Connect with us

Hi, what are you looking for?

Finance

When gloomy headlines gave market a big lift; or did they?

“Stock Markets enter panic mode”, “Madcap selloffs send mid ..

“Stock Markets enter panic mode”, “Madcap selloffs send mid and smallcap stocks tumbling”, “Traders go for bearish bets” – The week gone by saw these kinds of headlines in financial dailies, and guess what happens thereafter?

Not once but every time the market witnesses such pessimism, a recovery is inevitable. Indeed, the market experienced a V-shaped reversal in small and midcap stocks after a panic bottom caused by the ASM measures. Nifty midcap index has declined over 9.8 per cent from the start of 2018 compared with Nifty50s 3 per cent rise. Also, BSE smallcap index dropped to its lowest level since October, 2017 on Tuesday. There are no reasons shares should be sold just because exchanges have imposed stringent rules.

Fundamentals should guide an investor, and not such a one-off event.

Event of the week
After over four years, RBI hiked interest rates by 25 bps which to a layman should be a negative for the market. But the market surprisingly rose, why? Because the rate hike was in the interest of our market to fend off any dollar exodus. The move was in tandem with the global monetary tightening policies adopted by our international peers and not motivated by domestic factors.

Had RBI not raised the interest rate, there could have been a currency attack, which is not in the interest of our country, where 80 per cent of crude oil requirements are imported.

For the first time, HDFC Banks fans were in for a rude shock witnessing dull activity from FPIs on the counter. This could be a new normal. It would be interesting to see how investors look at HDFC from a larger trend perspective given the uncertainties on how the banking world will be disrupted and who will take the lead in disrupting the business model.

The demand for HDFC Bank shares is indeed weak, which should worry domestic investors.

Technical Outlook
Nifty50 and Nifty MidCap indices both have different trade setups. While Nifty50 has limited upside potential, there is a good possibility that the Midcaps would still go higher. The risk-to-reward ratio is far better in midcap shares than in frontline shares. Stop losses for midcap shares are small and potential targets are higher, which offer better risk-to-reward ratios. Buy midcap shares on decline with current weekly lows as stop losses.

Expectations for the week
The domestic equity market can expect a lot of activity in the PSU banking space after the President signed an ordinance to finetune the insolvency law. The Finance Minister and heads of PSU banks have discussed constructive action plans. Any positive outcome on the recovery front should lead to a rerating of PSU banks.

Few banks like Indian Bank and Vijaya Bank, hopefully, should perform better, as their books are cleaner than their PSU peers. Additionally, markets are likely to take cues from global macros, as news flow on the domestic floe is almost over for now.

On the industry front, we believe pharma stocks have made a confirmed double bottom pattern on the charts and have started an upward journey. Investors with a long-term investment horizon can pick pharma stocks in their portfolios.

For the week, Nifty50 closed 0.66 per cent higher at 10,767.

Original Article

[contf]
[contfnew]

ET Markets

[contfnewc]
[contfnewc]

57 Comments

57 Comments

  1. hcqs pill

    August 15, 2021 at 1:26 am

    hydroxicloriquin https://plaquenilx.com/# hydroxychloroquine cures

  2. PatrickSep

    August 26, 2021 at 4:33 pm

  3. cialis coupon

    September 2, 2021 at 7:10 am

  4. hydroxychloroquineEi

    September 8, 2021 at 11:06 am

    side effects of hydroxychloroquine hydroxychloroquine sulfate 200mg hydroxychloroqine

  5. bactrim dosage

    September 24, 2021 at 2:31 am

    trimethoprim sulfamethoxazole trimethoprim sulfa

  6. provigil200mg

    September 24, 2021 at 2:31 am

    modafinil adhd adrafinil vs modafinil

  7. prednisolon

    September 24, 2021 at 2:31 am

    https://deltasoneprednisone.com/ prednisolone price us

  8. provigilonline

    September 24, 2021 at 2:33 am

    order modafinil modafinil drug test

  9. accutane ipledge

    September 24, 2021 at 2:33 am

    buy isotretinoin isotretinoine

  10. priobelolo

    September 27, 2021 at 1:08 am

    hydroxychloroquine ingredients https://hydroxychloroquinex.com/ chloroquine over the counter hydroxcloroquine

  11. pharmaceptica.com

    September 28, 2021 at 6:22 am

    side effects of tadalafil https://www.pharmaceptica.com/

  12. provigilmedication

    October 1, 2021 at 8:56 am

    modafinil pill provigil price

  13. bactrim ds side effects

    October 1, 2021 at 9:49 am

    sulfamethoxazole trimethoprim https://bactrimxazole.com/

  14. prednisonedosage

    October 7, 2021 at 10:00 pm

    prednisone and covid vaccine interactions for prednisone

  15. modafinilforsale

    October 7, 2021 at 10:00 pm

    modafinil reddit modafinil reviews

  16. buy isotretinoin

    October 7, 2021 at 10:00 pm

    isotretinoina isotretinoine

  17. buyprovigil

    October 8, 2021 at 8:03 am

    adderall vs modafinil provigil drug

  18. bactrim side effects

    October 8, 2021 at 8:03 am

    trimoxazole tablets trimethoprim class

  19. buy accutane

    October 14, 2021 at 7:02 pm

  20. prednisolonefordogs

    October 14, 2021 at 7:02 pm

    buy prednisolone tablets prednisone side effects

  21. bactrim side effects

    October 15, 2021 at 3:46 am

    sulfamethoxazole generic name bactrim for uti

  22. modafinilreddit

    October 15, 2021 at 3:46 am

    https://modafinilltop.com/ modafinil reviews

  23. Fawadvatqzww

    October 21, 2021 at 1:44 am

    plaquenil oct chloroquine buy online

  24. evilaaymm

    October 21, 2021 at 1:44 am

    where can i buy hydroxychloroquine buy chloriquine

  25. Fawadvatkspb

    October 21, 2021 at 9:57 am

    hydroxychloroquine 200 mg tablet hydroxychloroquin

  26. Fawadvatjshk

    October 21, 2021 at 9:57 am

  27. Fawadvatzdia

    October 21, 2021 at 4:06 pm

    chloroquine brand name chloroquine phosphate generic name

  28. Fawadvatjnzz

    October 27, 2021 at 3:54 am

    hydroxychloroquine prophylaxis hydroxychloroquine online

  29. evilayony

    October 27, 2021 at 3:54 am

    plaquenil immunosuppressive chlorquin

  30. Fawadvatnwoe

    October 27, 2021 at 12:12 pm

    side effects of plaquenil hydroxychloroquine dosage

  31. Fawadvatcmec

    October 27, 2021 at 12:12 pm

  32. Fawadvatgvjd

    October 28, 2021 at 1:07 am

    aralen retail price hydroxychloroquine sulfate

  33. evilajnuj

    November 2, 2021 at 11:48 am

    https://chloroquineef.com/ plaquenil hydroxychloroquine

  34. Fawadvatyquh

    November 2, 2021 at 11:49 am

    chloroquine malaria chloroquine structure

  35. Fawadvatdqjj

    November 2, 2021 at 8:16 pm

  36. Fawadvatlmgr

    November 2, 2021 at 9:51 pm

    chloroquine hydroxychloroquine plaquenil immunosuppressive

  37. Fawadvatybmi

    November 3, 2021 at 1:44 pm

  38. evilasaog

    November 8, 2021 at 9:30 pm

    clonopine meaning how much does hydroxychloroquine cost

  39. Fawadvatkmgw

    November 8, 2021 at 9:31 pm

    how to get hydroxychloroquine where can i buy hydroxychloroquine

  40. Fawadvatbvmc

    November 9, 2021 at 11:25 am

    hydroxychloroquine generic chloroquine phosphate

  41. Fawadvatmknr

    November 9, 2021 at 9:37 pm

  42. Fawadvatuxey

    November 10, 2021 at 5:46 am

    chloroquine phosphate tablet chloroquine phosphate generic name

  43. Fawadvatxmeb

    November 16, 2021 at 6:22 pm

    plaquenil retinopathy chloroquine 500 mg

  44. evilaqjem

    November 16, 2021 at 6:22 pm

  45. Fawadvatfcfj

    November 18, 2021 at 4:04 am

    hydroxychloroquine covid 19 does hydroxychloroquine work

  46. Fawadvatehba

    November 19, 2021 at 3:50 am

  47. Fawadvatoztw

    November 19, 2021 at 3:33 pm

    https://hydroxychloroqui.com/ chloroquine phosphate brand name

  48. Fawadvatzcsy

    December 23, 2021 at 4:54 pm

    zithromax strep throat zithromax canada

  49. zithromax online prescription

    December 23, 2021 at 4:54 pm

    zithromax online buy cheap zithromax

  50. Fawadvatsobn

    December 25, 2021 at 7:21 am

    zithromax purchase zithromax without prescription

  51. Fawadvatvdkl

    December 25, 2021 at 9:01 pm

  52. zithromax z pak

    December 26, 2021 at 6:27 am

    zithromax z-pak price without insurance buy cheap zithromax online

  53. evilaeknq

    January 1, 2022 at 6:05 am

    zithromax prices zithromax 1000mg

  54. zithromax online prescription

    January 2, 2022 at 8:59 am

    zithromax purchase where can i buy zithromax

  55. zithromax 250mg

    January 2, 2022 at 3:46 pm

Leave a Reply

Your email address will not be published.