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In the broader market, while the mid- and small-cap indices outperformed the benchmarks by a wide margin, there was no contest as to which sector 2023 belonged to
Gaurav Bissa says: “ Midcaps and smallcaps can see another 20-25% upside and may surpass that as well. These are buy-on declines and they are not very far off from breakout. From the lower point, we have seen a 50% upside. But 10-year, 12-year breakouts seen on monthly charts give you an additional leg of confidence that in this rally will not fizzle out very soon”.
Mileen Vasudeo of Arihant Capital Markets says that with Bank Nifty, it is now showing signs of weakness. Now this week Bank Nifty has nearly closed below the 50-day SMA which is a sign of weakness and the 50-day SMA is at 44821.
Bank of India is quoting at Rs 73.35, up 5.69% on the day as on 12:49 IST on the NSE. The stock is up 114.79% in last one year as compared to a 57.24% gain in NIFTY and a 82.34% gain in the Nifty PSU Bank index. Bank of India rose for a third straight session today. The stock is quoting at Rs 73.35, up 5.69% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.65% on the day, quoting at 14754.5. The Sensex is at 48804.34, down 0.73%. Bank of India has added around 2.59% in last one month. Meanwhile, Nifty PSU Bank index of which Bank of India is a constituent, has adde...
Bank of Maharashtra is quoting at Rs 23.25, up 1.53% on the day as on 12:49 IST on the NSE. The stock is up 143.46% in last one year as compared to a 56.26% jump in NIFTY and a 57.98% jump in the Nifty PSU Bank index. Bank of Maharashtra is up for a third straight session today. The stock is quoting at Rs 23.25, up 1.53% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.14% on the day, quoting at 14504.4. The Sensex is at 48465.67, up 1.23%. Bank of Maharashtra has gained around 12.05% in last one month. Meanwhile, Nifty PSU Bank index of which Bank of Maharashtra is ...