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Hans India
4 days ago
- Business
- Hans India
Indian equities outperform global markets in May: Report
Mumbai: The Indian stock markets continued their upward journey in May, supported by a strong economic backdrop and broad-based buying across sectors, a new report said on Tuesday. The Indian equities outperformed several global peers, particularly in the mid- and small-cap segments, driven by solid macro fundamentals and improving investor sentiment, according to PL Asset Management's latest report. Siddharth Vora, Head of Quant Investment Strategies at PL Asset Management, said India's solid economic fundamentals and improved global sentiment offer a positive environment for investors. 'India's resilient macroeconomic landscape, coupled with improving global sentiment, presents a constructive backdrop for equity investors,' Vora added. While the Nifty rose 1.7 per cent to close near the 24,800 mark, mid- and small-cap indices recorded sharper gains. The Nifty Midcap 150 jumped 6.5 per cent and the Smallcap 250 surged by an impressive 9.5 per cent. This strong performance was backed by cyclical sectors like defence, metals and public sector banks, as well as increased retail investor participation. The report noted that India's macro indicators remained healthy, with steady tax collections, easing inflation, robust Purchasing Managers' Index (PMI) data, and rising foreign exchange reserves. These factors helped build confidence among both domestic and foreign investors. The broader market also showed encouraging signs of recovery. The Nifty 500 rose 3.5 per cent, while the Nifty 500 Equal Weight Index outperformed significantly with an 8.5 per cent jump. This suggests that gains were more evenly spread across stocks, rather than being limited to a few large players. Valuations have risen with this rally. The Nifty's price-to-earnings (PE) ratio climbed to 22.3 times, while the price-to-book (PB) ratio stood at 3.6 times. Though mid- and small-cap valuations remain above their five-year averages, PL noted they are still within reasonable one-year bands -- indicating normalisation rather than overheating. In terms of investment styles, quality, momentum, and high-beta stocks were the top performers in May. The Nifty 500 Equal Weight Index gained 8.5 per cent, outperforming the market-cap weighted index. High-beta and momentum strategies rose 8 per cent and 5 per cent respectively, supported by sectoral rotation and improving sentiment. Quality stocks also saw strong interest, gaining 8.5 per cent on the back of good earnings and safe-haven appeal, the report stated.
Time of India
10-06-2025
- Business
- Time of India
Gold vs Silver: Why silver may outperform gold soon; precious metal prices surge, record-breaking rally likely
Silver shows signs of a technical breakthrough, experts say. (AI image) Gold vs silver: Silver prices have reached a significant milestone, surpassing $36 per ounce in international markets, marking their highest level in 13 years during the previous week. Market analysts anticipate the precious metal to align with gold's performance, supported by favourable technical indicators and increased demand driven by a weakening dollar. 2025 has seen international gold prices rising by 43.7%, driven by increased demand for secure investments amidst Donald Trump's tariff policies and global political tensions. Silver has increased by 22.3%. In contrast, the Nifty 50 has risen by 5.7%, whilst Nifty Midcap 150 has grown by 3.6%, and the Smallcap 250 index has decreased by 1.3%. Historical data from Samco Securities quoted in an ET report shows silver's characteristic rapid price movements. Since 2005, in 17 instances of reaching new highs, the metal has delivered average returns of 5.2%, 13.3%, and 26.1% over three-month, six-month, and one-year periods, respectively. Silver Prices Historically Silver shows signs of a technical breakthrough, experts say. Apurva Sheth of Samco Securities notes the presence of a distinctive 'Cup and Handle' pattern visible on both weekly and yearly charts. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Seniors Born 1939-1969 Receive 11 Benefits This Month If They Ask Super Saving Online Undo "This technical formation is often a precursor to explosive breakouts. What makes this instance remarkable is its repetition across timeframes, hinting at deep market structure alignment," said Sheth. On Monday, silver traded at $36.3 per ounce, showing a 0.9% increase in international markets. The metal was valued at ₹1,05,520 per kilogram on MCX in India. "With gold likely to consolidate after a strong run, silver has the potential to outperform," said Ritesh Jain, founder, Pinetree Macro. "If silver holds above $36, it could retest the $50 highs seen during the Hunt Brothers era by the end of this year." Also Read | Gold price rise impact: Value of RBI's gold surges 57% to Rs 4.32 lakh crore Trading opportunities in silver are available through various instruments including Silver Exchange-traded Funds, Silver Fund of Funds, or Silver futures trading on MCX. According to Ramesh Varakhedkar of ICICI Securities, several factors support the anticipated silver rally, including a weakening US dollar, improving US-China trade relations, and the European Central Bank's seventh successive rate reduction. Varakhedkar emphasises silver's importance as both a financial instrument and industrial commodity in the current market scenario. The gold to silver ratio, indicating the number of silver ounces needed to purchase one ounce of gold, reached 91.3 on Monday, marking its lowest point since April 2, noted Varakhedkar. This metric suggests silver presents better value currently. The ratio had previously peaked at 126.55 in March 2020, after which silver prices doubled by August. "In the short-term, silver could rise further to around $37.2, and on the MCX, Silver July contract, short-term price range is expected between ₹102,400 and ₹108,200 per kilogram, provided it maintains above ₹102,400 (currently at ₹1,05,520)," said Varakhedkar. Also Read | Gold vs Nifty 50: Yellow metal emerges as best performing asset in FY25, but Indian equities outperform in long-term Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
10-06-2025
- Business
- Economic Times
Silver prices surge as market anticipates record-breaking rally
The ratio had made an all-time high of 126.55 in March 2020, from where silver prices had doubled by August. Silver is poised for a potential record-breaking surge, surpassing $36 per ounce for the first time in 13 years, driven by technical strength and a weakening dollar. Analysts anticipate silver outperforming gold, potentially reaching $50 by year-end. Favorable technical patterns and expectations of easing trade tensions further fuel the bullish outlook for the white metal. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Silver may be on the cusp of a record-breaking rally after having topped the $36 per ounce mark in international markets for the first time in 13 years late last week. With technical charts pointing to continued strength and a weaker dollar boosting demand for hard assets, analysts expect the white metal to play catch-up rally with gold prices were trading at $36.3 per ounce on Monday, up 0.9% on the international market. In India, it was trading at ₹1,05,520 per kilogram on MCX."With gold likely to consolidate after a strong run, silver has the potential to outperform," said Ritesh Jain, founder, Pinetree Macro. "If silver holds above $36, it could retest the $50 highs seen during the Hunt Brothers era by the end of this year."In 2025, international gold prices have gone up 43.7%, fuelled by growing demand for safe-haven assets in the wake of Donald Trump's tariff actions and geopolitical uncertainties. Silver has rallied 22.3%. In comparision, the equity benchmark Nifty 50 has gone up 5.7%, Nifty Midcap 150 has advanced 3.6% and Smallcap 250 index has declined 1.3%.Silver is known for its short and swift run-ups. In 17 instances since 2005 when it has made a fresh high, the average three-month, six-month and one-year returns thereafter have been 5.2%, 13.3% and 26.1%, respectively, according to Samco the technical charts, silver is pointing to a breakout. Apurva Sheth, head of research at Samco Securities, said a rare 'Cup and Handle' pattern is forming not just on the weekly chart, but also on the multi-decade (yearly) chart."This technical formation is often a precursor to explosive breakouts. What makes this instance remarkable is its repetition across timeframes, hinting at deep market structure alignment," said and traders could bet on the white metal by buying Silver Exchange-traded Funds, Silver Fund of Funds, or by trading in Silver futures on of a sharp rally in silver have been driven by factors such as softening US dollar, renewed hopes of easing trade tensions between the US and Chinese presidents, and the European Central Bank's seventh consecutive rate cut, said Ramesh Varakhedkar, head commodities at ICICI said silver's dual role as both a financial asset and an industrial input makes its current rally particularly the gold to silver ratio - a measure of how many ounces of silver it takes to buy one ounce of gold - stood at 91.3 on Monday, the lowest since April 2, said Varakhedkar. The gauge, which compares the prices of gold and silver, is signalling that silver offers better value at the juncture. The ratio had made an all-time high of 126.55 in March 2020, from where silver prices had doubled by August."In the short-term, silver could rise further to around $37.2, and on the MCX, Silver July contract, short-term price range is expected between ₹102,400 and ₹108,200 per kilogram, provided it maintains above ₹102,400 (currently at ₹1,05,520)," said Varakhedkar.
Time of India
10-06-2025
- Business
- Time of India
Silver prices surge as market anticipates record-breaking rally
The ratio had made an all-time high of 126.55 in March 2020, from where silver prices had doubled by August. Silver is poised for a potential record-breaking surge, surpassing $36 per ounce for the first time in 13 years, driven by technical strength and a weakening dollar. Analysts anticipate silver outperforming gold, potentially reaching $50 by year-end. Favorable technical patterns and expectations of easing trade tensions further fuel the bullish outlook for the white metal. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Silver may be on the cusp of a record-breaking rally after having topped the $36 per ounce mark in international markets for the first time in 13 years late last week. With technical charts pointing to continued strength and a weaker dollar boosting demand for hard assets, analysts expect the white metal to play catch-up rally with gold prices were trading at $36.3 per ounce on Monday, up 0.9% on the international market. In India, it was trading at ₹1,05,520 per kilogram on MCX."With gold likely to consolidate after a strong run, silver has the potential to outperform," said Ritesh Jain, founder, Pinetree Macro. "If silver holds above $36, it could retest the $50 highs seen during the Hunt Brothers era by the end of this year."In 2025, international gold prices have gone up 43.7%, fuelled by growing demand for safe-haven assets in the wake of Donald Trump's tariff actions and geopolitical uncertainties. Silver has rallied 22.3%. In comparision, the equity benchmark Nifty 50 has gone up 5.7%, Nifty Midcap 150 has advanced 3.6% and Smallcap 250 index has declined 1.3%.Silver is known for its short and swift run-ups. In 17 instances since 2005 when it has made a fresh high, the average three-month, six-month and one-year returns thereafter have been 5.2%, 13.3% and 26.1%, respectively, according to Samco the technical charts, silver is pointing to a breakout. Apurva Sheth, head of research at Samco Securities, said a rare 'Cup and Handle' pattern is forming not just on the weekly chart, but also on the multi-decade (yearly) chart."This technical formation is often a precursor to explosive breakouts. What makes this instance remarkable is its repetition across timeframes, hinting at deep market structure alignment," said and traders could bet on the white metal by buying Silver Exchange-traded Funds, Silver Fund of Funds, or by trading in Silver futures on of a sharp rally in silver have been driven by factors such as softening US dollar, renewed hopes of easing trade tensions between the US and Chinese presidents, and the European Central Bank's seventh consecutive rate cut, said Ramesh Varakhedkar, head commodities at ICICI said silver's dual role as both a financial asset and an industrial input makes its current rally particularly the gold to silver ratio - a measure of how many ounces of silver it takes to buy one ounce of gold - stood at 91.3 on Monday, the lowest since April 2, said Varakhedkar. The gauge, which compares the prices of gold and silver, is signalling that silver offers better value at the juncture. The ratio had made an all-time high of 126.55 in March 2020, from where silver prices had doubled by August."In the short-term, silver could rise further to around $37.2, and on the MCX, Silver July contract, short-term price range is expected between ₹102,400 and ₹108,200 per kilogram, provided it maintains above ₹102,400 (currently at ₹1,05,520)," said Varakhedkar.
Economic Times
26-05-2025
- Business
- Economic Times
What does Nifty's surge above 200-DMA mean for investors?
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: The recent rebound in the stock market has pushed the Nifty above its 200-Day Moving Average (DMA)-a long-term trend indicator-signalling a bullish undertone among blue chips. Beneath the surface, the optimistic mood may not be as widespread, but it's more sanguine than it was a couple of months the top 500 stocks, 226 are trading above 200-day moving averages, according to Axis Securities . When a stock or an index is above its 200 DMA, it's said to be in a long-term uptrend and vice versa. It's the average price of a stock or index over the last 200 trading days, which is close to a full trading year, helping investors get a better view of the price trends over a longer period. Nifty's 200-DMA is at 24,631, about 0.9% below Friday's closing level of 24, the stocks that are above 200-DMAs are still less than 50% in Nifty 500 index, it's higher compared to 95 in March and 45 in February, a sign of gradually improving investor confidence with a tinge of caution."The investor sentiment has improved significantly since February-March as the broader market has witnessed renewed buying interest, but the recovery is gradual as investors remain selective buyers focusing on companies that delivered good results," said Ruchit Jain, vice president- head technical research at Motilal Oswal Financial Services Of the stocks trading above 200- DMA, 62 are trading 10-20% away from the average price and 15 are at a 20-30% distance, while 138 are as much as 10% away. 11 stocks are trading 30% above their 200-DMA, according to Axis. Similarly, 162 stocks are up to 10% below the 200- DMA, 69 are 10-20% below the level, and 25 are over 20% bullish conditions, fewer than 50% of the top 500 stocks below the 200-DMA would not be a reason to celebrate, but given the lingering concerns over the economic fallout of tariffs and uncertainty over corporate earnings, optimists would consider this number acceptable.'Despite the muted fourth quarter earnings, a greater number of stocks out of the NSE 500 universe are trading above the 200-DMA compared to February and March, indicating investor confidence is returning on the street,' said Rajesh Palviya, head of technical and derivatives, Axis Nifty 500 Index slumped by nearly 8% in February but bounced back in March and April, gaining 7.3% and 3.2%, respectively. The Nifty Midcap 150 and Smallcap 250 indices have risen 17.6% and 20.2%, respectively, from their lows this year on February 28 and March 3.'Mid-caps moved up when domestic investors bought, and large-cap names performed well when foreign investors began purchasing after a period of aggressive sell-off, so there has been rotation among the stocks,' said Jain.
