Page 7 - Divi Lab News Today

The Sensex closed 52.01 points higher at 67,519.00, while the Nifty ended the day 33.10 points up at 20,103.10.

The Global South, at the receiving end of the tender mercies of Western civilisation for centuries, has finally stood up

Sensex recorded a decline of 180.96 points, settling at 65,252.34, , sensex

Analysts said the recent surge in pharma shares is part of a catch-up rally as many of them have not participated in the broader market upmove in recent years.

Gautam Shah of Goldilocks Premium Research, predicts that the Nifty index will eventually reach 22,400 in 12-18 months. Banks and metals look interesting, while FMCG may underperform. IT has potential for a bottom-out, especially in midcaps, due to the digitalisation and AI-led rally. Shah recommends buying TCS and Tech Mahindra as these stocks may outperform the IT index. Shah advises against shorting in a bull market, and recommends buying the dips and staying with the trend of the market.

Any disappointment in numbers or even meeting of expectation may see profit booking. But who is to complain? Rs 180, Apollo Tyre is 400 plus, MRF is above 1 lakh.

Many investors bought the stock in anticipation of a rally due to an inflow from the passive funds. Analysts said shares of companies that are due to be part of a main index surge because of buying by passive funds, whose portfolios are linked to the stock weights of a benchmark index.

Well, we are very closely looking at the metal space. I think this is more of a contra view, I would say, because not many market participants are too excited about it. But the way we read the charts, I think a special move is coming. We are already seeing JSW Steel do so well, trading at lifetime highs and clearly good for a lot more.

"Higher treasury yields weighed on the tech sector, with Nasdaq receiving fresh drubbing. Also, escalating US-China tensions, and rising recession fears as Chinese data showing industrial activity weakened in June could dent market sentiment. Technically, Nifty may face a hurdle at the 195,77 mark, while any further escalation could push the index towards the 19,900-20,000 zone," said Prashanth Tapse of Mehta Equities.

Equity benchmark indices opened with cuts on Friday tracking losses in global markets