Nifty at a high, but only 11 stocks are at record levels: A warning or an opportunity?
On February 8, the Nifty for the first time closed above 15,000 and 11 stocks, including names like Adani Ports, Bajaj Auto, & Bajaj Finance, have hit their lifetime highs. February 12, 2021 / 09:43 AM IST
The Nifty50 hit the magical 15,000-mark early this month and hit a fresh record high of 15,257 on February 9 but only 11 stocks in the index have reached their record highs, so far, in the month.
It should not come as a surprise as most stocks are still playing catch up. The 11 stocks that hit their lifetime highs include Adani Ports, Bajaj Auto, Bajaj Finance, Bajaj Finserv, Cipla, HDFC Bank, SBI and UltraTech Cement, data from AceEquity shows
DAILY VOICE | This fund manager with experience of over 2 decades has advise for retail investors post Budget
Retail Investors would indeed laud the budget as it has touched upon the key imperative sectors of the economy, says Kumar. February 12, 2021 / 07:56 AM IST
Niraj Kumar, CIO, Future Generali India Life Insurance highlights that the Budget has laid the foundation for a growth conducive platform which will percolate into strong equity market performance over the next few years.
In an interview with Moneycontrol’s Kshitij Anand, Niraj Kumar, who has about 20 years of experience in the capital markets, said the retail investors will be prime beneficiaries of this growth-oriented Budget, as the investment impetus would manifest into growth numbers and markets will reward those who are looking for long-term wealth creation.
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Avoid sectors that continue to be hit by coronavirus, advises Anshu Kapoor of Edelweiss
In fixed income, investors should look to lock-in yields in high-quality fixed deposits and AAA bonds, says Kapoor. Sunil Shankar Matkar February 12, 2021 / 10:35 AM IST
Anshu Kapoor, Head of Investment Management at Edelweiss Wealth Management, says markets are driven by earnings, liquidity and sentiment. The December quarter numbers have been positive and have surprised analysts across sectors.
But, he is not keen on travel and hospitality segments and favours staying away from sectors that continue to bear the brunt of the coronavirus pandemic.
In an interview to Moneycontrol s Sunil Shankar Matkar, Kapoor says banks have raised more than $15 billion in the last six months and are well capitalised. He expects credit cycle to revive, led by manufacturing capex. Edited excerpts:
Nifty Gann Square of 9 suggests a close above 15,250 could resume the uptrend: Ashish Kyal
In a nutshell, Nifty is flirting around the important Gann level of 15190. A decisive weekly close above 15250 giving some leeway will indicate a resumption of the positive trend. February 12, 2021 / 09:07 AM IST
Nifty has reversed sharply post the Budget. But see Gann levels that worked so extremely well in providing support and resistance to prices.
See the below chart that shows the classic price action area along with an Expanding pattern. The low created just before the Budget day was near to the Gann support of 13748 levels.