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[hfe_template id='11223'] [ad_1] After suffering a brutal selloff in the week before this one, the Nifty spent the truncated week struggling to stay afloat just below the key resistance levels. With just four working days, the Nifty resisted each day to the 200-DMA and failed to close above that point. The trading range got much narrower, and the Nifty oscillated in just 291.65 points before closing with a minor gain. The volatility also cooled off as compared to the previous week. Against the surge of 15.48%, this week saw India VIX declining by 12.17% to 13.24. Following strong consolidation, the headline index closed with a modest weekly gain of 225.90 points (+0.96%). ETMarkets.com From a technical perspective, we are now at a very crucial juncture. On the one hand, the Nifty has closed below the 200-DMA placed at 23,861. On the other hand, the Index is just above the 50-week MA at 23,568. Rounding off, this puts Nifty in a very fragile range of 23,860-23,500. The Ni...

[hfe_template id='11223'] [ad_1] After staying in the green following a sharp rebound the week before this one, the markets finally succumbed to selling pressure after failing to cross above crucial resistance levels. The Nifty stayed under strong selling pressure over the past five sessions and violated key support levels on the daily charts. The range remained wider on the anticipated lines; the Nifty traded in a wide 1,243-point range over the past days. Volatility shot up as well; the India VIX surged 15.48% higher to 15.07 on a weekly basis. Following a weak performance, the headline index closed with a weekly loss of 1,180.80 points (-4.77%). Over the past few days, the Nifty has shown many technical events highlighting the importance of some key levels. The index resisted the 100-DMA for several days and the 20-week MA for some time; this highlights the importance of these levels as key resistance points for the markets. In the process, the Nifty closed below the ...

[hfe_template id='11223'] [ad_1] Indian stock markets showed signs of recovery last week, with the broader indices bouncing in Friday's session to end the week on a positive note. However, bearish sentiment emerged from alleged fraudulent activities involving the Adani Group, and the negative flow of the FII in the cash segment with second-quarter corporate profits fell short of expectations. Last week, the sectors that ended in the green were realty, auto and consumer durables. In contrast, the media and financial services sectors ended the week in the red. In the derivatives market, the highest call open interest in Nifty was seen at strikes 24,000 and 23,900 while notable put open interest was seen at strikes 23,500 and 23,400. For Bank Nifty, the prominent call open interest was seen at the 52,000 and 51,500 strikes, whereas notable put open interest at the 51,000. Implied volatility (IV) on Nifty call options was 14.97% and on put options was 16.09%. India VIX, ...

[hfe_template id='11223'] [ad_1] 1 / 5 UBS on Indian markets, top sectors to watch out for In this interview with ETMarkets, Gautam Chhaochharia, Head of Global Markets, India at UBS, shares UBS’s nuanced outlook on the Indian market amidst ongoing global and domestic challenges. Despite recent corrections, he notes that valuations remain high, particularly in the small-cap space. UBS favors sectors like Utilities and Industrials, while adopting a cautious stance on Autos, Consumer Discretionary, and selective Financials and Pharma stocks due to specific growth and valuation concerns. India’s valuations, rich in comparison to other emerging markets (EMs), lead UBS to maintain an underweight position on Indian equities in the near term, even as long-term growth prospects remain strong. Edited Excerpts - Getty Images 2 / 5 Sector Strategy – Overweight and Underweight Picks Overweight Sectors: Utilities and Industrials – favored for stable growth potential. Underweight Sect...

[hfe_template id='11223'] [ad_1] Over the past five sessions, the Nifty largely consolidated but did so with a bearish undertone. The Nifty traded in a defined range and closed the week with a modest gain. Importantly, the index also stayed below its crucial resistance points. The volatility also expanded; the India VIX surged higher by 8.68% to 15.90 on a weekly basis. Given the ranged move by the markets, the trading range got narrower. The Nifty oscillated in a 363-point range; this was much less than the previous week. Following a largely consolidating but bearish setup, the headline index closed with a modest weekly gain of 123.55 points (+0.51%). ETMarkets.com It was a four-day trading week as Friday just had a short one-hour symbolic ceremonial Muhurat Trading session. In the week before this one, the Nifty had breached and closed well below the 100-DMA which currently stands at 24669. The Index has also violated the 20-week MA placed at 24744. This makes the zone...

[hfe_template id='11223'] [ad_1] Tensions in the middle east and FII outflows hit Indian markets hard as indices corrected over 4% during the week. The decline was broad-based with sectors like auto, banks, infra, and energy witnessing heavy selling pressure. The bearish sentiments in the market resulted in the sharp fall of smallcap stocks as only 14 stocks delivered double-digit returns the week. No smallcap has offered returns over 20% with the highest return being 19.8% by Hercules Hoists. It is closely followed by Anup Engineering at 19.65% and ITD Cementation at 18.9%. Meanwhile, over 700 stocks in the smallcap segment slipped into red with 11 of them correcting in double-digits. Kamdhenu Ventures, Opitemus Infracom, Sterling and Wilson were the top losers up to 41% in the week. In the midcap segment, there were no stocks which gained in double-digits. Whirlpool, Petronet LNG, Bayer CropScience and a few others bucked the trend and rose over 5% Among the Sensex pac...

[hfe_template id='11223'] [ad_1] Indian markets experienced selling pressure throughout the week amid muted global sentiments and profit taking in overheated segments at higher levels. During the week, about 45 smallcap stocks have delivered double digit weekly returns with four of them offering over 25% returns. Rama Steel Tubes was the top gainer in the smallcap pack with nearly 60% return, followed by Refex Industries (32.3%), Kitex Garments (27%), and 63 Moons Technologies (26%). About four stocks including SP Apparels, Geojit Financial Services, Jai Balaji Industries and Global Surfaces have offered returns between 20-25% during the week. In the midcap segment, only two stocks including Gujarat Fluorochemicals and Godrej Industries among others have risen in double digits. While Gujarat Fluorochemicals has gained 20%, Godrej Industries is up about 19%.Among the Sensex pack, Asian Paints topped the charts with 4.7% returns, followed by Bajaj Finserv at 4.17% and Tita...

[hfe_template id='11223'] [ad_1] Indian markets experienced a marginal recovery from the uncertainties arising from concerns about the unwinding of carry trades, driven by the Yen's rapid appreciation and weak macroeconomic data that fuelled recession fears in the US. However, indices closed the week in red, losing over 1% each. During the week, only 30 smallcap companies offered double-digit returns with Century Enka the top gainer (35%), followed by Authum Investment (34.19%), Symphony (33.53%), and Garware Hi-Tech (26%). About 5 stocks including Edelweiss Financial Services, BASF India, Venky's, Oswal Greentech among others have offered returns between 20-25%. In the midcap segment, only one stock Trent rose in double digits with a gain of 13.37%. Among the Sensex pack, Hindustan Unilever (HUL) topped the charts with 2.05% returns, followed by ITC at 1.32% and Tech Mahindra at -0.26%. What should investors do? Analysts said the domestic valuations are not chea...

[hfe_template id='11223'] [ad_1] After rising 2% last week despite mixed signals from the global market, Nifty may hold the 23,400-23,700 zone in case of profit-taking, while eyeing levels above 24,500. Global cues, especially from the US, indicate a supportive outlook, with major indices continuing their upward trend despite intermittent consolidation. "Investor attention was predominantly on large-cap stocks, resulting in underperformance of mid and small-cap segments. The IT sector especially showed notable recovery along with private banks which outperformed public sector banks in the banking segment," said Vinod Nair of Geojit Financial Services. Here are key factors that would determine Nifty's trajectory this week: 1) FII flows Market data shows foreign investors bought Indian stocks worth over Rs 26,500 crore in June. "It appears that FPIs have realised that selling in the most performing market would be a wrong strategy. FPI buying can sustain...