Market undercurrent bullish; 5 stocks that can strike gold; MFI stocks in for selloff

ET Markets Daily Brief | Thu, Aug 18, 2016 | 04:24 PM IST Follow ET Markets

NOT TO MISS #StocksInNews,#Recos,#Expert Views,#IPOs,#Commodities

Nifty50 could see up to 200-300 points correction, but bull market is intact A consolidation or small correction of up to 200-300 pts is likely as the Nifty50 approaches key resistance levels but investors shouldn't worry, say experts. Top 5 champions that can strike gold for you over the next 1 year Brokerages such as Deutsche Bank, Citigroup in separate notes have given buy recommendations on 5 stocks after their June quarter earnings. Contra view: After up to 90% rally, MFI stocks may be ripe for a selloff Most analysts are gung-ho on the microfinance sector on expectations of better credit growth as economic growth has bottomed out and NPA management improved.

Interview One to One People are worried that in the next two or three months, there would be a lot of news flow because of US elections ab... Pankaj Sharma, ED, Equirus Securities

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Market Watch 18 Aug | 04:24PM| SENSEX NIFTY USD/INR GOLD 28151.36 ↑145.99 8676.75 ↑52.70 66.82 ↑0.06 31418.00 ↑50.00

Gainers Losers 18 Aug, 2016, 04:24PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Jubilant Industries Ltd. 215.40 20.00 206486 215.40 175.00 Upper Ganges Sugar & Industries Ltd. 372.75 19.99 788565 372.75 295.00 Sundaram Brake Lining Ltd. 421.95 19.99 39015 421.95 349.00

Tweet of the day... Market will go up for 2 years, you should stay invested

FROM THE NEWSPAPER

RSI shows over 40 stocks trading at overbought levels; should you sell? Almost 41 stocks on the BSE have just crossed an RSI level of 70, which signals overbought status and chances of a correction or consolidation in these stocks. Railways' freight push puts the squeeze on truckmakers The volume growth of MHCVs contracted to 5 per cent in the two months to July after growing by 20-30 per cent in the past two fiscals Investment phase over, payback has now started: RBL "In six years, we have grown the business 20 times and the rate at which we are growing, is a critical component of calculation of price and value." Here's how India bonds with London Stock Exchange In the first week of August, state-owned NTPC listed world's first Indian green masala bonds raising Rs 2,000 crore. Those securities yielded 7.48% with five-year maturity. Government could take call on Raghuram Rajan's successor today Former RBI deputy governor Subir Gokarn, deputy governor Urijit Patel and chief economic advisor Arvind Subramanian are some of the names being considered.

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