Latest news with #MandarBhojane
Economic Times
03-06-2025
- Business
- Economic Times
Deploy Bull Call Spread in CAMS to play bullish momentum
Computer Age Management Services (CAMS) shares are currently trading at Rs 4,139.20 and have recently broken out of an ascending triangle pattern with a strong bullish was also supported by heavy volumes, signalling fresh buying interest.'This breakout suggests a likely continuation of the uptrend, provided the stock sustains above the key level of Rs 4,140,' said Mandar Bhojane, Derivative Analyst at Choice momentum
Mint
28-05-2025
- Business
- Mint
Indian stock market: 7 key things that changed for market overnight - Gift Nifty, weak US dollar to gold prices
Indian stock market: Both Indian indices - Sensex and Nifty - is likely to open in red on Wednesday despite market rally in global markets after U.S. President Donald Trump extended the deadline for a 50% tariff on European Union imports until July 9. Asian markets saw a significant rally on Wednesday after Wall Street extended gains on investor optimism. On Tuesday, the Indian stock market ended the day in red on heavy profit booking in large-caps and engaged in selective buying in the mid- and small-cap segments by investors. The Sensex closed 625 points, or 0.76%, lower at 81,551.63, while the Nifty 50 declined by 175 points, or 0.70%, to finish at 24,826.20. 'The Indian equity market witnessed a volatile session on May 27, with both benchmark indices ending notably lower. The Nifty declined by 175 points, while the Sensex fell by 625 points, reflecting broad-based profit booking across key sectors. Interestingly, the Defense sector outperformed, gaining over 1%, whereas Auto, Banking, and IT stocks came under pressure due to intraday selling. After an early dip, the market recovered sharply during the day, but selling pressure re-emerged at higher levels, leading to a weak closing. This choppy price action indicates a lack of clear direction, suggesting that traders are in a wait-and-watch mode, anticipating a decisive breakout on either side before taking aggressive positions," said Mandar Bhojane, Equity Research Analyst at Choice Broking. Asia-Pacific markets moved higher on Wednesday, following Wall Street's positive performance, as investor sentiment improved after U.S. President Donald Trump postponed the implementation of a 50% tariff on European Union imports to July 9. Japan's Nikkei 225 gained 1.06%, and the Topix index rose by 0.88%. South Korea's Kospi climbed 0.65%, while the Kosdaq, focused on smaller companies, increased by 0.53%. In Australia, the S&P/ASX 200 edged up by 0.21%. Gift Nifty was trading around 24,854 level, trading 7 points lower, indicating a flat start for the Indian stock market indices. Wall Street rallied on Tuesday as investors grew more willing to take risks following U.S. President Donald Trump's recent easing of tariffs and a surprising rise in consumer confidence. The Dow Jones Industrial Average climbed 740.58 points, or 1.78%, reaching 42,343.65. Meanwhile, the S&P 500 advanced 118.72 points, or 2.05%, to close at 5,921.54, and the Nasdaq Composite surged 461.96 points, or 2.47%, ending the session at 19,199.16. The dollar index fell 0.1% after a sharp rise in the previous session, making greenback-priced gold more attractive for other currency holders. Yields on ultra-long Japanese government bonds (JGBs) dropped significantly, according to Reuters. The 30-year JGB yield declined by 10 basis points to 2.935%, marking its lowest level since May 14. Meanwhile, the 40-year yield fell by 10.5 basis points to 3.43%, and the 20-year yield decreased by 7 basis points to 2.435%. The 10-year JGB yield slipped 2 basis points to 1.485%, while the five-year yield remained unchanged at 1.01%. Gold prices gained on Wednesday, helped by a slight retreat in the dollar and lower U.S. bond yields as investors await a U.S. core Personal Consumption Expenditures (PCE) price index report due later this week for interest rate clues. Spot gold was up 0.5% at $3,314.19 an ounce, as of 0040 GMT, after dropping more than 1% on Tuesday. U.S. gold futures rose 0.4% to $3,313.20. Oil prices fell by 1.5% on Tuesday, driven by concerns over a potential oversupply. These worries were fueled by signs of progress in negotiations between Iranian and U.S. officials, as well as expectations that OPEC might agree to raise production at an upcoming meeting later this week. By 14:57 GMT, Brent crude futures had dropped 99 cents, or 1.5%, to $63.73 per barrel, while U.S. West Texas Intermediate crude declined by $1.02, or roughly 1.7%, to $60.48 per barrel. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
NDTV
22-05-2025
- Business
- NDTV
Sensex Tanks 720 Points In Early Trade, Nifty Down 220 Points
Mumbai: The domestic benchmark indices opened lower on Thursday amid negative global cues as selling was seen in the IT and auto sectors in the early trade. At around 9.26 am, Sensex was trading 726.42 points or 0.89 per cent down at 80,870.21 while the Nifty declined 225.0 point or 0.91 per cent at 24,588.45 Nifty Bank was down 336.20 points or 0.61 per cent at 54,738.90. The Nifty Midcap 100 index was trading at 56,312.00 after dropping 307.60 points or 0.54 per cent. Nifty Smallcap 100 index was at 17,509.10 after declining 39.50 points or 0.23 per cent. According to analysts, technically, a breakout above or below the inside bar's range could offer clear directional cues. On the downside, 24,600 remains a critical immediate support, with stronger support near 24,500. A breakdown below this level could increase selling pressure and drag the Nifty index toward the 24,300-24,000 zone. "On the upside, 24,900 acts as the initial resistance, while 25,000 is a key psychological barrier. A decisive move above this level may trigger a bullish rally toward the 25,200-25,500 zone," said Mandar Bhojane, Equity Research Analyst of Choice Broking. Meanwhile, in the Sensex pack, Only Adani Ports and Tata Steel were the top gainers. Whereas, Indusind Bank, Tech Mahindra, Powergrid, HCL Tech, Nestle India, Hindustan Unilever Limited were the top losers. In the Asian markets, China, Hong Kong, Bangkok, Seoul and Japan were trading in the red. whereas Only Jakarta was trading in green. In the last trading session, Dow Jones in the US closed at 41,860.44, down 816.80 points, or 1.91 per cent. The S&P 500 ended with a loss of 95.85 points, or 1.61 per cent, at 5,844.61 and the Nasdaq closed at 18,872.64, down 270.07 points, or 1.41 per cent. Wall Street suffered steep losses during Wednesday's session as multiple headwinds converged to weigh on investor sentiment. "The major averages rebounded from initial declines but slumped back into negative territory as the day progressed, ending sharply lower despite recovering from their worst levels," said experts. On the institutional front, foreign institutional investors (FIIs) were net buyers as they bought equities worth 2,201.79 crore on May 21, while domestic institutional investors (DIIs) purchased equities worth 683.77 crore.
Economic Times
20-05-2025
- Business
- Economic Times
Deploy Bull Call Spread in GAIL to play bullish momentum
The shares of GAIL are currently trading at Rs 189.48 and have recently broken out of their daily range with a strong bullish candle on heavy volume, indicating fresh buying breakout also suggests a potential continuation of the uptrend.'If the stock sustains above Rs 190, it may rally further towards the immediate upside targets of Rs 200 and Rs 205,' believes Mandar Bhojane, Derivative Analyst at Choice
Hans India
20-05-2025
- Business
- Hans India
Sensex, Nifty open a tad lower amid mixed global cues
Mumbai: The domestic benchmark indices opened lower on Tuesday amid mixed global cues, as selling was seen in the auto, PSU bank and financial service sectors in the early trade. At around 9.31 am, Sensex was trading 40.79 points or 0.05 per cent down at 82,018.63 while the Nifty declined 22.10 point or 0.09 per cent at 24,923.35. Nifty Bank was down 51.40 points or 0.09 per cent at 55,369.30. The Nifty Midcap 100 index was trading at 56,943.00 after declining 162.45 points or 0.28 per cent. Nifty Smallcap 100 index was at 17,606.90 after dropping 42.75 points or 0.24 per cent. According to analysts, from a technical perspective, the Nifty formed a bearish candle on the daily chart while trading within an inside bar pattern, closing just below the crucial 25,000 level. "The index moved sideways throughout the session, fluctuating within a narrow intraday range of 24,900 to 25,100 — a sign of market indecision. Immediate support is seen at 24,900–24,800, while resistance levels are placed at 25,100 and 25,235. A decisive breakout above 25,235 may open the path for an upside move toward 25,500–25,743," said Mandar Bhojane, Equity Research Analyst at Choice Broking. The Indian Rupee exhibited strength, appreciating by 10 paise against the greenback to settle at 85.40. 'This upward movement in the rupee can be attributed to cooling crude oil prices and a softening of the US dollar," added Devarsh Vakil, Head of Prime Research of HDFC Securities Meanwhile, in the Sensex pack, Tata Steel, Sun Pharma, Infosys, Tech Mahindra, ITC, Adani Ports, L&T and HCL Tech were the top gainers. Power Grid, Nestle India, Titan, Kotak Mahindra Bank, M&M and HDFC Bank were the top losers. In the Asian markets, China, Hong Kong, Japan, Bangkok, Seoul and Jakarta were trading in green. In the last trading session, Dow Jones in the US closed at 42,792.07, up 137.33 points, or 0.32 per cent. The S&P 500 ended with a gain of 5.22 points, or 0.09 per cent, at 5,963.60 and the Nasdaq closed at 19,215.46, up 4.36 points, or 0.02 per cent. On the institutional front, both foreign and domestic investors turned cautious, marking the first simultaneous sell-off in over a month. According to provisional data from the NSE, foreign institutional investors (FIIs) sold Indian equities worth Rs 525.95 crore on May 19, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 237.93 crore. Sensex, Nifty open a tad lower amid mixed global cues
