STOCKS IN BEAR GRIP
Banks, financial stocks suffer Rs 15,000 crore shock from FIIs. Should you go against the wind?
In the first half of August, foreign institutional investors withdrew Rs 14,790 crore from financial stocks due to concerns about Fed rate cuts. They invested in healthcare, FMCG, and consumer services instead. Experts suggest these financial stocks now offer good value, with larger banks like ICICI, Axis, and SBI being top picks for stable returns.
30 defence, other PSU stocks in bear grip. Will the multibagger magic end?
After a robust performance, 30 PSU stocks have entered the bear market, prompting mutual funds and FIIs to reduce stakes. Despite strong government reforms bolstering these stocks, experts indicate current valuations are high and a correction period may be necessary. PSUs with high capital efficiency may continue to attract investors.
Budget bombshells: 3 nightmares that stock investors fear from Nirmala Sitharaman’s speech
Budget 2024: Nirmala Sitharaman’s Budget must balance welfare and capex amid coalition politics. Risks are capital gains tax hike, populist measures, and STT increases on equity sales and F&O. High Sensex, Nifty raise RBI, Sebi concerns. Robust GST, RBI dividend, asset monetisation help. Economic Survey critiques speculation. SAMCO, Bajaj, Windmill highlight volatility risks.
Stock Radar: Multibagger in a year! This lubricant stock forms Rounding Bottom formation; what should investors do?
Tide Water Oil (India) Ltd. stock surged 123% over a year, breaking out from a Rounding Bottom pattern on weekly charts. Analyst set a target price of Rs 2,800 with a stop loss at Rs 1,800. The stock is above 21, 50, 100 WEMA, tracked by RSI above 70, and daily MACD.
Stock Radar: Contra buy? This private sector bank is down over 20% from highs
The bank stock soared to a 52-week high of Rs 263 in January 2024 but then tumbled over 22%, closing at Rs 204 in July. Despite briefly dipping to Rs 170 in April, the stock rebounded and now sits above its 50-day moving average.
Gold rush grips Asia despite near-record prices
Gold demand in Asia is increasing despite near-record high prices, driven by geopolitical and economic uncertainty. Spot gold trades over $2,300 per ounce, up 12% year-to-date, and 6% below the record high. Lower confidence in real estate and equities also fuels the demand.
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Lower face value to enable more retail investors bond with the best corporates
The Securities and Exchange Board of India (Sebi) last week decided to lower the face value of listed bonds to ₹10,000, from ₹1 lakh. The regulator had in 2022 reduced the face value of such securities to ₹1 lakh from ₹10 lakh.
Rakshit Ranjan explains why Marcellus made a new addition in Rising Giant portfolio, added to another in Little Champs
Rakshit Ranjan explains why Marcellus has added a ball bearing company and added more to a pipe company in the Risiging Giant portfolio. He also discusses the China plus one story playing out in the chemical space. Talks about the potential for normal growth rates, stock specific opportunities, and the benefits in the ball bearings, pipe, and cement sheets industries.
Surge in demand for saffron flags bearing images of Lord Ram and Ayodhya temple
As the consecration ceremony of the Ram temple in Ayodhya approaches, the demand for saffron flags bearing images of Lord Ram, Lord Hanuman, and the upcoming temple has increased significantly. Devotees are arriving early to have a darshan of Ram Lalla and are purchasing these flags, along with other merchandise featuring Lord Ram's name and images. The demand for saffron flags has been rising since the 2019 Supreme Court verdict, but there has been a fresh surge due to the upcoming Pran Pratishtha ceremony.
D-St investors lose nearly Rs 9 lakh crore in today's market mayhem
Among the Sensex firms, Tata Steel fell the most by 4.21 per cent. NTPC, Tata Motors, HCL Technologies, Mahindra & Mahindra, State Bank of India, Power Grid, Tech Mahindra, Larsen & Toubro and JSW Steel also declined
Nifty options strategy: As bears tighten grip, what should you do on F&O expiry?
The Nifty October series rollover currently stands at 62.96% while the open interest-wise put-call ratio (PCR) stands at 0.56 for the October monthly series, which indicates a flat-to-bearish bias for the monthly expiry.
Number of smallcap gainers fall further this week as bearish trend grips markets
The number of smallcap stocks which delivered double-digit gains during the week further fell to just 22. In the previous week, about 40 stocks had seen a double-digit rally, which too was a drop from about 100 double-digit gainers in the preceding week. Only three smallcap stocks have offered returns over 25% in this week. Further, about three of them rallied between 20-25%.
Bears gatecrash D-Street party! What's next as Sensex tanks 2K pts in less than a month
Sensex’s non-stop run northwards since March saw the 30-stock index rally close to 15% and hit a lifetime high of 67,619.20 points on July 20. This rally was backed by strong inflows of nearly $19 billion from foreign institutional investors, and steady inflows from domestic institutional investors.
Chart Check: UPL in bear grip! After 25% fall from highs, should you sell the stock?
The stock hit a 52-week high of Rs 807 on 5th December 2022, but it failed to hold on to the momentum. It closed at Rs 604 on 8th August 2023 which translates into a fall of over 25%.
Chart Check: Down 40% from highs, this specialty chemical stock in bear grip; time to sell?
The stock also closed below the lower Bollinger Band on the daily charts, which suggests weakness. Traders should avoid catching the falling knife and look to sell the stock for a downside target between Rs 300-400, suggest experts.
Adani stocks: NSE index rejig lifts Adani Power; other group stocks remain in bear grip
Realising the severity of the hit to its image, Adani Group has brought in Kekst CNC as a global communications advisor, according to Bloomberg News. The public relations firm co-headquartered in New York and Munich, is known for its work with other corporate blow-ups in recent years.
As bears grip Sensex, bulls ride on smallcaps; 61 stocks give double-digit weekly returns
Analysts remain broadly positive on the capital goods space as higher spending by the government will drive orders and boost revenue visibility for the companies in this sector.
Bottom fishing? Mutual funds lapped up 7 stocks in bear grip in December
It seems the institutions are trying to bring their average price down as most of the stocks they have been buying have been underperformers and more importantly, the outlook does not give many reasons for a fresh buy, independent market expert Ambareesh Baliga told ETMarkets.com.
Bears tighten grip on Dalal Street! Nifty cracks below 16,900, Sensex falls 509 points
The US 10-year Treasury yield hit the 4 per cent mark before easing a bit while the US Dollar index touched a new multi-year high of 114.78. The rupee hit a record low of 81.94 against the greenback.
Down over 39% from recent highs! This midcap stock in bear grip could reverse trend
However, Yes Securities also expects the power cost to remain elevated in H1FY23 and will continue to pose challenges, but gradual moderation is expected from H2FY23 onwards. Most of the new capacities for the sector will be commissioned in the Eastern region, hence cement prices & demand sustenance will be the key monitorable.
This ICICI Group stock in bear grip could soon stage a turnaround
Motilal Oswal highlighted that the stock has corrected by 31 per cent over the past 18 months, even as Nifty50 remained flat. The steep correction has been on account of a shift in the management’s focus to growth from profitability earlier and an expected reduction in ICICI Bank's stake to sub-30 per cent levels by September 2023 as per RBI regulations from 48 per cent at present.
88% BSE listed stocks in bear grip. One of every fourth down over 50%!
As many as 110 of the stocks are linked directly to agri commodities, such as sugar, rubber, tea and coffee, the sector classification suggests. This excludes 114 stocks from the FMCG sector.
Over 95% upside potential! This smallcap stock in bear grip could reverse trend
HG Infra Engineering won orders worth Rs 2,180 crore and Rs 4,330 crore during FY21 and FY22, respectively. The current order book of Rs 7,970 crore provides visibility for 2.2x TTM revenue, it said.Axis Capital sees order inflow in the range of Rs 9,000-10,000 crore in FY23 with EBITDA margins in the range of 15.5-16 per cent.
Over 70% upside potential! This smallcap stock in bear grip could reverse trend
With a market capitalisation of more than Rs 3,400 crore, the shares are trading above the short-term moving averages of 5, 10, 20-DMAs but below 50, 100, 200-DMAs.
In bear grip! This Nifty50 stock is unlikely to regain lost colour
Asian Paints has a market share of over 50 per cent in the decorative paints segment. The stock has always enjoyed premium valuations given its market leadership, pricing power and strong sales network. Even after the recent slide, analysts see little room for upside.
80% of BSE500 stocks in bear grip; 40 firms erase half of investor wealth
According to the data from Ace Equity, as many as 400 stocks from the BSE500 index have tumbled between 20-76 per cent from their respective 52-week highs. BSE500 index constitutes about 95 per cent of the total market capitalization of BSE.
Bears tighten grip on mid- & small-caps
A technical rebound might be on the cards but this will be a year of challenges for shares of smaller companies after two years of strong returns driven by the liquidity rush from retail investors looking to make the most of the market rally that extended from March 2020 to October last year, said analysts. They recommend against buying most mid- and small-cap shares afresh unless they are willing to hold them for at least three years.
Midcap, smallcap indices enter bear grip! More pain in the offing?
Data showed the BSE Midcap index hit a low of 21,757.60 level in Wednesday's trade, which was 20.14 per cent below its 27,246.34 level touched on October 19, 2021. The BSE Smallcap index on the hand hit a low of 25,028.35, which was 20 per cent lower than 31,304.44, the high it hit on October 18, 2021.
Liquidity tightens, so does the bear grip
Though analysts said the markets might be oversold at current levels, continued risk aversion on account of relentless foreign selling, elevated oil prices and prospects of earnings downgrades could put a cap on gains.
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