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#DowJones up 400 points (1.2% up)
#Nasdaq up 300 points (2.4%)
#FIIs are back with a bang in Indian markets.
We are just 1200 points away (7% away) from life highs.
Mark my words this will again be one of the most hated rallies.
#nifty50
In last 6 months FIIs used to come and sell in the markets at 2 pm.
Now FIIs are coming and buying at 2 pm.
Market have recovered 150 points from lows.
#nifty50
Very well said.
Market is not punishing the stock only because it's a loss making company (that we knew during IPO)
Surprise for markets was mainly due to the family deal with (Blinkit).
Huge corporate governance problem.
#Zomato
#Zomato delivery based selling in full form.
Humble warning to all retail investors it's not just a 42 rupee stock, but 34500 crore market cap.
We really don't know how much will it get slashed further. Bottom fishing is very high risk.
#infosys results below expectations but strong commentary by the management for the outlook going forward.
Raises the guidance too. This should support the stock from falling much tomorrow.
Results of #ICICIBank is good but was expected so don't expect a huge gap up like last time (stock is aldready up by 15%+ in run up to results)
#RelianceIndustries - Mixed to negative.
#KOTAKBANK - Okish results.
#Infy Low expectations and expecting muted results tomorrow.
#Infosys 4 years back used to kickstart the results season and declare results pre market at around 9.
Then changed to post market.
Now is coming with the results on a Sunday, after a fortnight of the result season kickstarted.
Shows the low confidence of the management.
Results of #ICICIBank is good but was expected so don't expect a huge gap up like last time (stock is aldready up by 15%+ in run up to results)
#RelianceIndustries - Mixed to negative.
#KOTAKBANK - Okish results.
#Infy Low expectations and expecting muted results tomorrow.
One of the busiest weekends for us since top 4 #nifty cos. will be declaring it's results this weekend with combined weightage of 31.3%
#Reliance (aldready out) 12.94%
#infosys 7.73%
#icicibank 7.11%
#kotakbank 3.53%
Monday all these companies will react to it's numbers.
One of the busiest weekends for us since top 4 #nifty cos. will be declaring it's results this weekend with combined weightage of 31.3%
#Reliance (aldready out) 12.94%
#infosys 7.73%
#icicibank 7.11%
#kotakbank 3.53%
Monday all these companies will react to it's numbers.
Very good results from #HUL
Quality companies will deliver in tough times too.
There may be profit booking in near term as stock has risen 15% in expectation of results but long term story is intact.
#HDFCBank Results are not looking good.
๐#PAT is down 12% QOQ
๐#PAT up 15% Up YOY
๐#NII up 14% YOY and only 3.83 % QOQ
๐GNPA at 1.28% vs 1.17% QoQ
๐Stock up 13% in expectation of good results.
๐SGX up 176 points
So an interesting day on Monday.
Ignore the noise and invest in specially large cap IT stocks if you are a long term investor.
Portfolios are created in downturns.
IT stocks are ignoring the rupee depreciation & at some point of time they will factor in this tailwind.
MS on IT
YTD stocks have fallen & underperformed benchmark
Think sector will continue to see headwinds near term & earnings downgrade cycle continue
Downgrade Wipro/HCLT to UW
Selectively OW Tech M, Infosys, MPHL
@Reematendulkar@CNBCTV18News@CNBCTV18Live
FII today again net sold 2839 cr.
DII net bought 1799 cr.
Net selling of 1040 cr. today
FIIs are back to selling after a small pause.
#StockMarket#nifty50#Nifty