Despite the substantial losses in the Indian stock market, BSE despite relying on President Donald Trump’s aggressive tariff policy, heavy foreign capital outflows and weakness in domestic macroeconomic indicators. The 10 shares on the 500 index have skyrocketed 15-29% this year (as of February 14th). These stocks are even better in gold, which has brought stellar benefits amidst the weakness of market sentiment.
Trump’s tariff tantrums, global economic uncertainty, weakness in the rupee and central bank purchases are key factors that drive gold prices up.
Meanwhile, FPI sales, concerns over the trade war, weak quarterly revenues and signs of slowing the Indian economy have been heavier in the stock market.
Spot gold prices in India increased 13% from the start of the year against a 3% decline in the NIFTY 50 (YTD).
However, 10 shares on the BSE 500 index have recorded solid double-digit earnings amid stock sales in stock markets.
Top gain for BSE 500 index
According to Capital Market data, SBI Card stocks (up 29.29%) were the most acquired on the BSE 500 index YTD, followed by Navin Fluorine International (up 23.65%) and UPL (up 23.47%).
Furthermore, Bajaj Finance (23% increase), SRF (22.97% increase), Redington (22.72% increase), Bajaj Finserv (17.38% increase), Maruti Suzuki (16.59% increase), Cholamanandalam Investment & Finance Company (15.85% increase). God Free Phillips (up 14.52%) is also up above gold prices.
Shares of Shree Cement (up 10.87%), Tata Consumer (up 11.74%), and Zensar Tech (up 10.24%) have also earned double-digit YTDs. Overall, 13 shares on the BSE 500 index have grown by more than 10% this year.
Top Loser of the BSE 500 Index
However, of the 500 shares on the BSE 500 index, 447 are red on a YTD basis.
The biggest losers are Kaynes Tech (down 45.98%), India’s Whirlpool (down 45.57%), Newgen Software (down 43.60%), Sterling and Wilson (down 43.17%), and Techno Electric & Engineering Company (down 41.09 per person). . ).
Up to 324 shares fell by YTD by more than 10%, but 142 shares fell by more than 20%, while 34 shares crashed by more than 30%.
More pain in the ocean?
The Nifty 50 is currently down about 13% from its all-time high of 26,277. It has been decreasing every month since October last year. Experts believe that the index is in territory where it is not sold, and it is possible that the rebound is on the card.
However, concerns persist. Trump’s customs policy is unclear, and no one knows when FPI sales will cease.
Therefore, the domestic market may continue to experience sales trends. Some experts hope the market will stabilize after March, with numbers improving in the fourth quarter.
According to Osho Krishan, senior analyst at Angel One, price action tests both swing drops, tests lower boundaries, “falling wedge” patterns, indicating bearish feelings in the market.
Krishan believes the breakdowns can lead to significant sales, leading to increased volatility and further downward movement of asset prices.
“From a technical standpoint, the decisive breakdown below the 22,800-22,700 zones (lower bands) could cause fresh rooms at 22,500-22,400 in recent years, rather than a history high of nearly 15%. Resistance could result in some mitigation for market participants, following 23,300-23,350 (20 DEMA and breakdown neckline).
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