'Earnings racing off a cliff have some upside risk and low-interest rates will support relatively high valuations'
It would be very important for the banking index to surpass the 36,000 mark to push the benchmark to new highs
Headline valuations are at 10-15 per cent premium to 10-year historical range, but are supported by the lower bond yields in comparison to what we have witnessed in the last decade, Singh said
The traders and investors are cautious of heavy profit booking in the indices. However, there aren't any major technical signals to support this view
The overall economic and market set up is conducive for the mid-market segment to continue doing well, he said
FDI in India is likely to pick up going ahead on the back of a strong rebound in growth, said Frederic Neumann, co-head of Asian economics research at HSBC
On the daily chart, the Nifty MidCap index in reaching the '100% Price Extension' of the previous up move
Piyush Garg, executive vice-president & CIO PMS, ICICI Securities shares his views on the road ahead for the markets and the investing strategies one should adopt
We do not think moderation in earnings will have any significant impact on the market. Hence, we see around 15 per cent upside on Nifty
The S&P BSE Sensex gained 6.5 per cent, or 3,154 points in May on optimism on economic rebound and progress in pandemic fight is expected to evince buying interest across major sectors.
Back in 2017, Mark Galasiewski of Elliot Wave International had reiterated that he expects the S&P BSE Sensex to hit the 100,000 mark by 2024
Nifty50's stability above 15,300-mark shows a further breakout towards 15,700 and 16,000 levels, as per the weekly chart
The rising death toll, slow roll-out of vaccination, and Covid-19 spreading to rural areas may keep the upside in contained in the markets, believe analysts
Those at Motilal Oswal caution against the possible earnings downgrades going ahead due to the mobility restrictions, which they believe has 'muddied sentiment and impaired FY22 earnings visibility
Market movement will depend on the extent of the second wave and also the period for which it lasts, says Dr Poonam Tandon of IndiaFirst Life Insurance
While the market has weakened from its high, it is up significantly over the year, and is trading at multiples that are well above its mean, says Aditya Narain of Edelweiss
Since 2010, the S&P BSE Sensex has given a positive return on six occasions in May, data show. In May 2014, it surged 8 per cent - the biggest percentage-wise gain in May in the last decade
Election results will keep market participants glued to the political landscape for the next few days - probably the most expensive elections from the point of the view of public health
Systematic investment plans (SIPs) will be the preferred mode of portfolio building at this juncture, he said
BofA Securities has cut his positioning towards defensives by downgrading Staples to neutral weight and trimming their overweight positioning for the information technology sector