F&O Talk | Nifty, Bank Nifty struggle; further downside likely below key levels, says Sudeep Shah of SBI Securities

 21 Dec 2024 02:36 PM

“After the Federal Reserve's monetary policy announcement on Wednesday, global indices sharply declined. Despite the Fed's decision to lower interest rates by a quarter point, as anticipated, the projection of fewer rate cuts next year than previously estimated dampened investor sentiment. Nifty's benchmark index has tumbled nearly 5%, marking its steepest weekly fall since June 2022. This decline has wiped out the gains of the past four weeks.”

Will Nifty break below November-lows next week? Anand James reads the charts

 21 Dec 2024 12:17 PM

“If we look at the constituent heavyweights like SBI, Bank of Baroda, PNB, IOB, Canara Bank and Indian Bank, which form around 75% of the index, they are trying to make a base around the 61.8% Fibonacci retracement level and the average RSI of these stocks is around 44. All these are hinting at a near-term bounce back which could possibly gain pace in the second half of next week.”

These 5 stocks have very low PE ratio

 20 Dec 2024 07:07 PM

Five Nifty 500 stocks with TTM P/E ratios below 10 may signal undervaluation or low growth expectations. While risks exist, they could present buying opportunities for investors focusing on strong fundamentals, per StockEdge analysis.

Tech View: Nifty forms bearish candle; 23,100 breakdown to open further downside. How to trade on Monday

 20 Dec 2024 07:05 PM

According to Osho Krishnan of Angel One, resistance levels are expected at 23,800-24,000, followed by 24,150-24,300. These levels align with the bearish gap and a cluster of EMAs on the daily charts, setting key hurdles for the upcoming truncated week.

ET Market Watch: Over Rs 10L cr lost! Sensex slips 1,100 pts, Nifty below 23,600

 20 Dec 2024 06:33 PM

Stock market update: Nifty Auto index 2.13%

 20 Dec 2024 04:52 PM

The Nifty Auto index closed 2.13 per cent at 22580.00.

Stock market update: Nifty Pharma index 0.86%

 20 Dec 2024 04:05 PM

The Nifty Pharma index closed 0.86 per cent at 22501.85.

Market Wrap: D-Street carnage extends to 5th day as Sensex crashes 1,176 pts, Nifty drops below 23,600

 20 Dec 2024 03:51 PM

Indian benchmark indices ended in red on Friday, pressured by selling in heavyweight financial and IT stocks, as market sentiments remained cautious after the U.S. Federal Reserve's projection of fewer rate cuts next year, triggering foreign fund outflows.

Market Wrap: D-Street carnage extends to 5th day as Sensex crashes 1,176 pts, Nifty drops below 23,600; investors lose Rs 10.15 lakh crore

 20 Dec 2024 03:51 PM

Stock Market Crash Today: Indian stock markets tumbled on Friday, dragged down by financial and IT stocks, amid cautious sentiment following the U.S. Federal Reserve's rate cut projections. The Sensex and Nifty fell 1.49% and 1.52%, respectively. Foreign fund outflows and a weakening rupee added to the pressure. Global markets were mostly lower as investors awaited U.S. inflation data.

F&O Stock Strategy: How to trade Ipca Laboratories and Hindustan Petroleum

 20 Dec 2024 01:59 PM

Nifty and Sensex extended losses, dragged by IT and realty stocks. Ipca Laboratories and Hindustan Petroleum show bullish momentum, with analysts recommending buy zones and targets based on technical and derivative data.