Even as the market struggled in shades of red amid intense profit booking, Rohit Srivastava, founder and market strategist at Indiacharts.com, expects Indian benchmark indices to stabilize in a couple of days. Instead of pointing fingers towards signs of a weaker-than-expected majority for the BJP-led NDA, Srivastava blamed a pile-up of short-term traders focused on booking profits to be the cause...

It is good to see some analysts sticking to their convictions in the face of an adverse market trend and without mincing words. Kotak Institutional Equities’ strategists Sanjeev Prasad, Anindya Bhowmik, and Sunita Baldawa have Short Call’s vote for that.From their latest report:“The market is conveniently (1) baking in optimistic profitability and volume assumptions, (2) using wrong valuatio...

The market staged a rebound after significant correction from record highs, but its sustainability will be tested in coming sessions. If Nifty 50 corrects, it may try to take support at 21,900, the low of the last big bearish candle (May 9), also coinciding with a rising support trendline. However in case of further recovery, it may face a hurdle at 22,200-22,300 levels, experts said.On May 10, th...

Indian equity markets may open in red on week’s last trading day. Early trends in the SGX Nifty hinted at a negative start for benchmark index NSE Nifty 50 and BSE Sensex with a loss of 99 points. Global cues were negative as Wall Street indices ended in red overnight and shares in the Asia-Pacific were trading lower on Friday. “The recent move in the index indicates consolidation amid feeble ...

Here is the list of top 10 stocks that will be in focus todayReliance Industries: India's biggest ever auction of telecom spectrum received a record Rs1.5 lakh crore of bids, with Mukesh Ambani's Reliance Jio cornering nearly half of all the airwaves sold with a Rs88,078 crore bid. Reliance Jio on Monday said it is gearing up to roll out an advanced 5G network to make India a global leader in digi...