Amidst escalating geopolitical tensions, Indian markets faced a downturn, with the Nifty and Sensex both declining. Analyst Sudeep Shah suggests a cautious approach, highlighting crucial support levels for the Nifty at 24450 and resistance at 24900. He anticipates pressure on oil marketing and aviation sectors due to rising crude prices, while defense and IT sectors may outperform.
During the five trading sessions ending June 13, the Sensex dropped 1.30% or 1,070 points, settling at 81,119. The index closed lower on three of those five days. However, amid the broader market weakness, 11 BSE 500 stocks recorded gains in all five sessions. (Data Source: ACE Equity)
Spicejet announced a significant profit increase for the March quarter. The airline's standalone profit after tax rose 173% YoY. This marks their highest ever quarterly profit. Spicejet also reported a full-year net profit after seven years. Improved yields and cost optimization drove the growth. The company's Chairman, Ajay Singh, expressed confidence in Spicejet's sustainable growth.
While chasing high investment returns is tempting, consistently saving more proves more effective for wealth accumulation. Anjali, prioritizing savings, surpasses Rahul, who focuses on high-return investments, over time. Increasing savings, especially early on, offers greater control and impact than solely relying on market performance. Automating savings and leveraging strategies like Top-Up SIPs can significantly boost financial growth.
The Nifty50 experienced a weekly loss exceeding 1% due to escalating geopolitical concerns, failing to maintain levels above 25,000. Precise forecasts identified key breakout dates and time-based cycles, accurately predicting market movements. Support and resistance levels were also highlighted, further demonstrating the effectiveness of combining price and time analysis for tactical trading.
Several stocks from the Nifty Microcap 250 index are expected to deliver strong returns over the next year, according to analyst estimates compiled by Trendlyne. Top picks include Rajesh Exports, GMM Pfaudler, Mahindra Lifespace, Senco Gold, and Easy Trip Planners, with potential upsides ranging from 55% to over 210%. Here's a snapshot:
