Sunday, October 25
The Nifty formed a red candle on the daily chart on Thursday, but respected the demand zone of 23,460–23,500, settling near the 200-day simple moving average (250-DSMA) support.If the index holds 23,460, a short-term pullback towards 23,800-23,900 is possible. On the higher side, the index will find resistance near the 23,930 mark, where its 200-DSMA is located. Sustaining below 23,460 could trigger weakness towards 23,300-23,200 levels, said Hrishikesh Yedve of Asit C. Mehta Investment Interrmediates.According to the open interest (OI) data, the highest OI on the call side was observed at 23,550 and 23,600 strike prices, while on the put side, the highest OI was at 23,500 strike price followed by 23,550.What should traders do? Here’s what analysts said:Jatin Gedia, Mirae Asset Sharekh
HDFC Securities, a leading broking firm and subsidiary of HDFC Bank, has announced that its Total Asset Under Management (AUM) for mutual funds has surpassed the Rs 25,000 crore mark. This significant milestone is a testament to the company's commitment to helping customers achieve their long-term financial goals through disciplined investing and consistent savings, according to a release. “We are thrilled to have reached this milestone and would like to extend our gratitude to our customers for their trust and loyalty,” said Dhiraj Relli, Managing Director and Chief Executive Officer, HDFC Securities. “Our focus on doing things the right way has enabled us to cultivate a culture of disciplined investing and consistent savings, which has contributed to our growth and success. The SIP
CLSA reaffirmed Bharti Airtel as its top pick in India’s telecom sector while highlighting growth opportunities for Indus Towers, Tata Communications, Bharti Hexacom, Sterlite Technologies, and Vodafone Idea, citing tariff hikes, rising data penetration, and the anticipated Reliance Jio IPO as key catalysts.Bharti Airtel remains the star performer, supported by its strong market position, premium subscriber base, and strategic 5G rollout. CLSA has set a target price of Rs 1,860 for Bharti Airtel, expecting its average revenue per user (Arpu) to reach Rs 290 by FY27.Meanwhile, the brokerage issued ‘outperform’ ratings for Indus Towers and Tata Communications. Other notable recommendations include a ‘hold’ on Bharti Hexacom and Sterlite Technologies, and an ‘underperform’ on Vo
Pune: The average selling price of Mercedes Benz India models in 2024 rose 6% to Rs 95 lakh over Rs 89 lakh in 2023 as buyers lapped up its top end models—those priced at Rs 1.5 crore and above, at a faster pace compared to the year before. Sales of such models that include the Maybach S Class, AMG, GLE to name a few, advanced 30% year-on-year.One in every four cars sold by the local arm of the German luxury carmaker during the year was a top-end one, said a top executive at the luxury car market leader. The weighted average price of Mercedes models was higher than the industry average—it was Rs 95,44,690 for Mercedes against Rs 90,60,996 for the industry, according to JATO Dynamics. “Our average selling prices have gone up significantly. It clearly shows that we are not selling on d
