Selective small-cap stocks may rally up to 25 per cent, as per their respective charts
The current volatility in the benchmark indices offer the ideal opportunity to accumulate pharma stocks around their respective supports
Closing Bell on August 14, 2023: In the broader markets, the BSE MidCap and SmallCap indices underperformed the benchmarks as they fell 0.5 per cent each
Barring Adani Ports and Special Economic Zone, no other group company of Adani shows a favorable trend in the present technical structure,
Barring Cummins India, which did perform in the current year but the present structure shows sluggishness; all other stocks included in MSCI index are poised for the next bull-run.
Zee Entertainment hits fresh 52-week high post approval by NCLT
Trend in rate-sensitive stocks remains mixed, with stocks like Manappuram Finance, M&M and Union Bank of India showing resilient up move, while a few others display fragile outlook
Auto and ancillaries, Textiles, Chemicals, and capital goods are key beneficiaries of China+1
In the June quarter, Page Industries, Housing Development Finance Corporation, HDFC Bank, Star Health and Allied Insurance, Avenue Supermarts were among companies that saw the highest buying by HNIs
Post Q1 results, major banking stocks have lost the upside bias. Most stocks are facing hurdles at upper levels.
With a healthy order book, company targets 40-50 per cent growth in revenues in FY24.
While the trend looks fragile, key supports are continuing to bolster the up move
OMC stocks are displaying bearish sentiment, if fails to hold key supports then could enter medium-term selling bias.
NIFTY50 index is consolidating just below the 20,000 mark after rallying 14 per cent from March 23 lows as earnings expansion catch up
Bajaj-Auto, HIndalco, Dr. Reddy's Laboratories, NTPC, and IDFC First Bank may rally up to 15 per cent, show technical charts
Hindustan Unilever to hit new 52-week low if the support of Rs 2,520 is breached
Nifty Realty index to rise up to 5 per cent in the coming weeks, post delivering bullish breakout on the charts.
In July, the S&P BSE Smallcap index surged 7.4 per cent as compared to 5.7 per cent rally in the Midcap index, and a modest 2.8 per cent gain in the Sensex.
So far this year, NTPC has soared 36 per cent, Torrent Power zoomed 39 per cent and Power Grid Corporation of India advanced 21 per cent. Overall trend in these power stocks continues to remain sturdy
Barring, Pfizer, Gland Pharma, and Laurus Labs, all other constituents of Nifty Pharm Index trade over the 200-day simple moving average (SMA),