Kotak Securities
Nifty shifts support base to 11700 levels
Foreign portfolio investors were net buyers of equities worth Rs 1,870.87 crore which helped market to move up further.
Nifty at its critical support zone of 11200
The market breadth was weak as 962 shares rose and 1,532 shares fell. The Small-Cap Index and Mid-Cap Index lost 0.30 per cent.
Index breaches strong support
The border market saw much severe selling with BSE Mid-Cap Index down 1.58 per cent and BSE Small-Cap Index down 2.13 per cent.
Market to remain choppy
According to technical analysts, the Nifty50 is continuing its corrective fall with intermittent rallies which is later met by declines.
Capex takes a beating in Q3
As such private capital expenditure (capex) has hit a decade low on poor demand growth and lower capacity utilisation.
Meeting demand key for IT firms
According to it, the challenges on talent availability have been contained up to now and managed efficiently by Indian IT firms.
Infosys posts 3.7 per cent rise in Q1 net profit
Kotak Securities’ Sanjeev Zarbade said Infosys results missed the street estimates.
Rupee may hit 67 against dollar in FY2019
Investor sentiment will be cautious, weighing on the local currency, as three major states are going to polls this year.
India Inc’s poor Q1 results signals economy slowing
Market experts pointed out that the weak growth in corporate earnings across sectors points to a broader slowdown.
RBI’s move will help detect NPAs quickly, say experts
Private sector banks such as IDFC Bank, IndusInd Bank and Yes Bank have higher exposure to the telecom sector.