Page 6 - Sameet Chavan News Today

Analysts expect volatility to remain high through the week in the backdrop of major events like the Interim Budget and the US Federal Reserves monetary policy meeting.

Indian headline indices opened in the green on gains in bank stocks and tracking positive cues from global markets. The top gainers were ONGC, Adani Enterprises, SBI Life, HDFC Bank, and Sun Pharmaceuticals. The top losers were Cipla, Dr Reddys Laboratories, Bajaj Auto, ITC, and Divis Laboratories. HDFC Bank stock rose nearly 2% after the banking regulator allowed LIC to up its ownership. Most major Asian indices were trading positive after the China regulators took new steps to support the mark...

Market experts suggested investors to monitor Nifty around the psychological mark of 21,000

Bear put spreads, calendar spreads and iron butterflies are some of the strategies recommended by analysts. One analyst advises traders to enter into trade during the last hour of the market during budget day

Budget 2024 Expectations Live: The power sector received a significant financial boost in the FY24 budget, with a 58% increase in allocation to Rs 20,671 crore. Analysts predict that the power sector will continue to be a focus in the upcoming FY25 budget.

Since its an interim budget, major reforms are not expected. Global developments may provide directional triggers.

Experts anticipate that this decline will only intensify from here on and suggest investors to exercise caution in this holiday-shortened week

Analysts expect further weakness in benchmark indices in the near-term, while Bank Nifty index is expected to remain rangebound

Post todays gains analysts predict that TCS may head to all-time high levels of around Rs 4000. Infosys on other hand may challenge resistance of Rs 1660.

Analysts anticipate December quarter earning and the US inflation data for December, to be released later in the day, to offer direction to the market