596: A morning walk down Dalal Street | Bulls will regain control if Nifty closes above 10,620
A lackluster week for Indian equity markets but bulls manage to take the lead in the holiday-shortened week. The S&P BSE Sensex rose 0.4% while the Nifty50 gained 0.3 percent for the week ended November 9. The positive takeaway was that Sensex reclaimed 35000 while the Nifty50 had a touch and go moment with 10,600. For the week, crucial support for the index is placed at 10400-10450 while on ...
5m Nov 12, 2018
5m
595: Digging Deeper | Name Change: The Name of the Game in Uttar Pradesh
“Ayodhya is a symbol of our aan, baan aur shaan,” said Chief Minister of Uttar Pradesh Mr. Adityanath recently when he announced the decision to rename Faizabad to Ayodhya. You’ve got to start with the basics – whose aan baan and shaan, Yogiji? The nation wants to know. Mughalsarai train station is now Pt. Deen Dayal Upadhyay station. Allahabad is Prayagraj. In 1998, he went on a renaming spre...
20m Nov 09, 2018
20m
594: Sensex, Nifty end lower, while midcaps outperform; Yes Bank up 5%
5m Nov 09, 2018
5m
593: Stock picks of the day for November 9, 2018
Mangalore Refinery and Petrochemicals Limited: Buy| Target: Rs 94| Stop Loss: Rs 75| Return 14% After a V-shaped recovery from lower levels, the stock surpassed its short-term moving averages and has been consolidating in the range of Rs 78-85 from last three weeks. The consolidation in prices has formed a flag pattern on the daily charts. This week, we have observed positive divergence in th...
5m Nov 09, 2018
5m
592: A morning walk down Dalal Street | Nifty likely to show further momentum once 10,600 is crossed
The S&P BSE climbed 35,000 while the Nifty50 close a tad lower below its resistance level of 10,600. Strong global cues helped Indian market climb crucial resistance levels. US markets rose as investors moved past the US midterm elections without any major political surprises. The 10-year Treasury note yield rose to 3.25 percent on Wednesday, its highest since October. It was a strong 1-hour ...
4m Nov 09, 2018
4m
591: An Evening Walk Down Dalal St, 06 Nov '18 | Markets End Flat Ahead of Diwali
4m Nov 06, 2018
4m
589: Stock picks of the day for November 6, 2018
Sterlite Technologies Ltd: Buy| LTP: Rs 364| Target: Rs 420 | Stop-Loss: Rs 340 | Return 15% Primary trend of the stock has been bullish with higher tops and higher bottoms formation seen on daily charts. The stock recently surpassed its crucial resistance of 365 and broke out from the long consolidation of previous 10-months in October 2018. The stock has remained resilient in the entire dow...
6m Nov 06, 2018
6m
590: The final frontier - Key factors in the Mizoram Assembly election
21m Nov 06, 2018
21m
588: A morning walk down Dalal Street | Nifty likely to face stiff resistance at 10,600-10,700
It was a day of consolidation after a blockbuster rally seen last week when both Sensex and Nifty saw a rally of about 5 percent each. The S&P BSE Sensex closed below its crucial level of 35000 while Nifty slipped below 10,550. The S&P BSE Sensex closed 60 points down at 34,950 while the Nifty50 closed 29 points down at 10,524. Technically speaking, 10440 will act as crucial resistance level ...
4m Nov 06, 2018
4m
587: 05 Nov '18 | Indices see rangebound day of trade, Nifty above 10,500; midcaps fall
The day began on a negative note amid weak global cues. Asian markets were under pressure on the back as investors sensed worries around global growth. There was some pressure on the Indian currency as well and fell below 73 per US dollar again.
5m Nov 05, 2018
5m
586: Podcast | Digging Deeper - Microsoft wins cloud war and pips Amazon
On this Moneycontrol podcast, we dive deep to explore if perhaps for Microsoft , the term "valuable" connotes something beyond its obvious meaning.
19m Nov 05, 2018
19m
585: Stock picks of the day for November 5, 2018
Hindalco Industries Ltd: Buy | Target: Rs 253 | Stop-Loss: Rs 238 | Upside: 5% Hindalco remained in an uptrend trajectory during the last week after trading in a range-bound level over the last one month. It made a correction from price-band of Rs 253 levels towards a low of Rs 216, down by about 14 percent before initiating the current rally trend. It managed to break out from its 200-day le...
6m Nov 05, 2018
6m
584: A morning walk down Dalal Street | Stay neutral, look to buy on fresh breakout above 10,450
A day of consolidation for Indian markets. The S&P BSE Sensex closed just 10 points lower while the Nifty50 failed to reclaim 10,400 levels. Sectorally, capital goods index rose 2.3 percent, realty index was up 2.2 percent while the Metal index closed 1.2 percent higher. On the losing front, IT, FMCG, Telecom saw some bit of profit booking. Technically speaking, analysts feel that if bulls wa...
5m Nov 05, 2018
5m
583: Digging Deeper - India's surge on World Bank's Ease of Doing Business Index
So you’ve heard the news, I assume. As the central government finds itself caught in a battle of wills with the RBI, this news should provide some cheer for the folks in the upper echelons of the administration. India has once more jumped a few places in the “ease of doing business” rankings. 23 places to be precise, so more than just a few. Besides the catchy name, what’s great about that lis...
12m Nov 03, 2018
12m
582: An Evening Walk Down Dalal St, 02 Nov '18 | Sensex and Nifty Post Biggest Weekly Gain Since May 2016
5m Nov 02, 2018
5m
581: Smokehouse Delhi: All You Need to Know About the Smog in Delhi
n his seminal set of novels ‘In Search of Lost Time,’ Marcel Proust invoked the idea of involuntary memory with his famous “Madeleine moment.” Delhi provides for similar ‘delights.’ In Delhi, this time of the year, when your eyes start tearing up; your throat is itchy; your voice is hoarse; you are out of breath when you walk just a few hundred metres; you are coughing for no apparent reason; ...
31m Nov 02, 2018
31m
580: Stock picks of the day for November 2, 2018
Axis Bank Ltd: Buy| Target: Rs 652| Stop Loss: Rs 585| Returns 7% The stock has broken out from the falling channel pattern on the daily charts. The breakout has been accompanied with a smart uptick in traded volumes. Axis Bank has also surpassed and sustained above its long-term 200-DEMA. In addition, positive crossovers on the relative strength index (RSI) further indicates that stock has t...
4m Nov 02, 2018
4m
579: A morning walk down Dalal Street | Stay neutral, buy on fresh breakout above 10,450
A day of consolidation for Indian markets. The S&P BSE Sensex closed just 10 points lower while the Nifty50 failed to reclaim 10,400 levels. Sectorally, capital goods index rose 2.3 percent, realty index was up 2.2 percent while the Metal index closed 1.2 percent higher. On the losing front, IT, FMCG, Telecom saw some bit of profit booking. Technically speaking, analysts feel that if bulls wa...
4m Nov 02, 2018
4m
578: Section 7, RBI, and Central Government: All You Need to Know
On this edition of Digging Deeper with Moneycontrol, we present to you the many narratives around Section 7 of the RBI Act.
13m Nov 01, 2018
13m
577: An Evening Walk Down Dalal St, 01 Nov ‘18 | Banks Gain in a Flat Trading Session
5m Nov 01, 2018
5m
576: Stock picks of the day for November 1, 2018
Aurobindo Pharma Limited: Buy| LTP: Rs 790.30| Target: Rs 925| Stop Loss: Rs 750| Return 17% On the weekly chart, Aurobindo Pharma Ltd has turned upwards after breaking out of a ‘Pennant’ pattern. Further, a sustained trade above Rs 790 will extend the up move towards levels of Rs 830-925. On the daily chart, it has broken out from the channel pattern suggesting bullishness. Moreover, the RSI...
5m Nov 01, 2018
5m
575: A morning walk down Dalal Street | Nifty must hold above 10,280 for move towards 10,480
A day of fireworks on D-Street exactly 1 week before Diwali. The S&P BSE Sensex rallied over 500 points while the Nifty50 came close to 10,400 levels. The final tally – Sensex closed 550 points higher at 34,442 while the Nifty50 jumped 188 points to end at 10,386. Market witnessed short covering rally after the government issued a statement asserting that autonomy of the central bank is essent...
5m Nov 01, 2018
5m
574: The Heart of the Matter - Madhya Pradesh Assembly Elections
In our ongoing series on Moneycontrol where we examine the key trends and factors at play in the five states going into assembly elections, today we head to the heart of the country – Madhya Pradesh. The Bharatiya Janata Party has held power in the central state for fifteen years now, thirteen of which have been under the leadership of incumbent Chief Minister Shivraj Singh Chouhan. In 2005, Mr...
21m Oct 31, 2018
21m
573: An evening walk down Dalal Street for October 31, 2018
A dramatic session ended on a strong note, with the Nifty soaring past 10,380-mark. Investors could have placed positive bets on some commentary by the government in its ongoing spat with the Reserve Bank of India. Additionally, financials received a boost after non-banking financial companies (NBFCs) witnessed a rally. PNB Housing Finance raised over Rs 2,450 crore through commercial papers (...
5m Oct 31, 2018
5m
572: Digging Deeper- A cinematic take on the world of business
Films are a business – a big, messy, sweaty business. From the film franchises in Hollywood that rake in billions to the films here in India, where the benchmark seems to graduate in almost logarithmic fashion – 100 crore clubs are passé, it’s the era of the 1000 crore club – the business of films is a fascinating one. While the business of films – the money involved in everything from the fi...
14m Oct 31, 2018
14m
571: Stock picks of the day for October 31, 2018
Exide Industries Ltd: Buy | Close: Rs 261.45 | Target: Rs 290 | Stop Loss: Rs 240 | Return: 10.92% After a decent correction from its 52-weeks highs, Exide has bounced back strongly from lower levels after taking support around 200-DMA. The Daily Relative strength index (RSI) is trading at 51.78, showing positive momentum and MACD is trading above its signal line. Based on the above observat...
6m Oct 31, 2018
6m
570: A morning walk down Dalal Street | Critical support at 10,100; investors should be selective in stock picking
After a big rally of over 700 points on the Sensex, it looked like a day of consolidation for D-Street. The S&P BSE Sensex slipped below 34K while Nifty50 also failed to hold on to 10,200 levels. The S&P BSE Sensex closed 176 points down at 33,891 while the Nifty50 dropped 52 points to close at 10,198. Sectorally, IT, capital goods, realty and consumer durable stocks rallied while energy, oil...
5m Oct 31, 2018
5m
569: From Trash to Cash: Can India Manage its e-waste Responsibly?
A recent story on Moneycontrol reported that every year, India loses gold worth Rs 6,347 crore as part of e-waste. We also learnt that in 2016, India disposed 728 kilotonnes (kt) Iron, 96.8 kt copper, 110.6 kt Aluminium, 71 tonnes silver, 22 tonnes gold and 9 tonnes palladium. And basically discarded gold and silver worth Rs 6,347 crore and Rs 300 crore in a literal trash heap. Significant in ...
18m Oct 30, 2018
18m
568: An Evening Walk Down Dalal St, 30 Oct '18 | Volatile Session; Nifty Just Under 10,200
4m Oct 30, 2018
4m
567: Stock picks of the day for October 30, 2018
Bharat Forge Limited: Buy | Target: Rs 595| Stop-Loss: Rs 535| Return 6.2% Bharat Forge has been witnessing a correction for the last seven months, after it made a record high at Rs 798 in February 2018. It’s now reached close to the support zone of long-term moving average i.e. 200 EMA on the weekly charts and is likely to see a rebound in the near future. The confirmation indicators are als...
5m Oct 30, 2018
5m
566: A morning walk down Dalal Street | Nifty to face stiff resistance around 10,400-10,500
It looks like it was early Diwali celebration on D-Street. Sensex rallied by more than 700 points while Nifty reclaimed 10,200 levels. The final tally looked like – Sensex closed 718 points higher or 2.15 percent at 34,067 while the Nifty50 rose 220 points to end at 10,250. Positive global cues, fall in crude oil prices, rally in index heavyweights supported market sentiment. All the sectora...
4m Oct 30, 2018
4m
565: Key Factors at Play in the Chhattisgarh Assembly Polls
Chhattisgarh goes to the polls on November 12 and 20. Here is a quick look at seven of several factors that might end up playing a huge role when the people of Chhattisgarh go out to elect the 90-member assembly.
27m Oct 29, 2018
27m
564: Are We Ready for the Bullet Train? A Closer Look at the Indian Railways
In today's Money Control podcast, we dive deep into the question, "How do you solve a puzzle like the Indian Railways?" We say , ''Puzzle" because beyond the aspirations of a 2022 Fully Operational Bullet Train, lie realities like the Amritsar train tragedy on Dussehra this year, routine train accidents, inadequate and ill-maintained infrastructure that results in the crashing of overbridges an...
26m Oct 29, 2018
26m
563: An Evening Walk Down Dalal Street, Oct 29 '18 | ICICI Bank Leads 700 Pt Rally On Sensex!
5m Oct 29, 2018
5m
562: Stock picks of the day for October 29, 2018
Sterlite Technologies: Buy | Target: Rs 363 | Stop-Loss: Rs. 330 | Return: 5% Sterlite Technologies remained in an uptrend trajectory during the last week after trading on a rangebound level for over six months. It made a correction from the price-band of Rs 365 levels towards a low of Rs 281, down by about 23 percent before initiating the current upward trend. It has also managed to break ou...
6m Oct 29, 2018
6m
561: A morning walk down Dalal Street | Weakness in market likely to persist on backdrop of negative global sentiment
India market witnessed a third consecutive week of fall where both Sensex and Nifty fell by over 2 percent each. The Nifty50 retested its crucial support at 10,000 but then bounced back. Both Sensex and Nifty slipped by about 14 percentfrom highs. The Nifty index failed to hold 10,100 support levels which remained crucial for the index and slipped to touch a 7-month low of 10,004 levels. We...
4m Oct 29, 2018
4m
560: Digging Deeper - Plateau not peak: Oil consumption and the future of cars
Oil. It makes the world go round. Literally. Almost all the automobiles, ships, planes and all major machinery, including the generators that chug away for hours to provide electricity in our apartment complexes, run on oil. Oil prices were careening like crazy in the recent past, and oil producing nations were unwilling to ramp up production by much. Given the unpredictable nature of oil pric...
14m Oct 26, 2018
14m
559: Editor's pick of the day - The Role of Anti-Incumbency in the Upcoming Assembly Polls
Toto, we are not in 2018 anymore. We are in a pre-general-election year, and very firmly in state assembly polls year. Only recently, we discussed the state of five states going into elections this coming November-December. In our Pick of the Day, we take a look at what role anti-incumbency may be playing in the three big states where we are set to witness a head-to-head battle between the BJP...
15m Oct 26, 2018
15m
558: An Evening Walk Down Dalal St, 26 Oct '18 | Negative Start to November Series
5m Oct 26, 2018
5m
557: Stock picks of the day: Looking for momentum picks? SBI, Tata Steel can give 14-20% return in 6 months
The Nifty50 formed a Doji like candle on Thursday which signals indecisiveness among the bulls as well as the bears. However, the demand emerged at major support areas of 10,100. We expect the index to undergo a base formation with positive bias amid elevated volatility in the broad range of 10100-10450 in the coming weeks. Historically, within a structural uptrend, secondary corrections of 1...
7m Oct 26, 2018
7m
556: A morning walk down Dalal Street | Selling pressure likely to aggravate once Nifty breaks key support of 10,000
A weak day for India markets as Sensex slipped below 33700 while Nifty closed below its crucial support at 10,138 on the expiry day, weighed down by weak global cues. Nifty Fut rollovers on a provisional basis stood at 75 percent for November series which is higher than 3-month avg of 68 percent and October series rollover of 62 percent. Most Asian stocks declined as concerns mount that corpo...
4m Oct 26, 2018
4m
555: An Evening Walk Down Dalal Street, Oct 25 '18 | RIL, HDFC Twins Drag Sensex
The market erased all its previous day's gains on Thursday with the Nifty closing the last session as well as October series on a negative note. Weak global cues, muted domestic sentiments and sell-off in index heavyweights Reliance Industries and HDFC Group stocks pulled the market sharply lower. The 30-share BSE Sensex lost 481 points intraday, but the positive European cues helped it cut so...
6m Oct 25, 2018
6m
554: Stock picks of the day for October 25, 2018
RBL Bank: Buy| CMP: Rs.493.25 | Target Rs 537| Stop Loss Rs 468| Return 9% After prolong corrective phase, the stock has formed a bottom which indicates a sign of reversal on the daily chart. The counter has taken support at its 200-EMA and it is trading near its trendline support on the weekly time frame charts. In the past, whenever the stock has retraced near its 200-EMA it has respected ...
6m Oct 25, 2018
6m
553: A morning walk down Dalal Street | Key hurdle for Nifty at 10,300
A volatile session for D-Street a day ahead of October F&O expiry. But, the good news is that Sensex managed to climb above 34,000 while Nifty reclaimed 10,200 levels. It looks like bulls after getting battered for four consecutive sessions, got some respite yesterday. Nevertheless, the relief is likely to be a brief one as the selling is expected to set in at higher levels, suggest experts. ...
4m Oct 25, 2018
4m
552: The State of Five States | Assembly Elections in November
The Election Commission on Saturday the October 6 announced the schedule for Assembly elections in five states – Madhya Pradesh, Chattisgarh, Telangana, Rajasthan, and Mizoram.
18m Oct 24, 2018
18m
551: The New Chapters of the Ever-Expanding Paytm Story
Paytm founder Vijay Shekhar Sharma has been depicted in the media occasionally as a little bit of a showboat, his reputation as the country's youngest billionaire on the Forbes 100 list no doubt contributing to it. But recently, many observers were left reeling when news broke that Paytm founder Vijay Shekhar Sharma's close aide and one of his oldest employees, Sonia Dhawan, was arrested on th...
13m Oct 24, 2018
13m
550: An Evening Walk Down Dalal St, 24 Oct ‘18 | Falling Crude Price Props Markets Up
5m Oct 24, 2018
5m
549: Stock picks of the day for October 24, 2018
Colgate Palmolive (India) Limited: Buy| Target: Rs 1,200| Stop Loss: Rs 1,075| Return 7% After testing 1020 levels, the stock witnessed a V-shaped recovery and once again prices surpassed its short and long-term moving averages on the daily charts. Additionally, the stock has also given a breakout above the bullish Flag pattern along with hefty volumes which suggest more upside in coming sess...
5m Oct 24, 2018
5m
548: A morning walk down Dalal Street | Nifty can slip further towards 9,952-10,000
Indian markets ended lower for the fourth straight session in a row, driven largely by weak global cues as well as mixed results from India Inc. The S&P BSE Sensex breached 34,000 while Nifty bounced back after retesting 10,100 levels to hit a 6-month low. The S&P BSE Sensex slipped 287 points to close at 33,847 while the Nifty50 ended 98 points to end at 10,146. The broader market indices als...
5m Oct 24, 2018
5m
545: Digging Deeper: The Singhania Family Saga - The Complete (Man's) Story
Sometime last year, retired tycoon Vijaypat Singhania, who was possibly the inspiration behind Raymond's 'complete man,' in multiple ad campaigns showed us that power without love was nothing but when it came to his own life, the realisation that the opposite may be true, came a bit late. Vijaypat, embroiled in a property dispute with his son Gautam Singhania, sent a message in 2017, to parent...
16m Oct 23, 2018
16m