We always look at Diwali Muhurat trading day to bring in luck: Sonam Srivastava
"We have our bets in consumer-led sectors and in banks. Our momentum smallcase is heavily tilted towards consumer stocks - autos, FMCG, cement, hotels and banking and financials at this point. These sectors are high performing but still low beta. Talking about stock picks, we like SBI, Federal Bank, Angel One and CAMS in the financial space. ITC, Jubilant Foods in consumer and for special festive cheer we like Titan and Kalyan Jewellers."
Ahead of Market: 10 things that will decide D-St action on Tuesday
Deepak Jasani, Head of Retail Research, HDFC Securities, said the 16,487-16,514 band is the next resistance for Nifty while the support has shifted to 16,070-16,140. “Positive global sentiments keep buoying the Nifty, and hence one will have to watch them closely.”
Ahead of Market: 10 things that will decide D-St action on Thursday
Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services, said a sharp cool-off in oil prices has improved sentiments for oil-sensitive sectors like FMCG, cement, paint and auto. “Nifty now needs to sustain above 16,000 mark to keep the positive momentum going ahead.
Ahead of Market: 12 things that will D-Street action on Thursday
Indiabulls Housing Finance, Welspun India, Infibeam Avenues, Nazara Technologies, Indo Count Industries, ITI and Indiabulls Real Estate witnessed strong selling pressure and hit their 52-week lows, signalling bearish sentiment on the counters.
Safer to buy good quality largecaps on big dips; be selective in broader market: Hemang Jani
“From a broader perspective, leaving aside this volatility, incrementally things are not looking good. We like the fact that the market has corrected and there might be opportunities in some of the largecap names but in terms of the incremental data points and the news flow, things are not looking that positive.”
Indo Count Industries signs business transfer agreement with GHCL Limited
In order to meet the growing demand and capture the business opportunities, the companys board on Monday approved a BTA with GHCL for the aforesaid acquisition which has a fully operational manufacturing facility of 45 million meters annually located at Vapi, Gujarat. The facility also has sufficient land to double the capacity in the future.