A recent analysis by CLSA shows that "most of Nifty's tops have been at the 2-ppt bond yield-equity yield level"
LTIMindtree was formed after the merger of L&T Infotech (LTI) and Mindtree and commenced trading on the Indian stock market under its new name in December 2022
It is crucial to set a strict stop loss at 19,525 to manage risk since resistance levels are projected at 19,380 and 19,490
Closing Bell on July 7, 2023: PowerGrid, IndusInd Bank, HUL, NTPC, Bajaj Finance, HCL tech, Tech M, L&T, Asian Paints, ICICI Bank, ITC, Kotak Bank, Infosys, and HDFC twins declined up to 3 per cent
The Sensex last closed at 65,786, up 340 points, or 0.5 per cent
According to Ravi Nathani, independent technical analyst, charts suggest bullish trend for both Nifty50 and Nifty Bank indices
FIIs continued to roll their bullish bets on Index and have slightly reduced their longs in Single Stock Futures, says Nuvama Alternative & Quantitative Research report.
Analysts believe, the progress of monsoon, FII and DII fund flows and the upcoming Q2 earnings, are the key triggers for Indian markets
According to Ravi Nathani, an independent technical analyst, the Nifty 50 is seen consolidating in the 18,500 to 18,900 range.
Capital goods, FMCG and auto gain the most since December 1
Among sectors, Jefferies expects the consumer discretionary and staples sectors to see a margin expansion of 2.4 / 0.7ppt in FY24.
Infosys's disappointing sales forecast for the current financial year added to the negative newsflow
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
BSE did not comment on the possible impact of NSE's decision on its revived volumes
Removal of non-F&O stocks could lead to addition/subtraction of 11 stocks, triggering a Rs 5,000-crore churn
Stock Market Live updates on June 2, 2023: At 7:15 am, the SGX Nifty quoted 18,619 levels, up 55 points
Every minor correction may see addition of long positions, say experts
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.
A stoploss of 18,500 will help limit potential losses in case the index moves against the anticipated correction
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