Latest news with #RahulGhose
Economic Times
3 days ago
- Business
- Economic Times
Markets remain jittery but downside appears limited: Rahul Ghose
The markets continued to remain under pressure as the Nifty logged its fourth straight week of losses. Although the index attempted a recovery in the early part of the week, it failed to move past the previous week's high of 25,250, leading to a broad-based sell-off in the final two sessions. Tired of too many ads? Remove Ads Lets start with your view on the market. How do you see the market these days? Tired of too many ads? Remove Ads How has the earnings season been so far? Does it look like it will only push the market down? Does there seem to be a head & shoulder-like pattern on the daily chart? What's the take on Nifty Bank now? Any trading Strategies for the upcoming week? How does Bajaj Finance look after Q1 results? Another interesting stock these days is IEX. What would be your take on IEX after the entire market coupling scenario? Tired of too many ads? Remove Ads What do you think can support the market now? Any optimism in sight? Which sectors are you focused on now? Any stocks within those sectors? Financials: HDFC Bank, ICICI Bank, Bajaj Finance Industrials: L&T, Siemens Pharma – Torrent Pharma, Cipla, Dr Reddy's The markets continued to remain under pressure as the Nifty logged its fourth straight week of losses. Although the index attempted a recovery in the early part of the week, it failed to move past the previous week's high of 25,250, leading to a broad-based sell-off in the final two sessions. The decline intensified on Friday, with the index breaching key support levels and ending the session with a 0.92% loss. Over the week, Nifty fell by 0.55%, closing at 24, a technical standpoint, the index's structure has weakened significantly. On the daily chart, Nifty had been moving within a 'Rising Channel' pattern since May. However, the breakdown below the lower trendline this week confirms a bearish reversal. Notably, this move was accompanied by a bearish gap, classified as a 'Breakaway Gap,' which lends additional weight to the negative outlook. Furthermore, the index slipped below its 50-day EMA, a critical support level that had held firm until this, Rahul Ghose , Founder and CEO of Octanom Tech and interacted with ET Markets regarding the outlook for the Nifty and Bank Nifty for the upcoming week. The following are the edited excerpts from his chat:The Indian stock market appears somewhat jittery at the moment. We've seen both the Nifty and Sensex drop pretty sharply, although the mood feels cautious now, the downside will be short-lived from here. Much of the action is specific to individual stocks and sectors, particularly when companies announce their quarterly earnings. But even though the Nifty has been making a series of lower highs and lows lately, all is not lost, the downside is very limited and the upside is more might look at the fact that we are about to close the month of July with a dark cloud colour candlestick pattern just around the prior resistance. This is a warning sign for bulls of a potential further downside. However, our earlier view of Nifty possibly making an all-time high before Diwali is still intact, as we feel this pattern will get negated in August, for this quarter have been reasonably good on aggregate, with major companies managing solid profit growth. But the reaction on the street's been mixed—some heavyweight disappointments have hurt overall sentiment, even as several companies posted strong numbers. So, while earnings aren't dragging the market down single-handedly, lacklustre showings from big names are weighing things traders are talking about the possibility of a head & shoulders pattern emerging on the Nifty charts. We aren't there yet—a clear breakdown below 24600 only would confirm it. For now, I'd call the setup 'one to keep a very close eye on.' The next few sessions could be Nifty has been relatively stronger but is still seeing some selling. If it manages to hold above the 56,000–57,000 zone, a rebound can be expected. I'm keeping a neutral stance for now, but a good upside potential will trigger if Nifty closes above 25,200, watching to see how earnings play out for the big Bank Nifty charts are better than the Nifty is a good market for being nimble and disciplined. I'd focus on predefined support and resistance levels, avoid chasing momentum, and look for trades around earnings events. Stock selection really matters right now, and strict stop-losses are vital given the spikes in Finance's first quarter was strong; profits and revenues were up sharply. That said, the stock reacted negatively, mostly because the bar was set so high and the broader market mood is nervous. I'd look for opportunities to add on further dips, especially if its asset quality remains IEX is the dominant platform for electricity spot price discovery in India. However, under the new framework, other exchanges, including Hindustan Power Exchange, will also participate in market coupling operations. This is expected to dilute IEX's influence in the price discovery process and create more equitable market is anticipated that the regulatory change may affect IEX's long-held pricing advantage and trading volumes. This fundamentally alters market structure and puts pressure on IEX's revenue model. Investors will rerate the stock with a structurally weaker the stock is not looking very positive with a strong bearish close on weekly time frames. Such chart structures tend to signify a prolonged sideways movement with limited we see some pleasant surprises on the earnings front, progress on economic reform, or global headwinds easing off, markets could stabilize or even bounce. Certain sectors and companies will likely keep powering ahead, even if the overall mood remains a bit downbeat. The trade deal with India could also be a major factorI'm fairly positive on power/renewables, select private banks and Pharma, capital goods, and to a degree. These areas are showing earnings resilience and have policy tailwinds supporting them.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times
Time of India
3 days ago
- Business
- Time of India
Markets remain jittery but downside appears limited: Rahul Ghose
The markets continued to remain under pressure as the Nifty logged its fourth straight week of losses. Although the index attempted a recovery in the early part of the week, it failed to move past the previous week's high of 25,250, leading to a broad-based sell-off in the final two sessions. The decline intensified on Friday, with the index breaching key support levels and ending the session with a 0.92% loss. Over the week, Nifty fell by 0.55%, closing at 24,830. From a technical standpoint, the index's structure has weakened significantly. On the daily chart, Nifty had been moving within a 'Rising Channel' pattern since May. However, the breakdown below the lower trendline this week confirms a bearish reversal. Notably, this move was accompanied by a bearish gap, classified as a 'Breakaway Gap,' which lends additional weight to the negative outlook. Furthermore, the index slipped below its 50-day EMA, a critical support level that had held firm until now. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Digital Marketing CXO Healthcare Product Management Others Data Analytics Operations Management Cybersecurity Artificial Intelligence healthcare Finance Leadership MCA Design Thinking MBA Degree Technology Public Policy others Data Science PGDM Management Data Science Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details With this, Rahul Ghose , Founder and CEO of Octanom Tech and interacted with ET Markets regarding the outlook for the Nifty and Bank Nifty for the upcoming week. The following are the edited excerpts from his chat: Lets start with your view on the market. How do you see the market these days? The Indian stock market appears somewhat jittery at the moment. We've seen both the Nifty and Sensex drop pretty sharply, although the mood feels cautious now, the downside will be short-lived from here. Much of the action is specific to individual stocks and sectors, particularly when companies announce their quarterly earnings. But even though the Nifty has been making a series of lower highs and lows lately, all is not lost, the downside is very limited and the upside is more open. Some might look at the fact that we are about to close the month of July with a dark cloud colour candlestick pattern just around the prior resistance. This is a warning sign for bulls of a potential further downside. However, our earlier view of Nifty possibly making an all-time high before Diwali is still intact, as we feel this pattern will get negated in August, September. How has the earnings season been so far? Does it look like it will only push the market down? Earnings for this quarter have been reasonably good on aggregate, with major companies managing solid profit growth. But the reaction on the street's been mixed—some heavyweight disappointments have hurt overall sentiment, even as several companies posted strong numbers. So, while earnings aren't dragging the market down single-handedly, lacklustre showings from big names are weighing things down. Does there seem to be a head & shoulder-like pattern on the daily chart? Many traders are talking about the possibility of a head & shoulders pattern emerging on the Nifty charts. We aren't there yet—a clear breakdown below 24600 only would confirm it. For now, I'd call the setup 'one to keep a very close eye on.' The next few sessions could be key. What's the take on Nifty Bank now? Bank Nifty has been relatively stronger but is still seeing some selling. If it manages to hold above the 56,000–57,000 zone, a rebound can be expected. I'm keeping a neutral stance for now, but a good upside potential will trigger if Nifty closes above 25,200, watching to see how earnings play out for the big lenders. Overall, Bank Nifty charts are better than the Nifty index. Any trading Strategies for the upcoming week? This is a good market for being nimble and disciplined. I'd focus on predefined support and resistance levels, avoid chasing momentum, and look for trades around earnings events. Stock selection really matters right now, and strict stop-losses are vital given the spikes in volatility. How does Bajaj Finance look after Q1 results? Bajaj Finance's first quarter was strong; profits and revenues were up sharply. That said, the stock reacted negatively, mostly because the bar was set so high and the broader market mood is nervous. I'd look for opportunities to add on further dips, especially if its asset quality remains robust. Another interesting stock these days is IEX. What would be your take on IEX after the entire market coupling scenario? Currently, IEX is the dominant platform for electricity spot price discovery in India. However, under the new framework, other exchanges, including Hindustan Power Exchange, will also participate in market coupling operations. This is expected to dilute IEX's influence in the price discovery process and create more equitable market dynamics. It is anticipated that the regulatory change may affect IEX's long-held pricing advantage and trading volumes. This fundamentally alters market structure and puts pressure on IEX's revenue model. Investors will rerate the stock with a structurally weaker outlook. Technically, the stock is not looking very positive with a strong bearish close on weekly time frames. Such chart structures tend to signify a prolonged sideways movement with limited upside. What do you think can support the market now? Any optimism in sight? If we see some pleasant surprises on the earnings front, progress on economic reform, or global headwinds easing off, markets could stabilize or even bounce. Certain sectors and companies will likely keep powering ahead, even if the overall mood remains a bit downbeat. The trade deal with India could also be a major factor Which sectors are you focused on now? I'm fairly positive on power/renewables, select private banks and Pharma, capital goods, and to a degree. These areas are showing earnings resilience and have policy tailwinds supporting them. Any stocks within those sectors? Financials: HDFC Bank, ICICI Bank, Bajaj Finance Industrials: L&T, Siemens Pharma – Torrent Pharma, Cipla, Dr Reddy's
Economic Times
20-07-2025
- Business
- Economic Times
Nifty just in pause mode, all-time high possible before Diwali: Rahul Ghose
Markets extended their losing streak for the third consecutive week, with investor sentiment remaining subdued due to a lackluster start to the earnings season and ongoing uncertainty surrounding the US-India trade to the previous week, the benchmark indices showed some strength during the initial three sessions. However, the mood shifted in the latter half, leading both the Nifty and Sensex to end near their weekly lows at 24,968.40 and 81,757.73, respectively. Analyst Rahul Ghose, Founder and CEO, Octanom Tech and interacted with ET Markets regarding the outlook on Nifty and Bank Nifty for the upcoming week. Following are the edited excerpts from his chat: How are you reading the markets right now? Right now, Indian markets are taking a much-needed breather. After a strong run earlier in the year, we've hit a consolidation phase—Nifty and Sensex have been under pressure for a few weeks in a row. There's definitely a sense of caution out there, partly because of mixed global signals and Q1 earnings being in focus. I'd say investors are taking stock and waiting to see which way the wind blows before making big moves. Make no mistake though, that the August month is going to see some big moves in the market in either direction. Are there any global factors that you see that can affect our markets?Definitely—global cues are a big part of the story at the moment. First, persistent FII outflows are weighing on sentiment; foreign investors are pulling back as US rates stay higher for longer, making developed markets a bit more attractive than emerging ones like India for we can't ignore geopolitical tensions and how they've pushed up crude oil prices. Since India is a big importer, that's an immediate worry for both inflation and the rupee. And then there's the recent wave of trade protectionism—we've seen new tariffs and measures from the US and EU, which isn't great news for Indian exporters. All in all, the external environment is a bit choppy. What's your take on the broader Nifty trend, with the index ending lower for the third straight week? The Nifty's certainly feeling the heat after its blistering rally earlier in the year. If you look at the charts, the index is at an inflection point: there's firm resistance at the 25,300 mark and support near the 24500-24800 band. For now, it looks like a consolidation phase, not a reversal. The long-term bullish story remains intact, and I would stick my neck out and say that before Diwali, we might see the Nifty move to all-time high levels; it's just the near term that can see volatile moves. Bank Nifty seemed stronger—how does it look now? Bank Nifty has been the surprising pocket of strength—it's held up better than broader indices so far and has been attracting buyers on dips. Right now, though, it's also showing signs of consolidation. Financial stocks are in a wait-and-watch mode with Q1 results coming in. I'd say Bank Nifty is still on a stronger footing, especially compared to sectors facing margin or demand pressures. Any specific strategies for Nifty and Bank Nifty traders? For Nifty, my advice would be to watch for confirmed breakouts or breakdowns and avoid getting caught in the chop. If we break above 25,255 decisively, there could be quick upside—but keep tight stop-losses at 25,000, as volatility remains Bank Nifty, buying on dips near 56,800–57,000 seems sensible, since the index is drawing buying interest at those levels. But be nimble; set clear exit points because sentiment can change quickly if results underwhelm. FIIs remain net sellers. What do you make of this, and how dependent is the market on FIIs now? Yes, FII outflows are back in focus—over Rs 90,000 crore has left Indian equities this year, and July alone saw a sharp exodus. This is really about global risk-reward equations changing, not anything fundamentally wrong with India. Higher US yields and stretched valuations here mean foreign money is seeking other said, India isn't as dependent on foreign flows as it once was. Domestic investors—both institutional and retail—are much more active and have been buyers on every dip. So, while FIIs can amplify short-term moves, domestic participation is giving our market a lot more resilience. Where did you see a long buildup? What do you recommend among those stocks? We're seeing long positions being built in names like Tata Consumer, Tata Steel, Hindalco, Trent, and M&M—sectors where earnings visibility is strong and thematic tailwinds exist. Out of these, I particularly like Tata Consumer and Trent for accumulation; both have good momentum and structural growth stories. And what about shorting opportunities? Short buildups have shown up in Tech Mahindra, IndusInd Bank, Infosys, SBI Life, and Wipro—mainly IT and a few financials hurt by guidance trims and margin pressure. These could be tactical short candidates, but my advice is to stay nimble here, as oversold bounces are also likely. Let's also discuss Q1 earnings. How has the season turned out so far? Q1 numbers are a bit of a mixed bag. The headline Nifty 50 net profit growth—over 33% YoY—is impressive, but most of that came from margin expansion in consumer and retail names, and a few standout quarters in metals. IT and some global cyclicals have been softer, which is why the market tone is more cautious. What's your view on RIL and Axis Bank after Q1 results? Reliance had a blockbuster quarter, driven by a huge jump in profits from telecom and retail. The Jio 5G rollout and robust retail segment are big positives. The Asian Paints stake sale also gave them a healthy one-off Bank delivered on the operating front, with stable core growth and healthy other income. While the headline profit was down YoY—mainly from base effect and some provisioning—the underlying business looks steady and the outlook remains constructive. How do you see HDFC Bank and ICICI Bank placed now? Both are in a strong spot, barring some short-term volatility. Their loan growth remains robust, digital initiatives are paying off, and asset quality is stable. They're both still 'core portfolio' names for most investors, and any meaningful corrections are likely to draw buyers quickly. Are any sectors outperforming? Yes, consumer durables have been a clear standout—profit growth has exploded, and demand trends look solid. Metals have rebounded thanks to commodity price cycles, and realty stocks are holding up well thanks to strong housing and telecom are also shining, with leaders consolidating market share and improving margins. Can you name any stocks within those sectors? In consumer durables, Titan and Voltas look good. Among metals, Tata Steel and Hindalco are my preferred picks. On the retail side, Trent and DMart are doing everything right, and in telecom, I like Reliance Jio and Bharti Airtel for steady subscriber and revenue growth. Technically too the chart patterns in these suggest buy on dips. Note: In case any specific security/securities are displayed in the responses as examples, these securities are quoted are for illustration only and are not recommendatory. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
20-07-2025
- Business
- Time of India
Nifty just in pause mode, all-time high possible before Diwali: Rahul Ghose
Markets extended their losing streak for the third consecutive week, with investor sentiment remaining subdued due to a lackluster start to the earnings season and ongoing uncertainty surrounding the US-India trade deal. Similar to the previous week, the benchmark indices showed some strength during the initial three sessions. However, the mood shifted in the latter half, leading both the Nifty and Sensex to end near their weekly lows at 24,968.40 and 81,757.73, respectively. Explore courses from Top Institutes in Select a Course Category Operations Management PGDM Others Technology Data Analytics CXO Digital Marketing MBA Healthcare healthcare Finance Data Science Product Management Degree Project Management Public Policy MCA Leadership Management Cybersecurity Artificial Intelligence others Design Thinking Data Science Skills you'll gain: Quality Management & Lean Six Sigma Analytical Tools Supply Chain Management & Strategies Service Operations Management Duration: 10 Months IIM Lucknow IIML Executive Programme in Strategic Operations Management & Supply Chain Analytics Starts on Jan 27, 2024 Get Details Analyst Rahul Ghose, Founder and CEO, Octanom Tech and , interacted with ET Markets regarding the outlook on Nifty and Bank Nifty for the upcoming week. Following are the edited excerpts from his chat: How are you reading the markets right now? Right now, Indian markets are taking a much-needed breather. After a strong run earlier in the year, we've hit a consolidation phase—Nifty and Sensex have been under pressure for a few weeks in a row. There's definitely a sense of caution out there, partly because of mixed global signals and Q1 earnings being in focus. I'd say investors are taking stock and waiting to see which way the wind blows before making big moves. Make no mistake though, that the August month is going to see some big moves in the market in either direction. Are there any global factors that you see that can affect our markets? Definitely—global cues are a big part of the story at the moment. First, persistent FII outflows are weighing on sentiment; foreign investors are pulling back as US rates stay higher for longer, making developed markets a bit more attractive than emerging ones like India for now. Also, we can't ignore geopolitical tensions and how they've pushed up crude oil prices. Since India is a big importer, that's an immediate worry for both inflation and the rupee. And then there's the recent wave of trade protectionism—we've seen new tariffs and measures from the US and EU, which isn't great news for Indian exporters. All in all, the external environment is a bit choppy. What's your take on the broader Nifty trend, with the index ending lower for the third straight week? The Nifty's certainly feeling the heat after its blistering rally earlier in the year. If you look at the charts, the index is at an inflection point: there's firm resistance at the 25,300 mark and support near the 24500-24800 band. For now, it looks like a consolidation phase, not a reversal. The long-term bullish story remains intact, and I would stick my neck out and say that before Diwali, we might see the Nifty move to all-time high levels; it's just the near term that can see volatile moves. Bank Nifty seemed stronger—how does it look now? Bank Nifty has been the surprising pocket of strength—it's held up better than broader indices so far and has been attracting buyers on dips. Right now, though, it's also showing signs of consolidation. Financial stocks are in a wait-and-watch mode with Q1 results coming in. I'd say Bank Nifty is still on a stronger footing, especially compared to sectors facing margin or demand pressures. Any specific strategies for Nifty and Bank Nifty traders? For Nifty, my advice would be to watch for confirmed breakouts or breakdowns and avoid getting caught in the chop. If we break above 25,255 decisively, there could be quick upside—but keep tight stop-losses at 25,000, as volatility remains high. For Bank Nifty, buying on dips near 56,800–57,000 seems sensible, since the index is drawing buying interest at those levels. But be nimble; set clear exit points because sentiment can change quickly if results underwhelm. FIIs remain net sellers. What do you make of this, and how dependent is the market on FIIs now? Yes, FII outflows are back in focus—over Rs 90,000 crore has left Indian equities this year, and July alone saw a sharp exodus. This is really about global risk-reward equations changing, not anything fundamentally wrong with India. Higher US yields and stretched valuations here mean foreign money is seeking other avenues. That said, India isn't as dependent on foreign flows as it once was. Domestic investors—both institutional and retail—are much more active and have been buyers on every dip. So, while FIIs can amplify short-term moves, domestic participation is giving our market a lot more resilience. Where did you see a long buildup? What do you recommend among those stocks? We're seeing long positions being built in names like Tata Consumer, Tata Steel , Hindalco, Trent, and M&M—sectors where earnings visibility is strong and thematic tailwinds exist. Out of these, I particularly like Tata Consumer and Trent for accumulation; both have good momentum and structural growth stories. And what about shorting opportunities? Short buildups have shown up in Tech Mahindra , IndusInd Bank, Infosys, SBI Life, and Wipro—mainly IT and a few financials hurt by guidance trims and margin pressure. These could be tactical short candidates, but my advice is to stay nimble here, as oversold bounces are also likely. Let's also discuss Q1 earnings. How has the season turned out so far? Q1 numbers are a bit of a mixed bag. The headline Nifty 50 net profit growth—over 33% YoY—is impressive, but most of that came from margin expansion in consumer and retail names, and a few standout quarters in metals. IT and some global cyclicals have been softer, which is why the market tone is more cautious. What's your view on RIL and Axis Bank after Q1 results? Reliance had a blockbuster quarter, driven by a huge jump in profits from telecom and retail. The Jio 5G rollout and robust retail segment are big positives. The Asian Paints stake sale also gave them a healthy one-off boost. Axis Bank delivered on the operating front, with stable core growth and healthy other income. While the headline profit was down YoY—mainly from base effect and some provisioning—the underlying business looks steady and the outlook remains constructive. How do you see HDFC Bank and ICICI Bank placed now? Both are in a strong spot, barring some short-term volatility. Their loan growth remains robust, digital initiatives are paying off, and asset quality is stable. They're both still 'core portfolio' names for most investors, and any meaningful corrections are likely to draw buyers quickly. Are any sectors outperforming? Yes, consumer durables have been a clear standout—profit growth has exploded, and demand trends look solid. Metals have rebounded thanks to commodity price cycles, and realty stocks are holding up well thanks to strong housing demand. Retail and telecom are also shining, with leaders consolidating market share and improving margins. Can you name any stocks within those sectors? In consumer durables, Titan and Voltas look good. Among metals, Tata Steel and Hindalco are my preferred picks. On the retail side, Trent and DMart are doing everything right, and in telecom, I like Reliance Jio and Bharti Airtel for steady subscriber and revenue growth. Technically too the chart patterns in these suggest buy on dips. Note: In case any specific security/securities are displayed in the responses as examples, these securities are quoted are for illustration only and are not recommendatory. Economic Times )
Business Standard
17-07-2025
- Business
- Business Standard
Octanom Tech's Hedged.in Wins 'WealthTech of the Year' Two Times in a Row at the Business World Festival of FinTech 2025
NewsVoir Mumbai (Maharashtra) [India], July 17: Octanom Tech, a leading innovator in the WealthTech space, has been awarded the prestigious 'WealthTech of the Year' title at the Business World Festival of FinTech 2025. The award recognises Octanom Tech's commitment to redefining digital wealth management and making smart & safe investing accessible to India's underserved, first-time as well as savvy investors. The recognition was part of the 'India's Fintech Game Changers' showcase, which honoured 35 standout fintech leaders across key verticals including lending, insurance, infrastructure, and digital banking. Octanom Tech was acknowledged for its machine learning driven, behaviour-ally intelligent platform which offers investment solutions that are agnostic to market directions. Rahul Ghose, Founder and CEO, Octanom Tech & said, "Receiving this recognition is a significant milestone--not just for me, but for the mission we've set out to achieve at Octanom Tech. Our goal has always been to level the playing field by making financial planning truly inclusive, data-driven and customer-first. We believe every Indian should have the tools to create wealth without having the fear of market direction--no matter what capital size they start from." With its technology-led model, Octanom Tech is transforming the way retail investors, HNI's & Family offices engage with capital markets. They are one of the only firms in the country who offer Investing & structured products which are not direction dependent, meaning that the alpha generation process is not dependent on the markets going up. The 5th edition of the BW Festival of FinTech brought together leading fintech visionaries, investors, and regulators to explore the future of financial services and honour the trailblazers building a more inclusive financial ecosystem. Octanom Tech is a leading WealthTech firm based out of Bombay and Bangalore dedicated to leveraging advanced technology to create innovative investment solutions. The company's flagship platform, Hedged, is designed to empower investors with lower-risk solutions, AI-driven investment strategies, helping them navigate the financial markets with confidence.
