Why are IT midcaps doing so well? How will banks perform going ahead? Amnish Aggarwal answers
“The market today is chasing growth and irrespective of the fact whether it is a midcap or a smallcap, the market is ready to pay them even premium to largecaps. That is typical of a very broad-based rally which is playing out and IT is not very different over here.”
F&O Ban: RBL Bank, Sun TV Network among 7 stocks under ban on Wednesday
The contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
GIFT Nifty down 60 points; here's what changed for market while you were sleeping
The support at the lower end remains solid at 19245, serving as a barrier to prevent further declines. On the upper end, resistance is placed at 19425; a breach of this level might lead to a more dependable rally. Expect a range-bound trading unless a clear breakout occurs on either side.
F&O Ban: BHEL, Escorts Kubota among 8 stocks under ban on Monday
Indian frontline indices S&P BSE Sensex and Nifty50 ended down on Friday amid broad-based selling including profit booking seen in banks, auto, IT and FMCG stocks. The S&P BSE Sensex ended at 64,886.51, down 365.83 points or 0.56% while the broader Nifty50 settled at 19,265.80, lower by 120.90 points or 0.62%. The banking gauge Nifty Bank finished 264.75 points or 0.59% lower at 44,231.45.
Breakout Stocks: How Shoppers Stop, Escorts and Mastek are looking on charts for Monday’s trade
Stocks that were in focus include names like Shoppers Stop which was down more than 12%, Escorts Kubota rose more than 2% to hit a fresh high and Mastek closed with gains of over 4% on Friday.
Shriram Finance, Mphasis among 9 midcap stocks hit 52-week high
The attainment of new 52-week highs by APL Apollo Tubes, Shriram Finance, Mphasis, Sun TV Network, and other Nifty Midcap stocks on August 24 signifies their outstanding market performance and growth prospects.
PVR Inox, REC among 10 overbought stocks with RSI above 70
As of August 18, Friday, ETMarkets identified the overbought status of the chosen stocks. Given the dynamic nature of markets, remember that market conditions can change rapidly. The status of stocks trading in an overbought zone on August 21, Monday, will be updated after market hours.
Stocks to buy today: HDFC Bank, Escorts among top 8 trading ideas by experts for 21 August 2023
On the weekly options front, the maximum Call OI is placed at 19400 and then towards 19500 strikes while the maximum Put OI is placed at 19300 and then towards 19200 strikes.
Multibagger tracker! This Jhunjhunwala-backed auto stock turned Rs 10,000 to Rs 3.5 lakh in just 10 years
According to the shareholding pattern available with the exchanges, Excorts Kubota promoters own majority of the stake at 67.64%, while the rest of 30.40% lies with the public shareholders. Among the public shareholders, mutual funds own about 8.13% stake in the company, while foreign portfolio investors have 5.19% stake. The company is backed by Rekha Jhunjhunwala with 1.62% stake
Cochin Shipyard, REC among 10 overbought stocks with RSI above 70
In the intricate world of stock trading, decoding the dynamics of Relative Strength Index (RSI) trends is crucial. On August 17, StockEdge spotlighted a captivating situation where 50 stocks found themselves in the overbought territory while displaying bearish or declining RSI trends.
Confidence Booster? Adani Ports among top 10 cos to see highest promoter buying in Q1
The 10 companies that saw highest buying by promoters from the open market in the last quarter, has Adani Groups cash cow Adani Ports and Special Economic Zone at the top of the list.
Trade Spotlight | Your trading blueprint for REC, BEML, Escorts Kubota today
REC shares ended at a record closing high of Rs 235.1 on the NSE, up 5.4 percent, after recent consolidation. The stock has formed long bullish candlestick pattern on the daily charts, with above average volumes.
If market gives up 1,000 points, one can start fresh allocations: Sandip Sabharwal
"In the near term, my personal view is that the stocks market should remain fine till September. Market moved up from 16,800 to 20,000, a 3200-point move. If the markets give up around 1,000 points of gains, then we could be looking to start buying in terms of fresh allocations."
Breakout Stocks: How are KEC International, Escorts and BSE looking on charts for Thursday’s trade?
Stocks that were in focus include names like KEC International which pared some gains after hitting a 52-week high, Escorts Kubota also closed flat with a positive bias after hitting a fresh 52-week high and BSE pared gains and closed with a loss of nearly 1% on Wednesday.
Indian engineering conglomerate Escorts expects sustainable growth in its three core businesses for the rest of the year with its 16-17% margin forecast for the railway sector viewed as sustainable, according to CFO Bharat Madan. While it may not achieve the 20% margin seen in Q1 due to varying product mixes, expansion of demand will push growth next year. Mid-single digit growth is predicted for both the tractor and domestic industries, although subdued demand will continue in overseas markets due to general recessionary conditions.
There is comfort in IndiGo, opportunity in Zomato: Hemang Jani
Zomato and technology stocks, including IT platforms, hold potential for strong growth in the next two to three years due to settling issues and better management. Hemang Jani, an independent market expert, says that IndiGo has gained market share and is shifting from a pure aviation play to a consumer bet due to India's growing middle class and expanding airports. Meanwhile, Escorts is benefiting from its business diversification and a growing tractor market in India.
Hot Stocks | Escorts Kubota, Larsen & Toubro, Godrej Properties can return up to 14% in short term, here's why
The overall trend of the Nifty index looks positive till it sustains above 19,562 levels and potential upside would be 19,991 followed by the 20,200 mark.
TCS, Escorts Kubota among 10 overbought stocks with RSI above 70
RSI readings above 70 indicate overbought conditions, suggesting that the stock may be due for a correction. Conversely, readings below 30 indicate oversold conditions, indicating the stock may be undervalued and due for a potential rebound.
Top 10 trading ideas for next 3-4 weeks as bulls continue to rule D-Street
Technically, the Nifty seems to be looking strong now. Hence, 19,600-19,700 is expected to be key resistance area initially for the Nifty50 followed by 19,800-19,900 levels
Rex Heuermann: Gilgo Beach serial killer suspect bragged about his career 11 years after the murders; Here’s what he said
Bonjour Realty initially shared a 19-minute video featuring Rex Heuermann on February 17, 2022. This publication of the video took place 11 years after the discovery of four women's bodies in 2010 at Gilgo Beach.
Court allows DHFL promoter Dheeraj Wadhawan to undergo treatment at a private hospital, denies interim bail
Dheeraj Wadhawan, the former promoter of Dewan Housing Finance Corporation Limited (DHFL), has been denied interim bail in the Yes Bank-DHFL scam. However, the Mumbai sessions court has granted his request to receive medical treatment at a private hospital. Wadhawan and his brother Kapil are accused in the alleged fraud of over Rs. 4,000 crore caused to Yes Bank, with cofounder Rana Kapoor also a co-accused.
#ESCORTS : Our view is Bearish and We Entered around 2340 and We expected that It will move up to Price Level of 2302 in downside, Price have taken a pull Moved properly as per our analysis.
StoxBox is bullish on Escorts Kubota has recommended buy rating on the stock with a target price of Rs 2588 in its research report dated July 07, 2023.
Hot Stocks | Why you should bet on Suprajit Engineering, Escorts Kubota for short term
The directional bias remains strongly bullish till the time 18.600 on the Nifty50 is not violated. Before this, 19,000 followed by 18,800 are to be seen as key supports.
What is the Hajj pilgrimage and what does it mean for Muslims?
The Hajj is one of the five pillars of Islam, and all Muslims are required to undertake it at least once in their lives if they are physically and financially able to do so. For the pilgrims, it is a profound spiritual experience that wipes away sins, brings them closer to God and highlights Muslim unity.