Following a strong close over the 200-DMA set at Rs 2,559, the chart structure of Reliance Industries reveals a "Double Bottom" breakout
The market sentiment got a boost from jobs and services data in the US, which hinted at a cooling economy prompting bullish bets from investors
In the past three months, the stock of Apollo Micro Systems has outperformed market as shares surged 75 per cent, as against 4.8 per cent rise in the S&P BSE Sensex.
The underperformance of the small-caps, according to analysts, was mostly due to rising raw material prices and the hike in rates by central banks, which in turn impacted their financial performance
Friday's correction saw a sharp short-covering on Monday as market put aside fears around the Covid-19 situation in China
In the past one month, SBI up 3% has underperformed the PSU Bank index, which surged 21% during the period.
Will railway stocks be able to hold on to their recent gains. Listen to this podcast to know more
L&T is the best proxy for domestic capex given its market leadership in the engineering and construction industry, diversified revenue stream and strengthening balance sheet.
Investors can continue and add SIPs or STPs (spread over next six months rather than lump sum) into midcap funds, with a five year time horizon
Nifty Midcap 100, Nifty Smallcap 100 struggle even as markets make new highs
Similarly, the broader NSE Nifty dipped 36.25 points or 0.20 per cent to end at 18,307.65
Analysts think it will not be a runaway rally from here on as the market valuations seem expensive
Stock market today: The Sensex, Nifty indices are now only around 1 per cent away from reclaiming their all-time highs of 62,245.43 and 18,604.45, respectively
The stock hit a new high of Rs 610.75, and has rallied 12 per cent in past two days, surpassing its previous high of Rs 598.90, touched on November 24, 2017.
In the Sensex pack, Maruti, Reliance Industries, NTPC, Power Grid, Mahindra & Mahindra, Bajaj Finserv, Titan and Kotak Mahindra Bank were the major winners
Analysts believe ITC would continue to grow in its core business of Cigarettes and FMCG with stable taxation & softening of raw material prices.
Adoption of 5G-enabled smartphones in India is expected to triple and this, in turn, will drive the fluoropolymers market and benefit the Gujarat Fluorochemicals.
Shares of Liberty Shoes hit a fresh four-year high at Rs 270.40, surging as much as 8 per cent in Wednesday's intra-day trade, in an otherwise a weak market.
With a number of reforms being introduced in the Power & Grid sector, the company expects it to remain resilient.
Business Standard's Puneet Wadhwa spoke with Mark Matthews, head of research for Asia at Julius Baer to understand what he makes of the current market rally and if the worst of inflation is behind us