Rajat Sharma, Founder & CEO, Sana Securities, says the energy and energy transition sectors are extremely overheated, and he would stay away from this. He likes the energy and power sector in an emerging economy like India and says it should do very well. Sharma says one should buy these stocks and have these in … Read more
Benchmark Sensex reversed its early gains to close lower by 398 points on Wednesday amid weak global trends. In today’s trade, shares of Tata Steel, Arvind Fashions, Route Mobile, Adani Ports, NBCC among others will be in focus due to various news developments. SBIState Bank of India, PT Bank KEB Hana Indonesia and Bank SBI … Read more
The technical trend indicates a continuation of the ongoing rally, but the high FII long-to-short ratio suggests a cautious outlook for the week. According to technical analysts, the 24,850-24,900 zone will act as crucial support, and Nifty could steadily move towards 25,600 level. However, if 24,850 is breached, profit booking up to 24,500 cannot be … Read more
Indian Railway Finance Corporation Share Price 181.44 04:11 PM | 22 Aug 2024 0.91(0.51%) One97 Communications Share Price 553.7 04:11 PM | 22 Aug 2024 -20.35(-3.55%) YES Bank Share Price 24.58 04:02 PM | 22 Aug 2024 0.13(0.54%) ITC Share Price 504.55 04:02 PM | 22 Aug 2024 -0.85(-0.17%) HDFC Bank Share Price 1631.3 04:02 … Read more
MK Surana, Former CMD, HPCL, says crude below $80 and the cracks at $13 for HSD and $11 for MS, make OMCs well placed on overall setup. Also, many of these OMCs are going on a new path. OMCs are in a stage where there is a growth potential with a surety of the existing … Read more
Trent and Bharat Electronics (BEL) may be included in the benchmark Nifty in the next shuffling of indices by the NSE in September, according to Nuvama Alternative & Quantitative Research. The two stocks could take the place of LTIMindtree and Divi’s Labs. Nuvama said the changes could result in $500 million inflow into Trent and … Read more
Indian market is likely to trade higher on Monday tracking positive global cues. The Nifty Future closed positive with gains of 1.88% at 24,915 levels on Friday. India VIX was down 2.93% from 12.62 to 12.25 levels. On the options front, the maximum Call OI is placed at 26,500 and then towards 25,500 strikes while … Read more
As the dust around the Union Budget 2024 settles down, potential losers in the market as a result of announcements or rather lack of it, are coming to the fore. Sectors that are likely to get negatively impacted in the near term are banks, NBFCs, asset management companies (AMCs), real estate, consumer, defence, OMCs and … Read more
Benchmarks Sensex and Nifty settled marginally lower in volatile trade on Tuesday as the government proposed to hike securities transaction tax on futures & options in the budget. Stocks that were in focus include names like Indian Hotels, which gained 0.79%, JSW Steel, which rose 0.61%, and BPCL, whose shares declined 0.73% on Tuesday. Here’s … Read more
“I don’t see any likelihood of the government getting over-populist at the cost of compromising its fiscal discipline,” says Amar Ambani, Executive Director, YES Securities. In an interview with ETMarkets, Ambani said: “I would look to buoyant sectors like realty, banking, select consumer discretionaries, telecom, and aviation for better opportunities,” Edited excerpts: Unlock Leadership Excellence … Read more
