Muthuselvaraj, technical analyst at Mirae Asset Sharekhan believes that the overall chart structure for Nifty remains bullish as long as the index holds above 21,750 levels.
Oil price surge, persistent FPI outflows and IT sector slump drag markets to their weakest fiscal performance in six years despite strong domestic inflows
Nifty outlook hinges on oil and geopolitics, with Bernstein projecting a wide 19,900-27,500 range depending on conflict trajectory and crude price trends
Selective IT services companies with strong digital portfolios, diversified clients, and disciplined cost structures could indeed present a contrarian opportunity, he said.
The prevailing valuations of Nifty of 17.5x one-year forward earnings are reasonable and have room for some rerating apart from returns driven by nearly 12 per cent earnings CAGR over the medium-term.
Sensex and Nifty fall for a second straight session as escalating Iran-linked attacks push crude prices near $100 a barrel and raise fears of prolonged disruption in oil supplies
Strong economic growth is keeping Indian growth stocks ahead of value picks, though rising geopolitical tensions in West Asia and continued foreign fund outflows are increasing global risk aversion
Surging Brent crude and tensions near the Strait of Hormuz threaten to keep Indian markets volatile, with investors watching inflation data and foreign fund flows
As the Nifty 50 turns 30, India's benchmark equity index has delivered nearly 13% annual returns, mirroring the country's economic and corporate transformation
Nifty's 24,000 level emerges as a key support amid global fund outflows and West Asia tensions, while IT stocks turn defensive and the first IPO opens at GIFT City IFSC
Clean Max and Shree Ram Twistex fell up to 36 per cent on debut amid a global equities selloff, underscoring a turbulent year for India's primary markets and weak investor sentiment
