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Check out the top gainers from the real estate pack
Price as on 13 Sep, 2022 10:09 AM, Click on company names for their live prices.
JP Morgan on HDFC Life
#BrokerageRadar | JP Morgan on HDFC Life: Maintain Overweight; Upgrade FY24/25E VNB estimates by 6% to get to 21% 3… https://t.co/pfBB0PuVaa
— ET NOW (@ETNOWlive) 1663033036000
The ongoing market rally is primarily driven by the sudden reversal of FII strategy: from relentless sellers to relentless buyers. Retail investor support and fundamental support to the market from a strong economy are aiding the rally. Now, this has become a classic momentum driven market which has the potential to take the indices to new record highs soon. FOMO factor (since this rally was mostly unexpected) and short covering can aid the market momentum further. FII buying is all set to continue since the dollar index has declined to 108.Bank Nifty is likely to be the first sector to touch new record highs since the segment has strong fundamental support and FIIs have turned big buyers in financials. Due to the FOMO factor, the small-cap segment is likely to catch up in this rally.
– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Bajaj Finserv, insurance stocks among top Nifty performers
Bitcoin tops $22,000; Solana, Polygon gain up to 8%
Voda Idea, YES Bank, PNB among most active stocks on NSE
Price as on 13 Sep, 2022 09:23 AM, Click on company names for their live prices.
Sensex Heatmap: Only 3 index stocks trade in the red
OPENING BELL: Nifty reclaims 18K for first time since April, Sensex rises 350 pts; Bajaj Finserv climbs 4%, Infy 1%
While Nifty has persisted with the upside trajectory on anticipated lines, trading ranges narrowed yesterday urging caution. Inability to further gains after entering the 18040-160 band could call for buyers withdrawing at least until 17860.
– Anand James – Chief Market Strategist at Geojit Financial Services
BLOCK DEAL: 4.3 crore shares (2% equity) HDFC Life shares change hands
Price as on 13 Sep, 2022 09:10 AM, Click on company names for their live prices.
Asian stocks up as focus turns to US inflation data
Asian stocks rose on Tuesday as traders in Korea returned from holidays in a mood to catch up on a global bounce, while other markets held steady ahead of U.S. inflation data that will offer a crucial guide to the interest rate outlook.
SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 114.5 points, or 0.64 per cent, higher at 18,056, signaling that Dalal Street was headed for a positive start on Tuesday.
Tech View: Nifty50 forms small bullish candle; upside capped
The Nifty50 on Monday rose for the third straight day. After making a gap-up start, the NSE barometer ended up forming a small bullish candle with an upper wick, reflecting the selling pressure that the index witnessed around the 18,000 level.
Tokyo stocks open higher tracking US gains
Tokyo stocks opened higher on Tuesday, tracking gains on Wall Street, as investors priced in the expectation of further interest rate hikes to tame inflation. The benchmark Nikkei 225 index was up 0.14 percent, or 40.60 points, at 28,582.71 in early trade, while the broader Topix index was up 0.15 percent, or 2.96 points, at 1,983.18.
Wall Street posts fourth straight day of gains ahead of CPI report
Wall Street extended its winning streak on Monday, rallying to a sharply higher close as investors awaited crucial inflation data that could provide clues about the duration and severity of the Federal Reserve’s tightening policy.
Oil prices edge higher on worries over tighter supply
Oil prices edged up early on Tuesday, extending gains from the previous session as investors worried about tight supply ahead of the winter heating season in the Northern Hemisphere. Brent crude rose 5 cents to $94.05 a barrel by 0006 GMT, while WTI crude rose 7 cents to $87.85 a barrel.
Rupee rises 4 paise to close at 79.53 against US dollar
The rupee pared its initial losses and settled 4 paise higher to close at 79.53 against the US dollar on Monday, tracking positive domestic equities and foreign fund inflows.
Sensex, Nifty on Monday
The 30-share Sensex advanced 322 points to end at 60,115.13. This is the first time the index closed above 60,000 since August 18. Its broader peer, Nifty50, ended at 17,936.35, up 103 points.
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