SBI SECURITIES
UBI might not be as much a burden on the taxpayer as it might seem
The Union Cabinet has approved a universal health coverage scheme for those above 70 under Ayushman Bharat PM Jan Arogya Yojana. This initiative aims to address the healthcare needs of an ageing population. Policymakers are also considering a universal basic insurance scheme to provide financial security and dignity for millions living near the poverty line.
India's market watchdog Sebi needs stricter controls amid charges against Madhabi Puri
Sebi Madhabi Puri row: The credibility crisis at the Securities and Exchange Board of India (SEBI) persists as Chair Madhabi Puri Buch faces scrutiny over potential conflicts of interest. Allegations from the Congress Party and Hindenburg Research raise questions about her financial dealings and past investments, prompting calls for stricter financial controls and transparency within SEBI.
F&O Stock Strategy: How to trade Tata Power and Bharti Airtel
Tata Power shares experienced a significant upward rally on Tuesday, surging by 6.58%. This move pushed the stock above its previous swing high, suggesting a potential shift in momentum. The rally was marked by strong buying interest, as reflected in the trading volume. While the 50-day average volume stands at 1.35 million shares, Tuesday's session saw a remarkable volume of 3.97 million shares, indicating heightened participation from market participants.
Kross IPO subscribed 2.56 times on Day 2. Check GMP, other details
The highest demand for Kross IPO was driven by the retail investors, booking the issue by 3.87 times, followed by the non-institutional investors, subscribing to the issue by 2.87 times. The portion for qualified institutional buyers merely attracted 2% subscription.
Kross IPO opens: Should you subscribe to this Rs 500 crore issue?
Kross IPO: Kross, a Jamshedpur-based company, is launching its Rs 500 crore IPO from Monday to September 11. The IPO includes a fresh equity sale and an offer for sale by promoters. The price band is set at Rs 228-240 per share. Proceeds will be used for debt repayment and growth funding.
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F&O Talk| Nifty faces reversal signals and weaker breadth, key support at 24,500-24,400: Sudeep Shah of SBI Securities
The 50 component index Nifty 50 as well Sensex closed nearly 1.2% lower today. The former closed 293 points lower at 24,852 while the latter dipped by 1,017 points to 81,184.
3 top stock recommendations from Rajesh Palviya for next week
Looking at the near-term structure, if we sustain below to 25,000 level, yes, possibly we could see furthermore supply pressure in the continuation of this down move.
Buy State Bank of India, target price Rs 1030: Axis Securities
State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 736102.03 Crore).
2 top stock recommendations from Sudeep Shah
So, if we just have to come down to a number on Nifty, then yes 25,100 will now be that number that I will be watching out for on the downside as an important support and till this zone is held. Upside up to 25,430, 25,500 cannot be ruled out in the next few sessions.
Stocks to buy today: SBI, Britannia among top 6 trading ideas for 3 September 2024
The Indian market is expected to consolidate on Tuesday following mixed global cues. The Nifty futures closed with minor losses, and volatility increased. Analysts suggest a trading range between 24,900 to 25,800 levels for the Nifty index. Several stocks are recommended for short-term trading with specific targets and stop losses.
Nifty eyeing 26,000 in short term, bet on these 3 stocks for the week: Rupak De
The September series began on a positive note, with the index hitting an all-time high, fueled by improved sentiment around Indian equities. The recent swing high breakout suggests continued strength if the index remains above 25,000. A fall below this level could lead to a significant correction. In the short term, optimism may drive the index towards 25,500–26,000.
F&O Talk: IT, pharma technically well placed, may contribute to Nifty’s upmove, says Sudeep Shah of SBI Securities
"In August, Nifty experienced significant volatility, with 12 trading sessions opening either with a major upside or downside gap. Throughout the month, it has fluctuated over a 1,300-point range, underscoring the heightened market volatility. Despite this, the index reached new all-time highs and closed the month above the significant psychological level of 25,200."
SBI has no intention of getting into a deposit rate war: Chairman CS Setty
State Bank of India (SBI) Chairman CS Setty stated that the bank will not engage in a rate war on deposits, relying instead on their strong deposit base and service quality to fund credit growth. SBI anticipates a 14% to 16% credit growth and minor adjustments in deposit rates, especially in one- to two-year buckets.
Best gilt mutual funds to invest in August 2024
Gilt funds are not recommended to regular debt investors because they are risky and volatile. Gilt funds suffer the most when the rates go up. The bond prices and yields move in opposite directions. When the rates go up, bond prices come down. This drags down the NAVs of schemes.
F&O Talk | Nifty can scale a new peak, go for bull spread: Sudeep Shah of SBI Securities
“Markets have demonstrated remarkable resilience, with each dip being met with buying interest. Geopolitical tensions and concerns about the Yen carry trade have eased somewhat, contributing to a global market rebound. The overall setup is bullish with Nifty forming a Higher-top Higher-bottom pattern for the past 3 weeks. If Nifty surpasses 24,940, it could potentially advance towards 25,150-25,200 levels in the short term.”
Sebi board likely to have new faces as Anshuman, Govil exit
Sebi's board saw changes with V Ravi Anshuman and Manoj Govil exiting, the latter being replaced by Deepti Gaur Mukerjee. Also, Sebi's chief, Madhabi Puri Buch, faced allegations linked to the Adani Group by Hindenburg Research. The board will soon discuss these allegations at an upcoming meeting.
F&O Talk | Nifty Bank can rally up to 52,300 in short-term, hurdle at 50,800-50,900: Sudeep Shah of SBI Securities
Shah stated that the zone of 50,800-50,900 would be the immediate hurdle for the index as the 20- and 50-day EMA were placed in that region. He further added that any sustainable move above the level of 50,900 would lead to a sharp upside rally up to the level of 51,700, followed by 52,300 in the short term.
F&O Talk| Nifty still outperforming global peers, eyes key 24,700 level for breakout: Sudeep Shah of SBI Securities
The second half of the week was volatile and a fresh buying emerged towards the latter part of the week, primarily on Friday.
F&O Talk: Healthy correction on cards for Nifty, paving way for next upmove, says Sudeep Shah of SBI Securities
On Friday, the Nifty gapped down and closed 293 points lower after hitting a new all-time high, ending at 24,717.70, a 1.2% decline. The Bank Nifty also underperformed, closing 214 points lower at 51,350.15, or 0.41% down.
F&O Talk: Nifty, Bank Nifty to head for consolidation in near term, broad outlook still bullish, says Sahaj Agarwal of Kotak Securities
The 25,000 level is significant given the events and volatility of recent months and weeks. The markets are currently in a euphoric phase, and it’s beneficial to ride the momentum while it lasts. However, some global factors suggest a need for caution, making level-based trading crucial, says Sahaj Agarwal.
F&O Talk| Nifty Bank may witness pullback rally if it stays above 50,400: Sudeep Shah of SBI Securities
Analyst Sudeep Shah, Deputy Vice President and Head of Technical & Derivatives Research, SBI Securities interacted with ET Markets regarding the outlook on Nifty and Bank Nifty along with an index strategy for the upcoming week.
F&O Talk| Nifty charts don't indicate weakness, prefer Bull Call Spread: Sudeep Shah of SBI Securities
The week broadly witnessed a range bound movement for both the indices but the prices are comfortably placed above the 10 day EMAs on a weekly time frame. The 50 component Nifty index ended Friday with gains of 0.8% or 186 points at 24,502 while Bank Nifty closed flat with a gain of 0.02% or 8 points at 52,278.
F&O Talk | Sector rotation propelling markets to a new high: Sudeep Shah of SBI Securities
Market analysts predict continued bullish momentum for Indian equity indices. Traders advised to focus on sectors like IT, Pharma, and Defense for potential gains. HDFC Bank's fluctuating performance raises concerns. Excitement builds up for the upcoming budget as Railways and Defence sectors show strong bullish momentum. ONGC and Lupin identified as promising stocks for potential trading opportunities.
F&O Talk | Caution suggested amid record highs, focus on value opportunities: Sahaj Agarwal of Kotak Securities
The Indian equity market witnessed a positive week as both the Nifty 50 and Bank Nifty indices ended in the green. The Nifty 50 gained 1.3% to close at 24,323, while the Bank Nifty rallied 0.61% to settle at 52,660.
F&O Talk | Deploy bull spread in Nifty as FIIs highly net long: Sudeep Shah of SBI Securities
Nifty is sustaining nearly 300 points above its 10 day exponential moving average while Bank Nifty is trading close to 550 points above the same on daily charts.
F&O Talk| Expect consolidation breakout in Nifty above 23,500, buy on dips: Sudeep Shah of SBI Securities
The post-election rally has taken everyone by surprise and both indices now are currently sustaining well above their short-term moving averages after testing their 200 day moving averages.
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