Market outlook: Next week to start on stable note, highly stock-specific moves seen
The Nifty has halted at the 50-week MA which is presently placed at 17,086. There are possibilities that the markets may consolidate at current levels; the consolidation may happen in the form of ranged oscillations but the downsides may stay limited. The options data also suggest that the markets may have opened up some more room for upside. However, for this to happen, keeping the head above 17,000 will be extremely crucial for the markets.
What are FIIs and DIIs? How do they affect the stock market?
FIIs are like your favorite foreign relative who always gets you gifts from abroad in exchange for two nights in your room when they stay in India. DIIs are like your Indian relatives who get you gifts that are made in India.
Mid-cycle transition: Will market hit a record high or enter a bear phase?
The defining characteristic of mid-cycle is the withdrawal of monetary policy stimulus. Volatility rises during the period of transition, with equity returns being more modest during this phase, mirroring earnings growth.
RBI meet, auto sales among 8 key factors that may guide markets this week
Ajit Mishra, VP - Research, Religare Broking, said that participants should align their positions and look for buying opportunities on dips. All the sectors are contributing to the move. "We believe the focus should still be on the top performers rather than expecting a turnaround in the beaten-down names," he added. "We reiterate our preference for auto, FMCG, banking and financials and remain selective in others."
Vikas Khemani on what he bought during market corrections
“We have increased our portfolios in the banking sector. We have added a few names where we can see not only earnings growth but also valuation rerating over the next two to three years. We have also added automobiles where we think that it is coming out of a low base."
Ahead of Market: 12 things that will decide stock action on Monday
"If the index sustains above 17,018, it can extend the upswing towards 17,550 where a slew of resistance points are placed. However, the swift up move from the lows of 16,438 to a high of 17,170 in just three trading sessions can lead to some consolidation or profit booking," Mohammad said.