Latest News
-
Bajaj Group Stock Declares Rs. 60/Share Dividend: Buy Ahead of Record Date On 28 June? -
Rs 45/Share Dividend: Record Date In Due Course; Buy The IT Stock For Dividend Eligiblity? -
175% Dividend: TATA Group Stock Declares Q4 Results; Buy The Rekha Jhunjhunwala Portfolio Stock? -
2:15 Bonus: Tata Group's Penny Stock Below Rs 90, Gives 2,821% Returns In 5 Years: Announces Q4 Report Card -
Rs. 240/Share Dividend: May 7 Fixed As Record Date; Buy The IT Stock To Be Eligible? -
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy
Market Next Week: Expect Sensex To Surge Past 25,000 Points
Benchmark indices are set for another stellar next week, as risk-on trade is back. It is likely to be a truncated trading week ahead of market holidays on Thursday for Holi and Friday on account of Good Friday.
The month, however, is likely to be the best since Oct 2014, with the index surging from a near 22,600 points on Union Budget day to the current levels of 24,952 points.
Risk-on trade is back, as commodity prices led by crude oil post a smart recovery. The big trigger for the markets this week, was the Fed providing clarity on interest rate hikes. It sees interest rates rising 2 times this year, as against the anticipated 4 times. This led to foreign funds lapping up shares and net buying in the cash market to the tune of a staggering Rs 1700 crores on Friday alone.
The bank Nifty has seen a stellar performance this month, with ICICI Bank and State Bank of India gaining a huge 20 per cent this month alone.
The buoyancy is likely to continue ahead of the RBI's Monetary policy, where it is widely expected to cut interest rates by another 25 basis points.
Going ahead the rally in equities is likely to continue and it would not be surprising, if the Nifty crosses the 25,000 points mark this month ahead of the RBI's Monetary policy.
Banking stocks could lead the rally in trade once again. Select smaller banks like Federal Bank and Karnataka Bank have already seen rallies of close to 20 per cent in the past 1 month. There could be a further rally in these stocks.
Some of these banks are offering pretty decent dividend yields. For example, Karnataka Bank with a dividend payout of 50 per cent, has a dividend yield of 5 per cent.
In any case, the market buoyancy is unlikely to end soon.
GoodReturns.in
