The Nifty opened with a gap down on Friday after reaching a new all-time high in the previous session and experienced weak price action throughout the day, closing down by 293 points. Meanwhile, the Bank Nifty has been underperforming and may continue to do so. On Friday, the Nifty closed lower by 1.2% at 24,717.70, … Read more
Brokerage firms such as Nuvama have a buy call on United Spirits and Federal Bank, while Nomura has a buy call on Tata Motors. Citi has a buy call on L&T, and Bernstein has an outperform rating on Axis Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other … Read more
Even as banks and other financial stocks dragged Sensex and Nifty down following a hike in capital gains tax in Budget, smallcaps and midcaps continued to rally as if nothing changed in the Finance Bill. Sensex was down around 600 points as heavyweights HDFC Bank, ICICI Bank, Axis Bank and Bajaj twins led the downside … Read more
Equity markets reacted harshly to the hike in capital gains tax on Tuesday, but erased all the losses in the end. In today’s trade, shares of L&T, Axis Bank, HUL, Bajaj Finance, Tata Consumer among others will be in focus due to various news developments or quarterly earnings. L&T, Axis Bank, Bajaj Finserv, SBI Life … Read more
While Nifty ended with modest weak-on-weak gains of 0.4%, the truncated trading week was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 40,543 crore on screen, which included both buying and selling. In the largecap segment, 15 companies witnessed significant block deals … Read more
The Indian market is likely to consolidate on Thursday, tracking muted global cues.The Nifty future closed negative with losses of 0.30% at 23497 levels on Wednesday. The India VIX was up by 5.79% from 12.96 to 13.71 levels.On the options front, the weekly maximum Call OI is placed at 24000 and then towards 23600 strikes, … Read more
Indian market is expected to trade higher on Friday tracking positive global cues. The Nifty future closed positive with gains of 0.84% at 22473 levels on Thursday. India VIX was down by 1.33% from 20.27 to 20 levels. On the weekly options front, the maximum Call OI is placed at 22500 and then towards 22600 … Read more
Axis Bank has been in a broad range since November 23 and has been fluctuating between Rs 1,021.60 mark on the lower side, and Rs 1,150.95 on the upper side. The stock managed to breach the resistance one to create a new all-time high of Rs 1,182.90 on April 30. In the entire month of … Read more
May 07, 2024, 02:23:25 PM IST Around 10 companies saw the highest buying by mutual funds in the March quarter against the last quarter, according to a press release by Prime Database. Here is the detailed list iStock Mutual funds added around 24.53 crore shares of HDFC Bank in the March quarter with a total … Read more
Indian market is likely to consolidate on Monday tracking mixed global cues. The Nifty future closed negative with losses of 0.35% at 22575 levels on Friday. India VIX was up by 1.82% from 10.73 to 10.92 levels. Since it is the beginning of the new series, options data is scattered at various far strikes. On … Read more
