When examining the Nifty 50 Index, currently trading in the overbought zone, technical indicators such as MACD, RSI, and Stochastic suggest it is challenging to recommend initiating fresh long
The uptick in share price came after the IT major announced that it has entered into a long-term strategic partnership agreement with Google Cloud, to drive innovative solutions
Going ahead, analysts see more pain in the offing for broader markets as stocks command extremely rich valuations, limiting upside in the near-term
The benchmark Sensex soared 3.7 per cent, hitting record high and breaching the 76k mark at 76,738 levels in Monday's intraday trade
Stock Market Highlights on May 8: The S&P BSE Sensex, after gyrating 611 points intraday, ended at 73,466, down 45 points. The Nifty, on the other hand, settled unchanged at 22,303
The S&P BSE Midcap index traded higher for a third straight day, surging 3.5 per cent during the period
The market correction in 2018, analysts believe, was led by several risk events coming together in the same year, which triggered the market bear phase
Given the macroeconomic strengths, the market is pricing in a reasonable earnings growth and hence justifying current valuations, Pramod Gubbi of Marcellus Investment Managers said in this interview
From a near-term perspective, analysts at J.P Morgan expect the small-cap and mid-cap stocks to remain volatile in the coming weeks, with margin funding and investor flows adding to risks
Stock market highlights on Tuesday, March 19: TCS was the biggest laggard on the benchmark indices, down 4 per cent after Tata Sons likely sold about 0.6 per cent stake in the company
With today's decline, the BSE Smallcap index has slipped 5 per cent from its record high level touched on February 7
Adds 1.2% this week, Small and midcaps underperform
Valuations of midcaps and smallcaps have reached very high levels, and hence to that extent leave little margin of safety, Sehgal said
Closing Bell on October 25, 2023: In the broader market, the BSE MidCap index slipped 0.52 per cent and the BSE SmallCap 0.77 per cent as against the frontline indices' 0.8 per cent decline
The S&P SBE Smallcap index has given a stellar return - rising over 32 per cent in 2023
India has been substituting expensive crude oil with cheaper imports. This has helped keep inflation-related concerns triggered by rising oil prices at bay
Despite global concerns, the domestic market structure remains positive on the back of healthy macro data, strong earnings, and recent FIIs buying, brokerage firm Motilal Oswal said in a note.
ABB, Alkem Lab, AU SFB, Cholamandalam Investment, Glenmark Pharma, IDFC First Bank, IGL, Indian Hotels, M&M Financial and Varun Beverages (VBL) hit their respective 52-week highs on the BSE.
Analysts remain cautious on mid-and-smallcap segments and suggest earnings need to catch up before the stocks start to recover
Some investment bankers argued that the reason for tepid fundraising through QIPs and rights could also be due to the fact that companies this year were not in need of large capital