Brokerages have cut Nifty targets by around 4% per cent since February 28 as Iran war keeps oil prices high, raising inflation, GDP, and earnings concerns for Indian stock markets
Vinay Rajani of HDFC Securities recommends 'Buy' on Jubilant FoodWorks and Pidilite shares today. Check target prices, support, resistance, and growth outlook for April 22 trades
Indian markets have rebounded in April, with Nifty50 rising nearly 3 per cent this month. Analysts, however, say sentiment remains cautious. Here's why it's not yet a broad-based buy-on-dips phase
Analysts at Axis Securities pin hopes on US tariff relief, revival in private capex, improving business confidence and rural recovery as potential positive triggers for the market recovery.
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.
Global markets were down over 1% in Thursday's early trade amid escalating West Asia tensions, and fresh spike in crude oil prices. GIFT Nifty hints at a near 500-point gap-down start for the Nifty.
Nifty 50 Index: A recent note by SAMCO Securities suggests that on an average the Nifty 50 index has bounced back by 3.4 per cent in the week after an over 5 per cent fall in the last 15 years.
Emkay Global warns of a 10-per cent downside in Nifty as Iran war volatility keeps crude oil above $100 per barrel. It has picked HDFC Bank, Eternal, and Max Healthcare as top stocks to buy now.
Nifty fall today:On a year-to-date basis, the Nifty has shed nearly 11 per cent, with near 7 per cent of the fall coming this March amid the US-Iran war. Analysts fear further downside for the market.
Brent crude oil has topped the $100-mark which may trigger a 10 per cent fall in Nifty, warns ICICI Securities. Rising oil prices could widen India's trade deficit and push inflation higher
The Nifty has shed over 9% so far this year. Anand James of Geojit warns that the NSE benchmark could dip toward 22,000 or all-the-way to 19,000-mark in case it breaks the key support at 23,535 levels
The Nifty can test 24,400 levels on the downside; MidCap, SmallCap indices can fall up to 7 per cent, cautions Kunal Shah, Senior Technical Analyst of Mirae Asset ShareKhan.