Rally may extend to 11,500, stick to quality stocks

It can’t get better than this if you trade in equity markets. Three straight sessions of rallies put Nifty50 well above 11,300 and Sensex above 37,700. Despite muted global cues in the morning, bulls managed to charge ahead which led to a strong rally in banks, realty, and energy stocks. The S&P BSE Sensex closed…

ICICI Bank, RIL among 7 stocks that investors can buy after today#39;s rally

It was a terrific Tuesday for D-Street as Sensex rallied by nearly 500 points while Nifty50 reclaimed 11,300, registering a fresh 6-month closing high. Fireworks were seen in the banking space as NiftyBank hit a fresh record high of 28,488 led by gains in IndusInd Bank, ICICI Bank, HDFC Bank, Kotak Bank and Axis Bank….

Nifty, Sensex hits 2019 high; time to book profits or stay put?

Well, one thing is certain that there were no Monday blues on D-Street. Both Sensex, and Nifty recorded their highest level in 2019. The S&P BSE Sensex closed above 37000 for the first time since September 19, 2018, while Nifty50 reclaimed 11,100 levels for the first time since September 21. Anecdotal data suggests that except…

Elections and growth slowdown harry investors

Weighed down by muted global cues, both Nifty50 and Sensex managed to close above their crucial support levels. The Nifty50 closed above 11000 while Sensex held on to 36,650. On a weekly basis, Nifty50 closed with gains of 1.5 percent while the Sensex rallied over 600 points or 1.6 percent for the week ended 8…

Beaten down stocks could see double digit gains till elections

What a day for Indian markets as Nifty50 climbed 11,000 levels for the first time since February 2019, but experts feel that it might be too early to call this as a pre-election rally. The Nifty closed above its crucial 200-days moving average (DMA) placed at 10865 for the second consecutive day in a row….

A close above 11K could trigger short covering rally in Nifty

Indian markets witnessed a strong session despite muted global cues that suggest bulls are here to stay. The index not only reclaimed 10,900 but closed just a shade below 11,000. Positive services PMI data, rise in rupee boosted the sentiments. The broader markets continued their outperformance for the fourth straight session in a row. Traction was…

A close above 11K could trigger short covering rally in Nifty

Indian markets witnessed a strong session despite muted global cues that suggest bulls are here to stay. The index not only reclaimed 10,900 but closed just a shade below 11,000. Positive services PMI data, rise in rupee boosted the sentiments. The broader markets continued their outperformance for the fourth straight session in a row. Traction was…

Stability on geopolitical front will boost Nifty in March

TGIF! And why I say that is because the Indian markets managed to recoup losses and closed the week on a positive note. Sensex reclaimed 36K while the Nifty50 closed above 10850 levels. A series of domestic as well as global triggers kept equity markets across the globe on the edge. To start with we…