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[hfe_template id='11223'] [ad_1] Elevated levels of Dalal Street's fear gauge, India VIX, suggest that caution is still lurking and making it tougher for Nifty to zoom past 23,000, says Anand James, Chief Market Strategist, Geojit Financial Services. Edited excerpts from a chat: Nifty saw sharp swings on both sides last week as Trump’s tariff-related news flow made it tougher for traders to predict the direction. But given the fact that the trade war now appears to be limited between the US and China, notwithstanding the spillover effect, do you see a sustained rise in Nifty beyond 23,000? Indeed, a sense of relief, albeit brief, has replaced the utter panic that gripped global financial markets early last week. As more visibility has emerged in terms of worst-case scenarios of the trade war, global indices have begun to show signs of heading higher. That Nifty managed to keep overnight gains intact on Friday is a signal toward this end. However, the fact that VIX fe...

[hfe_template id='11223'] [ad_1] Banks are expected to report yet another muted quarter, with Q4FY25 earnings taking a hit due to slower-than-expected loan growth and pressure on net interest margins. While the 25 bps rate cut in the February monetary policy by the Reserve Bank of India (RBI) is expected to show its impact, another 25 bps cut announced on Wednesday could cause further setbacks going forward. The earnings season kicked off on Thursday with the announcement of the January–March quarter results by Tata Consultancy Services (TCS). Banks will begin their earnings announcements with HDFC Bank, scheduled to declare its results on April 19. While banks and financials have shown more resilience than other sectors over the past three months, and private banks have outperformed PSU banks, the investment strategy, according to InCred, should remain “selective and tactical.” Kotak Mahindra Bank and ICICI Bank are standout stocks that have delivered positive returns o...

[hfe_template id='11223'] [ad_1] The Q3FY25 earnings season has concluded, and as we have done previously, we will analyze the key trends and sectoral performance. This quarter presented a mixed performance, with some sectors continuing their growth momentum while others lagged. Nifty 50 posted a 7% YoY growth; however, PAT growth remained resilient at 16% YoY, highlighting expanding margins and improved profitability. Similar to the previous quarter, the pharma and realty sectors demonstrated strong performance, driven by robust demand and enhanced operational efficiencies. Meanwhile, sectors such as energy and infrastructure continued to face headwinds in income growth.Revenue growth remained below the average YoY compared to the past four quarters, reflecting a moderate slowdown in expansion. However, profitability remained strong, indicating that margin expansion helped offset the impact of slower revenue growth. ETMarkets.com For market participants, these trends pr...

[hfe_template id='11223'] [ad_1] The markets had a wide-ranging week once again; however, they ended near its high point this time. The Nifty had ranged sessions for four out of five days; the last trading day of the week saw the Nifty swinging wildly before closing near its high point. The trading range also remained wider; the Index oscillated 611 points over the past sessions. The volatility, though, took a back seat. The India VIX came off by 7.69% to 13.05 on a weekly basis. The Nifty closed a notch above its immediate resistance points; the headline index finished the week with a net weekly gain of 90.50 points (+0.37%). Agencies The week was set to end on a negative note had the markets not surged higher on Friday. From a technical perspective, Nifty has resisted the 100-DMA placed at 24709 over the past several days. Following a massive rebound that the Nifty witnessed from lower levels, the Index has closed a notch above this important resistance level. For this...

[hfe_template id='11223'] [ad_1] Indian headline equity indices Sensex and Nifty50 opened marginally higher on Thursday, tracking other global peers, after in-line US inflation data reinforced expectations of a Federal Reserve rate cut next week. The BSE Sensex was trading 116 points, or 0.14%, higher at 81,642. The Nifty50 was up 13 points, or 0.07%, trading at 24,659 around 9:27 am. Other Asian markets also ticked higher, with the MSCI Asia ex-Japan index gaining 0.4%. Meanwhile, most Wall Street equities closed higher overnight after data showed the U.S. consumer price index (CPI) rose 0.3% on a monthly basis and 2.7% on a yearly basis in November. The odds of a 25-basis-point Fed rate cut rose to about 99%, up from 89% a day ago, according to CME FedWatch. The Nifty IT index rose 0.83%, led by 1-2% gains in Tech Mahindra, Persistent Systems, Coforge, and Mphasis. Other major indices, including Nifty Bank and Nifty Financial Services, also opened higher. In contrast,...

[hfe_template id='11223'] [ad_1] The over-deviated markets continued to extend their losses for the fourth week in a row. Over the past five days, barring a few feeble attempts to stage a technical rebound, the Nifty remained largely under sustained selling pressure. The markets extended their downsides while giving up key supports on the daily charts. The trading range widened again; the Nifty oscillated in a wider 904-point range before ending with a decent cut. The volatility also spiked; the India Vix surged by another 12.23% to 14.63 on a weekly basis. Following a largely bearish setup throughout the week, the headline index closed with a net weekly loss of 673.25 points (-2.71%). ETMarkets.com The coming week is a truncated one; Friday is not a trading holiday but it will just have a very short, one-hour ceremonial Mahurat Session. Overall, the volumes are expected to remain low given the festive season. The Nifty has violated the 100-DMA on the daily chart which s...

[hfe_template id='11223'] [ad_1] The week that went by was in complete contrast to the week before as the markets heavily consolidated in a tight range. In the week before this one, the Nifty had seen a significant retracement of over 1167 points; however, over the past five trading days, the index stayed totally devoid of any directional bias and ended the week on a flat note. The volatility also tapered down; the India VIX came off by 6.42% to 13.22 on a weekly basis. The trading range also got much narrower; the index oscillated in a range of 539.70 points. Following some strong consolidation, the headline index closed flat with a minor weekly loss of 50.35 points (-0.20%). ETMarkets.com The coming weeks are crucial for the markets from a short-term perspective. The NIFTY Bank and FINNIFTY will cease to have weekly contracts beginning November 20 following the SEBI’s recent directives. It will be only NIFTY that shall have weekly contracts. This may keep the indices a...

[hfe_template id='11223'] [ad_1] While Nifty Bank has logged in double digit returns over the last 1 year, its performance against broader Nifty50 and its other sectoral peers remains subpar. With rising deposit cost and moderation in net interest margins (NIMs), experts remain wary of the pack, toning down their expectations from the sector that has the largest weight on the D-Street benchmarks. The 12-stock Nifty Bank has grown by 16% over a 1-year period versus Nifty's 29% in the same time. Realty towers over its other sectoral peers followed by power stocks. Nifty Realty's 1-year returns stand at 83% while BSE Power has yielded 79% returns. Others including Nifty IT, Nifty Pharma, Nifty Oil & Gas, Nifty Auto and Nifty Metal have risen between 36% and 75%. Meanwhile, BSE Cap Goods index has jumped by 59%. The index's underperformance is largely on the back of lackluster show by the private banks. In this, HDFC Bank has given returns of just 3% over a 1...

[hfe_template id='11223'] [ad_1] The NSE Indices Committee recently announced the September 2024 semi-annual reshuffle, affecting major indices such as the Nifty 50, Next 50, Nifty 100, and Nifty Bank. Effective September 30th, these adjustments are expected to significantly impact fund flows within the market. Two sectors, in particular, are poised for significant activity: retail and defense. In the Nifty 50, Trent and Bharat Electronics are set for inclusion. Meanwhile, Divis Labs, LTI Mindtree, Bharat Heavy Electricals, JSW Energy, Lodha, NHPC, and Union Bank are entering the Nifty Next 50. Conversely, Trent, Bharat Electronics, Colgate, SRF, Marico, SBI Card, and Berger Paints will exit the index. In the Nifty Bank index, Canara Bank will replace Bandhan Bank in a significant change. However, simply listing the entries and exits doesn’t capture the full impact. The real significance lies in understanding the resulting inflows and outflows of funds. Let’s explore thi...

[hfe_template id='11223'] [ad_1] PSU stock Canara Bank has entered the Nifty Bank index at the cost of Bandhan Bank as part of the semi-annual rejig. Canara Bank's average free-float market capitalisation stood at Rs 38,973 crore over six months as against Bandhan Bank's Rs 15,945 crore. With its inclusion, Canara Bank is expected to receive flows of $ 84 million whereas Bandhan Bank might witness outflows of $ 47 million, according to a note from JM Financial. The Index Maintenance Sub-Committee (Equity) of NSE Indices on Friday made the changes in the 12-stock index and the same will become effective from September 30, 2024, (close of September 27, 2024). Canara Bank has outperformed Nifty Bank over a one-year period delivering returns of 68% as against 14% given by the latter. In contrast, Bandhan Bank has seen its share price erode by 15% in the period. Changes have also been made to the headline Nifty50 index where Tata Group stock Trent and state-run Bharat...