The Indian market is likely to consolidate on Tuesday tracking muted global cues. The Nifty future closed flat at 22134 levels on Monday. India VIX was up by 1.50% from 13.69 to 13.90 levels. Volatility has been hovering within a band and creating swings in the market. Positive market setup was seen in stocks like … Read more
Indian market is likely to trade lower on Wednesday tracking weak global cues. The Nifty future closed negative with losses of 0.50% at 22023 levels on Tuesday. India VIX was up by 1.52% from 13.79 to 13.57 levels. Volatility was slightly down and held an overall bullish market bias. Positive setup was seen in stocks … Read more
Stocks from capital-intensive sectors, cyclicals and value stocks are expected to do well as long as the investment, commodity and credit cycle continue to remain robust, an ICICI Securities report said. The brokerage has identified over a dozen stocks with ‘Buy’ ratings which it referred to as ‘value stocks’ while cautioning against value traps. The … Read more
Mumbai: An economic stimulus in China and better-than-anticipated growth at home in the June quarter drove metal stocks to new highs Friday, with analysts saying the sector would continue to be buoyant ahead of the state and general elections. They recommended Tata Steel, Hindalco and Jindal Steel, indicating opportunities for gains in this typically cyclical … Read more