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Nilesh Shah warns that a crude oil price surge may negatively affect Indian markets. Global tensions and rising oil prices are concerns. US airstrikes on Iranian nuclear facilities escalate Middle East conflict. Oil price increases are already visible. Shah advises traders to be cautious. He suggests long-term investors use corrections to buy. Availability and prices of oil need monitoring.
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Indias headline indices ended Friday with strong gains helped by bank, energy and IT stocks. Nifty moved up sharply after three days of consolidation, resuming its short-term rally and ending above the 25,100 mark. Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that the Nifty has reclaimed the 21-day EMA, which could provide further momentum for an upward move. Support is now placed at 24,850, and the index remains a buy on dips as long as it holds above this level. On the higher side, it may continue advancing towards 25,350 and beyond, De said.Here are 8 stock recommendations for Monday:
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HDB Financial Services' upcoming IPO, valued at 12,500 crore, sees its grey market premium cooling down, signaling a shift from earlier exuberance. While unlisted shares traded significantly higher previously, the IPO price of 740 aligns with listed NBFC valuations. HDFC Bank, divesting a portion of its stake, stands to gain substantially.
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