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July 28, 2023 08:33 AM IST Indian markets are likely to kick off August series on a subdued note as the GIFT Nifty is trading lower this morning. Meanwhile, on Wall Street the Dow has snapped a 13-day winning streak after US GDP data came in higher than expectations. Among stocks in focus this morning, Lupin’s US FDA headache eases while BEL reports strong numbers. We’ll also take stock of the Q1 report card of I.T giants. Catch Nandita Khemka in conversation with Madhuchanda Dey, Moneycontrol Pro and Hemen Kapadia, KR Choksey Shares & Securities.
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July 25, 2023 08:50 AM IST Indian equity markets extended losses for yet another session amid volatility. The Nifty50 shut shop below the 19,700 mark amid selling pressure in FMCG, metal, oil & gas, and select banks and technology stocks. However, the Nifty smallcap index managed to close in the green. Markets will be reacting to Tata Steel’s Q1 performance today. The steel giant’s profit slumped over 90% YoY but beat expectations. Meanwhile it’s a busy day on the earnings calendar as 5 Nifty companies will hand in their Q1 report cards - Tata Motors, Bajaj Auto, L&T, Asian Paints and SBI Life. L&T’s board will also consider its first-ever share buyback. Catch Nandita Khemka in conversation with Milan Vaishnav, Gemstone Equity Research and Renu Baid, Vice President – Research, Capital Goods & Consumer Electricals at IIFL Institutional Equities.
- July 24, 2023 08:38 AM IST
Indian equity markets came under intense selling pressure on Friday, with the Nifty missing the magical 20,000 mark by a whisker. Investor sentiment took a hit amid weak full-year guidance by Infosys and an un-enthusing quarterly show by FMCG behemoth HUL. Market participants also turned cautious ahead of Q1 earnings from Reliance Industries and ICICI Bank earnings that were announced on Friday & Saturday respectively. BSE Sensex tanked 888 points to 66,684, while the Nifty50 dropped 234 points to 19,745 and formed bearish candlestick pattern with long upper shadow on the daily charts with making lower high, lower low formation. Can the Nifty make a dash at the coveted 20,000 milestone this week? Meanwhile, RIL’s consumer facing businesses cushioned weakness in its oil to chemicals business in the first quarter, both ICICI Bank and Kotak Mahindra Bank beat street expectations. Stocks in focus are Paytm and Biocon among others. Lots of action in the primary markets this week as street gears up for Noida-based hospital chain Yatharth Hospital’s IPO that opens for subscription on July 26; Netweb Tech makes its stock market debut on July 27. Also in focus will be the FOMC meet on July 25-26 where the US central bank is expected to hike rates by 25 bps. Catch Nandita Khemka in conversation with Neha Dave, Moneycontrol Pro and Anuj Gupta- Vice President IIFL Securities.
- July 20, 2023 08:37 AM IST
Indian markets have maintained relentless uptrend since last Friday. Benchmarks saw a fresh record close yesterday, with the Nifty50 ending above 19,800 levels and the BSE Sensex above 67,000 mark for the first time. Consistent FII buying, and upside in banking & financial services aided the rally. The index is now less than 200 points away from the coveted 20,000 level. Big earnings to watch out for today as Infosys and HUL hand in their Q1 reportcards. Also in focus will be Federal bank as it launches its QIP and Shree Cement among others. Catch Nandita Khemka in conversation with Kaustubh Pawaskar, Sharekhan by BNP Paribas and Hemen Kapadia, KR Choksey Securities
- July 19, 2023 08:35 AM IST
The Nifty50 continued its northward journey for fourth consecutive session and surpassed 19,800 for the first time backed by technology stocks and index heavyweight Reliance Industries. As a result, the support has been shifting higher and the index gradually seems to be inching towards the psychological milestone 20,000 mark. FIIs remained buyers but DIIs turned sellers yesterday. Among key stocks to watch would be IndusInd Bank, L&T Tech & ICICI Lombard. Catch Nandita Khemka in conversation with Heman Jani, Market Expert and Ratnesh Goyal, Arihant Capital Markets .
- July 18, 2023 08:36 AM IST
Indian markets extended stellar gains for yet another session, as the benchmark indices hit fresh all-time highs. Banks & financial services space which was consolidating for several sessions staged a smart comeback, aiding the market momentum. Select technology and oil & gas stocks also boosted the rally. The BSE Sensex climbed 529 points to 66,590, while the Nifty50 jumped 147 points to close above 19,700 for the first time ever, forming a long bullish candlestick pattern on the daily charts. Will the bulls manage to conquer the magical 20,000 mark soon? Stocks in Focus today are LTIMindtree, RIL & IndusInd Bank among others. Catch Nandita Khemka in conversation with Vivek Mashrani, CFA and Sacchitanand Uttekar, Tradebulls Securities.
- July 17, 2023 09:02 AM IST
Markets hit a fresh record high on Friday, July 14, backed by another day of stellar rally in technology stocks and positive global cues on falling inflation in the United States. The Nifty notched a record close to shut shop above the 19,550 mark for the first time ever while the Sensex clocked in its highest close ever, above the 66,000 mark. Will the momentum sustain as we enter an earnings-heavy week? The GIFT Nifty signals an open above the 19,600 mark even as China’s Q2 GDP misses expectations. Among key earnings this week – Index heavyweight Reliance Industries, banking behemoths such as HDFC Bank, ICICI Bank and Kotak Mahindra Bank; and other biggies like Infosys, HUL among others will hand in their first quarter report card this week. Stocks in focus today are HDFC Bank, Bandhan Bank, LTIMindtree and JustDial. Meanwhile, the IPO rush continues on Dalal Street with Netweb Technologies’ Rs 630 crore issue kicking off for subscription today, on July 17. Catch Nandita Khemka in conversation with Rajesh Palviya of Axis Securities; and Nirav R Karkera, Head - Research, Fisdom. Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
- July 13, 2023 08:20 AM IST
Indian equity markets continued its volatility for yet another session and ended below the 19,400 mark amid caution ahead of IT earnings and macro data. This morning the GIFT Nifty is hinting at a start above the 19,500 mark for the Indian markets amid sanguine global cues. On the earnings front, TCS’ first quarter show was largely in line with estimates while HCL Tech fell short of expectations even as it maintained its FY24 guidance. Other stocks in focus today will be SpiceJet, Patanjali and Lupin among others. Meanwhile, in crucial macroeconomic data, retail inflation for June increased to 4.81% amid a surge in food prices while IIP rose to a 3-month high of 5.2%. Catch Nandita Khemka in conversation with Mahantesh Sabarad, Independent Market Analyst and Ruchit Jain, Lead Research Analyst, 5Paisa.com
- July 12, 2023 08:37 AM IST
Indian markets saw a good rebound on Tuesday, July 11, with Nifty ending above the 19,400 mark. The GIFT Nifty is hinting at a muted start for the markets this morning on July 12. Q1 earnings season officially kicks off with TCS and HCL Tech reporting their first quarter numbers today. Meanwhile, in a big blow for the online gaming industry, the GST Council has agreed to levy 28 percent tax on online gaming and casinos. Delta Corp, Nazara Tech will be in focus. Also in focus today will be UltraTech Cement, Happiest Minds and Sterlite Tech among others. Catch Nandita Khemka in conversation with Andrew Holland, CEO of Avendus Capital Public Markets Alternate Strategies; and Nirav Chheda, AVP Derivatives & Technical Research at Nirmal Bang.
- July 11, 2023 08:35 AM IST
The Indian stock market managed to end with slim gains as consolidation kicks in at record highs. However, the broader markets ended lower by about half a percent. Sensex gained 64 points to settle at 65,344; while Nifty50 rose 24 points to 19,356, and formed bearish candlestick pattern with upper and lower shadows on the daily charts. The index has been consolidating in the 19,300-19,500 range for the last five trading sessions, indicating uncertainty about the trend in the market. Among stocks in focus today will be Vedanta, as Foxconn called off their semiconductor join venture; CarTrade; and SBI Card among others. Catch Nandita Khemka in conversation with Trideep Bhattacharya, CIO – Equities, Edelweiss AMC; and Sacchitanand Uttekar, Vice president – Research (Derivatives and Technicals) at TradeBulls Securities.
- July 10, 2023 08:44 AM IST
Indian stock market continued its northward journey for yet another week, though there was profit booking on last Friday amid signals of possible rate hike by the United States Federal Reserve (Fed) in next policy meeting post rise in US treasury yields and tight jobs data. Positive economic data, healthy provisional numbers by corporates ahead of June quarter earnings and consistent buying by foreign institutional investors (FIIs) supported the market. Sensex jumped 562 points to 65,280, and the Nifty50 climbed 143 points to 19,332, while the Nifty Midcap 100 and Smallcap 100 indices gained 0.9 percent and 2.6 percent, respectively, for the week. Most of sectors contributed to the up move. Overall, the momentum may sustain despite possible intermittent consolidation and correction in the coming week, with focus on India and US inflation for more cues, while the stock-specific action due to the beginning of corporate earnings season will be seen. TCS kicks off the Q1 earnings season on Wednesday (July 12) and HCL Tech and Wipro will follow suit. Among stocks in focus today on July 10 will be Reliance Industries (RIL), Vedanta, HDFC Bank and Indian Oil Corporation (IOC). Plenty of action in the primary markets as well. Cyient DLM gears up to make its D-street debut today. Meanwhile, sources suggest NSDL has filed draft papers with the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). Catch Nandita Khemka in conversation with Ajay Srivastava, Dimensions Corporate Finance Services; and Rajesh Palviya, Axis Securities. Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
- July 07, 2023 08:39 AM IST
Bulls turned more powerful and helped the Nifty50 achieve much-awaited 19,500 mark on the weekly F&O expiry day. Oil & gas, auto, select banks, metals and pharma stocks lifted the market higher, while foreign institutional investors continued providing healthy support for yet another month. The index, after initial volatility, gained strength and extended the rally as the day progressed to surpass a psychological 19,500 mark in late trade, for the first time in its history. The index climbed 99 points to end at fresh all-time closing high of 19,497 and formed bullish candlestick pattern on the daily charts. Will the momentum continue? Lots of stocks to watch out for including Titan, Dabur & JK Cement. Meanwhile, IdeaForge Technology is on track for big bang debut, may list at 75% premium over IPO price. Catch Nandita Khemka in conversation with Ambareesh Baliga, Independent Market Analyst and Raja Venkatraman, Co-founder, Neotrader.
- July 05, 2023 08:36 AM IST
Indian equity markets rose for six days in a row but if the technical indicators are anything to go by, some tiredness may be visible on the charts, signalling the possibility of some correction or consolidation in next few days. Nifty50 has surged nearly 800 points in the last six days. Yesterday, the BSE Sensex climbed 274 points to 65,479, while the Nifty50 rose 67 points to 19,389. Lots of stocks to watch out for – LTIMindtree is set to join the elite Nifty50 club come July 13 when HDFC delists, Bandhan Bank’s CFO has resigned and Suzlon, IOC will are likely to consider fund raise. Catch Nandita Khemka in conversation with Nilesh Shah of Centrum Broking and VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services
- July 04, 2023 08:40 AM IST
Indian equity markets are on a strong footing as the benchmark indices have consistently been hitting new record highs day-after-day. Nifty shut shop above the 19,300 mark while the Sensex conquered mount 65,000 as the rally continues unabated. The upmove yesterday was backed by banking & financial Services, FMCG, metal and oil & gas stocks. Will the upmove continue today? Also plenty of stocks in focus this morning. After HDFC bank, IDFC First Bank is set to merge with IDFC. Avenue Supermarts and Bajaj Finance will be in focus after their Q1 business update. Also amid the rally in oil & gas, should you buy into the likes of BPCL and Gujarat Gas? Catch Nandita Khemka in conversation with Abhijeet Bora, AVP at Sharekhan by BNP Paribas and Sacchitanand Uttekar, TradeBulls Securities.
- July 03, 2023 08:40 AM IST
Indian stock markets reached new heights on the very first day of July series, mainly backed by technology and banking and financial services. The volatility also sustained at historic lows, indicating the markets may remain stable in near future. The BSE Sensex rallied 803 points or 1.26 percent to 64,719, while the Nifty50 jumped 217 points or 1.14 percent to 19,189 and formed bullish candlestick pattern on the daily charts, with making higher highs, higher lows formation for third straight session. Will the momentum continue this week? Stocks in news are HDFC twins as the merger comes into effect; autos as they report their monthly sales figures; RIL, and Granules among others. Catch Nandita Khemka in conversation with Deven Choksey, Founder and Promoter, KRChoksey Holdings, and Rajesh Palviya of Axis Securities.
- June 30, 2023 08:35 AM IST
Indian equity markets hit a new life high on Wednesday, June 27. The Nifty50 touched a new milestone of 19,000 mark on the monthly F&O expiry day. We saw every sector participate in the rally, while the broader markets continued the uptrend for the third straight session along with benchmarks. Sensex too hit the 64,000 mark for the first time in intraday day trade. Markets are poised to kick off the July series on a strong note. Stocks in the spotlight today include TCS, ICICI Securities, MCX, BPCL, Creditaccess Grameen and TD Power. Catch Nandita Khemka in conversation with Rohit Srivastava, Founder & Strategist, Indiacharts; and Raja Venkatraman, Neotrader.
- June 28, 2023 08:37 AM IST
Indian equity markets saw a smart surge in the second half of the session yesterday on June 27. The Nifty50 edged back above the 18,800 mark ahead of the monthly F&O contracts’ expiry while the BSE Sensex jumped 446 points to end above the 63,400 mark. Banking and financial services, technology and metal stocks led the rally. Will Nifty make a dash at an all-time high in today’s session? Stocks in focus are HDFC Life, Gland Pharma, and Titagarh Rail, among others. Looking to invest Rs 10 lakh in the market but not sure how to go about it? Don’t worry, we’ve got you covered. Catch Nandita Khemka in conversation with Anil Rego of Right Horizons, and Hemen Kapadia of KRChoksey Securities.
- June 27, 2023 08:38 AM IST
The Nifty and Sensex kicked off a truncated week on a cautious note. Sensex closed below the 63,000 mark while the Nifty too failed to defend the 18,700 mark but the broader markets rebounded smartly after two-day weakness on a positive breadth. According to pivot charts, 18,658 will be the support level to watch out for on the index today on June 27. Among the stocks in news, watch out for Bharti Airtel, AB Capital, City Union Bank & Sapphire Foods. Meanwhile IPO Street is buzzing with activity as IdeaForge garners 3x subscription on Day 1, and Cyient DLM IPO kicks off for subscription today. Catch Nandita Khemka in conversation with Rahul Arora, CEO, Nirmal Bang and Sacchitanand Uttekar, Tradebulls Securities.
- June 26, 2023 08:32 AM IST
Indian equity markets snapped 4-week winning streak even though the Sensex hit a fresh all-time high last week. Weak global cues after hawkish comments by US Federal Reserve and a jumbo rate hike by the Bank of England took a toll on risk sentiment. Both the Sensex & Nifty shed nearly a percent for the week and almost all the sectors ended in the negative zone. Will the Nifty manage to conquer fresh highs in monthly expiry week. IPO Street will be abuzz with actitivity this week with seven issues totalling 1,600 cr will kick off for subscription this week, the most notable ones being IdeaForge & Cyient DLM. Catch Nandita Khemka in conversation with Rajesh Palviya of Axis Securities & Geoff Dennis, Independent Emerging Markets Commentator.
- June 23, 2023 08:56 AM IST
Indian equity markets snapped two-day gains amid volatility and fell nearly half a percent yesterday. Weak global cues after hawkish comments by US Federal Reserve, and selling in most sectors dented sentiment. BSE Sensex dropped 284 points to 63,239, while Nifty50 declined 86 points to 18,771. Intraday, the Sensex hit a fresh all-time high, but Nifty failed to conquer fresh highs for the third time this week even though it went very close to its previous record level of 18,887. Will the bulls manage to make a comeback today? Meanwhile, IT stocks may extend losses after Accenture’s Q4 revenue guidance disappoints, signaling more gloom for the sector. Catch Nandita Khemka in conversation with Mitul Shah of Reliance Securities and Raja Venkatraman of Neotrader.
- June 22, 2023 03:08 PM IST
Sensex hit a fresh all-time high yesterday, will the Nifty follow suit? Will the D-Street dream run continue and is it time to bet on ‘unloved sectors’ amid sector rotation in the market? Meanwhile, US Fed chairman Jerome Powell has affirmed that more interest rate increases are likely ahead as inflation is “well above” where it should be. Stocks in focus today are TCS, Delhivery, LTI Mindtree & Glenmark among others. Catch Nandita Khemka in conversation with Aishvarya Dadheech and Shrikant Chouhan, Head of Equity Research – Retail, Kotak Securities.
- June 21, 2023 08:42 AM IST
Nifty recouped most of its losses yesterday amid fagend buying. Will the index make a dash at all-time high today? What are the high conviction buys in the market and which pocket should one invest in now. Lots of stocks in focus including Shri Ram Finance, DeMart and RVNL. Catch Nandita Khemka as she discusses all the stocks with Vibhor Varshney, Founder - Vighnahara invest and Pankaj Pandey , Head, Retail Research ICICIDIRECT.
- June 20, 2023 08:37 AM IST
Nifty, Sensex retreated after clocking record close on Friday. The SGX Nifty is hinting at a subdued start this morning, however it is trading above the 18,800 mark. Will the bulls manage to stage a comeback after a day’s break? Which are the top themes that could take leadership in this leg of the bull run and what’s the investment strategy one should adopt for the next 12-18 months? Catch Nandita Khemka discussing all this and more with Gautam Baid, Founder, Stellar Wealth Partners. Also lots of stocks in focus this morning - HDFC to sell 90% stake in Credila to Baring EQT, ChrysCap, Timken in focus as promoter entity to sell 8.4% stake via block deal. Sacchitanand Uttekar, Tradebulls Securities decodes the charts of all the stocks making news this morning. Watch!
- June 19, 2023 08:43 AM IST
Indian benchmark indices notched a record close on Friday with the Nifty shutting shop above the 18,800 mark for the first time ever. The SGX Nifty is hinting at a flat start today, however, it is hovering around the 18,900 mark. Can we hit all-time high this week? Which are the themes one should invest at record levels? Catch Nandita Khemka as she discusses the market setup with Pankaj Murarka of Renaissance Investment and Rajesh Palviya of Axis Securities.
- June 14, 2023 08:40 AM IST
Nifty50 was back above 18,700 and Sensex above the 63,000 mark. Broader markets continue to outshine. In terms of macro cues, US Inflation cooled-off to a two-year low, which could give direction to the Federal Reserve which will deliver its policy decision today. Market participants are hopeful for a pause in rate hike by Fed. Stacy Pereira discusses that with Anil Rego, Founder & CEO – Right Horizons & Shivangi Sarda, Analyst – Equity Derivatives & Technicals, Broking & Distribution, MOFS on Morning Trade.
