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
👍5
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.
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Four simple tips to prepare for the next market crash
https://www.livemint.com/market/stock-market-news/four-simple-tips-to-prepare-for-the-next-market-crash-11649059974132.html
Buying The Dip? Here Are 5 Stocks To Consider
https://www.ndtv.com/business/buying-the-dip-here-are-5-stocks-to-consider-2861386
The Bank Nifty Is On A Roll: Here's Why
https://www.ndtv.com/business/the-bank-nifty-is-on-a-roll-heres-why-2861478
One more thing...we will post regular videos on Equitymaster’s YouTube channel. So do join in if you haven’t already.
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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’s the link to our latest articles:
ICICI Bank vs Axis Bank: Which bank stock is better?
https://www.livemint.com/market/stock-market-news/icici-bank-vs-axis-bank-which-bank-stock-is-better-11648809474770.html
Four simple tips to prepare for the next market crash
https://www.livemint.com/market/stock-market-news/four-simple-tips-to-prepare-for-the-next-market-crash-11649059974132.html
Buying The Dip? Here Are 5 Stocks To Consider
https://www.ndtv.com/business/buying-the-dip-here-are-5-stocks-to-consider-2861386
The Bank Nifty Is On A Roll: Here's Why
https://www.ndtv.com/business/the-bank-nifty-is-on-a-roll-heres-why-2861478
One more thing...we will post regular videos on Equitymaster’s YouTube channel. So do join in if you haven’t already.
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Sensex Erases Early Gains; HDFC Bank & Bajaj Finance Top Losers
Indian share markets erased opening gains and are presently trading on a negative note.
In opening trade, benchmark indices had opened flat despite upbeat global cues.
At present, the BSE Sensex is trading down by 232 points, down 0.4%. Meanwhile, the NSE Nifty is down 60 points.
Tech Mahindra and Titan are the top gainers today. HDFC Bank and Bajaj Finance, on the other hand, are the top losers today.
Shares of SBI Cards and Payment Services dipped 5% after over 3% equity of the company changed hands at the counter via block deals.
On the sectoral front, banking and finance stocks are under pressure while power and auto stocks are up.
Gold prices for the latest contract on MCX are trading at Rs 51,266 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
More details to follow in the upcoming commentary.
Indian share markets erased opening gains and are presently trading on a negative note.
In opening trade, benchmark indices had opened flat despite upbeat global cues.
At present, the BSE Sensex is trading down by 232 points, down 0.4%. Meanwhile, the NSE Nifty is down 60 points.
Tech Mahindra and Titan are the top gainers today. HDFC Bank and Bajaj Finance, on the other hand, are the top losers today.
Shares of SBI Cards and Payment Services dipped 5% after over 3% equity of the company changed hands at the counter via block deals.
On the sectoral front, banking and finance stocks are under pressure while power and auto stocks are up.
Gold prices for the latest contract on MCX are trading at Rs 51,266 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
More details to follow in the upcoming commentary.
👍8❤1
Sensex Trades Flat; ITC & Titan Rise 2%
Share markets in India are presently trading on a flat note. Benchmark indices fell today amid profit taking in HDFC twins following a sharp rise in last session.
Meanwhile, rising crude oil prices combined with Russia Ukraine concerns added to the pressure.
At present, the BSE Sensex is trading down by 46 points, down 0.1%. Meanwhile, the NSE Nifty is down 8 points.
Adani Ports and Eicher Motors are the top NSE gainers today. HDFC Bank and Bajaj Finserv, on the other hand, are the top losers today.
The buzzing stock today is Zomato, which fell 5% following reports that the competition commission (CCI) has ordered a detailed probe against food delivery platforms.
This is done for alleged unfair business practices with respect to their dealings with restaurant partners.
Meanwhile, automobile stocks are eyed. Domestic passenger vehicle retail sales in March declined by 4.9% to 2,71,358 units, as compared to the same month last year.
Speaking of stock markets, Research Analyst at Equitymaster Aditya Vora has recorded a video discussing how Investing in stocks with high valuations can be a potential disaster for your portfolio.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Link to the video: How Not to Get Roasted by Coffee Can Stocks. https://www.youtube.com/watch?v=oUE6-mCkQ7g
Meanwhile, Chartist Brijesh has shared an update on bitcoin and gold, 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?utm_source=TM&utm_medium=website&utm_campaign=MCOM&utm_content=market-commentary
More details to follow in the upcoming commentary.
Share markets in India are presently trading on a flat note. Benchmark indices fell today amid profit taking in HDFC twins following a sharp rise in last session.
Meanwhile, rising crude oil prices combined with Russia Ukraine concerns added to the pressure.
At present, the BSE Sensex is trading down by 46 points, down 0.1%. Meanwhile, the NSE Nifty is down 8 points.
Adani Ports and Eicher Motors are the top NSE gainers today. HDFC Bank and Bajaj Finserv, on the other hand, are the top losers today.
The buzzing stock today is Zomato, which fell 5% following reports that the competition commission (CCI) has ordered a detailed probe against food delivery platforms.
This is done for alleged unfair business practices with respect to their dealings with restaurant partners.
Meanwhile, automobile stocks are eyed. Domestic passenger vehicle retail sales in March declined by 4.9% to 2,71,358 units, as compared to the same month last year.
Speaking of stock markets, Research Analyst at Equitymaster Aditya Vora has recorded a video discussing how Investing in stocks with high valuations can be a potential disaster for your portfolio.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Link to the video: How Not to Get Roasted by Coffee Can Stocks. https://www.youtube.com/watch?v=oUE6-mCkQ7g
Meanwhile, Chartist Brijesh has shared an update on bitcoin and gold, 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?utm_source=TM&utm_medium=website&utm_campaign=MCOM&utm_content=market-commentary
More details to follow in the upcoming commentary.
👍2❤1
Sensex Ends 435 Points Lower; Midcap & Smallcap Indices Outperform
After trading rangebound throughout the day, Indian share markets witnessed heavy selling in last hour of trade and ended lower.
Benchmark indices took a breather today after clocking two-month highs yesterday, as investors booked profits in HDFC Bank and HDFC along with other heavyweight stocks Reliance Industries, Bajaj twins, and Kotak Bank.
Meanwhile, rising oil prices, mixed global cues, and rising bond yields dampened sentiment.
At the closing bell, the BSE Sensex stood lower by 435 points, down 0.7%. Meanwhile, the NSE Nifty fell 96 points.
NTPC and Power Grid were the top gainers. HDFC Bank and Bajaj Finserv, on the other hand, were the top losers.
Midcap and smallcap indices bucked the trend and rose over 1%.
On the sectoral front, banking and finance stocks witnessed selling while power and FMCG stocks ended in green.
Speaking of stock markets, Research Analyst at Equitymaster Aditya Vora has recorded a video discussing how Investing in stocks with high valuations can be a potential disaster for your portfolio.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Link to the video: How Not to Get Roasted by Coffee Can Stocks. https://www.youtube.com/watch?v=oUE6-mCkQ7g
Meanwhile, Chartist Brijesh has shared an update on bitcoin and gold, 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
After trading rangebound throughout the day, Indian share markets witnessed heavy selling in last hour of trade and ended lower.
Benchmark indices took a breather today after clocking two-month highs yesterday, as investors booked profits in HDFC Bank and HDFC along with other heavyweight stocks Reliance Industries, Bajaj twins, and Kotak Bank.
Meanwhile, rising oil prices, mixed global cues, and rising bond yields dampened sentiment.
At the closing bell, the BSE Sensex stood lower by 435 points, down 0.7%. Meanwhile, the NSE Nifty fell 96 points.
NTPC and Power Grid were the top gainers. HDFC Bank and Bajaj Finserv, on the other hand, were the top losers.
Midcap and smallcap indices bucked the trend and rose over 1%.
On the sectoral front, banking and finance stocks witnessed selling while power and FMCG stocks ended in green.
Speaking of stock markets, Research Analyst at Equitymaster Aditya Vora has recorded a video discussing how Investing in stocks with high valuations can be a potential disaster for your portfolio.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Link to the video: How Not to Get Roasted by Coffee Can Stocks. https://www.youtube.com/watch?v=oUE6-mCkQ7g
Meanwhile, Chartist Brijesh has shared an update on bitcoin and gold, 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
👍4
Dear reader,
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 our latest articles:
Buy Bitcoin Sell Gold: A Trading Opportunity
https://www.livemint.com/market/buy-bitcoin-sell-gold-a-trading-opportunity-11649153821893.html
Hariom Pipe Industries IPO sees strong retail participation. Key things to know
https://www.livemint.com/market/ipo/hariom-pipe-industries-ipo-sees-strong-retail-participation-key-things-to-know-11649153294794.html
Top 5 Hotel Stocks To Watch Out For As Revenge Travel Picks Up Pace
https://www.ndtv.com/business/top-5-hotel-stocks-to-watch-out-for-as-revenge-travel-picks-up-pace-2863843
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
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 our latest articles:
Buy Bitcoin Sell Gold: A Trading Opportunity
https://www.livemint.com/market/buy-bitcoin-sell-gold-a-trading-opportunity-11649153821893.html
Hariom Pipe Industries IPO sees strong retail participation. Key things to know
https://www.livemint.com/market/ipo/hariom-pipe-industries-ipo-sees-strong-retail-participation-key-things-to-know-11649153294794.html
Top 5 Hotel Stocks To Watch Out For As Revenge Travel Picks Up Pace
https://www.ndtv.com/business/top-5-hotel-stocks-to-watch-out-for-as-revenge-travel-picks-up-pace-2863843
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
The D-street witness profit booking in blue-chip stocks as Nifty ends at 17,957 losing 0.53%.
The flavor of cash stocks is back on D-street as Midcap and Smallcap index gains 1.4% and 0.85% respectively.
Bearish Black Swan harmonic reversal pattern is visible on short-term chart of Nifty. The reversal is supported by overbought Relative Strength Index (RSI). The test of 17,794-17,737 zone can be on cards this week.
Bitcoin can be an excellent trading opportunity as it breaks out of double bottom pattern. Read my note here https://t.me/FastProfitsReport/485
Brijesh Bhatia
Research Analyst, Fast Profit Report
The flavor of cash stocks is back on D-street as Midcap and Smallcap index gains 1.4% and 0.85% respectively.
Bearish Black Swan harmonic reversal pattern is visible on short-term chart of Nifty. The reversal is supported by overbought Relative Strength Index (RSI). The test of 17,794-17,737 zone can be on cards this week.
Bitcoin can be an excellent trading opportunity as it breaks out of double bottom pattern. Read my note here https://t.me/FastProfitsReport/485
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍6
Our Co-head of Research Rahul Shah has sent out this month's Double Income 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 and booking 91% profits in an energy stock, and this month's brand new recommendation on one of the most capital efficient auto companies in India.
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 and booking 91% profits in an energy stock, and this month's brand new recommendation on one of the most capital efficient auto companies in India.
👍12❤1
Sensex Falls Over 500 Points; HDFC, HDFC Bank & Axis Bank Top Losers
Share markets in India are presently trading on a negative note.
Benchmark indices started today’s session with cuts tracking weak global cues after a US Fed official on Tuesday indicated that the central bank will take a more aggressive approach in liquidity tightening.
At present, the BSE Sensex is trading lower by 487 points, down 0.8%. Meanwhile, the NSE Nifty fell 134 points.
NTPC and Tata Steel are the top gainers today. HDFC Bank and HDFC, on the other hand, are the top losers today.
Midcap and smallcap indices bucked the trend and are trading on a flat note.
Among individual stocks, shares of Adani group companies continued their upward trend with Adani Enterprises and Adani Green Energy hitting respective life-time highs after they announced plans to raise funds.
Speaking of stock markets, Research Analyst at Equitymaster Aditya Vora has recorded a video discussing how Investing in stocks with high valuations can be a potential disaster for your portfolio.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Link to the video: How Not to Get Roasted by Coffee Can Stocks. https://www.youtube.com/watch?v=oUE6-mCkQ7g
Meanwhile, Chartist Brijesh has shared an update on bitcoin and gold, 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
Share markets in India are presently trading on a negative note.
Benchmark indices started today’s session with cuts tracking weak global cues after a US Fed official on Tuesday indicated that the central bank will take a more aggressive approach in liquidity tightening.
At present, the BSE Sensex is trading lower by 487 points, down 0.8%. Meanwhile, the NSE Nifty fell 134 points.
NTPC and Tata Steel are the top gainers today. HDFC Bank and HDFC, on the other hand, are the top losers today.
Midcap and smallcap indices bucked the trend and are trading on a flat note.
Among individual stocks, shares of Adani group companies continued their upward trend with Adani Enterprises and Adani Green Energy hitting respective life-time highs after they announced plans to raise funds.
Speaking of stock markets, Research Analyst at Equitymaster Aditya Vora has recorded a video discussing how Investing in stocks with high valuations can be a potential disaster for your portfolio.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Link to the video: How Not to Get Roasted by Coffee Can Stocks. https://www.youtube.com/watch?v=oUE6-mCkQ7g
Meanwhile, Chartist Brijesh has shared an update on bitcoin and gold, 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
👍8
Indian Indices Trade Lower; IT & Finance Stocks Under Pressure
Share markets in India have erased some losses but are still trading on a negative note.
Benchmark indices are lower today tracking weak global mood. Hawkish comments from a US Fed official that indicated the central bank will begin its balance sheet reduction as soon as May, dampened sentiment.
At present, the BSE Sensex is trading lower by 370 points, down 0.6%. Meanwhile, the NSE Nifty fell 97 points.
NTPC and Tata Steel are the top gainers today. HDFC Bank and Tech Mahindra, on the other hand, are the top losers today.
On the sectoral front, finance and IT stocks are under pressure while metal and energy stocks are trading in green.
Shares of Shares of Ruchi Soya Industries tanked today, ahead of the listing of shares allotted via follow-on-public offering (FPO).
Meanwhile, India's services sector expanded at its fastest pace so far this year in March as an easing of Covid-19 restrictions boosted demand.
Speaking of stock markets, Chartist and Research Analyst at Equitymaster Brijesh Bhatia has recorded a video explaining how to trade the stock of Reliance Industries.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Video Link - Reliance: The Elephant in the Room. https://www.youtube.com/watch?v=-aqasx4qjp8
Meanwhile, Brijesh also 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 erased some losses but are still trading on a negative note.
Benchmark indices are lower today tracking weak global mood. Hawkish comments from a US Fed official that indicated the central bank will begin its balance sheet reduction as soon as May, dampened sentiment.
At present, the BSE Sensex is trading lower by 370 points, down 0.6%. Meanwhile, the NSE Nifty fell 97 points.
NTPC and Tata Steel are the top gainers today. HDFC Bank and Tech Mahindra, on the other hand, are the top losers today.
On the sectoral front, finance and IT stocks are under pressure while metal and energy stocks are trading in green.
Shares of Shares of Ruchi Soya Industries tanked today, ahead of the listing of shares allotted via follow-on-public offering (FPO).
Meanwhile, India's services sector expanded at its fastest pace so far this year in March as an easing of Covid-19 restrictions boosted demand.
Speaking of stock markets, Chartist and Research Analyst at Equitymaster Brijesh Bhatia has recorded a video explaining how to trade the stock of Reliance Industries.
You can watch the video on Equitymaster’s YouTube Channel. https://www.youtube.com/user/eqtmonline
Video Link - Reliance: The Elephant in the Room. https://www.youtube.com/watch?v=-aqasx4qjp8
Meanwhile, Brijesh also 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.
❤1👍1
Rahul Shah’s EMERGENCY BROADCAST
Watch Rahul Shah reveal what could possibly be the LAST BIG buying opportunity for Indian investors.
When: Monday, April 11th at 5 PM IST
Where: Online (private invitation will be sent via email)
You can get the full details here…
https://bit.ly/3uYb5Gn
Watch Rahul Shah reveal what could possibly be the LAST BIG buying opportunity for Indian investors.
When: Monday, April 11th at 5 PM IST
Where: Online (private invitation will be sent via email)
You can get the full details here…
https://bit.ly/3uYb5Gn
👍3
Nifty slips below 17,800 to retest the breakout level and gap area; ends at 17,807 losing 0.83%.
As I highlighted in the yesterday’s closing note, the bearish harmonic pattern suggested the test of 17,794-17.737 zone.
Index is likely to take the support at gap area and resume it bullish momentum towards 18,000 levels.
Bank Nifty has retested the gapping play pattern and bullish momentum might resume soon. Watch chart here https://t.me/FastProfitsReport/488
Brijesh Bhatia
Research Analyst, Fast Profit Report
As I highlighted in the yesterday’s closing note, the bearish harmonic pattern suggested the test of 17,794-17.737 zone.
Index is likely to take the support at gap area and resume it bullish momentum towards 18,000 levels.
Bank Nifty has retested the gapping play pattern and bullish momentum might resume soon. Watch chart here https://t.me/FastProfitsReport/488
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Video #2: The SMART Method to Pick the Best Mutual Funds for Your Portfolio
https://youtu.be/fqPkNiWwe-k
https://youtu.be/fqPkNiWwe-k
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Stock Market Update - Sensex Down 350 Points, Nifty Trades Near 17,000; HDFC and Titan Top Losers
Indian share markets follow global cues and trade lower. The BSE Sensex is down 390 points, while the Nifty is trading lower by 98 points.
https://www.eqtm.in/c9R3D
Indian share markets follow global cues and trade lower. The BSE Sensex is down 390 points, while the Nifty is trading lower by 98 points.
https://www.eqtm.in/c9R3D
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Stock Market Update - Sensex Trades 200 Points Lower; Banking and Power Stocks in Focus
Indian share markets recover some losses but still trade lower. The BSE Sensex is down 182 points, while the Nifty is trading lower by 45 points.
https://www.eqtm.in/s4FNe
Indian share markets recover some losses but still trade lower. The BSE Sensex is down 182 points, while the Nifty is trading lower by 45 points.
https://www.eqtm.in/s4FNe
Russia-Ukraine Conflict
The LAST BIG Buying Opportunity for Indian Investors?
Given the correction, the current stock markets sentiment is weak. There’s a talk of a bear market in the D-street.
So does that mean you should be sitting on cash or buying right now?
Find it out at Rahul Shah’s Emergency Broadcast.
https://bit.ly/3uYb5Gn
The LAST BIG Buying Opportunity for Indian Investors?
Given the correction, the current stock markets sentiment is weak. There’s a talk of a bear market in the D-street.
So does that mean you should be sitting on cash or buying right now?
Find it out at Rahul Shah’s Emergency Broadcast.
https://bit.ly/3uYb5Gn
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Stock Market Update - Sensex Ends 575 Points Lower; Energy, Oil & Gas Stocks Witness Selling
Indian share markets end lower with the Sensex down by 575 points and the Nifty ending down by 168 points.
https://www.equitymaster.com/indian-share-markets/04/07/2022/Sensex-Ends-575-Points-Lower-Energy-Oil--Gas-Stocks-Witness-Selling
Indian share markets end lower with the Sensex down by 575 points and the Nifty ending down by 168 points.
https://www.equitymaster.com/indian-share-markets/04/07/2022/Sensex-Ends-575-Points-Lower-Energy-Oil--Gas-Stocks-Witness-Selling
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Penny Stocks to Buy and Hold Beyond 2022
A step-by-step method to pick the best penny stocks for the long term.
https://www.equitymaster.com/detail.asp?date=04/06/2022&story=1
A step-by-step method to pick the best penny stocks for the long term.
https://www.equitymaster.com/detail.asp?date=04/06/2022&story=1
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Stock Market Update - Sensex Rallies 500 Points; ITC, Grasim & Adani Ports Up 3%
The Sensex is up 475 points, while the Nifty is trading higher by 155 points.
https://www.equitymaster.com/indian-share-markets/04/08/2022/Sensex-Rallies-500-Points-ITC-Grasim--Adani-Ports-Up-3
The Sensex is up 475 points, while the Nifty is trading higher by 155 points.
https://www.equitymaster.com/indian-share-markets/04/08/2022/Sensex-Rallies-500-Points-ITC-Grasim--Adani-Ports-Up-3
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