Tag: Sensex

  • 22 Sep

    Market Summary for September 22, 2023

    Indian equity markets closed in the green on September 22, 2023, supported by buying in select banking and automobile stocks. Sectors such as pharma, information technology, and metals were the major drags. Options data suggests a sideways to positive momentum in the near term.

  • 22 Sep

    Indian market drops on September 22 despite inclusion of Indian bonds in JP Morgan index

    Indian benchmark indices Sensex and Nifty fell for the fourth consecutive day on September 22, despite the inclusion of Indian bonds in the JP Morgan Government Bond Index-Emerging Markets (GBI-EM) global index suite from June 2024. The market is expected to remain volatile in the near term, with key support at 19,600 for Nifty.

  • 22 Sep

    Pharma Sector Sees Bearish Sentiment on September 22

    The pharmaceutical sector is experiencing bearish sentiment on September 22, with profit-booking pressure and short positions in several individual stocks, including Glenmark, Cipla, Alkem, and Dr Reddy's. Analysts believe that the Nifty Pharma Index could see further weakness if it breaks below the 14700-14800 support zone. On the other hand, Aurobindo Pharma is seen as a moderately bullish stock, with strong resistance at the 900 strike price and strong support at the 850 and 860 strike prices. Traders should be cautious and monitor the market closely for any further developments.

  • 21 Sep

    Themis Medicare stock hits lifetime high on record date announcement for stock split

    Shares of Themis Medicare, a smallcap pharma company, surged to a lifetime high on Thursday after the company fixed a record date for a stock split. The stock has surged 33% so far this year, as against a 10% gain in the S&P BSE Sensex. Themis Medicare specializes in the manufacture of a wide range of products for pain management, critical care, and anti-infectives. The company has a portfolio of over 30 products and is present in 17 states.

  • 21 Sep

    Indian markets fall for third straight day on September 21

    Indian stock markets fell for the third consecutive day on September 21, tracking weak global cues. The US Federal Reserve maintained the status quo in its policy meeting but indicated that interest rates will remain higher for longer. This led to selling by foreign institutional investors (FII) and elevated crude oil prices remained a concern. Broader market performed even worse than the benchmark indices. All sectoral indices, barring Nifty Media, closed in the red. Nifty PSU Bank was the biggest loser during the day, falling 2.28 percent. Analysts believe that the market may remain volatile in the near term due to factors such as the hawkish stance by the US Fed, rising oil prices and erratic rainfall. However, they advise investors to stay stock-specific with a focus on risk management.

  • 21 Sep

    Delphi World Money Shares Hit 10% Upper Circuit on Heavy Volumes

    Shares of Delphi World Money hit a 10 percent upper circuit on September 21 on the back of heavy volumes. The company's financial performance has been strong in recent quarters, with revenue and profit growing significantly. The stock has outperformed the benchmark Sensex on a year-to-date basis.

  • 20 Sep

    Satish Ramanathan, CIO-Equity at JM Financial Mutual Fund

    Ramanathan seems to be bullish on the Indian economy and the stock market in the medium to long term. He is particularly bullish on the textile sector and the EV chain. However, he is also cautious of the risks of a recession in the US and the impact of rising interest rates.

  • 19 Sep

    Market Summary for September 18, 2023

    The Indian stock market saw some profit-booking, but the overall sentiment remains positive. The Nifty50 index is expected to hold above 20,000 and the Bank Nifty index above 45,700. The PSU bank sector is expected to outperform. Investors can look to buy on dips in the Nifty50 and Bank Nifty indices, and in PSU bank stocks.

  • 18 Sep

    Indian Benchmark Indices End Lower on September 18, Market to Remain Shut on September 19

    The Indian benchmark indices ended lower on September 18, 2023, in a volatile session, tracking weak global cues. The market is expected to remain volatile in the near term, ahead of the outcome of the US Federal Reserve meeting on September 20, 2023. Investors are advised to be cautious and trade with a stop loss in place.

  • 18 Sep

    Indian Stock Markets to Remain Closed on Ganesh Chaturthi

    Indian equity indices continued their record run on September 15, with the Nifty crossing 20,200 for the first time. Analysts are optimistic about the outlook for Indian markets, given the firm global market cues and the anticipation of a halt in rate hikes by the US Federal Reserve.