neutral
ICICI Securities Analyst Recommends Adani Ports Amid Volatile Market Setup
Dharmesh Shah of ICICI Securities has suggested buying Adani Ports shares for November 24, citing sustained strength in frontline indices despite short-term volatility. On Friday, the Sensex slipped 400.76 points to 85,231.92, while the Nifty 50 declined 124 points to 26,068.15 after global weakness and reduced expectations of a December US rate cut. India VIX rising 13 percent reflected elevated uncertainty, though analysts noted markets remain close to all-time highs, indicating controlled profit-taking rather than broad selling.
neutral
ICICI Securities Analyst Recommends Adani Ports Amid Volatile Market Setup
Dharmesh Shah of ICICI Securities has suggested buying Adani Ports shares for November 24, citing sustained strength in frontline indices despite short-term volatility. On Friday, the Sensex slipped 400.76 points to 85,231.92, while the Nifty 50 declined 124 points to 26,068.15 after global weakness and reduced expectations of a December US rate cut. India VIX rising 13 percent reflected elevated uncertainty, though analysts noted markets remain close to all-time highs, indicating controlled profit-taking rather than broad selling.
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Dharmesh Shah recommends buying Adani Ports as Nifty stays firm above key levels despite volatility, with markets near record highs and sectoral strength supporting the trend.
Dharmesh Shah of ICICI Securities has suggested buying Adani Ports shares for November 24, citing sustained strength in frontline indices despite short-term volatility. On Friday, the Sensex slipped 400.76 points to 85,231.92, while the Nifty 50 declined 124 points to 26,068.15 after global weakness and reduced expectations of a December US rate cut. India VIX rising 13 percent reflected elevated uncertainty, though analysts noted markets remain close to all-time highs, indicating controlled profit-taking rather than broad selling.
Dharmesh Shah of ICICI Securities has suggested buying Adani Ports shares for November 24, citing sustained strength in frontline indices despite short-term volatility. On Friday, the Sensex slipped 400.76 points to 85,231.92, while the Nifty 50 declined 124 points to 26,068.15 after global weakness and reduced expectations of a December US rate cut. India VIX rising 13 percent reflected elevated uncertainty, though analysts noted markets remain close to all-time highs, indicating controlled profit-taking rather than broad selling.