Stocks to buy: Vinay Rajani, senior technical and derivative Analyst at HDFC Securities, recommends 'Buy' on M&M Finance and Federal Bank
After a subdued start to 2025, the Indian stock market made a strong comeback during the closing of H1. The benchmark Nifty witnessed a 15 per cent surge from March lows
Analyst at HDFC Securities have recommended a 'Bear Spread' Strategy on the Nifty MidCap index as it has broken out from the downward sloping trendline on the weekly charts
Nifty remains in a bullish zone, holding firm above key moving averages. Bank of Maharashtra and Maharashtra Seamless are the breakout stocks to watch
Nifty key levels: Positional trend remains bullish with support seen in the band of 24,900-25,000. The 25,200 level could offer resistance
Traders should maintain a stock-specific approach and use this consolidation phase to accumulate fundamentally strong names
A bull call spread allows participation in the ongoing uptrend with a defined risk-reward profile
Here's a technical check on Ortin Global, DCM Financial, Shanti Overseas, Lypsa Gems and Usha Martin Education that trade on the NSE with a market cap of less than Rs 20 crore.
Technical charts show the Nifty Auto index can potentially rally another 10% to 26,180 levels; while select stocks such as M&M, Tata Motors and Ashok Leyland can surge up to 15%.
IREDA stock is seen attempting a breakout on the daily scale, while SJVN is testing support at the key monthly moving average, which the stock has held since August 2020; shows the technical charts.
Aegis Logistics has seen a strong spurt in price and volumes in the last trading session from the cluster of its significant EMAs on the daily chart
Stocks to buy today: Jigar S Patel of Anand Rathi suggests initiating long positions in HDFC Bank share price in the 1,850-1,875 range, with an upside target of 2,050
The primary market is expected to remain vibrant, with at least 10 companies, including supermart major Vishal Mega Mart and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd expected to raise a combined Rs 20,000 crore in the next month, merchant bankers said. Education-focused NBFC Avanse Financial Services, TPG Capital-backed Sai Life Sciences, hospital chain operator Paras Healthcare, and investment bank DAM Capital Advisors are also among the companies planning to launch their IPOs in December, they added. The companies aim to raise a total of Rs 20,000 crore through their public offerings. These IPOs will span various sectors, and deal sizes, and include both fresh issues and offers for sale. Trivesh D, COO of Tradejini, an online brokerage house, told PTI that the Maharashtra election verdict and the UP Lok Sabha by-election results have created a positive market sentiment that could boost IPO activity and fundraising efforts. While 2024
Nifty has started forming lower tops and lower bottoms on the daily chart. Nifty also closed below the previous swing low of 24567, which could drag the index to the lower levels
Stock Market Today: Analysts anticipate a weak Q2FY25, with potential profit dips due to declining refining margins for Reliance Industries.
Stock Market Today: Morgan Stanley and Citigroup have acquired 43.75 lakh shares of HDFC Bank for over Rs 755 crore at an average price of Rs 1,726.20 each.
Over the past few months, IDFC First Bank has consistently maintained a strong support level between Rs 70-71, despite several challenges from downward market trends.
The Nifty FMCG Index is demonstrating a bullish trend in the near term, as indicated by its recent upward movements on the charts.
At the current juncture, ICICI Bank has found support within its previous breakout range and has maintained this level for the past three sessions.
Nuvama Alternative & Quantitative Research expects the bullish momentum in the market to continue with sectoral rotation in August derivatives series.