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Auto cycle turned for best; cost pressures visible in Q4FY21: Kotak MF’s Harsha Upadhyaya Harsha Upadhyaya, CIO-Equity, Kotak Mutual Fund said they expect volume growth CNBC-TV18 Harsha Upadhyaya, CIO-Equity, Kotak Mutual Fund The auto cycle has turned for the best and we expect volume growth, said Harsha Upadhyaya, CIO-Equity, Kotak Mutual Fund on Friday. “We believe the auto cycle has turned and the volume growth should continue, but the only caveat here is that there has been a raw material price increase last quarter, which was not visible in Q3, he said in an interaction with CNBC-TV18. “However, going into Q4 we could see some of these costs showing up and also the advertising and promotion cost could increase a bit as the economy opens further,” said Upadhyaya. ....
Trade setup for Monday: Top 15 things to know before Opening Bell According to Nagaraj Shetti of HDFC Securities, the consolidation movement could continue for the early part of next week before showing further upside momentum in the mid part. Sunil Shankar Matkar December 21, 2020 / 07:13 AM IST The market recouped intraday losses in last hour of trade and ended marginally higher at fresh record closing high on December 18 as gains led by IT, pharma and select FMCG stocks were capped by the selling in select banking & financials, auto and metals stocks. The BSE Sensex rose 70.35 points to 46,960.69, while the Nifty50 gained 19.80 points at 13,760.50 and formed Dragon Fly Doji kind of pattern on the daily charts. The index rose 1.8 percent for the week and witnessed bullish candle formation on weekly scale. ....
Trade setup for Wednesday: Top 15 things to know before Opening Bell For the next 4-5 sessions, 13,400 is an important support to keep an eye on, says Abhishek Chinchalkar of FYERS. Sunil Shankar Matkar December 16, 2020 / 07:16 AM IST The market started off the day on a weak note but gained some strength amid consolidation in the afternoon to close flat with a positive bias on December 15. Benchmark indices ended at fresh record closing highs. The BSE Sensex rose 9.71 points to 46,263.17, while the Nifty50 was up 9.70 points at 13,567.90 and formed a small-bodied bullish candle which resembles a Doji kind of indecisive pattern on the daily charts. ....