In the very near term, after the recent sharp rally, some consolidation or small retracement as mean reversion is highly probable.

Benchmark indices ended lower on May 7 dragged by FMCG, pharma, bank, IT and auto stocks

The most active stocks in terms of volumes included Vodafone Idea, Laurus Labs, RBL Bank, State Bank of India, YES Bank, IndusInd Bank, ICICI Bank and Reliance Industries among others.

Buying was seen in the pharma, FMCG, energy, IT and infra space, while selling was seen in the auto, bank and metal sectors.

The Nifty Auto Index has corrected by about 21 percent in the past two months, compared to an18 percent decline in the Nifty.

As far as May is concerned, HDFC Securities feels more Q4 earnings disappointments are likely to strain market during the month.

The Nifty50 formed an ‘Island Reversal’ pattern on the daily charts on May 4 which is a reversal pattern, and the next big support for the index is placed at 9,250, and below that 8,900-8,800, suggest experts.

Experts feel that there are a few factors which investors should keep in mind while buying beaten-down stocks especially at a time when the COVID-19 outbreak has virtually halted the economic activity.

Warren Buffett once again showed investors as to how one can cut losses and preserve cash. The investing phenomenon is dynamic in nature and usually changes over a period of time based on the prevailing trend.

The Nifty Mid-cap 100 was up 15.4 percent in Apr’20, as against the Nifty’s rise of 14.7 percent. In the last 12 months, mid-caps were down 23% as against Nifty’s decline of 16 percent.

As lockdown mode could continue and the government#39;s ability to come out with an aggressive bailout package is limited, it#39;s difficult to make out a case for big upside in the short run.

Markets witnessed a bounce back from the bottom over-optimism on relief measures introduced by government but continuous rise in COVID-19 cases and bad earning season weighed on the sentiments.

The Dow Jones Industrial Average rose 82.68 points, or 0.34%, to 24,216.46, the SP 500 gained 5.47 points, or 0.19%, to 2,883.95, and the Nasdaq Composite dropped 41.05 points, or 0.47%, to 8,689.12.

In commodity markets, U.S. crude futures sank in early trade on worries about oil oversupply, even as some U.S. states and cities around the world start to ease coronavirus pandemic restrictions.

Chinese trade data is expected to show double-digit percentage declines in exports and imports because of the damage from the pandemic to global demand and manufacturing supply chains.

Australian SP/ASX 200 futures rose 0.1% in early trading.

Nifty closed in the green on May 8 but failed to hold the crucial 9,300-mark to form a bearish candle on the daily charts as the closing was much lower than the opening level.

Stocks like Hindustan Zinc, Hindalco, Jindal Steel, JSW Steel and Tata Steel gained over 1 percent from previous close.

Futures on major U.S. and Hong Kong stock indexes were up following gains in a global stock index and an oil price surge of as much as 25%.

Crude inventories rose by 8.4 million barrels in the week to May 1 to 518.6 million barrels, compared with analysts#39; expectations for a build of 7.8 million barrels.

US gas stocks stand at 2210 billion cubic feet which is 19.5 percent higher than 5-year average stocks for this time of the year.

Payne Capital Management's Courtney Dominguez says the high level of investor pessimism indicates the markets may have bottomed. She says savings could make their way into stocks.

Piper Sandler senior technical analyst Craig Johnson says the S&P 500 may trade in a narrow range through the summer before breaking north.

Piper Sandler senior technical analyst Craig Johnson says the S&P 500 may trade in a narrow range through the summer before breaking north.

Stocks, Del, author

A trio of social media stocks is getting pummeled this week, a sign that Wall Street may be unwilling to overlook missteps at some of its Internet darlings.

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RIL would have an exclusivity over gas distribution in these cities for five years as per the gas distribution policy.

Stocks opened higher led by positive global cues. After opening at 4282.25, the BSE was up 24 points with investors eyeing RBI's monetary policy. Stocks to watch

Market opened in positive terrain but slipped into the red within minutes, weighed down by bank stocks. Gainers & Losers I Stocks to watch | Investor's itinerary

Key indices swung between positive and negative on global cues and traders were cautious ahead of RBI's policy. Gainers & Losers I Views & Recommendations

Share prices fell owing to weak global markets and cautious traders ahead of the RBI’s policy review. Gainers & Losers I Stocks to watch | Investor's itinerary

The markets remained subdued weighed down by global weakness and RBI’s policy review keeping traders on tenterhooks. Gainers & Losers I Stocks to watch

China's stock market got wrecked with the Shanghai Composite index crashing by 7.4 per cent. The market now down 19 per cent from its high.

In an interview, Rogers said that instead of buying US stocks, he is investing in Asian markets - Japan, Russia, and China.

As the country faces the prospect of being saddled with record almost 100 million tonnes of foodgrains in the next few months, the government's annual Economic Survey released today said that urgent attention needs to be accorded to efficient food ...

Recommendations of Rangarajan panel on decontrolling sugar sector should be implemented

US stocks ended higher as hopes of easing trade tensions cheered on Wall Street ahead of the upcoming G20 Summit in Japan.

Equity funds account for 42 per cent and 52 per cent of AUMs for HDFC AMC and Nippon AMC, respectively

Asian Paints, Berger Paints India, Kansai Nerolac Paints and Akzo Nobel India slipped in the range of 2 per cent and 5 per cent on the BSE.

Here are the major stocks in focus on May 08, 2020

A slew of government reforms, visible earnings growth in these companies make their stocks good picks even today. Find out which they are

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Expectations of a slow recovery, high fixed costs and debt worries are putting off investors

Here's a look at the top stocks that may remain in focus today

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'Presently market is falling down due to coronavirus. Shall I invest now or wait? Also please suggest some companies?'

Stock market conditions are favorable for Chinese technology firms