Buy: Indian Energy Exchange Ltd (IEX) (current price: â‚ą197.00) Why it’s recommended: Stock gave a strong closing near â‚ą195, which is the 50% Fibonacci retracement level from the swing high of â‚ą240 to low of â‚ą150 — indicating potential for further upside towards â‚ą205+. On the lower time frame (15 min), the stock has given…
The Indian stock market benchmark indices, Sensex and Nifty 50, a expected to extend rally and open with on minor gains on Tuesday amid mixed global market cues. The trends on Gift Nifty also indicate a flat start with a positive bias for the Indian indices. In the previous session, the domestic equity market indices…
Indian stock market investors should capitalize on the growth potential of midcap and smallcap segments while having defensives like largecap pharma, IT and consumer in their portfolio, said Vikram Kasat, Head – Advisory, PL Capital – Prabhudas Lilladher. In an interaction with Livemint, Kasat said there is more valuation comfort in largecap stocks and investors…
The medium to long-term outlook for the Indian stock market remains robust and the benchmark Nifty 50 index is expected to give around 11-13% returns in the next twelve months, analysts at brokerage firm Anand Rathi said. While the smallcap stocks are expected to outperform the brokerage firm remains more cautious on midcap stocks and…
Breakout stocks to buy or sell: The Indian stock market benchmark indices, Sensex and Nifty 50, opened higher on Wednesday following an upward momentum in global markets. The Sensex opened 109.19 points, or 0.14%, higher at 79,065.22, while the Nifty 50 opened up 45.40 points, or 0.19% at 24,184.40. Gains were broad-based as the midcap…
