The Nifty slipped below key support levels on Tuesday after a brief all-time high, with analysts noting a lack of midcap and smallcap participation. Global cues influenced the pullback, but the Nifty's positional trend remains bullish, with support seen between 25,970-26,050. Canara Bank is recommended long, while IndiGo Airlines is suggested for a short position.
When large institutional investors like mutual funds put money into a stock, its often a signal worth paying attention to. These funds carry out extensive research and focus on long-term growth, investing only when theres strong reasoning behind it. But what happens when some of their most favored stocks plummet by as much as 55% from their highs?
Auto sales are showing strong growth, with experts attributing the surge to recent GST cuts. Companies like Maruti Suzuki, M&M, and TVS Motors are standout performers, with expectations of double-digit growth continuing. Promoter block sales in IPOs have had a muted impact, with responsible divestments supporting market stability.
