Stocks to buy or sell: Dharmesh Shah of ICICI Securities suggests buying SBI, Latent View Analytics today - 16 December
Live MintStock Market News: The main domestic indices, Nifty 50 and Sensex, kicked off the new week with a cautious approach on Monday, as both indices experienced slight declines during the initial session. Market Outlook by Dharmesh Shah, Vice President, ICICI Securities Equity benchmark concluded volatile week on a positive note amid expectation of US Fed rate cut. The fag end buying demand from 61.8% retracement of last up move helped index to recover lost ground as Nifty 50 managed to hold last week's low of 24,000 on expected lines and staged a strong rebound, highlighting inherent strength. Cumulatively both sector carries 50% weightage in Nifty 50. b) Broader market in focus: Ratio chart of Nifty 500 / Nifty 100 recorded breakout from 6 months consolidation, suggesting broader market to outperform going ahead.