China's dominance in rare earth magnets came through strategic state support and access to raw materials, allowing it to undercut global rivals.
Sensex Today | All sectors ended the special trading session in the green, with capital goods, PSUs, industrials and media leading from the up. Metals, PSU banks, pharma and realty also posted decent gains.
Sensex Today | Stock Market LIVE Updates: Nifty Auto, Nifty Media indices top sectoral gainers xxxxxxxxxxxxxx yyyyyyyyyyyyy zzzzzzzzzzzzzz lllllllllllllllllllllll oooooooooooooooooooo pppppppppppppp %%%%%
Sensex Today | Stock Market LIVE Updates: Nifty Media, Nifty Bank top sectoral gainers at this hour kkkkeeeeellll aaaaaaaaaa jdddddddddddddddddddddddddddddddddddddddddddddddddddddddjw
Sensex Today | Stock Market LIVE Updates: Nifty Auto, Nifty Realty indices top sectoral leaders at this hour, while India VIX spurt 15 percent
Sensex Today | Stock Market LIVE Updates: Nifty Auto, Nifty Pharma top sectoral leaders at this hour
market is likely to witness a flat opening in trades today tracking subdued trading of Nifty and other Asian markets, says SMC Global.
Daniel Zhang's comments come two days after Alibaba announced its largest restructuring in the company's history, which will see it change into a holding company structure with six business units, each with their own boards and CEOs.
Kixx Aims to Become Top Lubricant Brand Around the World, Highlighting Its Advanced Industrial Lubricants
Contract research and manufacturing can remain a long-term secular growth opportunity for India since the sharp rise in global demand in this space for Indian players is positive.
The crucial support for the Nifty is at 8850-8800 and the resistance is at 8969, says Technical Analyst, Prakash Gaba.
According to Stewart & Mackertich, Nifty has support at 8890, 8860 while the Index has resistance at 8980, 9020. According to Stewart & Mackertich, Nifty has support at 8890, 8860 while the Index has resistance at 8980, 9020.
Amisha Vora, Joint Managing Director, Prabhudas Lilladher says markets are showing good amount of resilience. This resilience and inflows could continue, so its still a buy on decline market.
SUMMARY
Auto stocks were in focus as they started announcing February sales data. Maruti Suzuki shares gained half a percent after reporting 10.9 percent growth in February sales year-on-year while Eicher Motors too gained over half a percent as Royal Enfield sales increased 19 percent in the month gone by.
BHEL, Hero Motocorp, ONGC, Axis Bank, Cipla, Bharti Infratel and Power Grid Corp were early gainers while Tata Motors, Bharti Airtel, Tech Mahindra, Idea Cellular, UltraTech Cement and M&M were under pressure.
Auto stocks were under pressure ahead of February sales figures that will be announced on March 1. Bajaj Auto and Hero Motocorp fell 1-1.5 percent. Tata Motors and Maruti Suzuki declined 0.25-0.5 percent.
The global brokerage firm believes that the flows could drive markets up in the near-term but has retained the year end Nifty target at 8,800.
Domestic liquidity is unlikely to dry up any time soon and that could limit market downside, says Harsha Upadhyaya, CIO Equity at Kotak Mutual Fund.
According to Prakash Diwan of Altamount Capital Management, Escorts needs to reinvent itself in newer areas like defence or railways. He said the stock justified its rich valuations and said that is a clear vindication of the faith that people had on the stock.
Experts expect consolidation to continue but don't see major correction in near term. After more or less stable earnings from banks, the market will closely watch third quarter earnings of SBI & Bank of Baroda, country's largest public sector lenders, on Friday.
TCS, HCL Technologies, Tech Mahindra, ITC, M&M and Bharti Infratel rallied 1-2 percent. Tata Steel, Cipla, PNB and L&T were down 1-3.5 percent.
SBI, Adani Ports, ONGC, BHEL and Axis Bank are top gainers while Infosys, Bharti, ICICI Bank, NTPC and Coal India are losers.
Dalal Street caught in bear grip as equity benchmarks fell more than 1 percent and the broader markets shed more than 2 percent. Nifty Auto and Bank indices were down 2 percent each while Realty plunged 4 percent.
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