Latest news with #RahulSharma
Mint
3 days ago
- Business
- Mint
Nifty Bank can hit 60,000 level; HDFC, PNB among top 7 bank stock picks: Rahul Sharma, JM Financial
Expert View: Despite the Indian stock market crash today, Rahul Sharma, Director, Head - Technical & Derivative Research, JM Financial Services, remains bullish on the Nifty and Bank Nifty indices, suggesting that there is a clear upward trend visible in the indices. Sharma believes the time is right to accumulate quality stocks, with promising investment opportunities visible in sectors such as Metals, Media, Realty, PSEs and Chemicals. Edited excerpts: While Nifty's daily movements might seem like a "one step forward, one step backward" consolidation, a broader perspective reveals a clear upward trend. The index is consistently forming "higher high" and "higher low" structures, indicating a bullish bias. Breaking its all-time high of 26,277 levels might be challenging, as it's still about 5% away from the current price of 25,000. However, this 5% move itself would represent a significant upside. Notably, Nifty has already delivered an impressive 15.5% return in just 24 trading days between April 7th and May 15th. From a technical medium-term perspective, we anticipate Nifty reaching targets of 25,250, 25,650, and 25,800. We don't foresee a one-sided rally and expect a zigzag movement. Strong support is identified within the 23,800-24,000 zone. Only a decisive break below this level could drag the index down, potentially to 23,400. Nifty Bank has indeed had an extraordinary run, rallying over 17% and gaining 8,300 points. It's currently trading within a range, which could be a healthy breather for bulls to prepare for a continued uptrend. The overall trend remains positive. The current trading range for Nifty Bank is 56,100 on the upside and 53,500 on the downside. We expect the upward momentum to continue, as there's significant potential for the index to reach 59,000 and even 60,000 levels. For bulls to take full control, however, we need to see a decisive close above the strong resistance level of 56,100. A break above this point could revive bullish momentum. Support is placed at 53,500; a close below this could drag the index down. Some stocks that appear good at current levels, especially once Bank Nifty breaks above 56,100, include Canara Bank, Bank of Baroda, PNB, Bank of India, IDFC First Bank, Axis Bank, and HDFC Bank. Additionally, investors can look at NBFCs for potential opportunities. It's a good time to accumulate quality stocks, but a selective approach is key. Focus on sector rotation and identify stocks with greater relative strength compared to their peers. With most companies having released their Q4 earnings, it's crucial to factor in fundamental views. Look for stocks displaying positive technical patterns or breakouts, especially those backed by better-than-last-quarter earnings or where previously poor results are now flat or showing signs of bottoming out. Any negative expectations are likely already priced in. If a stock demonstrates strength post-results, it could be a strong candidate for medium-term accumulation. Also, keep an eye on mid-cap and small-cap segments, as they are forming "higher high" and "higher low" structures, suggesting potential outperformance while Nifty might consolidate. For stocks that have already seen significant run-ups, it's prudent to wait for a retracement before entering to ensure a more favourable risk-to-reward. In summary, investors can accumulate counters based on sector rotation, backed by strong Q4 earnings, and with a focus on opportunities within the mid-cap and small-cap segments. Reliance Industries played a significant role in Nifty's move from its April 7th low to its May 15th high, given its heavyweight contribution to the index. Currently, the stock is consolidating within a range. From December 5, 2024, to April 25, 2025, Reliance was trading within a broadening technical pattern, from which it has since broken out and rallied to 1461 levels. Currently, there's strong resistance at the 1465 level. A decisive break above this will continue the uptrend, projecting target prices of 1500, 1550, and potentially higher. However, at this juncture, investors might consider waiting for a slight retracement to make the risk-to-reward more favourable, or accumulate in tranches. As the momentum indicator is currently shifting from positive to neutral, the stock could retrace to support zones of 1380 or 1320 levels. Over the next 3-6 months, we see promising investment opportunities in sectors such as Metals, Media, Realty, Public Sector Enterprises (PSEs), Chemical and Plastic Product Manufacturing companies. Disclaimer: This story is for educational purposes only. 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.
Time of India
28-05-2025
- Entertainment
- Time of India
Rahul Sharma on joining Yeh Rishta Kya Kehlata Hai: Can't deny I'm nervous
Rahul Sharma Rahul Sharma , who was last seen in Kaisa Yeh Rishta Anjana, has joined the cast of Yeh Rishta Kya Kehlata Hai. Speaking about his role, he shares, 'I play Anshuman, an affluent businessman. He's sharp and straightforward in professional matters, which is sometimes mistaken for arrogance. But at heart, he's a kind and decent man, deeply rooted in family values. Only those close to him truly understand his nature. There are many shades to his character that will unfold gradually.' The show has been on air for nearly a decade, and joining it midway comes with its own set of challenges. Rahul, who will be seen in a cameo appearance, admits, 'Establishing a connection with the audience as a new entrant is definitely a challenge, especially since I've never done this before. But I'm excited to explore this opportunity. I trust my audience will support me as they always have. I'll do my best to entertain them and contribute meaningfully to the show's journey. That said, I can't deny I'm a little nervous — it's my first time stepping into an ongoing show.' He adds, 'I'm usually averse to joining a show midway because I believe in building a project from scratch and giving it my all. But then, who doesn't want to work with Rajan Shahi sir and be part of such a popular show? So, this is a win-win situation for me, and I'm glad to be associated with it.' Yeh Rishta Kya Kehlata Hai, which has been on air for 16 years and features Samridhii Shukla and Rohit Purohit as the lead couple, recently went in for a seven-year time leap introducing fresh twists and new faces. It also marked the exit of Garvita Sadhwani; however, her exit has been kept open-ended. The principal cast of YRKKH also includes Anita Raaj, Siddharth Vasudev, Shruti Ulfat and Rishabh Jaiswal.
Hans India
27-05-2025
- General
- Hans India
Grand Triveni Harathi huge draw of Pushkarulu
BHUPALAPALLY: As part of the Saraswati Pushkaralu celebrations, the highlight at Kaleshwaram has been the grand Saraswati Navaratna Mala Harathi performed at the Triveni Sangamam. To conduct the river Harathi with traditional precision, scholars were specially invited from Kashi. These priests from Kashi conducted the Harathi at the Triveni Sangamam every evening since the start of Pushkaralu, captivating devotees with the ritual. In Kashi's Ganga, one would usually have to witness the Harathi from boats floating over the water, but the geographical advantage in Kaleshwaram makes it different. The riverbank spans nearly 3 to 4 kilometers, leaving a vast sandy area, apart from the water flow, where devotees can stand freely and observe the Harathi without any additional cost. Both distinguished guests and general devotees gathered in large numbers to witness this sacred event, with the district collector Rahul Sharma making necessary arrangements for seamless viewing. Every night, the Harathi lasted for over an hour, keeping devotees enthralled and encouraging them to remain at Kaleshwaram. The enthusiasm is evident, as many devotees begin their journey back home only after experiencing the Harathi, demonstrating how deeply it has been embraced. On Sunday, Yogananda Saraswati Swamiji performed the Pushkara Snanam, marking the occasion with spiritual fervor. Minister Seethakka, MP Gaddam Vamsi Krishna, MLA Gandra Satyanarayana Rao, and CMO Secretary Srinivasa Raju.
New Indian Express
25-05-2025
- New Indian Express
Kaleshwaram overflows with devotion as thousands gather for Saraswati Pushkaralu
BHUPALPALLY: As the weekend aligned with the tenth day of the sacred Saraswati Pushkaralu, the serene village of Kaleshwaram transformed into a vibrant sea of devotion. Thousands of pilgrims converged on the Pushkar ghat on Triveni Sangamam, where the sacred rivers meet, to take a holy dip and perform age-old rituals steeped in faith and tradition. The ghats and adjacent roads overflowed with pilgrims, creating a spectacle reminiscent of the grand Kumbh Mela. Chants, hymns, and the rhythmic sounds of conch shells filled the air, turning the riverside into a hub of spiritual energy. To ensure the smooth conduct of the festivities, the Jayashankar Bhupalpally district administration ramped up safety measures. Teams from the NDRF, SDRF, local police, and additional swimmers were stationed along the riverbanks. Sanitation workers, volunteers, and temple authorities are also working around the clock to support the influx of pilgrims and maintain cleanliness. Held once every 12 years for each river, the Pushkaralu festival has brought not only divine grace but also a wave of festive cheer to Kaleshwaram. The town has emerged as a focal point of spiritual tourism during this auspicious event. With just two days remaining before the conclusion of the 12-day festival, traffic swelled along the Mahadevpur-Kaleshwaram highway as pilgrims arrived in packed vehicles, leading to heavy congestion. District Collector Rahul Sharma and Superintendent of Police Kiran Khare have been on the ground, overseeing crowd control and traffic flow. Telangana Governor Jishnu Dev Varma is scheduled to visit Kaleshwaram on Sunday. He will take part in the sacred rituals at Triveni Sangamam and later offer prayers at the revered Mukteshwar temple.
New Indian Express
24-05-2025
- New Indian Express
70 free shuttle buses arranged for Pushkaralu pilgrims
BHUPALPALLY : Jayashankar Bhupalpally Collector Rahul Sharma has assured pilgrims that elaborate arrangements have been made to ensure smooth access to the Pushkar Ghat. He told TNIE that 70 free shuttle buses are operating from the main bus stand and designated private vehicle parking areas to the ghats. 'There is no need for pilgrims to worry about reaching the ghats. The state government has arranged a free shuttle service to ensure that no one has to walk the two-kilometre distance,' he said. Rahul Sharma further stated that all necessary steps have been taken to handle the increasing number of pilgrims expected over the weekend. 'With only three days left for Saraswati Pushkaralu, we are expecting two lakh pilgrims every day in addition to the regular crowd. Moreover, an additional 80 acres of land have been utilised for vehicle parking.' The Collector said that sanitation workers, police personnel, and volunteers have been deployed to manage crowd movement, maintain hygiene, and ensure the safety of pilgrims.
