›FII flow, F&O expiry and auto sales data among key factors that will guide market this week
FII flow, F&O expiry and auto sales data among key factors that will guide market this week
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FII flow, F&O expiry and auto sales data among key factors that will guide market this weekBy
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Synopsis
Futures and options contracts for the December series will expire on Thursday. Traders can expect volatility leading up to the day.
During the holiday-truncated week, Sensex inched up 12.85 points, or 0.02 per cent, while Nifty slipped 11.30 points, or 0.08 per cent.
NEW DELHI: After a week that saw the biggest single day crash in seven months, benchmark indices eventually ended flat, much thanks to continued support of foreign institutional investors and passage of a $900 billion stimulus in the US.
Nifty50 maintained its upward momentum for the third consecutive session on Thursday amid the expiry of weekly option contracts. Before closing 148 points, or 1.09 per cent, higher at 13,749, the index shuttled between intraday high and low of 13,772 and 13,627.
In the process, the index formed a bullish candle on the daily chart and a long-legged Doji on the weekly chart. The latter indicated indecision about the future direction.
A long-legged Doji is a candlestick pattern that comprises long upper and lower shadows and has approximately the same opening and closing prices. The candlestick pattern signals indecision about the future direction of the underlying security.
NEW DELHI: Every year, a certain theme decides market movement on Dalal Street and helps a certain sector outperform the others. If one can spot the dominant theme of a year, chances are she will have the widest smile at the end of it.
The themes of 2020 were digitisation and healthcare. In the years before that, the themes of financialization or consolidation in industry decided the winners and losers on Dalal Street.
So, what can be the dominant theme for the next calendar? Analysts who took part in this year s ETMarkets New Year Survey picked themes that were as varied as their investment styles.
Synopsis
Bharti Airtel seems to be a consensus favourite, with many analysts naming it as their top stock pick for 2021.
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These stocks largely belong to the insurance, IT, pharma, chemicals, banking and telecom sectors. Many of these have already seen heavy buying in last one year.
NEW DELHI: Most value investors believe it is better to have a portfolio of a handful of stocks that one can easily track than investing in a dozens of stocks and suffer unwanted losses due to lack of focus.
But it may not be an easy task to find those handful of names from among the 3,000-odd stocks that are actively traded on BSE. So, as a New Year gift to you, we asked a number of Dalal Street analysts, as part of ETMarkets New Year Survey, to do that job for you.
Synopsis
The ETMarkets survey showed near consensus among analysts that the winner of 2021 could be Bharti Airtel. Bajaj Finance is the stock many of them are projecting as likely underperformer of the New Year.
Airtel has started gaining market share, and is now adding more users than Reliance Jio.
NEW DELHI: You may need to reshuffle your portfolio in 2021 and shift towards the laggards of 2020 when it comes to investing in Nifty stocks. That’s what Dalal Street analysts recommended in the ETMarkets New Year Survey.
Nifty includes 50 of the largest and proven names, but not every stock will come out winner at the end of 2020. Pharma and IT stocks had a splendid rally during the year gone by. But if one were go by what analysts are saying, Calendar 2021 may not be as favourable to them.