Higher lows indicate limited downside for Nifty: Rohit Srivastava

Despite rising geopolitical tensions and continued uncertainty around global rates, market participants may be reading too much into the apparent weakness of major indices, said Rohit Srivastava, founder of Strike Money Analytics & Indiacharts. While the Nifty has fallen below recent record highs and Bank Nifty has retreated above the 60,000 mark, Srivastava believes the […]

Market Wrap: Sensex 376 points, Nifty below 26,200 as HDFC Bank, Reliance Dalal Street drags lower

Indian shares closed lower on Tuesday, with the Sensex and Nifty retreating from record levels after heavyweight stocks HDFC Bank and Reliance Industries weighed on benchmarks and investors booked profits after a recent rally.The BSE Sensex fell 376.28 points, or 0.44%, to close at 85,063.34, while the NSE Nifty 50 fell 71.6 points, or 0.27%, […]

Helpful correction looks healthy, 26,100 key support; Bank Nifty Likely to Outperform: Vinay Rajani

Indian equity benchmarks witnessed mild selling pressure after hitting record highs earlier this week, but the broader trend remains constructive, said Vinay Rajani, AVP and Senior Technical & Derivative Analyst at HDFC Securities.Speaking to ET Now, Rajani said the Nifty’s recent decline is an ‘ongoing correction’ rather than a trend reversal. Despite falling over 200 […]

Credit growth in Q3 signals economic recovery and still favors bigger banks like Axis, Kotak, ICICI, SBI: Sandip Sabharwal

According to Sandip Sabharwal, founder of askandipsabharwal.com, the strong credit growth reported by leading banks in the December quarter points to an improving economic cycle, even as select consumer and retail sectors face challenges in the near term.Speaking to ET Now, Sabharwal said double-digit loan growth at most major banks reflects rising economic activity after […]

Devina Mehra warns against chasing small caps and calls them a stock-specific play

Indian equity markets may not have posted outsized gains over the past year, but benchmark indices have shown resilience despite a challenging global and domestic environment. The Nifty has returned almost 10% on a total return basis in the past year, a performance that seems reasonable given the volatility that investors have faced. However, beneath […]