to contain inflation.
At present, the BSE Sensex is trading up by 48 points, up 0.1%. Meanwhile, the NSE Nifty is up 11 points.
Dr Reddy’s Lab and Coal India are among the top gainers today. Titan and Kotak Mahindra Bank, on the other hand, are among the top losers today.
Among individual stocks, Indraprastha Gas is buzzing after it hiked the price of domestic piped natural gas (PNG) in Delhi.
Meanwhile, Sun Pharma is keenly eyed as it settled dispute of Ranbaxy drugs.
Speaking of stock markets, Chartist Brijesh Bhatia believes that the rally in alcohol stocks has just begun.
Watch this video to find out why he is bullish on alcohol stocks and why you should be too.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: A Bullish Trading Opportunity in Alcohol Stocks.
https://youtu.be/HE7GOD6DXiE
You can also join Brijesh Bhatia’s telegram channel – Fast Profits Daily to get the latest updates on what’s happening in the markets and get access to the best trading ideas.
https://t.me/FastProfitsReport
More details to follow in the upcoming commentary.
👍9
Sensex Trades on a Volatile Note; Banking & Finance Stocks Under Pressure
Share markets in India are presently trading on a volatile note, swinging between gains and losses.
Benchmark indices took a beating in early trade today and fell half a percent as a surge in crude oil prices and prospects of the US Fed raising interest rate added to the already fragile sentiment that is dented by the ongoing Russia-Ukraine war.
Russia is reopening its stock market for limited trading nearly one month after shares plunged and the exchange was shut down following the invasion of Ukraine.
Coming back to Indian markets, the BSE Sensex is currently trading down by 146 points, down 0.3%. Meanwhile, the NSE Nifty is down 39 points.
Dr Reddy’s Lab and Tata Steel are among the top gainers today. ICICI Bank and Kotak Mahindra Bank are among the top losers today.
Nelco share price is in focus after the Tata Group company and Omnispace announced a strategic cooperation agreement to enable and distribute 5G non-terrestrial network (NTN), direct-to-device satellite services.
Asian share markets have recouped some of the early losses. Chartist Brijesh Bhatia believes Asian markets are strongly bullish and the Indian stock market will benefit from this.
Watch this video to find out why Brijesh believes the rally will continue.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Indian Stocks Riding an Asian Wave.
https://www.youtube.com/watch?v=-JRok6kG0bY
You can also join Brijesh Bhatia’s telegram channel – Fast Profits Daily to get the latest updates on what’s happening in the markets and get access to the best trading ideas.
https://t.me/FastProfitsReport
More details to follow in the upcoming commentary.
Share markets in India are presently trading on a volatile note, swinging between gains and losses.
Benchmark indices took a beating in early trade today and fell half a percent as a surge in crude oil prices and prospects of the US Fed raising interest rate added to the already fragile sentiment that is dented by the ongoing Russia-Ukraine war.
Russia is reopening its stock market for limited trading nearly one month after shares plunged and the exchange was shut down following the invasion of Ukraine.
Coming back to Indian markets, the BSE Sensex is currently trading down by 146 points, down 0.3%. Meanwhile, the NSE Nifty is down 39 points.
Dr Reddy’s Lab and Tata Steel are among the top gainers today. ICICI Bank and Kotak Mahindra Bank are among the top losers today.
Nelco share price is in focus after the Tata Group company and Omnispace announced a strategic cooperation agreement to enable and distribute 5G non-terrestrial network (NTN), direct-to-device satellite services.
Asian share markets have recouped some of the early losses. Chartist Brijesh Bhatia believes Asian markets are strongly bullish and the Indian stock market will benefit from this.
Watch this video to find out why Brijesh believes the rally will continue.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Indian Stocks Riding an Asian Wave.
https://www.youtube.com/watch?v=-JRok6kG0bY
You can also join Brijesh Bhatia’s telegram channel – Fast Profits Daily to get the latest updates on what’s happening in the markets and get access to the best trading ideas.
https://t.me/FastProfitsReport
More details to follow in the upcoming commentary.
👍6
Sensex Ends 89 Points Lower; Kotak Mahindra Bank & Titan Top Losers
Indian share markets ended today’s volatile session on a flat note, with a negative bias.
Benchmark indices remained under pressure as Fed officials signaled they won’t shy away from more-aggressive action to tame inflation.
At the closing bell, the BSE Sensex stood lower by 89 points, down 0.2%. Meanwhile, the NSE Nifty ended down by 23 points.
Dr Reddy’s Lab and Coal India were among the top gainers. Titan and Kotak Mahindra Bank were among the top losers.
The BSE midcap index (up 0.3%) and the BSE smallcap index (up 0.2%) bucked the trend and ended on a positive note.
On the sectoral front, banking and finance stocks witnessed heavy selling, while metal and energy stocks witnessed buying interest.
Shares of Zee Entertainment were in focus, surging over 15% after its largest shareholder Invesco said it will not pursue an EGM to add six independent directors to Zee’s Board as it backed the merger between the company and Sony.
Meanwhile, Shoppers Stop extended gains to the fourth straight day as the company’s promoters hiked stake via open market.
Gold prices are trading up by 0.2% at Rs 51,848 per 10 grams, at the time of India market closing hours.
Speaking of gold, Co-head of Research at Equitymaster Rahul Shah recently recorded a video where he discussed whether gold is an effective hedge for your equity portfolio.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Link to the video: Does Gold Make Your Portfolio Crash-Proof?
https://www.youtube.com/watch?v=GUIsj--MDSI&t=7s
You can also join Rahul’s telegram channel – Accelerated Profits where he shares ideas that can potentially accelerate your profits.
https://t.me/AcceleratedProfits
Indian share markets ended today’s volatile session on a flat note, with a negative bias.
Benchmark indices remained under pressure as Fed officials signaled they won’t shy away from more-aggressive action to tame inflation.
At the closing bell, the BSE Sensex stood lower by 89 points, down 0.2%. Meanwhile, the NSE Nifty ended down by 23 points.
Dr Reddy’s Lab and Coal India were among the top gainers. Titan and Kotak Mahindra Bank were among the top losers.
The BSE midcap index (up 0.3%) and the BSE smallcap index (up 0.2%) bucked the trend and ended on a positive note.
On the sectoral front, banking and finance stocks witnessed heavy selling, while metal and energy stocks witnessed buying interest.
Shares of Zee Entertainment were in focus, surging over 15% after its largest shareholder Invesco said it will not pursue an EGM to add six independent directors to Zee’s Board as it backed the merger between the company and Sony.
Meanwhile, Shoppers Stop extended gains to the fourth straight day as the company’s promoters hiked stake via open market.
Gold prices are trading up by 0.2% at Rs 51,848 per 10 grams, at the time of India market closing hours.
Speaking of gold, Co-head of Research at Equitymaster Rahul Shah recently recorded a video where he discussed whether gold is an effective hedge for your equity portfolio.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Link to the video: Does Gold Make Your Portfolio Crash-Proof?
https://www.youtube.com/watch?v=GUIsj--MDSI&t=7s
You can also join Rahul’s telegram channel – Accelerated Profits where he shares ideas that can potentially accelerate your profits.
https://t.me/AcceleratedProfits
👍12❤1
As you are aware, Equitymaster.com is a victim of a ransomware attack.
We will not let this come between you and the credible and honest opinions we publish for you. The entire Equitymaster team is all here and publishing daily as usual.
Despite the devastating nature of the attack, we will continue to publish all the content you expect from us. Please access our content on LiveMint and NDTV.
One more thing...we will try and post regular videos on Equitymaster’s YouTube channel.
https://www.youtube.com/playlist?list=PLouEzv5yQrJzK8XgMYyGVE7TeX6or2D1O
Here are links to our latest articles.
How to sensibly use the SWP option for your retirement planning
https://www.livemint.com/market/how-to-sensibly-use-the-swp-option-for-your-retirement-planning-11648103972652.html
Physical Gold vs Gold Companies: Which Is A Better Investment Option In The Long Run?
https://www.ndtv.com/business/physical-gold-vs-gold-companies-which-is-a-better-investment-option-in-the-long-run-2840672
Kotak Mahindra Bank - Should You Buy After The Block Deal?
https://www.ndtv.com/business/kotak-mahindra-bank-should-you-buy-after-the-block-deal-2840697
We will not let this come between you and the credible and honest opinions we publish for you. The entire Equitymaster team is all here and publishing daily as usual.
Despite the devastating nature of the attack, we will continue to publish all the content you expect from us. Please access our content on LiveMint and NDTV.
One more thing...we will try and post regular videos on Equitymaster’s YouTube channel.
https://www.youtube.com/playlist?list=PLouEzv5yQrJzK8XgMYyGVE7TeX6or2D1O
Here are links to our latest articles.
How to sensibly use the SWP option for your retirement planning
https://www.livemint.com/market/how-to-sensibly-use-the-swp-option-for-your-retirement-planning-11648103972652.html
Physical Gold vs Gold Companies: Which Is A Better Investment Option In The Long Run?
https://www.ndtv.com/business/physical-gold-vs-gold-companies-which-is-a-better-investment-option-in-the-long-run-2840672
Kotak Mahindra Bank - Should You Buy After The Block Deal?
https://www.ndtv.com/business/kotak-mahindra-bank-should-you-buy-after-the-block-deal-2840697
👍10
The index is trading in a range on weekly expiry day. It was all about Reliance Industries and metal stocks on D-street. Nifty ended at 17,222 losing 0.13%.
Multiple bullish harmonic patterns like Gartley and AB=CD are visible on short-term chart of Nifty. Watch chart here https://t.me/FastProfitsReport/458
On the hourly chart, we are witnessing a golden cross (50EMA over 200EMA) for the first time since the last week of January 2022. This indicates the bulls are in control of the short-term trend.
The gap support at 16,987 and the psychological level at 17,000 will be an excellent risk-reward opportunity for bulls.
As we step into the monthly expiry, the 17,000PE writers will come into action and add another layer of support for the bulls.
Asian indices are outperforming and Indian markets are likely to rise higher. Watch the technical analysis on Asian stock indices in the video here https://www.youtube.com/watch?v=-JRok6kG0bY
Brijesh Bhatia
Research Analyst, Fast Profit Report
Multiple bullish harmonic patterns like Gartley and AB=CD are visible on short-term chart of Nifty. Watch chart here https://t.me/FastProfitsReport/458
On the hourly chart, we are witnessing a golden cross (50EMA over 200EMA) for the first time since the last week of January 2022. This indicates the bulls are in control of the short-term trend.
The gap support at 16,987 and the psychological level at 17,000 will be an excellent risk-reward opportunity for bulls.
As we step into the monthly expiry, the 17,000PE writers will come into action and add another layer of support for the bulls.
Asian indices are outperforming and Indian markets are likely to rise higher. Watch the technical analysis on Asian stock indices in the video here https://www.youtube.com/watch?v=-JRok6kG0bY
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍10
Sensex Trades Flat; Titan & Maruti Suzuki Fall 2%
Share markets in India are presently trading on a flat note.
Benchmark indices quickly erased gains after opening in the positive zone as prospects of more sanctions against Russia, a key energy supplier globally, continued to dampen sentiment.
The fall can also be attributed to Asian markets trading in red after opening higher. The Hang Seng, Nikkei and Shanghai Composite, all are trading in red.
US markets had rallied more than 1% overnight, as investors snapped up beaten-down shares of chipmakers and big growth names and as crude oil prices dropped.
Coming back to Indian markets, the BSE Sensex is currently trading down by 63 points. Meanwhile, the NSE Nifty is down 12 points.
SBI and Bharti Airtel are among the top gainers today. Titan and Maruti Suzuki are among the top losers today.
Among individual stocks, Zen Technologies is eyed as it gained 5% after receiving a project sanction order from the Indian Army.
Meanwhile, shares of Motherson Sumi spiked on winning an order to manufacture & supply parts for commercial plane interiors to Boeing.
Speaking of stock markets, India’s #1 trader Vijay Bhambwani recently recorded a video explaining why you need to move fast and lock in a good sovereign interest rate.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Link to the video: Lock-in Sovereign Investments Before Rates Fall.
https://www.youtube.com/watch?v=4L7wcvmozXo
Meanwhile, Chartist Brijesh Bhatia recently shared an update on the Bank Nifty index on his telegram channel.
We recommend you join his telegram channel – Fast Profits Daily to get the latest updates on what’s happening in the markets and get access to the best trading ideas.
https://t.me/FastProfitsReport
More details to follow in the upcoming commentary.
Share markets in India are presently trading on a flat note.
Benchmark indices quickly erased gains after opening in the positive zone as prospects of more sanctions against Russia, a key energy supplier globally, continued to dampen sentiment.
The fall can also be attributed to Asian markets trading in red after opening higher. The Hang Seng, Nikkei and Shanghai Composite, all are trading in red.
US markets had rallied more than 1% overnight, as investors snapped up beaten-down shares of chipmakers and big growth names and as crude oil prices dropped.
Coming back to Indian markets, the BSE Sensex is currently trading down by 63 points. Meanwhile, the NSE Nifty is down 12 points.
SBI and Bharti Airtel are among the top gainers today. Titan and Maruti Suzuki are among the top losers today.
Among individual stocks, Zen Technologies is eyed as it gained 5% after receiving a project sanction order from the Indian Army.
Meanwhile, shares of Motherson Sumi spiked on winning an order to manufacture & supply parts for commercial plane interiors to Boeing.
Speaking of stock markets, India’s #1 trader Vijay Bhambwani recently recorded a video explaining why you need to move fast and lock in a good sovereign interest rate.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Link to the video: Lock-in Sovereign Investments Before Rates Fall.
https://www.youtube.com/watch?v=4L7wcvmozXo
Meanwhile, Chartist Brijesh Bhatia recently shared an update on the Bank Nifty index on his telegram channel.
We recommend you join his telegram channel – Fast Profits Daily to get the latest updates on what’s happening in the markets and get access to the best trading ideas.
https://t.me/FastProfitsReport
More details to follow in the upcoming commentary.
👍7
Sensex Trades Over 300 Points Lower; Auto & FMCG Stocks Under Pressure
Share markets in India have extended early losses and are presently trading on a negative note.
Benchmark indices are lower today despite global markets being up as investors opted to stay sideways after the recent gains.
While falling crude oil prices kept the losses under check, a hike in fuel prices for the third-time hurt sentiment.
Asian share markets came under pressure after opening in green following US stocks overnight.
The BSE Sensex is currently trading down by 343 points, down 0.6%.
Meanwhile, the NSE Nifty is down 92 points.
Reliance and Kotak Mahindra Bank are among the top gainers today.
Titan and Maruti Suzuki, on the other hand, are among the top losers today.
Among individual stocks, Future Enterprises share price fell 5% after it defaulted to banks.
Meanwhile, sugar stocks came under pressure on reports of likely restrictions on sugar exports.
Speaking of stock markets, India’s #1 trader Vijay Bhambwani recently recorded a video explaining why you need to move fast and lock in a good sovereign interest rate.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Link to the video: Lock-in Sovereign Investments Before Rates Fall.
https://www.youtube.com/watch?v=4L7wcvmozXo
Meanwhile, Chartist Brijesh Bhatia recently shared an update on the Bank Nifty index on his telegram channel.
We recommend you join his telegram channel – Fast Profits Daily to get the latest updates on what’s happening in the markets and get access to the best trading ideas.
https://t.me/FastProfitsReport
More details to follow in the upcoming commentary.
Share markets in India have extended early losses and are presently trading on a negative note.
Benchmark indices are lower today despite global markets being up as investors opted to stay sideways after the recent gains.
While falling crude oil prices kept the losses under check, a hike in fuel prices for the third-time hurt sentiment.
Asian share markets came under pressure after opening in green following US stocks overnight.
The BSE Sensex is currently trading down by 343 points, down 0.6%.
Meanwhile, the NSE Nifty is down 92 points.
Reliance and Kotak Mahindra Bank are among the top gainers today.
Titan and Maruti Suzuki, on the other hand, are among the top losers today.
Among individual stocks, Future Enterprises share price fell 5% after it defaulted to banks.
Meanwhile, sugar stocks came under pressure on reports of likely restrictions on sugar exports.
Speaking of stock markets, India’s #1 trader Vijay Bhambwani recently recorded a video explaining why you need to move fast and lock in a good sovereign interest rate.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Link to the video: Lock-in Sovereign Investments Before Rates Fall.
https://www.youtube.com/watch?v=4L7wcvmozXo
Meanwhile, Chartist Brijesh Bhatia recently shared an update on the Bank Nifty index on his telegram channel.
We recommend you join his telegram channel – Fast Profits Daily to get the latest updates on what’s happening in the markets and get access to the best trading ideas.
https://t.me/FastProfitsReport
More details to follow in the upcoming commentary.
❤5👍1
Sensex Down 400 Points, Nifty Trades Near 17,100; Titan and Tech Mahindra Top Losers
Share markets in India are presently trading on a weak note.
Investors continue to grapple with the ramifications of Russia’s invasion and isolation, including rising raw-material costs, which have spurred projections of greater inflation and more aggressive Fed interest-rate hikes.
European stock markets wavered at the open today after a mixed session in Asia, as traders struggled to build on a rally in New York.
Coming back to Indian markets, the BSE Sensex is down around 450-odd points at 57,100 levels, while the Nifty is languishing around 17,100-level.
The broader markets also slipped into the negative zone. The BSE Midcap and Smallcap indices were down around 0.6% and 0.4%, respectively.
On the sectoral front, consumer durables stocks shed 2%, the IT and FMCG indices were down around a per cent each.
On the positive side, realty sector stocks are trading up by 0.6% , and the energy sector stocks are trading on a flat note.
Speaking of stock markets, India’s #1 trader Vijay Bhambwani recently recorded a video explaining why you need to move fast and lock in a good sovereign interest rate.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Link to the video: Lock-in Sovereign Investments Before Rates Fall.
https://www.youtube.com/watch?v=4L7wcvmozXo
Meanwhile, Chartist Brijesh Bhatia recently shared an update on the Bank Nifty index on his telegram channel.
We recommend you join his telegram channel – Fast Profits Daily to get the latest updates on what’s happening in the markets and get access to the best trading ideas.
https://t.me/FastProfitsReport
More details to follow in the upcoming commentary.
Share markets in India are presently trading on a weak note.
Investors continue to grapple with the ramifications of Russia’s invasion and isolation, including rising raw-material costs, which have spurred projections of greater inflation and more aggressive Fed interest-rate hikes.
European stock markets wavered at the open today after a mixed session in Asia, as traders struggled to build on a rally in New York.
Coming back to Indian markets, the BSE Sensex is down around 450-odd points at 57,100 levels, while the Nifty is languishing around 17,100-level.
The broader markets also slipped into the negative zone. The BSE Midcap and Smallcap indices were down around 0.6% and 0.4%, respectively.
On the sectoral front, consumer durables stocks shed 2%, the IT and FMCG indices were down around a per cent each.
On the positive side, realty sector stocks are trading up by 0.6% , and the energy sector stocks are trading on a flat note.
Speaking of stock markets, India’s #1 trader Vijay Bhambwani recently recorded a video explaining why you need to move fast and lock in a good sovereign interest rate.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Link to the video: Lock-in Sovereign Investments Before Rates Fall.
https://www.youtube.com/watch?v=4L7wcvmozXo
Meanwhile, Chartist Brijesh Bhatia recently shared an update on the Bank Nifty index on his telegram channel.
We recommend you join his telegram channel – Fast Profits Daily to get the latest updates on what’s happening in the markets and get access to the best trading ideas.
https://t.me/FastProfitsReport
More details to follow in the upcoming commentary.
👍4
Sensex Ends 234 Points Lower, Nifty Settles Below 17,200; FMCG, Auto & IT Stocks Tumble
Indian share markets witnessed volatile trading activity throughout the day today and ended lower.
Benchmark indices fell for the third consecutive day, reacting to global markets, especially related to the geopolitical situation and Fed rate hikes.
At the closing bell, the BSE Sensex stood lower by 234 points (down 0.4%).
Meanwhile, the NSE Nifty closed lower by 70 points (down 0.4%).
Bajaj Auto and Adani Ports were among the top gainers. Titan and Tech Mahindra were among the top losers.
The BSE MidCap index and the BSE SmallCap index ended down by 0.4% and 0.3%, respectively.
Among the sectors, automobile and FMCG witnessed selling while realty stocks ended in green.
Bharti Airtel was among the top buzzing stock today after it said it paid Rs 88.2 bn to the DoT towards part prepayment of deferred liabilities.
Meanwhile, shares of Inox Leisure hit a 52-week high, supported by heavy volumes.
Speaking of stock markets, India’s #1 trader Vijay Bhambwani explains why you need to move fast and lock in a good sovereign interest rate, in his latest video.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Link to the video: Lock-in Sovereign Investments Before Rates Fall.
https://www.youtube.com/watch?v=4L7wcvmozXo
Meanwhile, we recommend you join Co-head of Research at Equitymaster Rahul Shah’s telegram channel – Accelerated Profits, where he shares ideas that can potentially accelerate your profits.
https://t.me/AcceleratedProfits
Indian share markets witnessed volatile trading activity throughout the day today and ended lower.
Benchmark indices fell for the third consecutive day, reacting to global markets, especially related to the geopolitical situation and Fed rate hikes.
At the closing bell, the BSE Sensex stood lower by 234 points (down 0.4%).
Meanwhile, the NSE Nifty closed lower by 70 points (down 0.4%).
Bajaj Auto and Adani Ports were among the top gainers. Titan and Tech Mahindra were among the top losers.
The BSE MidCap index and the BSE SmallCap index ended down by 0.4% and 0.3%, respectively.
Among the sectors, automobile and FMCG witnessed selling while realty stocks ended in green.
Bharti Airtel was among the top buzzing stock today after it said it paid Rs 88.2 bn to the DoT towards part prepayment of deferred liabilities.
Meanwhile, shares of Inox Leisure hit a 52-week high, supported by heavy volumes.
Speaking of stock markets, India’s #1 trader Vijay Bhambwani explains why you need to move fast and lock in a good sovereign interest rate, in his latest video.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Link to the video: Lock-in Sovereign Investments Before Rates Fall.
https://www.youtube.com/watch?v=4L7wcvmozXo
Meanwhile, we recommend you join Co-head of Research at Equitymaster Rahul Shah’s telegram channel – Accelerated Profits, where he shares ideas that can potentially accelerate your profits.
https://t.me/AcceleratedProfits
YouTube
Lock-in Sovereign Investments Before Rates Fall | Make Sovereign Investments Now | Vijay Bhambwani
Get free access to our latest research idea instantly. Visit: http://www.eqtm.in/i7D9C
In this video, I’ll explain why you need to move fast and lock in a good sovereign interest rate.
I’m a big proponent of sovereign investments. They are the only truly…
In this video, I’ll explain why you need to move fast and lock in a good sovereign interest rate.
I’m a big proponent of sovereign investments. They are the only truly…
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