Markets Midcap Smallcap

Here's why Ravi Nathani, an independent technical analyst, recommends to book profit in Nifty Midcap 50 and Smallcap 100 indexes.

Given the recent consolidation in the market, select key indicators are flashing signs of caution, hence the benchmark indices are likely to be volatile going ahead.

Closing Bell on Thursday, November 02: Jerome Powell's comment that "despite elevated inflation, the longer term inflation expectations remain well anchored" was taken by the markets as dovish

CLOSING BELL ON JUNE 30, 2023: The NSE Nifty 50 was up 217 points on Friday. While the NSE benchmark ended 3.5 per cent higher in June, the index registered a 10.5 per cent gain for Q1FY24.

The key benchmark indices may record new all-time high levels in Samvat 2078, provided they conquer the near-term significant resistance levels.

For the first time since January, the three key indices representing the broader market - Nifty 500, Nifty Midcap 100, and Nifty Smallcap 100 - outperformed the benchmark Nifty 50 index

Banking and PSU funds saw an outflow to the tune of over Rs 6,300 crore, while the same for credit risk fund was over Rs 5,500 crore and corporate bond category close to Rs 3,800 crore

Snapping their seven-day gaining streak, the benchmark indices ended in the red on Tuesday amid selling in private banks, auto and IT counters

The S&P BSE MidCap index was trading 23 points higher at 14,469, with Colgate (Palmolive), Glenmark and Havells being the top contributors to the index.