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Business Standard
18-07-2025
- Business
- Business Standard
Axis Bank cracks below 200-DMA post Q1 results; all eyes on this support
Axis Bank was seen trading below the 200-Day Moving Average after three months. More pain likely if the stock breaks below the weekly trend line support, which stands at ₹1,077; suggests tech charts. Rex Cano Mumbai Listen to This Article Shares of Axis Bank cracked over 6 per cent to an intra-day low of ₹1,086 on the NSE in Friday's trade after the bank's Q1 earnings disappointed the Street. In the process, the stock also plunged below its long-term 200-Day Moving Average (200-DMA) for the first time since April 16, 2025. Axis Bank reported a 4 per cent year-on-year (YoY) decline in net profit at ₹5,806 crore for the first-quarter ended June 2025 for the financial year 2025-26. The bank attributed the drop in profit to "technical" slippages and one-time bump in provisions. The bank's total
Mint
14-07-2025
- Business
- Mint
JSW Infra to Lodha - Vinay Rajani of HDFC Sec suggests these stocks to buy in the near-term
Stock market today: Indian stock markets was trading in red on Monday due to concerns over valuations combined with disappointing earnings for the first quarter of the current financial year. At 13:44 IST, Nifty 50 index was trading at 25,045 . 85, decreasing by 103.05 points or 0.41%, while the Sensex was at 82,130.57, falling by 356.54 points or 0.43%. Analysts attribute the cautious opening to a combination of elevated valuations, underwhelming corporate performance, and global uncertainties. On the technical front, according to Vinay Rajani from HDFC Securities, Nifty 50's next crucial support is now seen near 25,000, 50-day Exponential Moving Average. Rajani has recommended two stock to buy for short-term. Here's what he expects from Indian stock market next week, along with his stock recommendations. Market Views - Vinay Rajani, Senior Technical and Derivative Analyst, HDFC Securities Nifty 50 Last week, the Nifty 50 lost 1.22% and closed below its 20 days SMA placed at 25,265. Nifty 50 has violated the support of its upward-sloping trendline, which connects previous swing highs of 25,116 and 25,222. The next crucial support is now seen near 25,000, 50-day Exponential Moving Average which also coincides with the lower trendline of a rising wedge pattern on the daily chart. A decisive close below 25000 could trigger momentum selling, potentially dragging the Nifty 50 towards a positional support of 24,500. The recent swing high of 25,549 is not expected to act as strong resistance, and caution is advised unless this level is decisively breached. Bearish signals from indicators and oscillators like MACD and RSI on the daily chart further suggest potential weakness. Also Read | Stocks to buy for short term: Jigar Patel of Anand Rathi is bullish on 3 shares Bank Nifty Similarly, Bank Nifty is also trading within a rising wedge pattern on its daily chart, with the lower trendline of the wedge placed at 56,600 in the spot market. A close below this level would signal a fresh breakdown, potentially pushing the index towards supports at 55,900 and 55,150. Broader market indices also show signs of weakness; the NSE500 index has violated multiple trendlines and its 20-day DMA on a closing basis. Both Nifty Midcap100 and Smallcap100 indices have confirmed a 'Doji'; reversal pattern after a prolonged uptrend on their weekly charts, with a subsequent bear candle reinforcing this bearish reversal. On the global front, after a bullish breakout on positional charts, the MSCI Emerging Market index has formed a 'Doji' candlestick, which could lead to a 'throwback'; fall towards its previous breakout point. Conversely, the Dollar Index, after a prolonged downtrend, has formed a 'Doji'; candle followed by a bullish candle on its weekly chart, signaling a potential bullish reversal. Given the negative correlation between the Dollar and Emerging Market equities, this suggests a possible downward movement in emerging markets and an upward trajectory for the Dollar Index from current levels. Nifty 50 Strategy : Short term Trend of Nifty 50 has turned weak. Recent swing high of 25,550 should be surpassed to negate the further downside. Momentum selling may emerge below the crucial support of 25,000 in Nifty 50, which could drag the index further towards positional support of 24,500. Traders should cut longs and go short below 25,000 in Nifty 50 for the downside target of 24,500, keeping stoploss at 25,350. Also Read | Dharmesh Shah recommends THIS stock to buy today- 14 July 2025 Technical Picks: Stocks to buy in the near-term Vinay Rajani of HDFC Securities recommends these two stocks in the near term - JSW Infrastructure Ltd, and Lodha Developers Ltd. Buy JSW Infrastructure ( ₹ 319) | Target ₹ 350 | Stop-loss ₹ 304 JSW Infra share price has broken out from symmetrical triangle pattern on the weekly chart. Price rise was accompanied by jump in volumes. Stock price has been sustaining above 50 DEMA and 200 DEMA. Weekly RSI has reached above 50, indicating a sustainable up trend. Weekly MACD is now placed above signal and equilibrium line. Buy Lodha ( ₹ 1,396): | Target ₹ 1,621 | Stop-loss ₹ 1,300 Lodha share price has broken out from the descending triangle pattern on the weekly chart. Stock is placed above key moving averages, indicating bullish trend on all time frames. Realty sector index has been outperforming for last couple of weeks. Monthly RSI has given bullish crossover, which indicates strength in the stocks. Volumes have risen along with the recent price rise. Stock has been forming higher tops and higher bottoms on the daily and weekly chart. Also Read | Stocks to buy under ₹100: Experts recommend six shares to buy today 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
14-07-2025
- Business
- Mint
Nifty 50, Sensex today: What to expect from Indian stock market in trade on July 14?
Nifty 50, Sensex today: The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open lower on Monday, following mixed global market cues. The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 25,173.50 level, a discount of 48.4 points from the Nifty futures' previous close. On Friday, the Indian stock market ended sharply lower, with the Nifty 50 closing below 25,200 level. The Sensex dropped 689.81 points, or 0.83%, to close at 82,500.47, while the Nifty 50 settled 205.40 points, or 0.81%, lower at 25,149.85. Here's what to expect from Sensex, Nifty 50, and Bank Nifty today: Sensex formed a bearish candle on weekly charts, and on daily charts, it has formed a lower top formation. 'We believe that as long as Sensex remains below 83,000, the weak sentiment is likely to continue. Below this level, the index could slip to the 50-day SMA or around 82,100. Further downside may also continue, potentially dragging the market down to 81,500 - 81,100,' said Amol Athawale, VP- Technical Research, Kotak Securities. On the other hand, he believes if Sensex trades above 83,000, sentiment could improve, and if the index manages to stay above this level, it could move up to 83,700 - 84,000. Nifty 50 slipped below the 20-day SMA (Simple Moving Average) zone, and formed a bearish structure on the weekly chart, pointing to the likelihood of continued correction. 'Nifty 50 violated the crucial supports of 25,331 and 25,222 and closed below its 20-day moving average (20 DMA). The short-term trend has now turned bearish for the Nifty 50, where the next support is seen in the band of 24,900 - 25,000. On the higher side, the previous support level of 25,331 could now interchange its role as an immediate resistance,' said Nandish Shah - Deputy Vice President, HDFC Securities. Dr. Praveen Dwarakanath, Vice President of noted that the Nifty 50 broke down below the support at the 25,200 level, indicating weakness in the index. 'The momentum indicators are showing signs of weakness in the index. The weekly expiry calls are written in higher volumes, also indicating the weakness to continue. The ADX DI+ line is sloping down, with the ADX DI- line sloping up, suggesting a further fall in the index from the current levels. The index closed below its 20-day moving average, further confirming the weakness in the index,' said Dwarakanath. VLA Ambala, Co-Founder, Stock Market Today, suggests traders to consider a sell-on-rise strategy and avoid dip buying until the Nifty 50 index reaches the 24,500 levels. 'We can expect Nifty 50 to find support between 24,950 and 24,840, and meet resistance near 25,220 and 25,300 in today's trading session,' Ambala said. Bank Nifty index declined 201.30 points, or 0.35%, to close at 56,754.70, on Friday, forming a bear candle with a lower high and lower low, signaling continuation of the corrective decline for the second session in a row. 'Bank Nifty index, on expected lines, in the last six sessions, is seen consolidating in the range 56,500 - 57,600. We expect the index to extend the same and only a move below 56,500 will signal extension of corrective decline towards the key support area of 56,000 - 55,500. Key short-term term support is placed at 56,000 – 55,500 region, representing a confluence of the 50-day EMA and the key retracement level,' Bajaj Broking Research said. According to the brokerage firm, the broader trend remains positive, and any dips should be viewed as buying opportunities. Mandar Bhojane, Senior Technical & Derivative Analyst - Research at Choice Equity Broking advises a 'sell on rise' strategy as long as the Bank Nifty index holds below the 57,500 mark, with downside targets placed at 56,500 and 56,000. 'For the ongoing expiry, put options show the highest concentration near the 56,500 and 56,000 strikes, marking these as key support levels. Conversely, significant open interest in call options at 57,000 and 57,500 indicates potential resistance, suggesting a likely trading range of 56,000–57,500 in the upcoming sessions. Traders are advised to remain cautious, consider a sell on rise approach, and maintain strict stop-loss levels to manage risks effectively amid ongoing market volatility and potential price fluctuations,' said Bhojane. He believes the bias remains sideways, and the Bank Nifty index is likely to find support at 56,500 - 56,000, and face significant resistance in the 57,000 – 57,500 range. 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.
Business Times
15-06-2025
- Business
- Business Times
Russell 2000 looks set for a catch-up with large-cap indices
The Russell 2000 is a stock market index widely recognised as the leading benchmark for small-cap stocks in the US market. The small-cap index has faced a challenging year thus far, underperforming its peers such as the Dow Jones Industrial Average, S&P 500, and Nasdaq indices. At the time of writing on Jun 12, the Russell 2000 was down 4.1 per cent year-to-date, lagging behind its peers, which were up between 0.5 per cent and 1.4 per cent. Several key factors can be attributed to the sub-par performance of the small-cap index. One of the primary drivers behind the Russell 2000's underperformance is the Federal Reserve's prolonged interest rate pause. Small-cap stocks are generally more sensitive to interest rate fluctuations as these companies typically carry more debt relative to their earnings than large-caps. This higher leverage means that changes in interest rates have a greater impact on their financial health, as high rates elevate the cost of servicing debt. In addition, small caps generally have weaker balance sheets and less access to capital markets, making it harder for them to absorb higher borrowing costs or secure favourable refinancing terms. The Fed has kept interest rates steady between 4.25 per cent and 4.5 per cent since December 2024, and while markets expect two rate cuts later this year, in September and December, this cautious approach has put pressure on the Russell 2000. Another key factor behind the Russell 2000's underperformance is the uncertain economic backdrop created by President Donald Trump's reciprocal tariff policies on the US' trading partners. Small-cap companies are generally more domestically focused and have less pricing power, making them more vulnerable to disruptions in supply chains and increased input costs caused by tariffs. The uncertainty around trade policy has led to cautious consumer and business spending, dampening growth prospects and reducing investor risk appetite for small-caps. However, from a technical standpoint, the Russell 2000 could be poised for a catch-up with the large-cap indices. The index is holding above the 12-day Simple Moving Average (SMA) following a bullish crossover with the 26-day SMA, a popular technical analysis strategy signalling bullish short-term momentum. The index also broke out above the neckline resistance of an inverse head and shoulders formation at 2,110 points on Jun 6, alongside a breakout of a downtrend resistance line. These are positive signals supporting a bullish recovery. Additionally, the Moving Average Convergence Divergence technical indicator made a fresh bullish crossover recently and is holding above the zero line, showing signs of renewed accelerating bullish momentum, which increases the likelihood of further gains. In conclusion, the Russell 2000's lacklustre performance this year is the result of a confluence of factors, including a prolonged interest rate pause by the Fed and economic uncertainty from trade tensions. However, bullish technical signals for the index currently could see it play catch-up with the large-cap indices and rally towards the 2,320 points level. The writer is research analyst at Phillip Securities Research
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Business Standard
13-06-2025
- Business
- Business Standard
GTL, Exxaro Tiles zoom up to 85% in 1-mth; time to sell these penny stocks?
Shares of penny stocks - GTL and Exxaro Tiles have zoomed up to 73 per cent in the last one month amid the overall rally in the equity market. GTL and Exxaro Tiles are considered as penny stocks for the individual share price quoted around ₹10-mark. GTL from levels of ₹7.80 on May 9 soared nearly 67 per cent to a high of ₹13 on June 12. Similarly, Exxaro Tiles stock price from ₹5.90, skyrocketed by 85 per cent to a high of ₹10.90 per share. In comparison, the NSE Nifty 50 index advanced 3.7 per cent, and the Nifty Microcap index soared over 15 per cent in the same period. GTL, Exxaro Tiles - trading volume jumps multi-fold On the NSE, GTL witnessed up to a 10-fold jump in trading volumes in the last two trading sessions. The average daily traded volume from around 10 lakh per day surged to over 18.30 million shares on Thursday, June 12. Today, so far, GTL stock has declined 7.5 per cent to ₹11.22, amid volume of around 23 lakh shares on the NSE. The 52-week high of GTL stands at ₹16.41, and the 52-week low is at ₹7.59. The company's market capitalisation is ₹177 crore. Similarly, trading volume at Exxaro Tiles counter soared to near 79 lakh shares per day as against the average volume of around 7 - 8 lakh shares in the preceding one month. On Friday, Exxaro Tiles stock price was up 1.5 per cent at ₹10.27. The counter witnessed trades of around 11.8 lakh shares thus far on the NSE. At present, Exxaro Tiles market capitalisation has increased to ₹460 crore, with the stock seen trading near its 52-week high, which stands at ₹11.60. The 52-week for Exxaro Tiles stock is ₹5.45. On the earnings front, GTL reported a massive 91.8 per cent fall in Q4 net profit at ₹11.21 crore for the quarter ended March 2025 when compared with ₹136.20 crore in the quarter ended March 2024. Income from operations, however, increased by 6.4 per cent year-on-year (YoY) to ₹69.90 crore from ₹65.69 crore. Meanwhile, Exxaro Tiles Q4 net profit zoomed 192.5 per cent to ₹3.51 crore for the quarter ended March 2025 as against ₹1.20 crore in the corresponding quarter a year ago. Sales rose 19.1 per cent YoY to ₹94.98 crore from ₹79.77 crore. GTL, Exxaro Tiles - what should investors do? Kranthi Bathini, Equity Strategist at WealthMills Securities recommends that in times of a market rally, we tend to see some kind of exuberance in select stocks with lesser fundamentals, including penny stocks, which witness a momentum-driven rally. The analyst, however, cautions that it is not advisable to invest in penny stocks, as they are quite often associated with high risks. "Finding an exact top or bottom in these kinds of stocks is extremely difficult, for they just get traded based on the fear-and-greed of the market", explains Kranthi Bathini. For investors holding positions in such stock, Kranthi advises to follow strict trading stop-losses. Technical view on GTL, Exxaro Tiles GTL share price is seen quoting above the 200-Day Moving Average (200-DMA) for the second straight trading session. The 200-DMA stands at ₹11.10. A close above ₹11 on Friday is necessary for the stock to sustain its upward trend. As such, the stock can potentially rally to ₹15.80 levels. On the other hand, break and sustained trade below ₹10-mark shall dismantle the present bullish stance at the counter. Following which, the stock can potentially drift back towards ₹7 levels. Exxaro Tiles has conquered its 200-DMA, and is now seen attempting a close above the 100-Week Moving Average, which stands at ₹9.90. Technically, this shall indicate a positive sign for the stock, and which can lead it towards ₹12.40 levels. Key support for the stock on the downside stands at ₹8.30 and ₹7 levels, show technical charts.
