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Devangshu Datta, an internationally rated chess and bridge player, is a seasoned writer and columnist with extensive experience covering diverse topics such as finance, technology, science, and sports. Known for his analytical approach and clear writing style, Datta has contributed to several leading publications, including Business Standard, The Economic Times, The Telegraph, and Outlook. He also serves on the editorial board of Business Standard.
Devangshu Datta, an internationally rated chess and bridge player, is a seasoned writer and columnist with extensive experience covering diverse topics such as finance, technology, science, and sports. Known for his analytical approach and clear writing style, Datta has contributed to several leading publications, including Business Standard, The Economic Times, The Telegraph, and Outlook. He also serves on the editorial board of Business Standard.
RBI's rate rise could mean a long-term downtrend for financial stocks & pressure on rate-sensitives
While valuations have risen, share prices have been hit by quality concerns and restrictions by international agencies
Nifty, Bank Nifty, Tata Motors, HCL Tech & DLF
Technically speaking, the Nifty and Bank Nifty appear to be in the early stages of breakdowns
Nifty, Bank Nifty, Ranbaxy, Tata Power & Infosys
Bank Nifty tested support at 10,350 in the session itself and the trend looks negative with a breakdown in the financial index
Nifty, Bank Nifty, JP Associates, Tata Steel & Maruti
Nifty, Bank Nifty & IDFC
Call on rates depends on whether the RBI believes the trend of lower inflation will continue
The markets are stuck in limbo despite decent Q3 results since no investor will make big decisions until the shape of the next govt is clear
Reasons could be sector-specific or company-specific
Force the state agencies and private corporations to reveal more about themselves and the data they collect
Nifty, Bank Nifty, L&T, Infosys & M&M
Nifty, Hindalco, Just Dial, Sun Pharma
Nifty, Bank Nifty, Tata Steel, Sesa Sterlite & BHEL
Background indicators suggest an upside breakout is a little more likely than a downmove but there's not much reason to favour either direction
Nifty, Bank Nifty, Wipro, Reliance Industries & Reliance Communications