Benchmark indices saw significant gains on Monday, boosted by banking, financial, and power stocks. Tata Technologies remains in a downtrend, Paytm shows signs of weakening, and Dixon Technologies continues to maintain a robust primary uptrend. Analysts offer cautious investment recommendations for the upcoming trading sessions.
Approximately 31 companies will announce their Q3 results, including Tata Technologies, ICICI Prudential Life, and Indiamart. Tata Technologies is expected to report marginal revenue growth and a dip in net profit. Key focus areas include medium-term client spends, Airbus engagements, and technology solutions segment outlook. Investors will closely watch for updates on these aspects.
President Donald Trump said Monday that he expects to put 25% tariffs on Canada and Mexico starting on Feb. 1, while declining to flesh out his plans for taxing Chinese imports.
Shares climbed from the open in Australia, Japan and South Korea, with the MSCI Asia Pacific Index rising as much as 0.8%. US futures extended their rally from Monday when the cash market was closed. Asian currencies strengthened as Bloombergs gauge of the dollar dropped for a second day. Treasuries climbed.
Independent research outfits provide stock advice to investors looking for under-researched investment recommendations but do not have the wherewithal to put 50 lakh at one go in Portfolio Management Services (PMS) or 1 crore in Alternative Investment Funds (AIFs).
To meet redemption requests, the overnight schemes don't have to make any sale transaction before market hours. Instead, these schemes, based on redemption requests, may decide not to reinvest the maturity proceeds to be received on T+1 settlement date.
Kotak shares, which closed at 1,920.5 on Monday, gained 7.5% in the past year and 17% in five years. The Bank Nifty rose 9.6% in one year and 58% in five years.
The 75,772-crore liquidity will be reversed on Tuesday. The move is aimed at easing the liquidity conditions and prevent the call money rates from shooting sharply above the current repo rate of 6.5%.
