The market remained under pressure for three consecutive days, falling more than half a percent on December 18, with breadth favoring bears. About 1,801 shares declined compared to 719 advancing shares on the NSE. Given the weak sentiment, the benchmark indices may extend their southward journey in the upcoming session. Below are some trading ideas for the near term:Shitij Gandhi, Senior Technical...

The market extended losses for the second consecutive session, falling 1.35 percent on December 17 due to selling pressure across key sectors, with negative breadth. A total of 1,727 shares fell against 795 rising shares on the NSE. The benchmark indices may sustain the negative trend, with a focus on the outcome of the two-day Federal Reserve policy meeting, which is due on December 18. Below are...

International brokerage Morgan Stanley has downgraded its rating for Prestige Estates to 'underweight' from the earlier 'overweight' call on the back of the company's slower pre-sales growth. Alongside that, the brokerage also slashed its price target for the stock by 15 percent to Rs 1,510, which implies a potential downside of 11.5 percent from Tuesday's closing level.The ratings downgrade trigg...

A popular theory in the market is that the main reason for banks’ inability to garner low-cost deposits fast enough to match loan growth is that more savers are diverting their money to the stock market. This has led to mutual fund managers blaming the banking lobby for some of the rule changes in recent times. But the theory of the stock market hurting banking deposit growth may be flawed, argu...

Stocks in NewsHere's a quick look at the stocks that will be in focus in trade on Tuesday, covering significant fund-raising activities, major deals, and key appointments announced by companies after market hours on Monday:Stocks To WatchPrestige Estates ProjectsThe Bengaluru-based real estate developer has selected four investment banks (Kotak Mahindra Capital, JP Morgan, JM Financial, and CLSA) ...