Indian equity market is expected to continue its consolidation along with some minor profit booking, after hitting a record last Friday. Experts say 22,000 is likely to be immediate support for the Nifty 50 followed by 21,900 as key support with likely hurdle on the higher side at 22,200-22,300. However, the overall trend is expected to remain positive in the short term, according to experts. On February 26, the BSE Sensex fell 353 points to 72,790, while the Nifty 50 was down 91 points at 22,122. This morning global cues are muted with Wall Street retreating from record and Asian markets off to a mixed start. Among stocks in focus will be Vodafone Idea, Paytm, CMS Info Systems & Andhra Cement among others. Exicom Tele-System’s `429 cr IPO opens for subscription. Should you ride the Nvidia frenzy as the AI chip maker hit record high following strong quarterly earnings? Catch Nandita Khemka in conversation with Sacchitanand Uttekar, Vice President- Research (Derivatives And Technicals), TradeBulls Securities and Vikas Gupta, CEO & Chief Investment Strategist, OmniScience Capital.
India equity market sentiment is expected to remain positive, though the benchmark indices saw profit booking after hitting a new high on February 23. Intermittent consolidation and correction is always a part of any consistent rally. Hence, the Nifty 50 may face immediate resistance at 22,300 in the coming session, followed by 22,500 mark, with immediate support at 22,000 level and then 21,900, experts said. On February 23, the BSE Sensex was down 15 points at 73,143, while the Nifty 50 shed 85 points from its record high of 22,297.50 and closed with 5 points loss at 22,213. This morning global cues are supportive as Nvidia-fuelled rally helped Wall Street clock a winning week. Across Asia, the Nikkei has hit a fresh high beyond 39,300, while The GIFT Nifty is signalling a mildly higher start for the Indian market. Among stocks in focus will be RIL, HDFC Bank, DLF among others. Catch Nandita Khemka in conversation with Rajesh Palviya, Senior Vice President Research (Head Technical & Derivatives ) at Axis Securities and Sandeep Bagla, CEO, TRUST Mutual Fund.
Indian equity market looked strong given the healthy recovery from 21-day EMA (exponential moving average) and continuation of higher highs formation for seven days in a row. 22,300 is expected to be an immediate hurdle for the Nifty50 on the higher side followed by 22,500 mark, while immediate support at 22,000 and crucial at 21,875, the low of February 22, experts said. On February 22, the benchmark BSE Sensex rallied 535 points to 73,158, while the Nifty 50 gained 163 points to end at a record closing high of 22,218. This morning global cues are extremely encouraging with Wall Street notching a fresh record after Nvidia’s stellar rally. The GIFT Nifty indicates new highs as it signals open above 22,300. Among stocks in focus will be Vodafone Idea, Angel One, IRCTC & Paytm and among others. Catch Nandita Khemka in conversation with Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One and Preeyam Tolia, Senior Research Analyst - FMCG & Retail, Axis Securities
Indian equity market snapped six-day uptrend and and experts feel there is a possibility of some profit booking as well as consolidation at higher levels. But given the continuation of higher highs, higher lows formation, overall the bulls are still in a healthy mood, who after this correction may lift Nifty 50 to new highs again. According to experts, the Nifty 50 may take a support at 21,750 level and on the higher side, in case of bounce back, it may face resistance at 22,300 mark. On February 21, the benchmark indices corrected for the first time in last seven consecutive sessions. The BSE Sensex fell 434 points to 72,623, while the Nifty 50 was down 142 points to 22,055. This morning global cues are mixed. Wall Street ended mixed after Fed minutes indicate caution about lowering interest rates too soon. The GIFT Nifty, however, is hinting at a positive start for the Indian market. Among stocks in focus will be Brigade Enterprises, Eureka Forbes and among others. Catch Nandita Khemka in conversation with Aditya Welekar, Senior Research Analyst, Axis Securities and Aamar Deo Singh-Sr Vice President, Angelone
Indian equity market hit a fresh high with the Nifty hitting the 22,200 mark for the first time amid fag-end buying. Experts feel that bulls have turned strong and may take the Nifty50 towards the 22,500 mark in the coming sessions provided it holds 22,200. Otherwise, there may be consolidation with support at 22,000. On February 20, the BSE Sensex jumped 349 points to 73,057 while the Nifty 50 rose 75 points to end at a record closing high of 22,197 continuing an uptrend for six days in a row. This morning global cues are subdued with Wall Street shutting in the negative zone ahead of the FOMC minutes. But the GIFT Nifty is indicating a higher start for the Indian market. Among stocks in focus will be Hindalco, Union Bank, Swan Energy and Devyani International among others. Catch Nandita Khemka in conversation with Hemen Kapadia, Senior VP-Institutional Equity, KR Choksey Securities and Dr Andrew Freris, CEO, Ecognosis Advisory.
Indian equity market hit an all-time high yesterday, gaining for a fifth straight day on the trot. Experts feel that consolidation or minor profit booking can't be ruled out in coming sessions before starting another leg of upward journey towards 22,500 mark on the Nifty 50. The 21,900-21,950 is expected to be a key support area to watch out for. On February 19, the BSE Sensex rallied 282 points to 72,708, while the Nifty 50 climbed 82 points to end at record closing high of 22,122. This morning the GIFT Nifty is hinting at a mildly higher start. Asia is mixed while Wall Street was shut overnight on account of President’s Day. Among stocks in focus will be Coal India, Whirlpool, MRPL, Balrampur Chini among others. Catch Nandita Khemka in conversation with Sacchitanand Uttekar, Vice President- Research (Derivatives And Technicals), TradeBulls Securities and Mayuresh Joshi, Head of Equity Research, William O’Neil India.
Indian equity market maintained an upward journey for four days in a row as bulls gained strength and brought the Nifty 50 very close to its previous record high of 22,127. Most of the experts expect the index to surpass the said record high in the coming sessions with resistance at 22,200-22,300 area despite consolidation. Experts believe 21,900-21,950 is likely to be immediate support for the index, followed by 21,750. On February 16, the BSE Sensex was up 376 points at 72,427, while the Nifty 50 rallied 130 points to 22,041. This morning global cues are mixed with Wall Street snapping a 5-week winning streak after hotter than expected Producer Price Index data. Asian markets are mixed but the GIFT Nifty is hinting at a dash at a new high for the Nifty. Among stocks in focus will be Paytm, Sula, Motilal Oswal, New India Assurance among others. Catch Nandita Khemka in conversation with Rajesh Palviya Of Axis Securities and Feroze Azeez, Deputy CEO of Anand Rathi Wealth.
The Nifty50 reached closer to the psychological mark of 22,000. If the index manages to close decisively above 21,950, the high seen in Thursday's trade, then the next immediate resistance is expected at 22,050 and then at 22,126, the record high, experts said, adding that the 21,800-21,750 zone is expected to act as immediate support for the index and 21,500 as a crucial support area. On February 16, the BSE Sensex jumped 228 points to 72,050, while the Nifty 50 rose 71 points to 21,911 and formed a Doji candlestick pattern on the daily charts as the closing was near opening levels, indicating the tug-of-war between bulls and bears for future market trend. This morning GIFT Nifty is hinting at a start above the 22,000 mark. Overnight on Wall Street S&P 500 notched a fresh record closing high. Meanwhile in Asia Nikkei is holding above 38,000 despite the Japanese economy slipping into a technical recession. Among stocks in focus will be Axis Bank, Yes Bank, Vedanta among others. Watch for Entero Health listing at 10 am. Catch Nandita Khemka in conversation with Raja Venkatraman, Co-Founder NeoTrader & Trading Influencer and Aman Soni, Head of Operations, Prudent Equity.
Indian equity market is poised for a higher open with the bulls gaining strength amid fag-end buying. The Nifty50 may extend its upward journey in the coming sessions. If the uptrend continues, then the index may face resistance at the psychological 22,000 mark, while the immediate support is expected to be at 21,700 and crucial support remains at 21,500 level, experts said. On February 14, the BSE Sensex rallied 268 points to 71,823, while the Nifty 50 recovered little more than 300 points from the day's low and ended with 97 points gains at 21,840. This morning global cues are also supportive with Wall Street staging a good rebound and Asian markets also trending higher in early trade. The GIFT Nifty is hinting at a dash at the psychological 22,000 mark. Among stocks in focus will be Vedanta, NMDC, Glenmark, Paytm among others. Catch Nandita Khemka in conversation with Kush Bohra, Founder, kushbohra.com and Deven Choksey, Managing Director, DRChoksey FinServ.
US markets took a sharp knock last night with the Dow Jones clocking its worst drop since March 2023 after US January CPI rises more than expected. Dollar index has jumped to s 3-month high while US 10 year yield has shot up past the 4.3% mark. Meanwhile Asian markets are edging lower amid weak cues from Wall Street and the GIFT Nifty is signalling a drop of over 200 points. Dalal Street braces for a gap down open on Valentine’s Day! Among stocks in focus will be Adani Group firms, IRCTC, BPCL, M&M among others. Catch Nandita Khemka in conversation with Geoffrey Dennis, Independent Emerging Markets Commentator and Hemen Kapadia, Senior Vice President, Institutional Equity, KR Choksey Shares & Securities.
Indian equity market continues to see profit booking but experts believe in case of further selling pressure, 21,500 is expected to act as an immediate support for the Nifty 50. On February 12, the BSE Sensex was down 523 points at 71,072, while the Nifty 50 fell 167 points to 21,616, due to selling pressure in the banking & financial services, metal, FMCG and oil & gas stocks. The major selling pressure was seen in broader markets as the Nifty Midcap 100 and Smallcap 100 indices were down 2.5 percent and 4 percent respectively. The increase in volatility above 16 mark also gave discomfort for bull. India VIX, the fear index, jumped 3.98 percent to 16.06, from 15.45 levels. This morning global cues are mixed with the Dow clocking a fresh record ahead of January CPI data and the Japanese Nikkei breaching the 37,000 mark to hit a fresh 34-year high. Meanwhile, Bitcoin surpassed the $50,000 mark for the first time in two years. The GIFT Nifty is hinting at a start above the 21,700 mark. Among stocks in focus will be Coal India, Hindalco, Eicher Motors. What should you do with PSU stocks after selloff? Catch Nandita Khemka in conversation with Sacchitanand Uttekar, Vice President- Research (Derivatives And Technicals) At TradeBulls Securities and Shrikant Chouhan, Head of Equity Research – Retail, Kotak Securities.
Indian equity market is expected to remain in a consolidative phase in the coming sessions with key support at 21,600-21,500 zone, while the hurdle on the higher side is expected to be at 22,050, the high of last week, experts said, adding if the index breaks the support, then selling pressure may extend further to 21,300 but surpassing the resistance (22,050) may take it to a new high. On February 9, the BSE Sensex rallied 167 points to 71,595, while the Nifty 50 rose 64 points to 21,783. The index also held 21-day EMA (exponential moving average 21,670), which can be an immediate support for the index. Meanwhile, the broader markets witnessed a sharp correction. The Nifty Midcap 100 index was down 0.89 percent and Nifty Smallcap 100 index fell 1.4 percent. This morning global cues are largely mixed after S&P 500 ended above the 5,000 level for the first time ever. The Gift Nifty is hinting at an open above the 21,900 mark. Among stocks in focus will be Hero Motocorp, ONGC, Aurobindo pharma and Coal India. Meanwhile shares of Apeejay Surrendra will list on the bourses today. We also have Peter Mcguire of XM Australia joining us in our studio for an outlook on where crude prices are headed amid the ongoing Red Sea tensions. Also joining us will be Rajesh Palviya, Axis Securities for chart checks and your stock related queries.
Indian equity market seems to be cautious ahead of RBI's monetary policy scheduled as the participants may be awaiting the commentary about the rate cut cycle and inflation and growth forecast. The Nifty50 made a healthy attempt on February 7 but failed to defend the 22,000 mark due to selling pressure in late morning deals and remained rangebound in the rest of the session. Hence, unless the index gives a strong closing above 21,970, the sustained uptrend towards a record high of 22,126 is unlikely in coming sessions, while the 21,750-21,700 is expected to be immediate support for the index, experts said. On January 7, the BSE Sensex was down 34 points at 72,152, while the Nifty 50 gained 1.1 points at 21,930.5. This morning global cues are sanguine with Wall Street clocking fresh record and GIFT Nifty hinting at a start above 22,000. Amng stocks in focus watch out for Tata Consumer, Power Grid, Mankind Pharma, Zomato & LIC. Catch Nandita Khemka in conversation with Sunil Subramaniam, MD and CEO, Sundaram Mutual and Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher. .
Indian equity market saw a healthy bounceback after a day of correction. The Nifty seems to be on positive footing amid positive global cues and as the GIFT Nifty indicates a reclaim of 22,100 mark. Experts feel 21,600-21,500 area will remain a crucial support zone for the index. On February 6, the BSE Sensex jumped 455 points to 72,186, while the Nifty 50 rose 158 points at 21,929. Among stocks in focus will be Britannia, Nykaa, Tata Consumer and also watch out for Paytm. Catch Nandita Khemka in conversation Market Expert Ajay Bagga and Hemen Kapadia, Senior VP-Institutional Equity, KR Choksey Securities.
Indian equity market is unlikely to see significant correction but the consolidation is expected to continue with support at the 21,500 mark and the hurdle on the higher side is at the 22,000 mark, experts said. On February 5, the benchmark indices had a positive trade since the opening but the bears turned active in the last hour of trade and pushed the market down. The BSE Sensex was down 354 points at 71,731, while the Nifty 50 declined 82 points to 21,772. The India VIX, the fear indicator, increased by 6.25 percent to 15.62, from 14.70 levels, indicating the volatility may increase. This morning global cues are mixed with Wall Street retreating from record. Asian markets are largely mixed after China tightens trading curbs on domestic as well as offshore investors. The Gift Nifty is hinting at a muted start for the Indian market. Stocks in focus will be Bharti Airtel, Britannia, Nykaa among others. Meanwhile MC Pro’s independent in-house research team has crafted the MC Pro Election 2024 portfolio to help subscribers ride on the economic opportunities on the back of 14 stocks. What’s the rationale behind handpicking these stocks and which themes are in focus? Catch Nandita Khemka in conversation with Moneycontrol Pro’s Madhuchanda Dey and Sacchitanand Uttekar, VP- Research (Derivatives And Technicals), TradeBulls Securities.
Benchmark Nifty 50 is expected to be volatile in coming sessions after hitting record high on February 2. According to experts, for further uptrend, the index has to give a strong closing above its new record high 22,134, otherwise till then, the volatility may sustain with support at 21,700, and 21,500 is expected to be key support. On February 2, the BSE Sensex rallied 440 points to close at 72,086, while the Nifty 50 surged more than 400 points intraday and hit a new record high, but lost 280 points from that high to settle with 156 points gains at 21,854. It was up 2.35% for the budget week. The broader markets also closed off day's high with the Nifty Midcap 100 and Smallcap 100 indices gaining 0.4% and nearly 1% respectively. This morning global cues are mixed with Wall Street notching fresh record on Friday and Asian markets giving mixed signals. The GIFT Nifty is indicating a start above the 21,900 mark. Catch Nandita Khemka in conversation with Pramod Gubbi, CFA & Co founder, Marcellus and Rajesh Palviya- Senior Vice President Research Head - Technical & Derivatives at Axis Securities.
Indian market is expected to remain rangebound in the coming sessions until the Nifty 50 takes out the immediate hurdle of 21,850 on the higher side, while the 21,500 is expected to be a support area. If the index manages to decisively surpass 21,850 (the lower end of opening downside gap of January 17), then the rally towards previous record high can't be ruled out in following sessions, experts said. On February 1, the Interim Budget as well as FOMC meet outcome remained non-event for the market and the benchmark indices ended moderately lower amid volatility. The BSE Sensex was down 107 points at 71,645, while the Nifty 50 fell 28 points to 21,697. This morning global cues are strong and GIFT Nifty is hinting at a positive start. Catch Nandita Khemka in conversation with Raja Venkatraman, Co-Founder NeoTrader & Trading Influencer and Raja Venkatraman, Co-Founder NeoTrader & Trading Influencer.
Indian equity market turned rangebound ahead of couple of key events like FOMC meet outcome and interim budget. Experts say the Nifty 50 may take support at 21,400-21,300 area in case of further correction and on the higher side, it may face resistance at 21,700-21,800 zone. On January 30, the BSE Sensex dropped 802 points to 71,140 points, while the Nifty 50 declined 216 points to 21,522, after hitting the hurdle of 21,800. The volatility climbed above 16 mark for the first time since March 16 last year, which seems to have created discomfort for bulls. The India VIX, a fear index, rose 3.65 percent to 16.10, from 15.68 level. Global cues are mixed this morning with the Gift Nifty hinting at a lower start. Among stocks in focus will be L&T, Dr Reddy’s, Maruti, Sun Pharma and PB Fintech. Catch Nandita Khemka in conversation with Kush Bohra ,Founder, kushbohra.com and Market Expert Anshul Saigal
Indian equity market kicked off the Budget week on a sanguine note with the Nifty ending above the 21,750 mark. The index seems to be surpassing 21,750 and is likely to march towards 21,850-21,900 levels given the momentum in coming sessions, with support at 21,600-21,500 levels, experts said. They added that the Bank Nifty seems to have bottomed out last week with a strong bounce from the 200-day EMA (exponential moving average). On January 29, the market started off the February series on a strong note as the Nifty50 jumped 385 points or 1.8 percent to 21,738 and formed a long bullish candlestick pattern on the daily charts, indicating the bullish reversal trend in the market. The BSE Sensex climbed 1.8 percent or 1,241 points to 71,942. The broader markets also joined the rally as the Nifty Midcap 100 and Smallcap 100 indices gained 1.6 percent and 1.5 percent, respectively, while the India VIX jumped 13.09 percent to 15.68 levels. This morning global cues are strong and th4e GIFT Nifty is hinting at another gap up start above the 21,900 mark. Lots of stocks in focus today including ITC, Bajaj Finance, RIL and L&T among others. Catch Nandita Khemka in conversation with Sacchitanand Uttekar, TradeBulls Securities and Dhiraj Relli, MD & CEO, HDFC Securities.
In the holiday-shortened week gone by, the BSE Sensex and Nifty 50 declined 1 percent each to end at 70,700 and 21,352, respectively. Amid mixed Q3 earnings, continued FII selling, interim Budget and first FOMC meeting in store for the coming week, the benchmark indices are likely to see a tough battle between bulls and bears. Last week, foreign institutional investors' continued to sell as a SEBI disclosure norm created short-term panic. However, sources at SEBI later clarified that there are no immediate deadlines to liquidate holdings. On the sectoral front, Nifty Media index shed 10 percent, Nifty Realty index down 4.5 percent, Nifty Bank index fell 2.6 percent and Nifty PSU Bank index down 2 percent. On the other hand, Nifty Pharma index up 1.7 percent. The biggest stock loser was Zee Entertainment Enterprises, down over 38 percent, as Sony called off $10-billion deal with the company. Nifty Midcap 100 fell 1.7 percent while Nifty Smallcap 100 fell 0.7 percent in the week gone by. This morning global cues are largely positive with the GIFT Nifty signalling a start around the 21,600 mark. Catch Nandita Khemka in conversation with Aamar Deo Singh Sr Vice President, Angelone and Amit Jain-Co founder, Ashika Global Family Office Services
Nifty 50 is expected to be choppy in the short term with crucial hurdle on the higher at 21,850 and the support at 21,300, the low of this month. Hence, if the index breaks either side of this range, then the directional move can be seen in coming days, experts said. On January 20, the additional trading session of the week, the BSE Sensex fell 260 points to 71,424, while the Nifty 50 was down 51 points to 21,572. The index was down 1.5 percent for the week. This morning global cues are extremely encouraging with Wall Street hitting a new high overnight and the GIFT Nifty indicating a gap up start above the 21,700 mark. Among stocks in focus will be ICICI Bank, Zee Entertainment, Persistent Systems & Coforge among others. Catch Nandita Khemka in conversation with Sacchitanand Uttekar Vice President- Research (Derivatives And Technicals) At TradeBulls Securities and Nirav R Karkera, Head Research, Fisdom.
The Nifty 50 started off the day on a strong note and remained rangebound with a positive bias throughout the session on January 19, wherein the 21,550 acted as a key support area. The index rebounded after three-day weakness, given the oversold condition, but experts feel the sell on rally strategy will be advisable till the index closes above 22,000 mark by filling the big downside gap created on Wednesday, and they expect 21,700 to be critical for further upside. The Nifty 50 opened the day higher at 21,615 and hit a day's high-low of 21,671-21,575 amid rangebound trade. It closed with 160 points gains at 21,622.Among stocks in focus will be RIL, HUL, ICICI Bank and Kotak Bank. Catch Nandita Khemka in conversation with Mayuresh Joshi, Head of Equity Research, William O’Neil India and Rohan Shah, Technical Analyst, Religare Broking.
Nifty 50 showed around 177 points recovery from day's low of around 21,286 and closed with half a percent loss on January 18. If the index recovers further, then 21,550 is expected to be an immediate resistance, followed by 21,650-21,700 levels, while the immediate support is likely to be at 21,400, followed by 21,300 mark, experts said. On January 18, the BSE Sensex declined 314 points to 71,187, while the Nifty 50 was down 110 points at 21,462 and formed High Wave kind of candlestick pattern on the daily charts, indicating the volatility. The midcap and smallcap indices recovered significantly from day’s low to end marginally in the red. This morning global cues are pointing to a positive start as the GIFT Nifty is above the 21,500 mark. Cues from both Wall Street and Asia are also positive. Among stocks in focus will be RIL, HUL, UltraTech, Polycab & a lot more. Catch Nandita Khemka in conversation with Raja Venkatraman, Co-Founder NeoTrader & Trading Influencer and Asutosh Mishra, Head – Research, Instl Equity at Ashika Stock Broking.
After a significant correction on January 17, experts expect the Nifty 50 to fall further in coming days and may take support at around 21,450, the low of current month. If the said level gets broken then 21,000 can be a possibility, whereas on the higher side, 21,650 is expected to be an immediate resistance, followed by 21,750-21,850 area, experts said. Bears were in full action on January 17, pulling down the benchmark indices by more than 2 percent, the biggest single day decline in last 19 months. Sharp sell-off in HDFC Bank post quarterly earnings and weak global cues weighed down on the sentiment. The BSE Sensex tanked 1,628 points or 2.23 percent to 71,501, while the Nifty 50 plunged 460 points to 21,572. This morning global cues are are looking bleak with the GIFT Nifty hinting at another 170 point cut on the Nifty. Wall Street saw a third straight day of losses as early rate cut hopes recede amid strong US retail sales data and commentary from Fed officials. Asian markets are largely lower. Meanwhile, HDFC Bank ADR extends slide, slumping another 9% overnight. Among stocks in focus will be LTIMindtree, IndusInd Bank, Polycab and NHPC. Catch Nandita Khemka in conversation with Nirav Harish Chheda, Assitant Vice President-Equity Derivatives & Technical Research- Retail, Nirmal Bang and Kunj Bansal of National Institute Of Securities Markets.
Indian equity market has retreated on profit taking and weak global cues. Experts expect consolidation and normal profit booking to continue in the index with immediate support at 21,900-21,800 and crucial support at 21,500 mark, given the recent rally towards a new high, whereas in case of rebound, the immediate hurdle is expected to be at 22,200 levels. On January 16, the benchmark indices snapped five-day gains. The BSE Sensex was down 199 points at 73,129, while the Nifty 50 fell 65 points to 22,032 and formed bearish candlestick pattern on the daily charts. This morning global cues are subdued with weak cues from Wall Street as comments from US Federal Reserve dashes hopes of early rate cut. The Gift Nifty is hinting at a start below the 22,000 mark. Nifty Bank will be in focus as HDFC Bank may weigh following a 7% slump in ADR overnight. Catch Nandita Khemka in conversation with Kaitav Shah, Lead BFSI Analyst, Anand Rathi Institutional Equities and Aamar Deo Singh, Senior Vice President, Angelone.