Latest Stock Market News

The prevailing supply-side constraints pose uncertainties over the company’s short-term growth rates.

"It does not make sense to book your winners now; rather use this time to get rid of some of the losers and we are doing that in all our portfolios anyways. Just re-jigging the portfolio as results come by, we will get a better view. This is one of the few quarters when one gets a decent one year to have performed.”

When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. Usually, an ex-dividend date is set one or two days before the record date.

“One of the good things in the outreach programme is the trust and belief and loyalty of Bank of Maharashtra customers. Typically, my CASA is in the range of 50% to 54%, which is the average and that is the real good base of the customer which Bank of Maharashtra is having.”

"There are slippages, but it is not overwhelmingly large, like we used to see in the earlier cycle. Coming back specifically to your question, it has to be very bank specific. Potentially, we have to see the merger of HDFC and HDFC Bank being consummated and then we have to see how Kotak would like to take its deposit growth forward."

“The Reliance stock will be in a range until there is no clarity on how things move going forward. But this is an incredibly interesting business for us. It is one of the most innovative companies in the Nifty50 in terms of technology. I like the business but it is going to take time until the demerger. The sum of the parts is greater than the whole.”

“The dominant trend impacting the near-term texture of the market is the sustained selling by FIIs for the eleventh time this month. The simple logic behind sustained FII selling is that India is the only large market where FIIs are still sitting on good profits after the disastrous 2022 performance in most global markets,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Price in strong up trend sustaining above the recent cup & handle breakout area and 20 days EMA signaling continuation of the up move.

Two-thirds of private and public sector chief economists surveyed by the World Economic Forum in Davos expected a global recession this year, with some 18% considering it "extremely likely" - more than twice as many as in the previous survey conducted in September 2022.

The volume behaviour is robust as volumes are higher on up days and lower on down days. The lagging span line has surpassed the cloud resistance with conversion and base line heading north hints at a positive momentum.