Page 2 - Midcap Index News Today

Investors in the local equities market should prepare for the stock market’s eventual turnaround as the benchmark Philippine Stock Exchange index (PSEi) consolidated its base last year. Juanis Barredo, COL Financial Group Inc.’s chief technical analyst, said amid the ongoing rise in the PSEi, investors and traders should be prepared…

Sanjiv Bhasin highlights the performance of the midcap index and the earnings of companies like REC, PFC, NBCC, GAIL, IREDA, and Colgate. He expresses optimism about the Bank Nifty and the stellar performance of ICICI Bank and PSU stocks. He mentions the underperformance of HDFC and the potential impact on its stock price. He also discusses the merger cancellation of Zee Entertainment and predicts changes in its ownership. He suggests considering largecap banks like ICICI Bank and identifies pot...

The market is anticipated to display sideways movement with increased volatility.

The large & mid cap schemes are benchmarked against NIFTY LargeMidcap 250 - TRI, S&P BSE 250 LargeMidCap Index - TRI. NIFTY LargeMidcap 250 - TRI, S&P BSE 250 LargeMidCap Index - TRI gave 27.76% and 20.82% respectively in 2023.

Any dip towards 20,000 on the Nifty is a point of purchase, say analysts, as it represents an entry point into one of the finest 'islands of relative safety globally'

Despite a middling economy, signs of life have emerged from an unlikely source - the automotive industry. A handful of auto companies have reported robust...

Nifty Smallcap 250 has risen by 11.07%, 33.68%, and 37.31%, in the last three months, six months, and 1 year, respectively. Among the indices analysed by the brokerage, only Nifty Microcap 150 with a 10.64% uptick, delivered higher returns than Nifty Smallcap 250 last month. Nifty Next50 rose by 9.09% and Nifty 500 gained by 7.06%.

There is no stopping the rally in mid and small-cap stocks. The broader markets have been consistently hitting new peaks this year including today, massively outperforming the benchmark indices. Should you still buy or stay cautious?

The Multi Commodity of India Limited (MCX) is also closed for morning trading on November 27

“Technically, Nifty Midcap and Nifty Smallcap are in a strong uptrend as they are marking the sequence of higher tops and higher bottoms. The uptrend remains intact as long as the sequence of higher tops and higher bottoms is sustained. Also, it is trading above its short and long-term moving averages. The momentum indicators and oscillators are also supporting the overall bullish chart structure,” he says.