Hope of a favourable monsoon that could keep inflation under check and nudge the Reserve Bank of India (RBI) to lower interest rates; and the excess cash in the hands of government employees on the back of 7th Pay Commission recommendations has seen
Falling crude oil prices have come as a boon for paint companies such as Asian Paints, Berger Paints (Berger) and Kansai Nerolac (Kansai). Titanium Oxide (a key input for paint companies) is a derivative of crude oil and its prices move in tandem.
Infosys, Asian Paints, Bajaj Auto, Hero MotoCorp, IndusInd Bank, Yes Bank, Kotak Mahindra Bank and Zee Entertainment Enterprises are eight stocks from the Nifty 50 index touching their respective 52-week highs on the National Stock Exchange (NSE) in
Image via ShutterstockHere is a list of top two trading ideas and strategies from Devang Shah of Sharekhan for the coming week:NIFTYCLOSE- 7,749.70 (20.05.2016)Market closed weekly in negative territory.
Stop-long positions at 7,820. Stop-short positions at 7,950. Big moves could go till 8,025, 7,750. A long strangle of long 7,700p (26), long 8,100 (16) could gain 10-15 on a big swing in either direction.
Asian Paints, Berger Paints India, Bajaj Finance, Finolex Industries, IndusInd Bank, KPR Mills, Supreme Industries and Cholamandalam Investment and Finance Company from the BSE-500 index have touch their respective lifetime highs on the Bombay Stock
Asian Paints reported in-line numbers for the March quarter (Q4). Healthy volume growth, estimated at 12-13 per cent, in the domestic decorative paints segment, with continued improvement in industrial paints demand aided revenue.
Nifty held on to the 'Run Away Gap' support area near Rs 7,700 & saw a strong rebound. The occurrence of multiple Doji's at the reversal zone augurs well for the termination of the existing correction.