Sharekhan Analysis and Share Market Trends

Sharekhan is a well-established player in the Indian financial services sector, with a presence in over 1,300 cities across the country.

The company has a strong online presence, with a mobile app that allows users to trade and manage their investments on the go.

Sharekhan offers a range of financial products and services, including equities, derivatives, currencies, and commodities.

The company has a dedicated research team that provides in-depth analysis and recommendations to its clients, helping them make informed investment decisions.

Sharekhan's research team has a strong track record of providing accurate predictions and analysis, which has helped the company build a loyal client base.

Recommended read: Brokerage Charges of Sharekhan

Sharekhan by BNP Paribas recommends buying the Zydus Lifesciences stock, setting a target price of Rs 1078.

Zydus Lifesciences recently reported strong quarterly earnings, with profits up nearly 20% year-over-year.

Revenue dipped slightly compared to the last quarter, but Zydus' management projects double-digit growth in India and the US.

The pharmaceutical giant's strong earnings are a promising sign for investors, making it a stock worth considering.

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Sebi recently imposed a fine of Rs 4 lakh on Sharekhan for violating stock brokers' norms.

The investigation revealed that Sharekhan's Authorized Persons (APs) conducted trades from unregistered locations.

An AP's terminal was operated by an unauthorized individual in one case, which is a serious breach of norms.

Rahul Malani, a representative from Sharekhan, advises investors to consider HDFC Bank as an attractive investment over the next three to four years.

HDFC Bank is expected to experience significant growth by FY27, according to Malani's analysis.

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Market analysts are foreseeing a surge if BJP secures victory on June 4, which could boost the Nifty's rally hopes to cross 24,000.

The Nifty has bounced back from close to the 50-day SMA after four sessions of losses. This indicates a potential change in trend.

April's preliminary US economic data shows unexpected strength in durable goods orders, rising 0.70% against a predicted -0.80% decline.

Sharekhan by BNP Paribas is a reliable source of investment advice.

They recommend buying Zydus Lifesciences stock, setting a target price of Rs 1078. Sharekhan by BNP Paribas sees strong potential in Zydus Lifesciences, with profits up nearly 20% year-over-year.

The pharmaceutical giant recently reported strong quarterly earnings, with profits up nearly 20% year-over-year.

Sun Pharma is a large-cap pharmaceutical company that reported a total income of Rs 13645.39 crore and a net profit of Rs 3030.67 crore for the quarter ending September 2024.

Its promoters hold a 54.48% stake in the company, indicating a strong ownership structure.

The company's current market price is Rs 1785.6, and Sharekhan by BNP Paribas recommends buying the stock, targeting a price of Rs 2264.

This target price is based on Sun Pharma's strong financial performance and growth prospects.

Sharekhan by BNP Paribas has a buy call on Sun Pharma, which could be a good opportunity for investors looking to invest in the pharmaceutical sector.

The Nifty index is stuck in a trade range of 22,400-22,600, and traders should be aware of this before making any decisions on Wednesday.

The index is showing a positive signal by managing to hold above its 20 and 50-day Simple Moving Average (SMA).

A concentration of Open Interest at the 22,400 level suggests potential support at this level.

Nifty is making a higher high on both the daily and weekly charts, indicating a potential uptrend.

PSU bank stocks have fallen up to 34% in a year, facing challenges like deposit market share loss, weak margins, and competition from private banks.

Mirae Asset's acquisition of Sharekhan has enabled the company to leverage global expertise and enhance its offerings.

The acquisition aligns with Mirae Asset's vision of establishing a strong presence in India's retail brokerage market.

Gautam Kalia, Head of Super Investor at Mirae Asset Sharekhan, is a multi-faceted leader with passions in diving, music, and gaming.

Nifty ended above its 21 EMA, which is a sign of a strong recovery.

The index saw a gap-up opening on Wednesday, and call writers (bears) were seen exiting with additional PUT writers at all strikes from 21,500 until 22,200. This led to the sharp recovery in the 50-stock index.

Nifty surged 733 points on Wednesday, a significant gain that caught many by surprise.

Analysts believe that the election results could favor a crossing of 24,000, and the bulls are eyeing 23,500 resistance.

India VIX has dropped 15%, indicating a decrease in market volatility and predicting Modi's re-election.

The Nifty has formed a small Hanging Man candle, a bearish reversal signal. This could indicate a potential reversal in the short-term trend.

The index has been trading in a tight range between 22,400 and 22,600, suggesting a lack of clear direction. This range-bound behavior could be a sign of uncertainty in the market.

Bulls dominate the market, eyeing 23,500 resistance, but the Nifty has violated the higher-top and higher-bottom formations, suggesting a change in the short-term trend. This could lead to significant swings in either direction once the Lok Sabha election results become apparent.

The substantial rally of over 3% on Monday, coupled with a 15% decline in the India VIX fear gauge, indicates that market anticipation for a negative surprise has diminished. However, this could also mean that the market is due for a correction.

Call writers (bears) are seen exiting with additional PUT writers at all strikes from 21,500 until 22,200, leading to a sharp recovery in the 50-stock index. This could be a sign of a short-term bounce, but it's essential to monitor the market's behavior closely.

The India VIX has been trending downward, predicting Modi's re-election, which could lead to a potential crossing of 24,000 if election results favor. However, it's crucial to remember that the market can be unpredictable, and significant swings are possible.

The concentration of Open Interest at the 22,400 level implies potential support at this level, making it a key level to watch. Additionally, PSU bank stocks have fallen up to 34% in a year, facing deposit market share loss, weak margins, and competition from private banks.

Despite strong earnings, analysts favor large private banks over PSU lenders, and Kotak Institutional Equities remains cautious about the entire banking segment. This could have a significant impact on the market, especially if the RBI's interest rate cut does not lead to a substantial improvement in lending conditions.

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The Nifty formed an Inside Bar pattern on the daily chart on Monday, closing 33 points lower. This pattern suggests a potential reversal in the market's trend.

The India VIX recorded a surge of over 13% on Monday, indicating increased volatility. This could be a sign of upcoming market fluctuations.

Analysts see strong support at 23,300, which could be a key level to watch. If the Nifty breaks below this level, it may trigger panic.

A decisive breakout above 23,500-23,600 could push the Nifty toward 24,000. This would be a significant move, indicating a strong upward trend.

Commodity prices are a key factor for Britannia's future. The company's quarterly results were in line with expectations, showing higher-than-expected revenue.

Britannia's margins remained strong, supported by stable commodity prices. Despite recent price cuts, commodity prices had a positive impact on the company's gross margin.

A notable 200 bps rise in gross margin was influenced by commodity price trends. This is a significant development for the company's financial performance.

Additional reading: Commodity Broker Career

Investors would react to not just the exit poll predictions, but also India's Q4 GDP numbers, which came in at 7.8%, much higher than the Street estimates.

The outcome of the PCE data in the US, the Fed's preferred gauge of inflation, will likely have a significant impact on global markets.

Market analysts expect public sector companies, engineering, power, and banks to lead the rally on Monday.

Short covering by foreign investors could also add to the rally, as Gaurav Dua of Sharekhan by BNP Paribas mentioned.

Better-than-expected growth of 8.2% in GDP numbers, released late on Friday, might give the bulls further steam.

Mirae Asset is aiming high in the Indian securities market, with a goal to reach the top 5. This is a significant ambition, considering the company has already made some impressive moves.

Mirae Asset has made a major acquisition, purchasing Sharekhan, India's 9th-largest brokerage, for $360 million in December 2023. This strategic move is likely to boost their presence in the market.

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In fact, Mirae Asset's Indian subsidiary has surpassed $21.8 billion in Assets Under Management (AUM) as of June 2024. This is a remarkable achievement, demonstrating the company's growing influence in the industry.

Mirae Asset has also been expanding its retail client base, surpassing 2 million accounts in October 2024. This is a testament to their commitment to serving individual investors.

Here's a brief overview of Mirae Asset's progress in the Indian securities market:

Their goal to reach the top 5 in the Indian securities market is ambitious, but with their current pace and strategic moves, it's not impossible.

Mahindra Lifespace Developers is a preferred pick for Sharekhan by BNP Paribas due to its strong potential to scale up in the realty upcycle.

Sharekhan by BNP Paribas believes that Mahindra Lifespace has a solid foundation to take advantage of the current realty upcycle.

Gold prices declined on Monday as traders awaited further U.S. economic data following recent indications of stabilized inflation, raising expectations for a potential interest rate cut by the Federal Reserve later in the year.

This economic stability could have a positive impact on the real estate sector, making Mahindra Lifespace's potential for growth even more promising.

Traders are keeping a close eye on the U.S. economic data, which could influence the Federal Reserve's decision on interest rates.

Mirae Asset's acquisition of Sharekhan in December 2023 marked a significant milestone in the Indian securities market, with the deal worth $360 million.

Sharekhan's client base has been steadily growing, and in August 2023, Mirae Asset was seeking to buy India's 9th-largest brokerage, Sharekhan.

In the same month, Mirae Asset was already the No. 1 among overseas asset managers in India, as of September 2023.

By the end of 2023, Sharekhan was acquired by Mirae Asset, expanding its presence in the Indian market.

Mirae Asset's Indian subsidiary has been performing well, surpassing $21.8 bn in AUM in June 2024.

In October 2024, Mirae Asset India surpassed 2 million retail client accounts, a significant achievement in the asset management space.

Here's a brief timeline of Sharekhan's growth and milestones:

As a Sharekhan investor, you'll appreciate the user-friendly interface of their mobile app, which allows you to trade on the go.

Sharekhan's mobile app offers a wide range of features, including real-time quotes, charts, and news updates.

You can easily place orders, check your account balance, and even monitor your portfolio's performance with just a few taps on your screen.

Sharekhan's mobile app is available for both Android and iOS devices, making it accessible to a wide range of users.

With Sharekhan, you can trade in over 3,000 stocks, including some of the largest and most liquid stocks in the market.

Their extensive research reports and analysis will help you make informed investment decisions.

Sharekhan's research team provides in-depth analysis of market trends, economic indicators, and company performance.

You can access their research reports online or through their mobile app.

Their team of experienced analysts will help you stay up-to-date with the latest market news and trends.

Sharekhan has been acquired by Mirae Asset Financial Group, which will enable it to leverage global expertise and expand its reach in India's retail brokerage market.

Gautam Kalia, the Head of Super Investor at Mirae Asset Sharekhan, is a multi-faceted leader with passions in diving, music, and gaming.

Mirae Asset has completed the acquisition of Sharekhan, enabling Sharekhan to leverage Mirae Asset's global expertise to enhance its offerings and expand its reach.

The acquisition aligns with Mirae Asset's vision of establishing a strong presence in India's retail brokerage market.

Gautam Kalia, Head of Super Investor at Mirae Asset Sharekhan, is a multi-faceted leader with passions in diving, music, and gaming.

Bosch is a leading technology and critical component supplier to leading original equipment makers (OEMs) in the domestic market.

The company has been continuously focusing on localization, which would result in a shift of operating expenses to capital investments.

This shift is expected to improve operating performance in the coming years, according to Abhishek Gaoshinde of Sharekhan by BNP Paribas.

Nifty showed strength, rebounding from the middle of the Bollinger band after an intraday dip, noted Dr Praveen Dwarakanath, VP at Hedged.in.

The momentum indicators on the hourly chart signalled recovery, supporting a bullish close.

Options data suggests a range-bound movement, with put writing at 23,300 and below, and call writing at 23,500 and above.