[ad_1] Lots of positives to take for the Nifty bulls from the mid-week trading session on Wednesday. For starters, the index ended a record 10-day losing streak, and convincingly at that. Tariff worries were put to rest, at least for the day. Most index constituents participated in the upmove and most importantly, the advance-decline was […]
Stock Market Crash: A chartist sees Nifty downside capped at these levels – CNBC TV18
[ad_1] Rohit Srivastava of Indiacharts believes that the Nifty downside will be capped at 22,000 level and he does not expect a break of this level. The Nifty 50 index has declined nearly 2% or over 400 points on Friday, February 28, extending their fall from the September 2024-peak to nearly 16%. In an interaction […]
Nifty target cut by Prabhudas Lilladher to below 26,000, highlights key long-term themes – CNBC TV18
[ad_1] Domestic brokerage firm Prabhudas Lilladher has cut its base case Nifty 50 target by nearly 6% to 25,689 from 27,172 earlier. It has also cut Nifty’s Earnings Per Share (EPS) estimates by 0.8%, 2% and 2.6% for financial year 2025, 2026 and 2027 respectively. “We recommend selective buying for long-term gains,” Prabhudas Lilladher said […]
Citigroup upgrades Indian stocks to ‘overweight’, sours on ASEAN – CNBC TV18
[ad_1] Citigroup Inc. upgraded Indian stocks to overweight from neutral, while turning underweight on equities in Southeast Asia. Company Value Change %Change There is “meaningful upside” in Indian equities amid “less demanding” valuations, Citi said in a note. The benchmark NSE Nifty 50 Index may rise to 26,000 by the end of December, according to […]
Top CLSA chartist sees Nifty 50 at 22,000 on break of key supports – CNBC TV18
[ad_1] Laurence Balanco, the CLSA chartist, expects the Nifty 50 index to slip to levels of 22,000, as it has broken below key support levels on Monday. Company Value Change %Change In a note, Balanco said that the lack of follow through buying in December left the Nifty oscillating around its 200-Day Moving Average and […]
HSBC downgrades Indian markets to ‘neutral’, cuts Sensex target by 5,000 points – CNBC TV18
[ad_1] Indian stock markets have been downgraded to “neutral” by brokerage firm HSBC on Thursday, January 9, compared to their earlier stance of “overweight.” Company Value Change %Change HSBC has also cut its 2025-end Sensex target to 85,990 from 80,520 earlier. On the flip side, HSBC is “overweight” on China, has upgraded Hong Kong’s market […]
Trade Setup for January 8: Nifty remains in sell-on-rise mode after unconvincing bounce from lows – CNBC TV18
[ad_1] As convincing as the fall on Monday was on the Nifty from the highs, equally unconvincing was the bounce from the lows which followed on Tuesday. Despite a positive handover from Wall Street, a cool-off in the US Dollar, a pause in the crude oil price recovery, the Nifty could not manage to sustain […]