Ashish Chaturmohta, Fund Manager at JM Financial Services, predicts that the Nifty50 will reach 20,570 in the near term and 21,100 in the medium term. He emphasizes that India is currently the best performing emerging market and that valuations will continue to be expensive. Chaturmohta also highlights the potential of small and midcap stocks, cautioning investors to be selective in their investments.
At multi-year highs: Larsen & Toubro among 4 stocks that saw 5-year swing high breakout
Taking Stock: Last-hour selling pushes Nifty below 19,550, Sensex down 610 points
All sectoral indices end lower, led by Nifty IT which slumped over 2 percent. Media, FMCG, auto and consumer durables were down over a percent eachNifty tanks almost 1% on FO expiry; Auto, IT stocks drag
The strong dollar index, spiking bond yields and Brent crude surging over $97 are acting as strong headwinds, affecting the market sentiment.20K again on Nifty next week; 5 stocks we will continue to buy for next 10 days: Sanjiv Bhasin
Sanjiv Bhasibelieves that Dixon has already seen a significant increase in price, but the shift towards electronic manufacturing services is still favorable in the long-term. Regarding Avenue Supermarts, Bhasin thinks Trent is a better investment than DMart. He also mentions the potential for gains in Reliance Industries due to record retail sales and increased demand for distillate OTC chemicals.
ETMarkets Smart Talk: We are hoping that 2024 will be a breakout year for India in terms of flows: Harendra Kumar
“We hope 2024 is going be a breakthrough year for India in terms of capital inflows. There is more money waiting to enter India than to leave, despite the presence of macro headwinds. The small and mid-cap sectors will continue to rally, while the crude oil prices are unlikely to rise significantly.”
Uday Kotak says Lehman & IL&FS crises have lessons for China’s Evergrande
On Thursday, trading in shares of China Evergrande were suspended after a report that its chairman had been placed under police surveillance, stoking concerns over the developer’s future as it struggles with a growing threat of liquidation, Reuters reported.
Why Indian market is holding up better than global peers? S Naren explains
The veteran investor is bullish on the auto sector but remains cautious of hindrances such as technology changes and the lack of growth in the two-wheeler industryTaking Stock: Bulls back in action; Sensex rises 173 points, Nifty above 19,700
Major gainers on the Nifty were Coal India, ITC, Larsen Toubro, Cipla and LTIMindtree, while losers were Titan Company, Grasim Industries, Hero MotoCorp, SBI and BPCLThe Smallcap Euphoria: What to expect
The smallcap index is up 41.7 percent since the March end, against the Nifty#39;s 17 percent and NSE 500#39;s 21.5 percent gains