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Economic Times
02-08-2025
- Business
- Economic Times
No Iron Don to protect D-Street, indices slump 1% under US fire
India's equity indices ended almost 1% lower on Friday, marking their fifth straight week of losses-the longest losing streak in two years-as concerns over the fallout of US tariffs on Indian exports weighed on sentiment. ADVERTISEMENT The NSE Nifty fell 0.8% or 203 points to finish at 24,565.35. The BSE Sensex moved 0.7% or 585.67 points lower at 80,599.91. Both indices declined 1.1% in the past week. "The structural long-term trend is dictated by the earnings, which are around expectations; however, the challenge is the lack of enough clarity on the tariff front, and this uncertainty is expected to linger," said Pankaj Pandey, head of retail research at ICICI Direct. "From that perspective, the market is lacking a near-term trigger for a decisive move." The recent losing run, initially triggered by fatigue after a strong rebound, has been exacerbated by Donald Trump's announcement that the US will impose 25% tariffs on Indian exports, along with an additional non-tariff penalty for buying crude oil and military equipment from said a pullback was due after Nifty's surge from 22,000 levels to almost 25,700 levels in the last couple of months. ADVERTISEMENT "The five consecutive weeks of losses in Nifty were marked by foreign selling with the overseas investors remaining 90% short on index futures-a multi-month low that added selling pressure amid tariff imposition concerns," said Nilesh Jain, head of derivatives and technical research at Centrum are watching whether the Nifty is able to hold above a key support of 24,000. ADVERTISEMENT "A further dip towards the 200-day moving average of 24,000 levels could be a short-term bottom, and investors can accumulate quality stocks," said Jain. "A sharp and sustainable rebound is expected around 24,000 levels, but it may take some more time to materialise." The Nifty Midcap 150 and the Smallcap 250 indices declined 1.3% and 1.6%, respectively, on Friday. Out of the 4,169 shares traded on the BSE, 1,297 advanced, while 2,718 declined. In the past week, the mid-cap index shed 1.9% while the small-cap index tumbled 3%. ADVERTISEMENT Pharma stocks were among the top losers on reports that Trump has asked 17 of the world's biggest pharmaceutical majors to lower prices of existing drugs. Sun Pharmaceutical Industries tumbled 4.5% on Friday, emerging as the biggest loser on the index, after the first-quarter net profit fell 20%. The Nifty Pharma index dropped 3.3%Foreign portfolio investors (FPIs) sold shares worth a net of ₹3,366.4 crore on Friday. Their domestic counterparts bought shares worth ₹3,186.9 crore. In July, overseas investors dumped shares worth 38,214.5 crore- the highest selling since February this home, the Volatility Index or VIX-the market's fear gauge-gained 3.7% to almost 12 on Friday, indicating traders expect higher risks in the near term. ADVERTISEMENT Elsewhere in Asia, South Korea tumbled almost 4%, while Hong Kong and Japan fell 1.1% and 0.7%, respectively. China and Taiwan declined around 0.5% each.
Time of India
09-07-2025
- Business
- Time of India
Bullish on 4 sectors from medium perspective; Phoenix Mills, JSW Infra 2 top picks: Dharmesh Shah
Dharmesh Shah , AVP, Technical Analyst, ICICI Direct , says Indian markets are consolidating, with strong support around 25,200-25,100 on the Nifty. Metals, real estate, PSU banks are the ones one should definitely look out from the medium perspective. While awaiting the US-India trade deal outcome and Q1 numbers, stock-specific actions dominate. Real estate remains positive, with Phoenix Mills as a top pick due to its retail expansion plans. JSW Infra is favored in logistics, with a target of Rs 336 and a stop loss of Rs 296. What is your take on the market and what are going to be your picks for investors? Dharmesh Shah: The market seems to be looking for a bit of a breather. There is anxiety ahead of the US-India trade deal. We believe going forward the market should trade positively because the Nifty seems to be consolidating above the breakout levels which also coincides with the 20-day EMA which is placed at around 25,200. So, 25,200, 25,100 remains to be the very strong support. I agree that the markets are lacklustre; there is more of a stock specific action. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now The market is waiting for this event to pan out and more importantly, is looking out for the Q1 numbers. So, stock-specific actions are likely to continue. If you look at the broader picture, we expect the Nifty to head towards 25,800 in the coming month with strong support at 25,200 because if you look at the market breadth, that is a good indicator to understand the sentiment of the market. If you look at the market breadth, the percentage of stocks trading above 200-day moving average of CNX 500 is currently at 60% compared to 52% last month. It looks like maybe in the near term, we see more of a consolidation, but it is more of a buy-on-dip market with strong support at 25,200 and target of 25,800 to 26,000 in the coming month. If I take an analogy of a football match, this market is behaving like two goals this side, two goal that side, and ending in a draw. Which are the sectors one should pencil in or one should wait and watch before entering the market? Dharmesh Shah: The sectors to talk about include banking. It is clearly outperforming even in this current corrective phase of the market. Particularly, PSU banks appear to be on the verge of a breakout. We believe PSU banks are the one sector which we like. We can see an uptick coming in the coming months. Apart from that, real estate as a sector, in the last two months, post RBI rate cut, has seen a sharp recovery. But what is happening now is nothing but a retracement of that rally. So, we believe in the real estate sector, banking. Metals. It looks like a retracement is happening. Metals should be bought on any dip. So, metals, real estate, PSU banks are the ones one should definitely look out from the medium perspective. Live Events You Might Also Like: Global headwinds: Should one focus on largecaps or look at midcaps and smallcaps? Nilesh Shetty answers What is your stance on stock-specific approaches? The sectors are doing a lot of churning, but at the same time, which are the stocks on the radar? Dharmesh Shah: Definitely. We remain positive in real estate. Phoenix Mills remains our top pick. On Tuesday, we saw a strong move from Phoenix Mills and the company seems to be expanding its portfolio into the retail segment. The target of 18 million square feet is a good positive going for Phoenix Mills. But coming to technical, again we believe that the stock seems to be forming the base at about 100 week EMA. Since November 2020, the stock had never breached 100 week EMA on the closing basis and currently the monthly charts for the last nine months show that the stock has been consolidating in this range of 1640 to 1300. So, we expect a breakout happening for Phoenix Mills, on the higher side in the coming days and we expect the stock to head towards 1840 keeping a stop loss of around 1488. So, Phoenix Mills is one which remains to be our top pick inside the real estate space where the risk-reward looks more favourable at the current market price. Apart from that, coming to logistics, we like JSW Infra. The way things are panning out for most of this logistics, the sector has done nothing for a long time. We expect a gradual outperformance going forward for JSW Infra. Again, a strong base formation, 100-week EMA and joining the lows of strong buying demand emerging at the lower end of the rising channel, it looks like JSW Infra should see a relative outperformance in the days to come and we expect the stock to head towards Rs 336, keeping a stop loss of Rs 296. You Might Also Like: Is the puck moving from discretionary to consumer staples? Amnish Aggarwal answers
Mint
27-06-2025
- Business
- Mint
How to transfer shares to a nominee in ICICI Direct demat account? Step-by-step guide
When an ICICI Direct demat account holder passes away then transferring shares to the registered nominee helps in a seamless and legally compliant transition of assets. Now to facilitate the same, the share transfer process is streamlined by ICICI Direct, provided documentation is in order. Transferring of shares to a nominee helps in avoiding legal delays, succession disputes and the need to obtain a court issued succession certificate. In case a nominee is registered with ICICI Direct then they become the rightful transferee of the deceased's securities, enabling direct access to demat stock portfolio and holdings. Check out the step by step guide to help nominees navigate the process efficiently. For single holders : Log into go to Settings → Trading Nominee, and then add nominee details (name, relation, ID, share %). Do note, up to three nominees can be registered with a total allocation of 100%. : Log into go to Settings → Trading Nominee, and then add nominee details (name, relation, ID, share %). Do note, up to three nominees can be registered with a total allocation of 100%. For joint holders: Download the nomination form from the ICICI Direct 'Downloads' section. Fill in the details carefully, get all holders' signatures, and submit it physically at the nearest ICICI branch. Keep a copy of the same with you and the acknowledgement provided by the bank for future reference. The nominee has to submit the following essential documents for initiating the transfer: Transmission Request Form, this form is available on the ICICI Direct website. Attested death certificate of the account holder. Self-attested PAN and ID proof of the nominee. Client Master List (CML) from nominee's DP if different from ICICI. Indemnity bond (only if nominee was not registered properly or account opened before 2016). Note: The list of documents listed above are illustrative in nature. For the updated list of documents required refer to the official website of ICICI Direct and reach out to the respective customer service team of the brokerage firm. All the relevant documents must be submitted either at the ICICI Direct depository participant office or an ICICI Bank branch. For more details on the same first refer to the official website of ICICI Direct and speak to their customer service team. Post verification, shares are transferred directly to the nominee's demat account. Furthermore, any errors such as signature mismatches or missing documents will result in delaying the process and will require resubmission. You can seek help, keep yourself updated and track progress from the following channels: Helpdesk email: helpdesk@ Official website: Support options: Availability of live chat, support ticket system, customer support and 'Contact Us' portal available under the Help section of the website. You can also download transmission and nominee related forms from the 'Downloads' page Requirement Description Nominee registered Online or through physical form Transmission form Filled and signed by nominee Death certificate Attested copy required PAN & ID proof Self-attested nominee documents CML (if external DP) With DP stamp and signature Indemnity (if applicable) Only for old accounts or unregistered nominees Hence, transferring shares to a legitimate nominee in an ICICI Direct demat account ensures smooth, dispute free and seamless asset transfer after the death of the account holder. ICICI Direct provides a simple and structured step by step process with clear documentation and digital support to help nominees complete the transfer effectively. Disclaimer: The information provided in this guide is for general awareness only and may be subject to change. For the latest and most accurate details, nominees are advised to refer to the official ICICI Direct website or contact their customer support.
Time of India
24-06-2025
- Business
- Time of India
Buy the Dip: Dharmesh Shah sees midcap, smallcap rally ahead
On the downside we will believe 24,400 to 24,700 will act as a strong support for the Nifty ICICI Direct's Dharmesh Shah suggests a positive outlook for the Indian market, fueled by ceasefire news and falling crude oil prices. Nifty is expected to reach 25,700, with strong support between 24,400 and 24,700, indicating a buy-on-dip strategy. Shah recommends capital goods sector, particularly L&T, projecting a target of 3928 with a stop loss at 3570. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads "The biggest resistance for the Nifty for last five weeks was around 25,200, we have been consolidating in this 700 points. We expect market to see a target of around 25,700 for Nifty in the coming few weeks. So, market likely to see 25,700 as a target. On the downside we will believe 24,400 to 24,700 will act as a strong support for the Nifty," says Dharmesh Shah , ICICI definitely, the market started on very positive news after the news of ceasefire by US or Iran-Israel and also supported by the falling crude oil prices, that is something a big sentiment positive for the biggest resistance for the Nifty for last five weeks was around 25,200, we have been consolidating in this 700 points. We expect market to see a target of around 25,700 for Nifty in the coming few weeks. So, market likely to see 25,700 as a target. On the downside we will believe 24,400 to 24,700 will act as a strong support for the any dip in market should be looked as a buying opportunity. So, we remain to be constructive positive for the market and again, I would say that the market breadth which is again a good indicator for the market, looks like there is a long way to go for the market because if you look at the midcaps and the smallcaps, we expect the action should now see a catchup activity in midcaps and smallcaps . So, it is clearly a buy on dip market for target of 25,700 for the if you look at the current structure of the market, the way that things seem to be setting up like you have a whole inflation and the interest rate cuts, the biggest beneficiary to this is again a capex driven capital goods as a sector we remain to be constructive positive for and the gradual recovery is expected for capital goods because the sector itself has seen a good correction of around 35% to 40% from the the capital goods we remain to be constructive positive for L&T. L&T again the stock has been witnessing a five months of falling trend line breakout supported by strong volumes and in the current corrective phase the stock seems to be finding a strong support at 20-day EMA, so keeping all things together looking at the weekly as well as the monthly chart, it looks like L&T should be looking for new high in the coming few days. So, yes, L&T for target of 3928, keeping a stop loss of 3570 we remain to be positive for L&T.
Economic Times
20-06-2025
- Business
- Economic Times
Mid-cap and small-cap stocks decline as investors take profits amid stretched valuations
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: Mid-cap and small-cap stocks - the outperformers in the recent market rebound - led the declines in equities on Thursday as investors grew wary of stretched valuations. The Nifty Midcap 150 and Small-cap 250 indices fell 1.6% and 1.9%, respectively, on Thursday, while the benchmark Nifty ended 0.1% lower."Post the outperformance in May, mid-cap and small-cap stocks are witnessing profit taking at higher levels as the valuations have become slightly stretched," said Nilesh Jain, head of derivatives and technical research, Centrum Broking. "Typically, quick up moves are followed by such retracements."The Nifty Midcap 150 and Small-cap 250 indices surged 6.3% and 9.3% each in May, outperforming the benchmark index, which gained 1.7% in the same period. Mid-cap and small-cap stocks have performed better than large-caps as the perception that smaller companies are less impacted by the ongoing global uncertainties has fuelled domestic investor appetite in these purchases from domestic equity mutual funds - flush with flows from individual investors - also drove up their share prices, pushing valuations back to their near-peak levels."Mid-cap and small-cap stocks have rallied up to 35% from the April lows and outperformed the benchmark Nifty, which gained around 16% in the same period," said Pankaj Pandey, head of retail research, ICICI Direct. "Post the sharp rally, there is some consolidation in the market."Jain does not rule out further declines of 2-4% for now, but recommends buying the weakness."While the short-term structure remains weak, most of the companies reported fairly inline earnings in this quarter and investors can accumulate quality picks in a staggered manner at further declines," he said investors can 'buy on dips' as the global uncertainty is expected to have a limited impact on these stocks, and the RBI interest rate cut has boosted liquidity, which is incrementally optimistic.
