Posts in category Economic Times
83% of PSU bank stocks nearing oversold region: Anand James, Geojit Financial Services (13-05-2024)
Anand Janes ssays SBI and Nifty PSU Bank Index are showing recovery signs, while the VIX rise could affect post-election Nifty mofvement. Paytm is hinting at possible upside. STLTECH and MARICO broke trend channels, indicating potential price increases. James further says that we are going to see a pullback in PSU bank stocks in the near term.
Bears growl! Sensex crashes 750 points, Nifty below 21,850 (13-05-2024)
Indian indices fell due to auto and IT stocks amid Lok Sabha elections. Sensex and Nifty down, India VIX surged. Top laggards include Tata Motors. Sun Pharma and HUL gained.
ETMarkets Fund Manager Talk: LIC MF’s Sumit Bhatnagar shares 3 investing themes for next decade (13-05-2024)
Sumit Bhatnagar says: "Power, defense and capex are structural themes that are expected to play out over the next decade. While the space has seen significant re-rating and a significant portion of returns are priced in, I believe these themes still appear attractive from a medium to long term perspective."
Tech picks: IDBI, Astral among 6 stocks to buy for robust returns in short term (13-05-2024)
6 stocks, including IDBI and Astral, identified for short-term gains amid market volatility and earnings focus. IDBI shows breakout, L&T tests moving average, RIL confirms buy signal with RSI momentum indicator.
We would keep 12-15% cash and wait for stocks that would outperform over next 12 months: Sandip Sabharwal (13-05-2024)
Sabharwal sees market correction due to weight, not elections. Global markets flourish, India shifts investments to China. Sabharwal says: "My base case is continuity and to that extent we would be more near 12% to 15% cash and waiting to buy into stocks and sectors which we think would offer outperformance potential over the next one year."
Stay light & keep some cash handy; buy only after the event is over: Anand Tandon (13-05-2024)
Anand Tandon provides insights on market dynamics, banking sector performance, consumer trends, and investment strategies amidst evolving economic landscapes and global uncertainties, suggesting cautious optimism and strategic planning for future opportunities.
These 6 F&O stocks saw a high increase in futures open interest (13-05-2024)
A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security.
No reason to panic regarding election outcome: Aashish Somaiyaa (13-05-2024)
Aashish Somaiyaa, CEO of White Oak Capital AMC, discusses market behavior amidst economic momentum and upcoming elections. He reflects on historical market reactions to changes in leadership, emphasizing the market's preference for continuity during strong economic momentum. Somaaiyaa also says he has never seen a bubble where Nifty CAGR across time horizons is 14-15% compounded.
Bullish Momentum: 5 stocks with White Marubozu Pattern on May 10 (13-05-2024)
A White Marubozu is a bullish candlestick pattern in technical analysis.
ETMarkets Smart Talk: Sensex could go past 80,000 if earnings compound by 12-13% in 2-3 years: Naveen Kulkarni (13-05-2024)
Naveen Kulkarni predicts market reaching 80,000 with robust corporate earnings. Quality largecaps, which have a higher weight in the index, are likely to perform well as the year passes. Global interest rates will decline while the US Fed remains cautious on inflation. Indian liquidity situatiom may improve. The Q4 earnings have been largely positive with no major surprises.