Sensex Up 450 Points; Tata Consumer & Bajaj Finserv Top Gainers
Indian share markets are presently trading on a positive note.
Benchmark indices started on an upbeat note today as Russia said it will pull back troops from Ukraine's Kyiv and other northern areas.
Currently, the BSE Sensex is trading up by 454 points, up 0.8%. Meanwhile, the NSE Nifty is up 126 points.
Bajaj Finserv and Bharti Airtel are among the top gainers today.
Tata Steel and Tech Mahindra, on the other hand, are among the top losers today.
Shares of Tata Consumer are eyed as the company on Tuesday announced reorganisation of its India and overseas businesses.
It also proposed to purchase of a 10.15% minority interest in its UK subsidiary, TCP UK.
Meanwhile, shares of Motherson Sumi Wiring plunged after reports said company's 0.67% equity changed hands on the bourses.
Speaking of stock markets, Chartist Brijesh Bhatia has recorded a video discussing the stocks and sectors to trade before the results season kicks off.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Trade the Best Sector Before the Results.
https://www.youtube.com/watch?v=Wv5PYQNRbTg
Brijesh has also shared an update on the smallcap index and the levels to watch, 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.
Indian share markets are presently trading on a positive note.
Benchmark indices started on an upbeat note today as Russia said it will pull back troops from Ukraine's Kyiv and other northern areas.
Currently, the BSE Sensex is trading up by 454 points, up 0.8%. Meanwhile, the NSE Nifty is up 126 points.
Bajaj Finserv and Bharti Airtel are among the top gainers today.
Tata Steel and Tech Mahindra, on the other hand, are among the top losers today.
Shares of Tata Consumer are eyed as the company on Tuesday announced reorganisation of its India and overseas businesses.
It also proposed to purchase of a 10.15% minority interest in its UK subsidiary, TCP UK.
Meanwhile, shares of Motherson Sumi Wiring plunged after reports said company's 0.67% equity changed hands on the bourses.
Speaking of stock markets, Chartist Brijesh Bhatia has recorded a video discussing the stocks and sectors to trade before the results season kicks off.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Trade the Best Sector Before the Results.
https://www.youtube.com/watch?v=Wv5PYQNRbTg
Brijesh has also shared an update on the smallcap index and the levels to watch, 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.
👍6
Indian Indices Extend Gains; Sensex Up Over 650 Points
Indian share markets have extended early gains and are presently trading on a strong note.
Benchmark indices are upbeat today as Russia said it will pull back troops from Ukraine's Kyiv and other northern areas.
The progress in peace talks improved sentiment and markets rose for a third straight day to their highest since mid-February.
Currently, the BSE Sensex is trading up by 652 points, up 1.1%. Meanwhile, the NSE Nifty is up 170 points.
Bajaj twins and Maruti are among the top gainers today. Tata Steel and Tech Mahindra, on the other hand, are among the top losers today.
In primary markets, Hariom Pipe’s IPO opened for subscription today and received a good response. The retail investor quota sailed through within 2 hours.
The company will raise Rs 1.3 bn via this IPO and is selling shares in the price range of Rs 144-153 apiece.
Meanwhile, Axis Bank is buzzing today after reports stated the private sector lender is close to acquiring Citigroup's retail banking business in India and a deal is likely to be announced soon.
Speaking of stock markets, Chartist Brijesh Bhatia has recorded a video discussing the stocks and sectors to trade before the results season kicks off.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Trade the Best Sector Before the Results.
https://www.youtube.com/watch?v=Wv5PYQNRbTg
Meanwhile, Brijesh has also shared an update on the Nifty realty index and why it will head higher, 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.
Indian share markets have extended early gains and are presently trading on a strong note.
Benchmark indices are upbeat today as Russia said it will pull back troops from Ukraine's Kyiv and other northern areas.
The progress in peace talks improved sentiment and markets rose for a third straight day to their highest since mid-February.
Currently, the BSE Sensex is trading up by 652 points, up 1.1%. Meanwhile, the NSE Nifty is up 170 points.
Bajaj twins and Maruti are among the top gainers today. Tata Steel and Tech Mahindra, on the other hand, are among the top losers today.
In primary markets, Hariom Pipe’s IPO opened for subscription today and received a good response. The retail investor quota sailed through within 2 hours.
The company will raise Rs 1.3 bn via this IPO and is selling shares in the price range of Rs 144-153 apiece.
Meanwhile, Axis Bank is buzzing today after reports stated the private sector lender is close to acquiring Citigroup's retail banking business in India and a deal is likely to be announced soon.
Speaking of stock markets, Chartist Brijesh Bhatia has recorded a video discussing the stocks and sectors to trade before the results season kicks off.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Trade the Best Sector Before the Results.
https://www.youtube.com/watch?v=Wv5PYQNRbTg
Meanwhile, Brijesh has also shared an update on the Nifty realty index and why it will head higher, 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.
👍6
Sensex Up 600 Points, Nifty Trades Near 17,500; Realty & Power Stocks Rally
Share markets in India are presently trading on a strong note.
Asian markets ended on a mixed note today. The Hang Seng and the Shanghai Composite ended up by 1.4% and 2%, respectively. The Nikkei ended down by 0.8% in today’s session.
Coming back to Indian markets, the Sensex is trading at 58,500 level, which is 600 points or 1% higher, while the Nifty is trading 136 points or 0.8% higher at 17,461 points.
Bajaj Finance and Bajaj Finserv are among the top gainers. ONGC and Hindalco, on the other hand, are among the top losers.
Broader markets are also firmly up - the BSE Midcap index gained 0.7%, while the Smallcap index soared 1.2%.
On the sectoral front, IT, banking, auto and power indices were up over a percent each, while the metal index shed 2.3%.
Speaking of stock markets, Chartist Brijesh Bhatia has recorded a video discussing the stocks and sectors to trade before the results season kicks off.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Trade the Best Sector Before the Results.
https://www.youtube.com/watch?v=Wv5PYQNRbTg
Meanwhile, Brijesh has also shared an update on the Nifty realty index and why it will head higher, 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 strong note.
Asian markets ended on a mixed note today. The Hang Seng and the Shanghai Composite ended up by 1.4% and 2%, respectively. The Nikkei ended down by 0.8% in today’s session.
Coming back to Indian markets, the Sensex is trading at 58,500 level, which is 600 points or 1% higher, while the Nifty is trading 136 points or 0.8% higher at 17,461 points.
Bajaj Finance and Bajaj Finserv are among the top gainers. ONGC and Hindalco, on the other hand, are among the top losers.
Broader markets are also firmly up - the BSE Midcap index gained 0.7%, while the Smallcap index soared 1.2%.
On the sectoral front, IT, banking, auto and power indices were up over a percent each, while the metal index shed 2.3%.
Speaking of stock markets, Chartist Brijesh Bhatia has recorded a video discussing the stocks and sectors to trade before the results season kicks off.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Trade the Best Sector Before the Results.
https://www.youtube.com/watch?v=Wv5PYQNRbTg
Meanwhile, Brijesh has also shared an update on the Nifty realty index and why it will head higher, 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.
👍3
Sensex Zooms 740 Points, Nifty Settles Near 17,500; Zomato Rallies 9%
Indian share markets witnessed positive trading activity throughout the day today and ended on a strong note.
Benchmark indices ended higher for the third consecutive session today amid positive global cues.
Investor sentiment was boosted following negotiations between Russian and Ukrainian officials in Turkey, at which Russia's deputy defence minister claimed Moscow had decided to ‘drastically’ cut back its military activity near Ukraine's capital.
At the closing bell, the BSE Sensex stood higher by 740 points (up 1.3%).
Meanwhile, the NSE Nifty closed higher by 173 points (up 1%).
HDFC Life Insurance and Bajaj Finserv were among the top gainers today. On the other hand, Hindalco and ONGC were among the top losers today.
Reliance Industries, Paytm, Zomato, IOC, Apollo Hospitals, and HDFC Bank were among the top buzzing stocks today, which witnessed heightened activity on account of the Semi-Annual Index Review.
Gold prices for the latest contract on MCX are trading up by 0.6% at Rs 51,096 per 10 grams.
Speaking of stock markets, Chartist Brijesh Bhatia has recorded a video discussing the stocks and sectors to trade before the results season kicks off.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Trade the Best Sector Before the Results.
https://www.youtube.com/watch?v=Wv5PYQNRbTg
Meanwhile, Brijesh has also shared an update on the Nifty realty index and why it will head higher, 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
Indian share markets witnessed positive trading activity throughout the day today and ended on a strong note.
Benchmark indices ended higher for the third consecutive session today amid positive global cues.
Investor sentiment was boosted following negotiations between Russian and Ukrainian officials in Turkey, at which Russia's deputy defence minister claimed Moscow had decided to ‘drastically’ cut back its military activity near Ukraine's capital.
At the closing bell, the BSE Sensex stood higher by 740 points (up 1.3%).
Meanwhile, the NSE Nifty closed higher by 173 points (up 1%).
HDFC Life Insurance and Bajaj Finserv were among the top gainers today. On the other hand, Hindalco and ONGC were among the top losers today.
Reliance Industries, Paytm, Zomato, IOC, Apollo Hospitals, and HDFC Bank were among the top buzzing stocks today, which witnessed heightened activity on account of the Semi-Annual Index Review.
Gold prices for the latest contract on MCX are trading up by 0.6% at Rs 51,096 per 10 grams.
Speaking of stock markets, Chartist Brijesh Bhatia has recorded a video discussing the stocks and sectors to trade before the results season kicks off.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Trade the Best Sector Before the Results.
https://www.youtube.com/watch?v=Wv5PYQNRbTg
Meanwhile, Brijesh has also shared an update on the Nifty realty index and why it will head higher, 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
👍3
Dear reader,
We are extremely grateful for your support at this difficult time. Equitymaster has suffered a devastating ransomware attack and is working round the clock to bounce back stronger than before.
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.
Here are links to some of our latest articles:
How investors could have avoided losses in Paytm and Zomato
https://www.livemint.com/market/stock-market-news/how-investors-could-have-avoided-losses-in-paytm-and-zomato-11648554326733.html
Escorts open offer: How investors can use the arbitrage opportunity to potentially make big returns
https://www.livemint.com/market/stock-market-news/escorts-open-offer-how-investors-can-use-the-arbitrage-opportunity-11648553887290.html
Paytm To Zomato: 2022's Worst Performing Stocks So Far
https://www.ndtv.com/business/paytm-to-zomato-2022s-worst-performing-stocks-so-far-2849312
How India's Best 2-Wheeler EV Stocks Are Powering Ahead
https://www.ndtv.com/business/how-indias-best-2-wheeler-ev-stocks-are-powering-ahead-2852236
One more thing...we will post regular videos on Equitymaster’s YouTube channel. So do join in if you haven’t already.
https://www.youtube.com/user/eqtmonline/featured
We are extremely grateful for your support at this difficult time. Equitymaster has suffered a devastating ransomware attack and is working round the clock to bounce back stronger than before.
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.
Here are links to some of our latest articles:
How investors could have avoided losses in Paytm and Zomato
https://www.livemint.com/market/stock-market-news/how-investors-could-have-avoided-losses-in-paytm-and-zomato-11648554326733.html
Escorts open offer: How investors can use the arbitrage opportunity to potentially make big returns
https://www.livemint.com/market/stock-market-news/escorts-open-offer-how-investors-can-use-the-arbitrage-opportunity-11648553887290.html
Paytm To Zomato: 2022's Worst Performing Stocks So Far
https://www.ndtv.com/business/paytm-to-zomato-2022s-worst-performing-stocks-so-far-2849312
How India's Best 2-Wheeler EV Stocks Are Powering Ahead
https://www.ndtv.com/business/how-indias-best-2-wheeler-ev-stocks-are-powering-ahead-2852236
One more thing...we will post regular videos on Equitymaster’s YouTube channel. So do join in if you haven’t already.
https://www.youtube.com/user/eqtmonline/featured
👍3
Our Co-head of Research Rahul Shah has sent out this month's Exponential Profits report, where he made a new stock recommendation.
It has been mailed to subscribers email ids registered with us.
Subscribers can check the mailboxes for accessing the same.
The key highlights include a SELL recommendation on an existing open position, locking in gains of more than 120% and this month's brand new recommendation.
It has been mailed to subscribers email ids registered with us.
Subscribers can check the mailboxes for accessing the same.
The key highlights include a SELL recommendation on an existing open position, locking in gains of more than 120% and this month's brand new recommendation.
👍17
Sensex Trades Marginally Higher; Bajaj Finance & Axis Bank Lead Gains
Indian share markets are presently trading on a positive note.
Benchmark indices started today’s session with marginal gains, tracking global sentiment.
Crude oil prices dived more than US$5 a barrel on news that Biden administration is weighing releasing some 1 million barrels of oil per day from strategic reserves for several months in a bid to calm soaring crude prices.
Currently, the BSE Sensex is trading up by 124 points, up 0.2%. Meanwhile, the NSE Nifty is up 39 points.
M&M and Bajaj Finance are among the top gainers today. Infosys and Reliance, on the other hand, are among the top losers today.
Shares of Tata Steel are buzzing after the steel major said it will acquire ferro alloys producing assets of Odisha-based Stork Ferro and Mineral Industries for Rs 1.6 bn in an all-cash deal.
Meanwhile, American banking major Citi joined a long list of foreign banks that have either exited or cut down on their business presence in India with the sale of its consumer banking business to Axis Bank for Rs 123.3 bn.
Nazara Technologies is also eyed after the company's subsidiary said it invest US$2.5 million in BITKRAFT Funds.
Speaking of stock markets, Chartist Brijesh Bhatia discusses pharma stocks in his latest video and explains whether things are turning around for them.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Pharma Stocks: From Underdog to Dark Horse.
https://www.youtube.com/watch?v=2BWC_1N-7mY
Meanwhile, Brijesh has also shared an update on the Nifty index and levels to watch, 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.
Indian share markets are presently trading on a positive note.
Benchmark indices started today’s session with marginal gains, tracking global sentiment.
Crude oil prices dived more than US$5 a barrel on news that Biden administration is weighing releasing some 1 million barrels of oil per day from strategic reserves for several months in a bid to calm soaring crude prices.
Currently, the BSE Sensex is trading up by 124 points, up 0.2%. Meanwhile, the NSE Nifty is up 39 points.
M&M and Bajaj Finance are among the top gainers today. Infosys and Reliance, on the other hand, are among the top losers today.
Shares of Tata Steel are buzzing after the steel major said it will acquire ferro alloys producing assets of Odisha-based Stork Ferro and Mineral Industries for Rs 1.6 bn in an all-cash deal.
Meanwhile, American banking major Citi joined a long list of foreign banks that have either exited or cut down on their business presence in India with the sale of its consumer banking business to Axis Bank for Rs 123.3 bn.
Nazara Technologies is also eyed after the company's subsidiary said it invest US$2.5 million in BITKRAFT Funds.
Speaking of stock markets, Chartist Brijesh Bhatia discusses pharma stocks in his latest video and explains whether things are turning around for them.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Pharma Stocks: From Underdog to Dark Horse.
https://www.youtube.com/watch?v=2BWC_1N-7mY
Meanwhile, Brijesh has also shared an update on the Nifty index and levels to watch, 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 Trades on a Volatile Note; Healthcare & IT Stocks Under Pressure
Share markets in India have erased early gains and are presently trading on a flat note with negative note.
Benchmark indices turned volatile in afternoon session tracking weak global cues and on the back of monthly F&O expiry.
Currently, the BSE Sensex is trading down by 47 points, down 0.1%. Meanwhile, the NSE Nifty is down 16 points.
M&M and Asian Paints are among the top gainers today. Wipro and Reliance, on the other hand, are among the top losers today.
Broader markets are bucking the trend and trading on a positive note. The BSE midcap and BSE smallcap indices are up 0.2% and 0.5%, respectively.
Shares of IIFL Wealth Management rallied 8% after Bain Capital agreed to acquire a major stake in the company.
On the sectoral front, pharma and IT stocks are down while telecom and FMCG stocks are trading in green.
Speaking of stock markets, Chartist Brijesh Bhatia discusses pharma stocks in his latest video and explains whether things are turning around for them.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Pharma Stocks: From Underdog to Dark Horse.
https://www.youtube.com/watch?v=2BWC_1N-7mY
Meanwhile, Brijesh has also shared an update on the Nifty index and levels to watch, 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 erased early gains and are presently trading on a flat note with negative note.
Benchmark indices turned volatile in afternoon session tracking weak global cues and on the back of monthly F&O expiry.
Currently, the BSE Sensex is trading down by 47 points, down 0.1%. Meanwhile, the NSE Nifty is down 16 points.
M&M and Asian Paints are among the top gainers today. Wipro and Reliance, on the other hand, are among the top losers today.
Broader markets are bucking the trend and trading on a positive note. The BSE midcap and BSE smallcap indices are up 0.2% and 0.5%, respectively.
Shares of IIFL Wealth Management rallied 8% after Bain Capital agreed to acquire a major stake in the company.
On the sectoral front, pharma and IT stocks are down while telecom and FMCG stocks are trading in green.
Speaking of stock markets, Chartist Brijesh Bhatia discusses pharma stocks in his latest video and explains whether things are turning around for them.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Pharma Stocks: From Underdog to Dark Horse.
https://www.youtube.com/watch?v=2BWC_1N-7mY
Meanwhile, Brijesh has also shared an update on the Nifty index and levels to watch, 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.
👍6
Sensex Snaps 3-Day Winning Streak; FMCG and Telecom Stocks Shine
Indian share markets witnessed volatile trading activity today and ended on a negative note.
Benchmark indices swung between gains and losses as investors adjusted their positions ahead of the monthly F&O expiry.
Meanwhile, tepid global cues amid geopolitical and economic uncertainty dampened sentiment.
At the closing bell, the BSE Sensex ended down by 115 points, down 0.2%. Meanwhile, the NSE Nifty closed lower by 34 points.
M&M and HUL were the top gainers today. Wipro and Reliance, on the other hand, were among the top losers.
On the sectoral front, pharma and healthcare stocks ended lower while telecom and FMCG stocks witnessed buying.
Shares of Vodafone Idea were buzzing today after the company said its board has approved the allotment of 3.38 billion equity shares at Rs 13.30 per scrip to three promoters group entities for about Rs 45 bn.
Meanwhile, Dhanlaxmi Bank shares jumped on RBI’s nod for opening new branches.
Gold prices for the latest contract on MCX are trading up by 0.3% at Rs 51,116 per 10 grams.
Speaking of stock markets, Chartist Brijesh Bhatia discusses pharma stocks in his latest video and explains whether things are turning around for them.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Pharma Stocks: From Underdog to Dark Horse.
https://www.youtube.com/watch?v=2BWC_1N-7mY
Meanwhile, Brijesh has also shared an update on the Nifty index and levels to watch, 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
Indian share markets witnessed volatile trading activity today and ended on a negative note.
Benchmark indices swung between gains and losses as investors adjusted their positions ahead of the monthly F&O expiry.
Meanwhile, tepid global cues amid geopolitical and economic uncertainty dampened sentiment.
At the closing bell, the BSE Sensex ended down by 115 points, down 0.2%. Meanwhile, the NSE Nifty closed lower by 34 points.
M&M and HUL were the top gainers today. Wipro and Reliance, on the other hand, were among the top losers.
On the sectoral front, pharma and healthcare stocks ended lower while telecom and FMCG stocks witnessed buying.
Shares of Vodafone Idea were buzzing today after the company said its board has approved the allotment of 3.38 billion equity shares at Rs 13.30 per scrip to three promoters group entities for about Rs 45 bn.
Meanwhile, Dhanlaxmi Bank shares jumped on RBI’s nod for opening new branches.
Gold prices for the latest contract on MCX are trading up by 0.3% at Rs 51,116 per 10 grams.
Speaking of stock markets, Chartist Brijesh Bhatia discusses pharma stocks in his latest video and explains whether things are turning around for them.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Pharma Stocks: From Underdog to Dark Horse.
https://www.youtube.com/watch?v=2BWC_1N-7mY
Meanwhile, Brijesh has also shared an update on the Nifty index and levels to watch, 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
👍3
It has been 2 years since the Covid fall and Nifty gains over 100% since FY2020-21 close; gains ~18% in the FY2021-22 to settle the year at 17,464.
The multiple doji candlestick pattern on quarterly chart indicates the volatile Q1FY2022-2023; traders get ready for roller coaster quarter.
For April; 16,800-17,000 will be the key support area while 17,660-17,824 will be decisive hurdle; either side break will be the trading opportunity.
As per seasonality analysis, April has been the month of bulls with an average gain over 2% for last 26years of data.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The multiple doji candlestick pattern on quarterly chart indicates the volatile Q1FY2022-2023; traders get ready for roller coaster quarter.
For April; 16,800-17,000 will be the key support area while 17,660-17,824 will be decisive hurdle; either side break will be the trading opportunity.
As per seasonality analysis, April has been the month of bulls with an average gain over 2% for last 26years of data.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍8
Dear reader,
Your favourite financial website Equitymaster.com will be back stronger than ever. The entire team has been working round the clock to ensure this.
Despite the devastating nature of the ransomware attack, we will continue to publish all the content you expect from us. Please access our content on LiveMint and NDTV.
Here are links to some of our latest articles:
NSE Nifty – Series of Bullish Head & Shoulder
https://www.livemint.com/market/stock-market-news/nse-nifty-series-of-bullish-head-shoulder-11648699498259.html
Is this the best time to invest in defence stocks?
https://www.livemint.com/market/stock-market-news/is-this-the-best-time-to-invest-in-defence-stocks-11648726607235.html
PVR-Inox Merger: An Opportunity You May Not Know Of
https://www.ndtv.com/business/pvr-inox-merger-an-opportunity-you-may-not-know-of-2854531
One more thing...we will post regular videos on Equitymaster’s YouTube channel. So do join in if you haven’t already.
https://www.youtube.com/user/eqtmonline/featured
Your favourite financial website Equitymaster.com will be back stronger than ever. The entire team has been working round the clock to ensure this.
Despite the devastating nature of the ransomware attack, we will continue to publish all the content you expect from us. Please access our content on LiveMint and NDTV.
Here are links to some of our latest articles:
NSE Nifty – Series of Bullish Head & Shoulder
https://www.livemint.com/market/stock-market-news/nse-nifty-series-of-bullish-head-shoulder-11648699498259.html
Is this the best time to invest in defence stocks?
https://www.livemint.com/market/stock-market-news/is-this-the-best-time-to-invest-in-defence-stocks-11648726607235.html
PVR-Inox Merger: An Opportunity You May Not Know Of
https://www.ndtv.com/business/pvr-inox-merger-an-opportunity-you-may-not-know-of-2854531
One more thing...we will post regular videos on Equitymaster’s YouTube channel. So do join in if you haven’t already.
https://www.youtube.com/user/eqtmonline/featured
👍9❤6
Sensex Up Over 200 Points; NTPC & Power Grid Lead Gains
Share markets in India are presently trading on a positive note.
Benchmark indices gained momentum after a flat start tracking weak global sentiment as US and European indices logged significant losses overnight.
Crude oil prices tumbled yesterday after the US announced it would release a record amount of oil from its stockpiles to fight soaring gas prices sparked by Russia's invasion of Ukraine.
At present, the BSE Sensex is up 244 points, up 0.4%. Meanwhile, the NSE Nifty is trading higher by 75 points.
NTPC and Power Grid are the top gainers today. Titan and Infosys, on the other hand, are among the top losers.
Hero MotoCorp slipped over 5% after the I-T dept found that the company has siphoned off Rs 8 bn via shell firms.
Meanwhile, Future Retail gained 5% following the company's CEO Sadashiv Nayak quitting the company seven months after his appointment.
Speaking of stock markets, India’s #1 trader Vijay Bhambwani explains how the nickel broke the market, in his latest video.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Russia-Ukraine War: How Nickel Broke the Market.
https://www.youtube.com/watch?v=ql-TZJB02no
Meanwhile, Brijesh has shared an update on the Nifty index and levels to watch, 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 positive note.
Benchmark indices gained momentum after a flat start tracking weak global sentiment as US and European indices logged significant losses overnight.
Crude oil prices tumbled yesterday after the US announced it would release a record amount of oil from its stockpiles to fight soaring gas prices sparked by Russia's invasion of Ukraine.
At present, the BSE Sensex is up 244 points, up 0.4%. Meanwhile, the NSE Nifty is trading higher by 75 points.
NTPC and Power Grid are the top gainers today. Titan and Infosys, on the other hand, are among the top losers.
Hero MotoCorp slipped over 5% after the I-T dept found that the company has siphoned off Rs 8 bn via shell firms.
Meanwhile, Future Retail gained 5% following the company's CEO Sadashiv Nayak quitting the company seven months after his appointment.
Speaking of stock markets, India’s #1 trader Vijay Bhambwani explains how the nickel broke the market, in his latest video.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Russia-Ukraine War: How Nickel Broke the Market.
https://www.youtube.com/watch?v=ql-TZJB02no
Meanwhile, Brijesh has shared an update on the Nifty index and levels to watch, 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.
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Here’s a note on the latest status of the ransomeware attack on Equitymaster - https://www.equitymaster.com/
We have also posted a detailed FAQ on the status of our Portfolio Tracker. Please access here - https://www.equitymaster.com/portfolio/faq.asp
Sensex Trades Marginally Higher; Power and Banking Stocks Rally
Share markets in India held on to opening gains and are presently trading marginally higher. A sharp fall in crude prices has lifted sentiments.
Crude oil prices tumbled yesterday after the US announced it would release a record amount of oil from its stockpiles to fight soaring gas prices sparked by Russia's invasion of Ukraine.
The BSE Sensex is currently trading up by 210 points, up 0.4%. Meanwhile, the NSE Nifty is up 61 points.
NTPC and IndusInd Bank are the top gainers today. Titan and Sun Pharma, on the other hand, are among the top losers.
In broader markets, the BSE midcap index is up 1% while the BSE smallcap index gained 1.4%.
Shares of ITC are eyed as India's largest wheat exporter expects a threefold increase in the country's wheat exports in fiscal 2023 and the domestic prices to reign at a higher level round the year.
Meanwhile, Adani Wilmar shares continued their uptrend and hit a new lifetime high.
Speaking of stock markets, India’s #1 trader Vijay Bhambwani explains how the nickel broke the market, in his latest video.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Russia-Ukraine War: How Nickel Broke the Market.
https://www.youtube.com/watch?v=ql-TZJB02no
More details to follow in the upcoming commentary.
Share markets in India held on to opening gains and are presently trading marginally higher. A sharp fall in crude prices has lifted sentiments.
Crude oil prices tumbled yesterday after the US announced it would release a record amount of oil from its stockpiles to fight soaring gas prices sparked by Russia's invasion of Ukraine.
The BSE Sensex is currently trading up by 210 points, up 0.4%. Meanwhile, the NSE Nifty is up 61 points.
NTPC and IndusInd Bank are the top gainers today. Titan and Sun Pharma, on the other hand, are among the top losers.
In broader markets, the BSE midcap index is up 1% while the BSE smallcap index gained 1.4%.
Shares of ITC are eyed as India's largest wheat exporter expects a threefold increase in the country's wheat exports in fiscal 2023 and the domestic prices to reign at a higher level round the year.
Meanwhile, Adani Wilmar shares continued their uptrend and hit a new lifetime high.
Speaking of stock markets, India’s #1 trader Vijay Bhambwani explains how the nickel broke the market, in his latest video.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Russia-Ukraine War: How Nickel Broke the Market.
https://www.youtube.com/watch?v=ql-TZJB02no
More details to follow in the upcoming commentary.
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Sensex Zooms 708 Points, Nifty Ends Near 17,700; NTPC, BPCL and Power Grid Rally 4%
Indian share markets rose sharply in last hour of trade and ended on a strong note.
Benchmark indices gained momentum as crude oil prices tumbled and global market mood remained supportive.
Adding to sentiment was March gross GST revenue collection at Rs 1.42 lakh crore, the highest ever.
Banking, finance and power stocks witnessed huge buying and powered indices to the day’s high close.
At the closing bell, the BSE Sensex stood up by 708 points, up 1.2%.
Meanwhile, the NSE Nifty closed higher by 206 points. In intraday trade, the Nifty surpassed 17,700-mark for the first time since 3 February.
NTPC and Power Grid were the top gainers. Tech Mahindra and Dr Reddy’s Lab, on the other hand, were the top losers.
In broader markets, the BSE midcap index gained 1.4% while the BSE smallcap index surged 1.7%.
Hindustan Oil Exploration tanked over 15% today following the company’s update on the B-80 project. The company said there has been a delay in the commencement of production from the field due to operational issues.
India’s largest iron ore miner NMDC hiked the prices of lump ore by Rs 100 a tonne and Rs 200 in case of fines with immediate effect.
Speaking of stock markets, India’s #1 trader Vijay Bhambwani explains how the nickel broke the market, in his latest video.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Russia-Ukraine War: How Nickel Broke the Market.
https://www.youtube.com/watch?v=ql-TZJB02no
Meanwhile, if you want to get profitable trading ideas and stock market updates via charts, join Brijesh Bhatia’s telegram channel – Fast Profits Daily. You’ll get access to the best trading ideas.
https://t.me/FastProfitsReport
Indian share markets rose sharply in last hour of trade and ended on a strong note.
Benchmark indices gained momentum as crude oil prices tumbled and global market mood remained supportive.
Adding to sentiment was March gross GST revenue collection at Rs 1.42 lakh crore, the highest ever.
Banking, finance and power stocks witnessed huge buying and powered indices to the day’s high close.
At the closing bell, the BSE Sensex stood up by 708 points, up 1.2%.
Meanwhile, the NSE Nifty closed higher by 206 points. In intraday trade, the Nifty surpassed 17,700-mark for the first time since 3 February.
NTPC and Power Grid were the top gainers. Tech Mahindra and Dr Reddy’s Lab, on the other hand, were the top losers.
In broader markets, the BSE midcap index gained 1.4% while the BSE smallcap index surged 1.7%.
Hindustan Oil Exploration tanked over 15% today following the company’s update on the B-80 project. The company said there has been a delay in the commencement of production from the field due to operational issues.
India’s largest iron ore miner NMDC hiked the prices of lump ore by Rs 100 a tonne and Rs 200 in case of fines with immediate effect.
Speaking of stock markets, India’s #1 trader Vijay Bhambwani explains how the nickel broke the market, in his latest video.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Russia-Ukraine War: How Nickel Broke the Market.
https://www.youtube.com/watch?v=ql-TZJB02no
Meanwhile, if you want to get profitable trading ideas and stock market updates via charts, join Brijesh Bhatia’s telegram channel – Fast Profits Daily. You’ll get access to the best trading ideas.
https://t.me/FastProfitsReport
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Can Bulls Pull It Off?
My weekly livemint column about bulls showing signs of revival. Will it last? What should you watch out for and what are the price ranges expected this week.
Our exclusive in-house Matryoshka style analysis is not available anywhere else in the print/electronic media.
Vijay L Bhambwani
Editor - Weekly Cash Alert
https://t.co/q7TeegPZlT
My weekly livemint column about bulls showing signs of revival. Will it last? What should you watch out for and what are the price ranges expected this week.
Our exclusive in-house Matryoshka style analysis is not available anywhere else in the print/electronic media.
Vijay L Bhambwani
Editor - Weekly Cash Alert
https://t.co/q7TeegPZlT
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We are excited to inform you that Equitymaster has just received a ‘Silver Play Button’ from YouTube for crossing 100K subscribers!
If you haven’t joined our YouTube channel yet, you are seriously missing out on some of the best market insights from India’s top financial minds.
Click here to join now - https://bit.ly/3LCryGN
If you haven’t joined our YouTube channel yet, you are seriously missing out on some of the best market insights from India’s top financial minds.
Click here to join now - https://bit.ly/3LCryGN
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Sensex Skyrockets 1,500 Points; HDFC & HDFC Bank Surge 15% as Board Approves Merger
Share markets in India rose sharply in opening trade today. Benchmark indices started on an upbeat note driven by banking majors HDFC and HDFC Bank as the two announced a merger deal.
Adding to sentiment was falling crude oil prices. Crude oil prices extended losses as investors eyed the release of supplies from strategic reserves from consuming nations, while a truce in Yemen could ease supply disruption concerns in the Middle East.
At present, the BSE Sensex is trading higher by 1,540 points, up 2.6%. Meanwhile, the NSE Nifty is up 406 points.
HDFC and HDFC Bank are the top gainers today. Infosys and IndusInd Bank, on the other hand, are the top losers today.
HDFC and HDFC Bank rallied up to 15% after their respective boards approved the merger of HDFC into HDFC Bank.
As part of the deal, shareholders of HDFC will receive 42 shares of the bank for 25 shares held. Existing shareholders of HDFC will own 41% of HDFC Bank. Shares held by the housing finance company in the lender will be extinguished, making HDFC Bank a full-fledged public company, according to reports.
Speaking of stock markets, India’s #1 trader Vijay Bhambwani explains why he’s bullish on India, in one of his videos.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: I’m Bullish on India.
https://www.youtube.com/watch?v=HeCngjOYS_w
More details to follow in the upcoming commentary.
Share markets in India rose sharply in opening trade today. Benchmark indices started on an upbeat note driven by banking majors HDFC and HDFC Bank as the two announced a merger deal.
Adding to sentiment was falling crude oil prices. Crude oil prices extended losses as investors eyed the release of supplies from strategic reserves from consuming nations, while a truce in Yemen could ease supply disruption concerns in the Middle East.
At present, the BSE Sensex is trading higher by 1,540 points, up 2.6%. Meanwhile, the NSE Nifty is up 406 points.
HDFC and HDFC Bank are the top gainers today. Infosys and IndusInd Bank, on the other hand, are the top losers today.
HDFC and HDFC Bank rallied up to 15% after their respective boards approved the merger of HDFC into HDFC Bank.
As part of the deal, shareholders of HDFC will receive 42 shares of the bank for 25 shares held. Existing shareholders of HDFC will own 41% of HDFC Bank. Shares held by the housing finance company in the lender will be extinguished, making HDFC Bank a full-fledged public company, according to reports.
Speaking of stock markets, India’s #1 trader Vijay Bhambwani explains why he’s bullish on India, in one of his videos.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: I’m Bullish on India.
https://www.youtube.com/watch?v=HeCngjOYS_w
More details to follow in the upcoming commentary.
YouTube
I’m Bullish on India | Why I’m Betting on India | Big 12 Month Opportunity?
This is why I think the Indian stock market will outperform in this financial year.
The stock market may not have scaled a new all-time high in the recent recovery but I’m very bullish.
I think the Indian stock market will outperform over this financial…
The stock market may not have scaled a new all-time high in the recent recovery but I’m very bullish.
I think the Indian stock market will outperform over this financial…
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Sensex Trades Above 60,000-Mark; Finance & Banking Stocks Rally
Share markets in India have erased some early gains but are still trading on a strong note.
Benchmark indices rallied over 2% as heavy buying in HDFC and HDFC Bank shares following their merger announcement pushed indices higher.
At present, the BSE Sensex is trading higher by 975 points, up 1.6%. Meanwhile, the NSE Nifty is up 267 points.
The Sensex went past the 60,000 mark while the Nifty topped 18,000 mark for the first time since 19 January.
HDFC and HDFC Bank are the top gainers today. Infosys and Tata Consumer, on the other hand, are the top losers today.
The BSE Midcap index and the BSE smallcap index are trading 1% higher.
Shares of L&T and IOC are eyed after the companies along with ReNew Power signed a binding term sheet for formation of a JV to develop green hydrogen sector in India.
Meanwhile, Bajaj Auto has reported a 20% decline in total vehicle sales at 2,97,188 units in March compared to the year-ago period.
Speaking of stock markets, Co-head of Research at Equitymaster Tanushree Banerjee has recorded a video discussing how Sensex can reach 150,000 levels and how it will depend on a demographic trend.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Sensex 150,000 Depends on this Chart.
https://www.youtube.com/watch?v=VU1YcsU0MWE
More details to follow in the upcoming commentary.
Share markets in India have erased some early gains but are still trading on a strong note.
Benchmark indices rallied over 2% as heavy buying in HDFC and HDFC Bank shares following their merger announcement pushed indices higher.
At present, the BSE Sensex is trading higher by 975 points, up 1.6%. Meanwhile, the NSE Nifty is up 267 points.
The Sensex went past the 60,000 mark while the Nifty topped 18,000 mark for the first time since 19 January.
HDFC and HDFC Bank are the top gainers today. Infosys and Tata Consumer, on the other hand, are the top losers today.
The BSE Midcap index and the BSE smallcap index are trading 1% higher.
Shares of L&T and IOC are eyed after the companies along with ReNew Power signed a binding term sheet for formation of a JV to develop green hydrogen sector in India.
Meanwhile, Bajaj Auto has reported a 20% decline in total vehicle sales at 2,97,188 units in March compared to the year-ago period.
Speaking of stock markets, Co-head of Research at Equitymaster Tanushree Banerjee has recorded a video discussing how Sensex can reach 150,000 levels and how it will depend on a demographic trend.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Sensex 150,000 Depends on this Chart.
https://www.youtube.com/watch?v=VU1YcsU0MWE
More details to follow in the upcoming commentary.
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Sensex Zooms 1,335 Points, Nifty Ends Above 18,000; HDFC Bank & HDFC Rally 10%
Indian share markets witnessed positive trading activity throughout the day today and ended on a strong note.
Benchmark indices pared some gains but still ended over 2% higher, driven by a sharp rally in HDFC and HDFC Bank following their merger news.
At the closing bell, the BSE Sensex stood higher by 1,335 points, up 2.3%. Meanwhile, the NSE Nifty zoomed 383 points.
The Sensex went past the 60,000 mark while the Nifty topped 18,000 mark for the first time since 19 January. Only two Sensex stocks closed in the red, Infosys and Titan.
HDFC Bank and HDFC were the top gainers, rallying 10%. Infosys and Tata Consumer, on the other hand, were the top losers.
The BSE Midcap index and the BSE smallcap index ended higher by 1.3% and 1.7%, respectively.
All sectoral indices ended in green with finance and banking indices rallying around 4%.
European share markets gave up early gains and are currently trading flat as investors kept an eye out for more Western sanctions after Ukraine accused Russia of war crimes.
Gold prices for the latest contract on MCX are trading down by 0.3% at Rs 51,224 per 10 grams.
Speaking of stock markets, Co-head of Research at Equitymaster Tanushree Banerjee has recorded a video discussing how Sensex can reach 150,000 levels and how it will depend on a demographic trend.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Sensex 150,000 Depends on this Chart.
https://www.youtube.com/watch?v=VU1YcsU0MWE
Meanwhile, Rahul Shah has shared his broad quantitative view on the big-bang merger between HDFC and HDFC Bank.
You can join 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 positive trading activity throughout the day today and ended on a strong note.
Benchmark indices pared some gains but still ended over 2% higher, driven by a sharp rally in HDFC and HDFC Bank following their merger news.
At the closing bell, the BSE Sensex stood higher by 1,335 points, up 2.3%. Meanwhile, the NSE Nifty zoomed 383 points.
The Sensex went past the 60,000 mark while the Nifty topped 18,000 mark for the first time since 19 January. Only two Sensex stocks closed in the red, Infosys and Titan.
HDFC Bank and HDFC were the top gainers, rallying 10%. Infosys and Tata Consumer, on the other hand, were the top losers.
The BSE Midcap index and the BSE smallcap index ended higher by 1.3% and 1.7%, respectively.
All sectoral indices ended in green with finance and banking indices rallying around 4%.
European share markets gave up early gains and are currently trading flat as investors kept an eye out for more Western sanctions after Ukraine accused Russia of war crimes.
Gold prices for the latest contract on MCX are trading down by 0.3% at Rs 51,224 per 10 grams.
Speaking of stock markets, Co-head of Research at Equitymaster Tanushree Banerjee has recorded a video discussing how Sensex can reach 150,000 levels and how it will depend on a demographic trend.
You can watch the video on Equitymaster’s YouTube Channel.
https://www.youtube.com/user/eqtmonline
Link to the video: Sensex 150,000 Depends on this Chart.
https://www.youtube.com/watch?v=VU1YcsU0MWE
Meanwhile, Rahul Shah has shared his broad quantitative view on the big-bang merger between HDFC and HDFC Bank.
You can join Rahul Shah’s telegram channel – Accelerated Profits, where he shares ideas that can potentially accelerate your profits.
https://t.me/AcceleratedProfits
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