IRCTC is locked in 5% UC since a week. If its UC limit wasnt 5%, it would have jumped 20% today.
It had many LCs earlier and a sharp fall from 2K to 800 within a month.
IPO in OCT-19 at issue price of 300 something, listing at 700 something and then rising to 2K and falling to 800 in March...
US markets in green.
Indian Markets likely to follow suit? Many times they do, but many times they buck the trend.
When Modi announced 21 day lock-down, everyone predicted a bloodbath next day. Markets behaved exactly opposite. On CNBC TV-18, in the pre-opening session when market was...
We all know that, given our humongous population, poor system & excessive democracy (vote bank politics), India is not (and perhaps will never be) well-equipped to handle such pandemic.
Modi cannot be blamed for population. He can be blamed for poor system to certain extent. He deserves full...
Till mid Feb 2020 , Nifty was 12K, downfall had not started, there was no worldwide panic about corona and few could have predicted that market would start their 30% fall starting end of Feb.
So the "expert" could have given target of 13700 by March 2020 (not March 2021)
Yes. 7.5K is crucial and if Nifty breaches it, it will test (or taste) 7K. At least that's what many "experts" are saying.
I dont think it will breach that level. There may be a little downside from here but Indian markets are going to go up now. May be slow, may be flat, but limited downside.
SBI is close to its 52wL and at less than half of its 52wH
ICICI's performance is tad better than SBI.
PSUs like ongc, ioc, hindalco are steeply down.
Tata's steel & motors are amongst the biggest losers.
L&T is amongst the worst performers.
RIL is down too but quite reasonably
TCS has been...
Amid the Corona crisis, Markets are down worldwide. Indian markets are no different.
A quick analysis of NIfty50 which shows
52W H/L of Nifty and its 50 constituents,
How far they are from their 52W L/H,
How much they need to rise to regain their 52W H
Pharma is least hit.
Banking is most.
Thanks for the post.
Yes Bank fell 56% (from 36.XX to 16.XX) on the announcement by RBI limiting withdrawals to 50K.
Next few trading sessions, it rose by 77%, 45%, 58% to reach a peak of 60.XX.
After that, for 9 consecutive sessions it declined and was at 22.XX before rising 6% yesterday.
I agree that IRCTC will be the worst hit stock if travel is reduced or frozen for large periods.
You should agree that it will the fastest upward moving stock the moment travel starts to resume.
And we all agree that IRCTC has already taken a hit of more than 50% since the pandemic broke out.