Page 45 - Nifty 50
Domestic cyclicals take mkt to new peaks, Nifty tops previous all-time high
Capital goods, FMCG and auto gain the most since December 1
 "Domestic cyclicals take mkt to new peaks, Nifty tops previous all-time high")
Nifty FY24 earnings growth at 20% to outperform most Asian peers: Jefferies
Among sectors, Jefferies expects the consumer discretionary and staples sectors to see a margin expansion of 2.4 / 0.7ppt in FY24.
 "Nifty FY24 earnings growth at 20% to outperform most Asian peers: Jefferies")
Infosys second-worst performer on NSE Nifty 50 Index in 2023, shows data
Infosys's disappointing sales forecast for the current financial year added to the negative newsflow
 "Infosys second-worst performer on NSE Nifty 50 Index in 2023, shows data")
Sensex, Nifty stage smart recovery in fag-end; IT stocks weak, auto rally
Stock market live updates: Tracking weak global handover, the SGX Nifty, on Tuesday, indicated a subdued start as it quoted 18,694 levels, down 31-odd points
 "Sensex, Nifty stage smart recovery in fag-end; IT stocks weak, auto rally")
NSE to shift Nifty Bank F&O expiry day to Friday, weeks after BSE
BSE did not comment on the possible impact of NSE's decision on its revived volumes
 "NSE to shift Nifty Bank F&O expiry day to Friday, weeks after BSE")
More than skin-deep: Nifty Next 50 complexion to get a shade of difference
Removal of non-F&O stocks could lead to addition/subtraction of 11 stocks, triggering a Rs 5,000-crore churn
 "More than skin-deep: Nifty Next 50 complexion to get a shade of difference")
Auto, metal, FMCG shares lift Sensex 119 pts up; Broader markets outshine
Stock Market Live updates on June 2, 2023: At 7:15 am, the SGX Nifty quoted 18,619 levels, up 55 points
 "Auto, metal, FMCG shares lift Sensex 119 pts up; Broader markets outshine")
Despite signs of fatigue, market breadth shows bulls have upper hand
Every minor correction may see addition of long positions, say experts
 "Despite signs of fatigue, market breadth shows bulls have upper hand")
Nifty at 18,500; Charts hint breakout on cards?
Meanwhile, charts suggest that the Bank Nifty is sustains above 44,140 can rally to 45,000 - 45,300 levels says Ravi Nathani, an independent technical analyst.
Nifty could enter corrective phase; sell rallies with stop loss at 18,500
A stoploss of 18,500 will help limit potential losses in case the index moves against the anticipated correction
 "Nifty could enter corrective phase; sell rallies with stop loss at 18,500")
Over one-third Nifty50 stocks look weak on charts. Time to be cautious?
Among banking majors, Axis Bank, ICICI Bank, HDFC Bank and State Bank of India (SBI) appear on track to hit new all-time high in the weeks ahead, charts suggest
 "Over one-third Nifty50 stocks look weak on charts. Time to be cautious?")
Short-term trend remains bullish for Nifty; resistance likely around 18,500
According to Ravi Nathani, an independent technical analyst, one can look to 'Book Profits on rise' as the Nifty 50 index is expected to face resistance in the 18,450 - 18,500 range.
 "Short-term trend remains bullish for Nifty; resistance likely around 18,500")
India is back with a bang on FIIs mind: Sumit Jain, ASK Investment Managers
Nifty 12-month forward PE is around 23 per cent below peak. Indian equities should find support from robust earnings outlook owing to strength in the domestic economy.
 "India is back with a bang on FIIs mind: Sumit Jain, ASK Investment Managers")
Charts signal bullish trend for Nifty50, Nifty Bank over short-term
According to the technical analyst, the indices current market price, and identified short-term bullish trend, presents an opportunity for investors to potentially generate positive returns
 "Charts signal bullish trend for Nifty50, Nifty Bank over short-term")
Time to book profit now; buy when Nifty hits 16,000: BofA Securities
The foreign brokerage firm expects Nifty to drop to 16,000 levels as they foresee global slowdown, volatile commodities, peak urban demand/slow rural revival as some of the risks for earnings.
F&O Expiry: Here's what the options data suggest for Nifty, Bank Nifty
The PCR for Nifty and Bank Nifty for the April series is above 1, suggesting presence of strong Put writes for both derivatives.
Banks, Wipro lift indices in fag-end; Sensex up 401 pts, Nifty tops 17,700
CLOSING BELL: The gains in benchmark indices were led by HDFC Life (up 6.4 per cent), Wipro, ICICI Bank, Titan, Axis Bank, SBI, Hero MotoCorp, Grasim, and Adani Ports
Sensex snaps 9-day rally, sinks 520 pts; Infy cracks 9%; banks limit losses
CLOSING BELL: The BSE IT index plunged 4.7 per cent, while the FMCG and Bankex gained 1 per cent and 0.3 per cent, respectively. Midcap and SmaIlcap indices too outperformed in trades on Monday.
 "Sensex snaps 9-day rally, sinks 520 pts; Infy cracks 9%; banks limit losses")
Pivot point for Nifty stands at 17,858, chart suggests
In case the Nifty faces resistance at 17,858, Ravi Nathani recommends adopting buy on dips strategy with support around 17,610 and lower levels.
 "Pivot point for Nifty stands at 17,858, chart suggests")
After worst streak in 22 years, India's $3 trn mkt positioned for a rebound
After outperforming over the past two years, Indian stocks are Asia's worst performers in 2023 amid concerns over monetary policy tightening and weak sentiment due to value erosion at the Adani Group
 "After worst streak in 22 years, India's $3 trn mkt positioned for a rebound")