Auto sector is holding on in this market rout. Neeraj Dewan on 3 stocks to buy
"Banking sector gets very vulnerable if any news comes of even a possibility of some default which may or may not happen. This is one sector which is coming out of the NPA cycle and we do not want another wave to come and hit them. It is a highly vulnerable sector that has moved a lot in the last few quarters and had driven the markets to these levels. And now that sector is taking a knock."
🟢🟢 BAJAJ FINANCE reversal with Hammer 🔨 candlestick pattern in 1 hr timeframe after declaring very good results so go long with this script or accumulate as many as possible😇
The consolidated results include the earnings of its wholly owned subsidiaries -- Bajaj Housing Finance, Bajaj Financial Securities, and its associate company Snapwork Technologies.The asset quality of the non-banking finance company improved with gross non-performing assets falling to 1.14% at the end of December against 1.73% a year back. Net NPA was at 0.41% against 0.78%.
Bajaj Finance Q3 Preview: Net profit to jump 38%, margin outlook in focus
Shares of Bajaj Finance have corrected more than 11 percent so far this month, due to the disappointing AUM growth announced in an early update on its quarterly performance.
Stocks in news: Tata Motors, Dr Reddy’s, Adani Enterprises, Bajaj Fin, Vedanta, CEAT, Tata Elxsi
Dr Reddy's Laboratories beat Street estimates by reporting a 77% on-year rise in December quarter net profit to Rs 1,247 crore. Revenue jumped 27% YoY higher to Rs 6,770 crore. During the quarter, the company's gross margin increased to 59.2% up from 53.8% in the year-ago period.
Struggling to break the current downtrend, This stock is set to fall further if it breaks 5835 in a day chart. Took support from the same level yesterday and went up but couldn't sustain.
Top 10 trading ideas for next 3-4 weeks, backed by upbeat earnings, Budget optimism
Experts feel the 17,800-18,200 range is expected to break on either side after the announcement of the Budget, hence, if the Nifty breaks 18,200, then 18,500 is the level to watch out for
If the Nifty crosses and sustains above 18,200 level, it would take the index towards 18,500 levels, analysts said. HDFC Bank, TCS, L&T, UltraTech Cement, Sterlite Technologies, Persistent, ONGC, Coal India, and Vedanta are some of the stocks that look bullish on charts, according to analysts.
Q3 earnings, F&O expiry among 8 factors that will steer market this week
With earnings of index heavyweight Reliance out of the way, some major companies, including Axis Bank, Maruti Suzuki, Tata Motors, Bajaj Auto, Cipla, Bajaj Finance, Vedanta, and NTPC, among others, are slated to announce their third-quarter results this week. The markets on Monday will also react to RIL's earnings, which disappointed the Street, as well as other index majors ICICI Bank and Kotak Bank.
Sensex, Nifty trade marginally higher on gains in IT stocks
“Indias current underperformance is likely to be temporary since India has the best growth and earnings prospects among large economies. However, concerns of a global slowdown this year and the possibility of FIIs again turning sellers at higher levels will cap the upside to the market in the near-term,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
Value will continue to outperform growth for next 6 months: Sridhar Sivaram
I don't see a long-drawn patch. I think it is more tactical right now because large markets are moving very fast and India was a consensus overweight. In fact, it wasn't a consensus overweight till about third quarter of last year because we were seeing continuous FII outflows.
Sensex gains 200 points, Nifty near 18,000 despite weak Asian cues
“The dominant trend impacting the near-term texture of the market is the sustained selling by FIIs for the eleventh time this month. The simple logic behind sustained FII selling is that India is the only large market where FIIs are still sitting on good profits after the disastrous 2022 performance in most global markets,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
PSUs as well as PSU banks can be an exciting one-year story: Deepak Shenoy
“The Reliance stock will be in a range until there is no clarity on how things move going forward. But this is an incredibly interesting business for us. It is one of the most innovative companies in the Nifty50 in terms of technology. I like the business but it is going to take time until the demerger. The sum of the parts is greater than the whole.”
Market to remain volatile, don’t extend equity exposure: Anand Tandon
“I do not think the commodity increase should be viewed as a market signalling there is going to be great demand. I would just hasten to caution that one should not be looking at increasing equity exposure despite all the positive noise we may see. This is a market which will remain extremely volatile during the course of the year.”
“Niftys technical landscape is suggesting major support at the 17,761 mark and below the same, the index will form a lower top/low pattern on the daily charts. Immediate upside hurdles are at the 18,265 mark, while confirmation of strength is now only above the 18,473 mark,” Prashanth Tapse - Senior VP (Research) at Mehta Equities said.
Stocks to buy or sell today: 4 short-term trading ideas by experts for 16 January 2023
On the options front, the weekly maximum Call OI is placed at 18000 and then towards 18200 strikes while the maximum Put OI is placed at 17900 and then towards 17800 strikes. Call writing is seen at 18200 then 18000 strikes while Put writing was seen at 17800 and then towards 17900 strikes.
Among IT largecaps, most confident about Infosys, followed by TCS: Deven Choksey
“The visibility of the next five to seven years in some of the contracts gives me a lot of confidence about Infosys maintaining a 15% plus kind of steady rate of growth, continuing for the next five years or so in a very sustainable manner. Any correction in the price or softening of the stock price is a good opportunity to buy into Infosys and TCS.”
Hot Stocks: Brokerages on Maruti Suzuki, Infosys, HCL Technologies and SBI Life
Morgan Stanley maintained its overweight stance on Maruti Suzuki with a target of Rs 10,483. The global investment bank believes that the share price will rise relative to the country index over the next 30 days.
Dipan Mehta on why one should bet on L&T and 4 other capital goods & infra stocks now
“While the last two trading sessions may have been a bit challenging, this year looks to be good and I hope to build on the foundation created in the last financial year, rather the last year when we had massive outperformance in terms of our markets being stable as compared to sharp declines in some of the other global market,”
Wealth builders: 2 sectors making stock investors richer every year since 2016
The financial services index has disappointed only in 2013 and 2015 in the last ten years. The calendar year 2014 turned out to be the best one so far when the index zoomed over 57%. In the last seven years, the index has given double-digit returns in 2017, 2018, 2019 and 2021.
Bank, IT stocks drag key indices down 1%; Nifty slips below 18k
The Sensex closed at 60,115.48, down 631.83 or 1.04%, after breaching 60,000 earlier in the session. The Nifty fell 187.05 points, or 1.03%, to end at 17,914.15. The Nifty has a crucial support at 17,650-17,700 levels, about 1.5% away from Tuesday's closing, analysts said.
Should you be a buyer in Titan & Bajaj Finance on corrections? Daljeet Singh Kohli answers
"ICICI Bank has reached a very high level and from here onwards, what next? So why not look for something which has not moved as of now? It is just the kind of rotation which is happening. There is specifically nothing negative I have heard about ICICI Bank. They are continuously doing what they were doing very well with the change of management."