Latest news with #MotilalOswalFinancialServicesLtd
Mint
7 hours ago
- Business
- Mint
Stock market weekly wrap: Sensex, Nifty 50 end in red for second week; What to expect from Indian market next week?
Indian stock market: Both market indices - Sensex and Nifty 50 - wrapped up the week on a cautious note, marking a second straight week of consolidation. The tepid performance was influenced by persistent global trade tensions and uncertainty around upcoming domestic policy decisions. Throughout the week, the benchmark indices—Sensex and Nifty—experienced significant volatility, ultimately ending in the red as investors weighed concerns over potential U.S. tariff actions and looked ahead to the Reserve Bank of India's (RBI) forthcoming monetary policy announcement. By week's end, the Nifty closed at 24,750.70, and the Sensex settled at 81,451.01. 'Domestic equity benchmarks ended slightly lower on Friday, with the Nifty50 slipping 0.3% to close at 24,751, amid cautious global cues and broad-based sectoral weakness. The broader markets were all weak, with both Nifty Midcap100 and Smallcap100 marginally down by 0.1% each, as selling pressure was seen across IT, Metal, and Auto sectors.' said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd. Early in the week, market optimism was driven by the RBI's record dividend payout and favorable monsoon developments. However, this upbeat mood was dampened later by worries over climbing U.S. bond yields, escalating trade tensions between the U.S. and the European Union, and ongoing legal disputes over U.S. tariffs—all of which constrained any significant market rebound. 'Next week, interest rate-sensitive sectors—particularly PSU banks—are likely to remain in focus amid growing hopes of an RBI rate cut. Additionally, the release of monthly auto sales and volume data could trigger sector-specific moves in the automobile space. Nifty ended May with gains of 1.7%, its 3rd consecutive month of rise. We expect markets to maintain its positive momentum in June on the back of strong Q4 GDP numbers, hopes of RBI rate cut and consistent institutional inflows,' Khemka added. According to Ajit Mishra – SVP, Research, Religare Broking Ltd, after spending the last two weeks in a consolidation phase, the Nifty is expected to soon make a directional move. 'Holding above the 20-day exponential moving average (20-DEMA), currently around 24,600, will be essential to maintain a positive tone. A decisive breach of this level could trigger further profit-booking, dragging the index down toward the 24,200 mark. Conversely, a strong close above 25,200 could rekindle bullish momentum and open the path toward the 25,600+ zone,' Mishra said. Meanwhile, speaking on the Bank Nifty outlook, Mishra said, ' We continue to believe that the banking index holds the key to unlocking market momentum. It has been trading within a narrow range for over a month while sustaining above its short-term support at 55,000 (20-DEMA). A breakout above 56,000 could act as a catalyst, propelling the index toward the 57,500 level.' Market experts maintain positive stance in June and recommend investors to keep looking for buying opportunities. 'We maintain our constructive view on the markets and recommend looking for buying opportunities unless the Nifty decisively breaks below the 24,600 mark. Within sectors, banking and financial services remain our top picks, while FMCG and IT are expected to trade subdued,' Mishra said. He further added, ' With the broader market showing resilience, investors should continue focusing on fundamentally strong stocks that offer a favorable risk-to-reward ratio. Staying agile and informed amid evolving macroeconomic and policy developments will be crucial for navigating the near-term market landscape.' Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
2 days ago
- Business
- Economic Times
Breakout, volume surge make CDSL a buy, says Shivangi Sarda of Motilal Oswal
'Gradual recovery in volume growth, along with increased retail participation can be seen which is supporting the ongoing growth trajectory of exchange platforms such as CDSL. Traders can buy for a target of Rs 1585 in the next 2-3 weeks,' Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said. Show more 07:08 01:38 04:40 03:48 02:17 06:32 01:25 02:35 04:55 06:21 04:31 01:40 06:04 05:39 07:05 02:22 05:26 01:45 02:41 02:40 01:29 05:00 03:14 04:45 06:38 01:11 04:28 06:32 02:23 01:51 04:40 02:05 05:11 01:54 01:23 05:12 02:10 06:05 06:41 03:03
Time of India
2 days ago
- Business
- Time of India
Breakout, volume surge make CDSL a buy, says Shivangi Sarda of Motilal Oswal
'Gradual recovery in volume growth, along with increased retail participation can be seen which is supporting the ongoing growth trajectory of exchange platforms such as CDSL. Traders can buy for a target of Rs 1585 in the next 2-3 weeks,' Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said. Show more Show less
Mint
5 days ago
- Business
- Mint
Indian stock market: 8 key things that changed for market overnight - Gift Nifty, weak US dollar to gold prices
Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open flat on Tuesday amid a cautious sentiment in global markets. Asian markets traded mixed, while US stock futures jumped on easing trade tensions between the European Union and the US. On Monday, the Indian stock market ended higher, extending the rally for the second consecutive session. The Sensex gained 455.37 points, or 0.56%, to close at 82,176.45, while the Nifty 50 settled 148.00 points, or 0.60%, higher at 25,001.15. 'The dollar index has been falling for three consecutive sessions, trading near its one-month low levels which could increase foreign capital inflow in emerging markets like India. Overall, we expect Indian equities to continue its gradual up-move on the back of strong domestic macros and supportive global market trends,' said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd. Here are key global market cues for Sensex today: Asian markets traded mixed on Tuesday amid cautiousness over US President Donald Trump's tariffs plans. Japan's Nikkei 225 fell 0.15%, while the Topix index was flat. South Korea's Kospi declined 0.15%, and the Kosdaq was flat. Hong Kong's Hang Seng index futures indicated a flat opening. Gift Nifty was trading around 25,040 level, a premium of nearly 5 points from the Nifty futures' previous close, indicating a flat start for the Indian stock market indices. US stock market was closed on Monday for the Memorial Day holiday. US stock futures traded higher as investors welcomed Trump's postponement of tariffs on imports from the European Union. Dow Jones Industrial Average futures gained 407 points, or 1%, while S&P 500 futures rallied 1.1%. Nasdaq 100 futures surged 1.3%. The US dollar declined as concerns over the US debt profile continued to undermine sentiment towards US assets. The dollar index, which tracks the greenback against other major trading partners, slid 0.1%, down for a third-straight session. The dollar dropped 0.3% to 142.35 yen, while the Euro was up 0.1% to $1.1399, trading near the highest since April 29. Sterling gained 0.1% to $1.3581. Yields on super-long Japanese government bonds (JGBs) fell sharply. The 30-year JGB yield fell 10 basis points (bps) to 2.935%, its lowest since May 14, while the 40-year JGB yield lost 10.5 bps to 3.43%. The 20-year JGB yield declined 7 bps to 2.435%, Reuters reported. The 10-year JGB yield fell 2 bps to 1.485% and the five-year yield was flat at 1.01%. Japan's service-sector inflation hit 3.1% in April. The April year-on-year gain in the services producer price index, which measures the price companies charge each other for services, followed a revised 3.3% increase in March. Gold prices traded higher, supported by a weaker dollar and concerns over the US fiscal outlook. Spot gold price rose 0.1% to $3,344.36 an ounce, while US gold futures fell 0.6% to $3,344.60. Crude oil prices were steady amid easing trade tensions between the European Union and the US ahead of an OPEC meeting on supply policy decisions. Brent crude oil fell 0.06% to $64.78 a barrel, while the US West Texas Intermediate (WTI) crude futures eased 0.02% to $61.54. (With inputs from Reuters) 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.
Mint
22-05-2025
- Business
- Mint
Top 3 stocks to buy today: Expert Ankush Bajaj's picks for 22 May
Stock market recap: After three straight sessions of losses, Indian stock market benchmarks rebounded sharply on Wednesday, 21 May. The Sensex opened at 81,327.61, and surged over 800 points, or 1%, to an intraday high of 82,021.64. The Nifty 50 began at 24,744.25, also climbing more than 1% to touch 24,946.20. Both indices later pared some gains, with the Sensex ending 410 points, or 0.51%, higher at 81,596.63, and the Nifty 50 closing up 130 points, or 0.52%, at 24,813.45. Broad-based buying lifted the broader market as well, with the BSE Midcap index rising 0.90% and the Smallcap index gaining 0.51%. In this context, here are top three stock picks from Ankush Bajaj to watch in the near term: Buy: Motilal Oswal Financial Services Ltd (MOTILALOFS) (current price: ₹800) Read this | DLF's Q1 launches to set the tone for FY26 pre-sales trajectory Buy: IDBI Bank Ltd (IDBI) (current price: ₹94.50) Read this | Centre eyes over ₹45,000 crore from divestment in FY26, bets on sale of IDBI Bank Buy: Ashok Leyland Ltd (ASHOKLEY) (current price: ₹244.60) Market closes higher after volatile session; pharma, PSE stocks lead gains The Indian stock market witnessed a volatile trading session on Wednesday, 21 May, but ultimately ended on a firm note. Positive global cues and strong domestic buying had led to a gap-up opening, with the Nifty nearing the psychological 25,000 mark early in the session. However, this level proved to be a strong resistance, triggering sharp intraday selling. Despite the pullback, markets staged a V-shaped recovery in the second half, erasing losses and closing in the green. The Nifty 50 ended 129.55 points, or 0.52%, higher at 24,801.35, while the BSE Sensex rose 410 points, or 0.51%, to settle at 81,596.63. Bank Nifty also advanced, gaining 197.75 points to close at 55,075.10, reflecting continued momentum in the financial sector. All sectors ended higher, with the rally led by pharmaceuticals, public sector enterprises, and real estate. The Nifty Pharma index climbed 1.25% amid defensive buying during intraday volatility. The PSE index added 1.21%, buoyed by renewed interest in energy names and value buying in government-owned firms. The realty index rose 1.72%, recovering from early weakness on the back of sustained interest in infrastructure themes. Among top movers, Bharat Electronics Ltd surged 5.28% on strong institutional interest and robust order inflows. Cipla gained 1.93% on optimism around export performance, while Tata Steel rose 1.86%, extending gains post a strong Q4 and positive sentiment in metals. On the downside, a few names lagged the broader rally. IndusInd Bank slipped 1.57% amid profit booking after recent gains. JSW Steel fell 1.17% on global commodity concerns, while Kotak Mahindra Bank edged 0.84% lower on institutional selling pressure. Read this | Navi's bumpy ride: Can Sachin Bansal prove his fintech bet right? Despite the volatility, the sharp recovery and broad-based participation underscored the market's resilience, with key indices holding above crucial technical levels. Nifty Technical Analysis After the recent rally, Nifty closed slightly lower at 24,776 on 20 May, forming a small red candle on the daily chart. Despite the mild decline, the index continues to display strength and remains firmly positioned above the key support zone. The broader trend remains bullish as the index is trading well above its medium-term support levels. The 20-day moving average is at 24,509 and the 40-day DEMA at 24,054 – both comfortably below the current market price, confirming the underlying positive momentum. On the daily chart, Nifty remains above key moving averages, which suggests that the medium-term trend is intact. The RSI is holding above 63 and the MACD remains in positive territory, reinforcing the bullish bias. However, on the hourly chart, Nifty has closed below both the 20-hour moving average (24,857) and the 40-hour EMA (24,809), indicating short-term weakness or likely consolidation in the coming sessions. Hourly RSI has dropped below 55 and MACD has given a negative crossover, further confirming a dip in short-term momentum. Open interest (OI) data shows that the highest call OI is at the 25,000 strike and the highest put OI is at the 24,800 strike. Additionally, there is good call-side build-up at 24,800 and 24,850 and put-side build-up at 24,800 and 24,750, suggesting a tightly packed expiry range. The Put-Call Ratio (PCR) stands at 0.76, indicating a mildly bearish to neutral sentiment among market participants. India VIX has risen to 17.54, up by 1%, signalling a possible increase in intraday volatility. The recent price action is being led by heavyweight stocks such as BEL, Cipla, Tata Steel, and HDFC Life, which have shown relative strength even as the index showed signs of cooling off. Strategy Outlook Given the tight OI range between 24,800 and 25,000, combined with short-term bearish signals on the hourly chart, expiry is expected to be range-bound. A neutral strategy like an Iron Condor is suitable in such conditions. Traders can consider selling a 24,750 put and 25,000 call while buying a 24,700 put and 25,050 call to limit risk. This strategy benefits if the market stays between 24,750 and 25,000 and volatility remains stable. A decisive break on either side of this range would require quick adjustment or exit. Also read | Navi's bumpy ride: Can Sachin Bansal prove his fintech bet right? Conclusion While the broader uptrend in Nifty remains intact as long as 24,875 holds, short-term indicators suggest caution. Increased volatility and mixed signals from momentum indicators point to a potential range-bound expiry session. Traders are advised to keep a close watch on 24,875 for downside protection and 25,000 as the resistance cap. Any breakout beyond this range could shift the short-term sentiment decisively. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
