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[hfe_template id='11223'] [ad_1] Though analysts anticipate continued volatility amid uncertainty over the Trump administration’s policies and the RBI’s monetary stance, technical charts indicate a breakout — an early sign of bottom formation with a bullish structure. According to technical analysts, stocks like Reliance Industries, Bajaj Finance, Kotak Mahindra Bank, Tata Consumer, Infosys, UBL, M&M, Eicher Motors, Titan, Havells, SBI Cards, Indian Hotels, Navin Fluorine, and Radico appear promising, with a potential upside of 5-10%. DHARMESH SHAH VICE PRESIDENT, HEAD OF TECHNICAL, ICICI SECURITIES Where is Nifty headed? Benchmarks snapped a three-week losing streak while overcoming volatility amidst budget, FII sell-off. Over the past three weeks, The index has undergone strong base formation at 23,400- 22,800. The breakout from this base formation coupled with the falling trendline breakout clearly indicates the end of the corrective phase in turn suggesting a re...

[hfe_template id='11223'] [ad_1] Beating LIC's mammoth IPO worth Rs 20,557 crore in May 2022, Korean car manufacturer Hyundai Motor India's IPO of Rs 27,856 crore will rewrite record books as India's largest public issue ever. But large sizes and returns don't go hand in hand most of the time. Out of the 6 mega IPOs worth at least Rs 10,000 crore seen on Dalal Street so far, 5 of them gave negative returns on listing. Not just that, IPO investors who have held on to the stock in hopes of a turnaround are still sitting on losses, according to data from Prime Database. LIC IPO in May 2022, which was subscribed 2 times, resulted in a 8% loss on listing day. Paytm's Rs 18,300 crore IPO, which was also the biggest issue that time, lost over 27% of its value on listing day. Even now, Paytm IPO investors are sitting at massive losses. General Insurance Corporation's Rs 11,257 crore IPO resulted in 4.5% loss on listing in October 2017. IPO investors are ...

[hfe_template id='11223'] [ad_1] "We see the risk of an imminent 5-10% correction in the headline indices, with bigger drawdowns in small and midcap stocks. Nifty valuations are stretched at 21.4x 1YF PER, and a positive budget is now in the price. There are no additional positive catalysts, as we expect a tepid 1QFY25 earnings season with rate cuts coming only at end-CY24," Seshadri Sen, Head Of Research, Emkay Global, said in a note to investors. He said a sell-off is likely to be led by Industrials (high valuations) and financials (most liquid), but durables like autos are vulnerable too. "The best places to hide are staples, energy, and technology, in that order. We remain constructive on India from a longer-term (>1 year) perspective, and would use a meaningful correction to increase exposure to the market," Sen said. In the Union Budget, which will be presented in the Parliament on Tuesday, Nirmala Sitharaman is widely expected to tread the p...