Here’s what Viral Chheda, Sr Technical Analyst, SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today.
Dollar steadies, yen pinned near 152
The yuan was steady after a private-sector survey showed that China’s services activity growth accelerated in March, in a sign sentiment was staging a tentative recovery in the world’s second-largest economy.
Taking Stock: Sensex, Nifty snap 3-day winning run; small, midcaps gain
Hero MotoCorp, HCL Technologies, Kotak Mahindra Bank, ICICI Bank and SBI Life Insurance were top Nifty losers. Gainers included Tata Consumers Products, MM, BPCL, Bajaj Auto and Adani PortsSensex snaps 3-day bull run; analysts expect Nifty to cross 22,900 in coming weeks
Analysts say the markets are on course of a bull trend, as most of the corrective action was over in the first quarter of this calendar yearMid-day Mood | Sensex, Nifty take a breather after 3-day rally; mid, smallcaps outperform
Weakness in the financial services and information technology sectors weighed on the Nifty and the Sensex. For the Nifty, support is at 22,400 and resistance at 22,550ETMarkets Smart Talk: We expect FY25 to be a year of consolidation for markets: Chandraprakash Padiyar
Chandraprakash Padiyar expects FY25 as a consolidation year for markets, emphasizing better risk-reward in banking and housing sectors. Valuations in mid-cap space are high, while small-cap offers more stock picking opportunities at reasonable valuations. Padiyar says: “We believe the banking sector along with housing related sectors have better risk-to-rewards in our markets for the foreseeable future.”
Dow, S&P close lower as manufacturing data lifts yields
The Nasdaq closed slightly higher, along with the S&P 500 technology sector. An index of semiconductors jumped 1.2%.
Announcements Updates: Announcement under Regulation 30 (LODR)-Press Release / Media Release
Smallcaps outperform Nifty, Sensex, analysts advise caution
Smallcaps and midcaps outperformed the benchmarks, with BSE smallcap and midcap indices rallying 3 percent and 1.6 percentTaking Stock: Sensex, Nifty hit new highs on Day 1 of FY25; realty, metals shine
The BSE midcap index rose 1.6 percent and the smallcap gained nearly 3 percent