“And as you said that there has been a good sector rotation in the market and there are many stocks in the largecap segment also which are looking very good technically, they are giving fresh breakouts and follow-ups are also being registered, so that is a nice setup we can say. We are finding good … Read more
While Nifty ended with week-on-week gains of 1.5%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 14,602 crore on screen which included both buying and selling action. In the large cap segment, 15 companies witnessed significant block deals on the … Read more
Mumbai: Information technology shares notched up gains in a weak market on Friday after Accenture raised its revenue guidance for FY25. Early gains, however, fizzled out at close as investors cut their bets on expectation that the upside could be capped in the near-term. HCL Tech and Coforge gained 1.4% and 1.2%, respectively. Mphasis, Persistent … Read more
On the monthly expiry day, markets edged higher and gained nearly 1%, driven by favorable cues. In today’s trade, shares of Biocon, SJVN, Adani Green, Union Bank, Nuvama Wealth among others will be in focus due to various news developments. BioconBiocon has signed a licensing and supply agreement with Tabuk Pharmaceutical Manufacturing Company to commercialise … Read more
Shivangi Sarda, Manager Research Analyst, Motilal Oswal Financial Services, says Maruti has been the top gainer today and good buying is seen in this stock. RSI is showing a positive divergence and this stock has moved after a consolidation of the last five months. Rs 13,800 is the next target for Maruti with the support … Read more
The combined market valuation of 6 of the top-10 most valued firms jumped Rs 1,97,734.77 crore last week, with ICICI Bank and HDFC Bank emerging as the biggest winners, in-line with optimistic trends in equities. Last week, the BSE benchmark jumped 1,653.37 points or 1.99 per cent. The BSE benchmark soared 1,359.51 points or 1.63 … Read more
Domestic markets ended almost unchanged in a volatile expiry session, continuing the recent trend. In today’s trade, shares of Reliance Infra, VST Industries, IDFC First Bank, NTPC, Vodafone Idea among others will be in focus due to various news developments. Reliance InfraThe Board of Reliance Infrastructure approved raising of Rs 3,014 crore by preferential issue … Read more
Domestic markets began the week on a subdued note and ended nearly flat, pausing after Friday’s decline. In today’s trade, shares of Infosys, Dixon Tech, AstraZeneca Pharma, HAL, GMR Airports among others will be in focus due to various news developments.InfosysThe Securities and Exchange Board of India (Sebi) on Monday lifted restrictions placed on employees … Read more
Securities and Exchange Board of India (Sebi) on Monday lifted restrictions placed on employees of Infosys and connected entities and dismissed charges of insider trading against them. In a 57-page order, the market regulator vacated interim and confirmatory orders against four individuals and two entities which had barred them from accessing the securities market. The … 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
