Trading could be volatile in the forthcoming week as traders roll over positions in the F&O segment from the near month August series to the Septe
We are amidst a strong bull run but there is always a chance of a 5-10% correction which is deemed healthy and reasonable
Considering the present market condition, BofA Securities is positive on 15 largecap stocks.
Sensex and the Nifty retreated after scaling record highs during the week. Fears of the delta COVID-19 variant and Fed's taper talk crackdown impact.
The equity benchmark indices ended with small losses after high volatility for the week ended August 20.
Barring the Nifty FMCG index (up 2.27%) all other sectoral indices ended in the red. The Nifty Metal index plummeted nearly 6.5%.
Tata Steel, shedding over 8%, was the top laggard in the Sensex pack, followed by SBI, Dr Reddy’s, Kotak Bank, Sun Pharma, Bajaj Auto and L&T
The brokerage remained overweight on industrials, given the expectation of multi-year capex upcycle
For the financial year ended March 31, 2020, Grofers witnessed a turnover of Rs 165.27 crore
Fed tapering plans & spread of Delta variant brought Sensex down by 408 points or 0.73% to 55,5,221 while the Nifty 50 index was trading at 16,456.