Latest news with #ShrikantChouhan
Hans India
3 days ago
- Business
- Hans India
GIFT Nifty starts lower by 40 points; key levels to watch in today's session
Declines in private bank and realty GIFT Nifty today pulled GIFT Nifty lower. Analysts expect the market to remain under pressure amid mixed Q1 earnings, continued FII selling and lack of progress on the India-US trade deal ahead of the nearing deadline. Stock market setup 2025 action will likely continue as earnings season gathers pace. Indian stock market update: Today's Forecast for Sensex, Nifty 50 & Bank Nifty Sensex Prediction With the formation of a bearish candlestick on the daily chart and lower high on intraday charts, we could see some more near-term selling. 'Market sentiment will likely remain subdued as long as the Sensex trades below the 81,100 level. If we see some more selling pressure, then there is a possibility of the index retesting the 80,500–80,350 zone. On the other hand, if we see a decisive move above 81,100, then a recovery rally may start, with the Sensex likely to test the 81,400 level. There could be some further room for the Sensex to the 81,700 level,' Shrikant Chouhan, Head of Equity Research at Kotak Securities, told BloombergQuint. Nifty OI Data In the GIFT Nifty pre-market, the 24,800 strike on GIFT Nifty saw the maximum call option interest, which could turn out to be the resistance level. The 24,500 strike on the GIFT Nifty had the most put option interest, which could provide support around that level. So, a firm close above 24,800 would be a pre-requisite to revive the bullish momentum, change the sentiment and move higher, said Hardik Matalia, Derivative Analyst - Research at Choice Equity Broking. Nifty 50 Prediction "The Nifty 50 index lost 0.63% on July 28 for its third straight session of losses." 'The market ended with a weak closing today, giving a red candle with selling on higher levels. It shows that the market is taking some support. If we see a move higher, there could be a strong resistance. Traders can take an opportunity to sell in this situation, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, told BloombergQuint.
Mint
3 days ago
- Business
- Mint
Q1 results today: NTPC, L&T, Asian Paints, Varun Beverages, BOI, Dilip Buildcon to release earnings on July 29
Q1 results today, on July 29: NTPC, L&T, Asian Paints, New India Assurance, Bank of India, Varun Beverages, Deepak Fertilisers, Dilip Buildcon, and Blue Dart are among at least 21 other companies set to release earnings reports today on July 29 (Tuesday). Overall, over 100 firms are listed to announce their Q1FY26 results during the week of July 28-August 2. These include big names such as IndusInd Bank, Asian Paints, NTPC, Tata Steel, Hindustan Unilever, Mahindra & Mahindra, Maruti Suzuki, Sun Pharma, and ITC among others. Investors are keenly watching these for corporate announcements, forward looking statements, revenue outlooks, and share prices, to make calculated investment decisions. At least 21 companies are set to release their Q1 earnings on Tuesday, July 29. These include many public sector (PSU) heavyweights such as NTPC, New India Assurance, and Bank of India and private marquee companies such as L&T, Asian Paints, Varun Beverages, Deepak Fertilisers, Dilip Buildcon, and Blue Dart. Firms releasing their earnings today include, Larsen & Toubro, Asian Paints, NTPC, GE Vernova TD India, Varun Beverages, Apar Industries, Bank of India, Piramal Enterprises, New India Assurance Company, Star Health & Allied Insurance Company, Welspun Corp, Jubilant Pharmova, Deepak Fertilisers And Petrochemicals Corporation, International Gemmological Institute India, Gallantt Ispat, Blue Dart Express, Gabriel India, Allied Blenders & Distillers, Happiest Minds Technologies, Strides Pharma Science, and Dilip Buildcon, among others. The Indian stock market's benchmark indices, Sensex and Nifty, are expected to open on a tepid note today, tracking weak global market cues; while trends on Gift Nifty also indicate a muted start. The Gift Nifty was trading around 24,672 level, a discount of nearly 38 points from the Nifty futures' previous close. Notably, on July 28, the Sensex ended with sharp losses, and the benchmark Nifty 50 closed below 24,700 level. The Sensex cracked 572.07 points, or 0.70 per cent, to close at 80,891.02, while the Nifty 50 settled 156.10 points, or 0.63 per cent, lower at 24,680.90. According to Shrikant Chouhan, Head – Equity Research at Kotak Securities, '…As long as Sensex is trading below 81,100, the weak sentiment is likely to continue. On the downside, the index may correct until 80,500-80,350. On the upside, a break above 81,100 could lead to a pullback rally extending up to 81,400. Further upside may also continue, potentially pushing Sensex up to 81,700.' On Nifty, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities feels that the underlying trend remains weak and one may expect some more declines in the coming sessions. 'The next crucial lower supports to be watched are around 24,500, while immediate resistance is placed at 24,800,' he stated. 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.
Mint
3 days ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50, Trump tariffs to Q1 results today; Eight stocks to buy or sell on Tuesday
Stock Market Today: The markets started a new week on a weak note as the benchmark Nifty 50 index ended 0.63% lower at 24,680.90. The Bank Nifty declined 0.79% to 56,084.90, while most sectors, with the exception of FMCG , led by Metals & Realty, ended in the red. In the broader indices, mid- and small-caps also corrected 0.84-1.26%. As the Nifty is trading below 24,800, the weak sentiment is likely to continue. On the downside, the market may correct to 24,550–24,500. On the upside, a break above 24,800 could lead to a pullback rally extending up to 24,900, as per Shrikant Chouhan, Head of Equity Research, Kotak Securities. For Bank Nifty, the 55,500–55,000 area remains a key support zone as per Bajaj Broking. Markets are currently grappling with headwinds on both domestic and global fronts. On the domestic side, earnings disappointments and persistent foreign fund outflows are dampening sentiment. In the banking space, earlier resilience had helped limit the decline; however, renewed pressure across the sector—except for heavyweights ICICI Bank and HDFC Bank—is adding to participants' concerns. Globally, uncertainty surrounding trade deals, despite strength in the US markets, is contributing to the cautious approach, said Mishra, SVP, Research, Religare Broking. Regarding stocks to buy today, market experts—Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher—recommended these eight intraday stocks for today: Torrent Pharmaceuticals Ltd, UPL Ltd, Punjab National Bank, Dabur India Ltd, REC Ltd, Lloyds Enterprises Ltd, and Syngene International Ltd. Torrent Pharmaceuticals Ltd-Bagadia recommends buying TORNTPHARM at around ₹ 3622.9, keeping Stoploss at ₹ 3496, for a target at 3877. TORNTPHARM is exhibiting strong bullish momentum, currently trading at an all-time high of ₹ 3635. The stock surged by 0.53% in the latest session, reflecting firm buying interest and sustained upward strength. It has convincingly broken out of a multi-month consolidation zone, decisively surpassing the key resistance area around ₹ 3600—a move that confirms bullish continuation and renewed market participation. From a technical standpoint. 2. UPL Ltd-Bagadia recommends buying UPL at around ₹ 729.85, keeping Stoploss at ₹ 704 for a target price of ₹ 781 UPL is currently trading at ₹ 729.85 and is exhibiting strong bullish momentum, supported by a steadily rising price structure and the formation of consistent higher swing lows. On the daily chart, the stock has printed a bullish candlestick and is on the verge of breaking out from a recent consolidation zone. 3. Punjab National Bank—Dongre recommends buying PNB at around ₹ 107, keeping stop-loss at ₹ 104 for a target price of ₹ 114 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 107 and maintaining strong support at ₹ 104. The technical setup indicates the potential for a price retracement towards the ₹ 114 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 104 offers a prudent approach to capturing the anticipated upside. 4. Dabur India Ltd- Dogngre BUY DABUR @ 522 SL 515 TGT 535 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 522 and maintaining strong support at ₹ 515. The technical setup indicates the potential for a price retracement towards the ₹ 535 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 515 offers a prudent approach to capturing the anticipated upside. 5. REC Ltd—Dongre recommends buying REC Ltd at ₹ 392, keeping the stop loss at ₹ 382 for a target price of ₹ 410 In the latest short-term technical analysis, the stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 392 and holding above a key support level at ₹ 382. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 382 to manage downside risk. The target for this trade is set at ₹ 410, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. Lloyds Enterprises Ltd-Koothupalakkal recommends buying LLOYDS ENT at around ₹ 81. Target: 87 Stop loss: 79 The stock, after witnessing a small correction, has consolidated and shown signs of stability. Currently having a bullish candle formation on the daily chart has improved the bias, and we can anticipate a further rise in the coming days. The RSI is currently well placed, indicating a positive trend reversal to signal a buy, and can carry on with the positive move further ahead. With the chart technically looking good, we suggest buying the stock . 7. Syngene International Ltd.-Koothupalakkal recommends buying SYNGENE at around ₹ 690 for a target price of ₹ 730, keeping the stop loss ₹ 675. The stock has witnessed a decent pullback from the ₹ 620 zone, moving past the important 50EMA zone at the 650 level, gaining strength, and a further rise can be anticipated. The RSI is on the rise and has indicated strength to gain further, and with the chart technically looking good, we suggest buying the stock for an upside target of ₹ 730, keeping the stop loss at the ₹ 675 level. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
6 days ago
- Business
- Economic Times
Valuations ahead of earnings — Time for bottom-up value picks: Shrikant Chouhan
Q) The second half of 2025 started on a volatile note. How are you looking at the markets? One of the reasons could be FIIs selling, which continues in July. Live Events Q) IPOs have picked up recently, but EY report highlighted that Indian IPO activity in the first half of 2025 recorded 108 deals raising US$4.6b, demonstrating market resilience despite a 30% decline in transactions. Q) What is the initial sense you are picking up from the June quarter results, which have started to come out? Q) Is the current equity market rally largely liquidity-driven, or are there sufficient earnings fundamentals to back the optimism? Q) SIPs crossed Rs27K – what does it talk about the retail investor behaviour change? Q) Where are the pockets of opportunities coming from? Q) Where is the smart money moving? Q) How should one play the small & midcap space? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel In this edition of ETMarkets Smart Talk, we caught up with Shrikant Chouhan , Head of Equity Research at Kotak Securities , to decode the current market setup amid rising volatility and persistent FII Indian equities trade in a tight range with global uncertainties weighing on sentiment, Chouhan emphasizes the importance of bottom-up, value-driven investing , especially in a landscape where valuations appear to be running ahead of earnings He shares insights on retail investor behaviour, IPO momentum, sectoral opportunities, and why smart money is gravitating toward hospitals, digital-first firms, and capital market-linked businesses. Edited Excerpts –Markets are trading in a tight range, and we believe they will remain directionless until clarity emerges on tariff-related announcements from Mr. Trump. Aggressive buying is absent, as investors are selectively hunting for continue to sell, largely due to stretched valuations and the attractiveness of the US bond market. Additionally, a weaker currency—hovering around 86—adds to the negative sentiment for foreign enthusiasm is being driven by retail flows and QIP money, but sustainability depends on post-listing performance. Value-backed companies will still find takers, even if broader activity moderates.Q1FY26 results so far lack surprises, coming in largely in line or slightly below are witnessing a classic bottom-up approach in the market, supported by strong domestic macro investors are on the right path—sticking to a disciplined strategy that aligns with long-term wealth creation. This shift in behavior seems structural, not a market where valuations run ahead of earnings, the only prudent strategy is selective, bottom-up, and value-driven capital market-linked businesses, and digital-first companies appear to be in the spotlight, steadily attracting fresh investments from informed investors and institutions selection demands caution. Before investing, give top priority to corporate governance, analyze the P&L and balance sheet, and assess the company's market share and business model in depth.: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Time of India
6 days ago
- Business
- Time of India
Valuations Ahead of Earnings — Time for Bottom-Up Value Picks: Shrikant Chouhan
In this edition of ETMarkets Smart Talk, we caught up with Shrikant Chouhan , Head of Equity Research at Kotak Securities , to decode the current market setup amid rising volatility and persistent FII outflows. As Indian equities trade in a tight range with global uncertainties weighing on sentiment, Chouhan emphasizes the importance of bottom-up, value-driven investing , especially in a landscape where valuations appear to be running ahead of earnings . Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Digital Marketing healthcare Artificial Intelligence Leadership Data Analytics Operations Management Data Science Others Product Management Healthcare PGDM others CXO Finance MBA Degree Cybersecurity MCA Technology Public Policy Data Science Design Thinking Management Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Suffering From Pain After Age 50? Do This Every Morning Wellnee Undo He shares insights on retail investor behaviour, IPO momentum, sectoral opportunities, and why smart money is gravitating toward hospitals, digital-first firms, and capital market-linked businesses. Edited Excerpts – Q) The second half of 2025 started on a volatile note. How are you looking at the markets? One of the reasons could be FIIs selling, which continues in July. A) Markets are trading in a tight range, and we believe they will remain directionless until clarity emerges on tariff-related announcements from Mr. Trump. Aggressive buying is absent, as investors are selectively hunting for value. Live Events FIIs continue to sell, largely due to stretched valuations and the attractiveness of the US bond market. Additionally, a weaker currency—hovering around 86—adds to the negative sentiment for foreign investors. Q) IPOs have picked up recently, but EY report highlighted that Indian IPO activity in the first half of 2025 recorded 108 deals raising US$4.6b, demonstrating market resilience despite a 30% decline in transactions. A) IPO enthusiasm is being driven by retail flows and QIP money, but sustainability depends on post-listing performance. Value-backed companies will still find takers, even if broader activity moderates. Q) What is the initial sense you are picking up from the June quarter results, which have started to come out? A) Q1FY26 results so far lack surprises, coming in largely in line or slightly below expectations. Q) Is the current equity market rally largely liquidity-driven, or are there sufficient earnings fundamentals to back the optimism? A) We are witnessing a classic bottom-up approach in the market, supported by strong domestic macro tailwinds. Q) SIPs crossed Rs27K – what does it talk about the retail investor behaviour change? A) Retail investors are on the right path—sticking to a disciplined strategy that aligns with long-term wealth creation. This shift in behavior seems structural, not cyclical. Q) Where are the pockets of opportunities coming from? A) In a market where valuations run ahead of earnings, the only prudent strategy is selective, bottom-up, and value-driven investing. Q) Where is the smart money moving? A) Hospitals, capital market-linked businesses, and digital-first companies appear to be in the spotlight, steadily attracting fresh investments from informed investors and institutions alike. Q) How should one play the small & midcap space? A) Stock selection demands caution. Before investing, give top priority to corporate governance, analyze the P&L and balance sheet, and assess the company's market share and business model in depth. ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
