Market Unplugged Podcast: SBI, BoB stocks to watch out for; realty a short term bet
Find out why State Bank of India (SBI) and Bank of Baroda (BoB) stocks will be in the limelight in the short termGet latest Market online at cnbctv18.com
May 21, 2021 7:42 PM
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May 20, 2021 4:32 PM
May 20, 2021 4:26 PM
May 20, 2021 4:26 PM
May 20, 2021 4:26 PM
Ajit Mishra, VP - Research, Religare Broking
Markets witnessed profit taking for the second day in a row and lost nearly a percent. After opening on a flat note, the benchmark traded lackluster however selling pressure in the latter half pushed the index lower. Weak global cues are weighing on the sentiments for the last couple of sessions and we may see further choppiness in global markets on inflation fear. However, the reduction is COVID cases in India is certainly comforting the participants. We believe the Indian markets could outperform in the near term given it has underperformed when the global markets were rallying. We suggest keeping a check on leveraged positions and focusing more on managing the overnight risk.
May 20, 2021 4:25 PM
Deepak Jasani, Head of Retail Research, HDFC Securities
Nifty fell amidst lower than average volumes with advance-decline ratio becoming equal. In the process, the upgap formed on May 18 has been filled, nullifying the sharp bullishness. However, nervousness out of recent data on inflation and cryptocurrency sell-off seems to have tapered off or already in the price. 14,824-15,009 is the near term band for the Nifty.
May 20, 2021 4:24 PM
Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments
The psychological level of 15,000 has proved to be a stiff resistance for the index. We reacted quite sharply and fell over 100 points. However since 14,700 is held on a closing basis, the overall market trend remains bullish. If we break 14,700 there will be a reason for concern as if we disrespect that, we could slide down to 14,400. On the upside, there is still room to achieve a target of 15,300-15,400. All dips or corrections can be utilized to enter long positions.
May 20, 2021 4:24 PM
Manish Shah, Founder, www.Niftytriggers.com
Nifty closed the day marginally lower as it declined to fill the gap that caused it to move beyond the resistance at 15,000-15,050. Has declined for the last two days and it is at the “gap area”. The decline that happened today in the last one hour is due to weekly expiry day selling. Next week is going to be expiry week and it will be interesting to watch how the market pans out. Nifty has already broken above the resistance at 15,000-15,050 and obviously, there has been no follow-up to the rising prices. For the rally to continue Nifty needs to break above 15,050 which could mean a rally towards 15,450-15,500. The support zone for Nifty is at 14,750-14,700. If Nifty trades below 14,700 the breakout fails and we will see a grind between 15,050-14,300 for some more time.
May 20, 2021 3:53 PM
Here are key stocks that moved the most on May 20
The Sensex ended 338 points lower at 49,564 while the Nifty fell 124 points to settle at 14,906.Get latest Market online at cnbctv18.com
May 20, 2021 3:44 PM
Market At Close | Here are the highlights of today's market session
- Last-hour Fall Leads To A Near Day’s Low Close For Market
- Financials & Metals Under Pressure; Nifty Bank Slips Over 1%
- Metal Shrs Decline Following A Fall In Global Commodity Prices
- Nifty Slips 124 Points To 14,906 & Sensex 338 Points To 4949,564
- Nifty Bank Falls 351 Pts To 33,335 & Midcap Index 21 Pts To 25,212
- 37 Nifty Stocks End Lower; Tata Steel, Hindalco, Coal India Top Losers
- M&M, Cipla, BPCL, IndusInd, Titan Gain In A Weak Trading Session
- Britannia Slips 3% On Concerns w.r.t Related Party Transactions
- IOC Falls Over 2% Despite Reporting A Strong Set of Earnings For Q4
- Tata Motors Declines For 2nd Straight Day On A Cautious Mgmt Commentary
- Taro Pharma’s Weak Q4 Earnings Lead To A Fall of 2% In Sun Pharma
- Indiabulls Housing Surges 9% & Bosch 7% After A Strong Q4
- Just Dial, India Cements, Chola Investments, M&M Fin, PNB Top Midcap Gainers
- Market Breadth Neutral; Advance-Decline Ratio At 1:1
May 20, 2021 3:38 PM
Closing Bell | The Indian equity benchmark indices ended Thursday's volatile session lower dragged by selling in metals and financial stocks. The Sensex slipped 337.78 points, or 0.68 per cent to 49,564.86, while the Nifty closed 124.10 points, or 0.83 percent lower at 14,906.05. Smallcap and midcap turned lower to end in the red.
Among sectors, Nifty Metal fell the most over 3 percent followed by private banks, financial services, FMCG and IT indices. Gains were seen in PSU Bank and realty sectors.On the Nifty50 index, Tata Steel, Hindalco, Coal India, Britannia and ONGC led the losses, while Cipla, M&M, BPCL, IndusInd Bank and Titan Company were the top index gainers.
May 20, 2021 3:35 PM
Bitcoin may fall to $20,000 levels, says Bleakley's Boockvar; bullish on gold
“Looking at the technical charts, it can go to USD 34,000 and below that it can go to USD 20,000. But we don’t know because everyone is just staring at charts,” Peter Boockvar, CIO, Bleakley Advisory…
May 20, 2021 3:26 PM
May 20, 2021 3:21 PM
MF Corner: Here's how to construct a long-term portfolio
Mutual funds put in a net amount of Rs 5,526 crore in equities in April versus Rs 4,773 crore in March. However, SIP flows are now back at pre-Covid levels with an April inflow at Rs 8,590 crore. From drop-in net asset value (NAV) of Franklin Funds to how to construct a portfolio for the long-term, Anand Dalmia, Co-founder and Chief Business Officer at Fisdom and Gaurav Gupta, Director of G-Cube Investments answer all viewer queries in the special show ‘Mutual Fund Corner’. Watch here.
May 20, 2021 3:17 PM
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