The Indian markets started Friday’s session on a positive note amid positive global cues, but erased early gains soon after amid high volatility. The Sensex was up 76.39 points or 0.14% at 52913.60, and the Nifty was up 21 points or 0.13% at 15845 in early trade.
Zomato made a stellar debut on Dalal Street on July 23 as the stock opened at Rs 116 on the NSE, a 52.63% premium to its final offer price of Rs 76.
Milan Vaishnav of Gemstone Equity Research spoke to Money9 and said, “There are no clear signs of a breakout. We need to approach the market with caution. I would focus on Nifty for trading on index. Overall it remains a stock picker’s market”
On the broader market space, he believes while for the day, the space could see traction but not for the short term.
On the sectoral movement, he said that the on metal stocks there may be some upside still left although there may be some choppy movement in the near term.
Godrej Properties | Buy | Target: 1620 | Stop Loss: 1528
Ashok Leyland | Sell | Target: 118 | Stop Loss: 127
(Follow Money9 for latest Personal finance stories and Market Updates)
These nudges may seem insignificant at start, but once applied may prove powerful enough to achieve the impossible
Govt must procure just as much as it needs to meet requirements of consumers entitled to rationed grains plus a buffer for contingencies like Covid-19
One of the key issues with MSPs is that they distort production decisions as many farmers grow wheat because of the assured returns on its cultivation
Small savings banks & their participation will most certainly lead to greater competition in the space — and this competition may lead to consequences