India’s largest domestic institutional investor Life Insurance Corporation of India (LIC) has reduced ownership in at least 80 stocks, including 16 PSUs, in the March quarter with the market value of its portfolio surging to Rs 14 lakh crore. LIC was seen cutting stakes in BHEL, SAIL, Coal India, Oil India, Mahanagar Gas, MOIL, SBI, … Read more
Lack of pricing freedom on petrol, diesel and LPG prices could deter oil marketing companies (OMCs) from undertaking large scale capex plans on petchem and refining capacity additions, Kotak Institutional Equities said in a note. The domestic brokerage reiterated its ‘Sell’ stance on Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation … Read more
Brokerage firm Morgan Stanley maintained an overweight rating on RIL and an overweight rating on Indian Oil Corporation (IOC). Sharekhan recommended a buy on ICICI Bank and ICICIdirect has a buy rating on PCBL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on RIL: Overweight| … Read more
Equity indices declined over half a percent on Friday amid weak global market trends. The 30-share Sensex declined 453 points to settle at 72,643 and the Nifty dropped 123 points at 22,023. Stocks that were in focus included names like OIL, which fell 4.04%, IOC, which declined 5.25%, and BPCL, whose shares dropped 4.15% on … Read more
Most technical charts indicate a weak trend for Nifty in the short term. A decisive move below 21,900 could trigger significant weakness, potentially for the next support levels of 21,500-21,400, as suggested by technical analysts. Stocks recommended by them include BEL, JK Cement, ITC, AU Bank, and Kotak Bank, while those with a negative bias … Read more
Stocks of oil marketing companies (OMCs) witnessed up to 8% decline on Friday following a Rs 2 per litre cut in prices of petrol and diesel, the first in nearly two years. The decision came ahead of the model code of conduct that is likely to kick in shortly. The top loser was Hindustan Petroleum … Read more
Brokerage firm BofA Securities has a neutral rating on IOC and underperform rating on BPCL and HPCL, respectively. Citi maintained a sell rating on Piramal Enterprises and a buy rating on GAIL India. JM Financial has a buy rating on Go Fashion (India). We have collated a list of recommendations from top brokerage firms from … Read more
Indian market is expected to trade higher on Friday tracking positive global cues. The Nifty future closed positive with gains of 0.45% at 22015 levels on Thursday. India VIX was down by 1.36% from 15.44 to 15.23 levels. Volatility has been cooling down from the last three sessions and giving comfort to the bulls at … Read more
Indian market is expected to trade higher on Thursday tracking positive global cues. The Nifty future closed positive with gains of 0.46% at 21925 levels. India VIX was down by 2.34% from 15.81 to 15.44 levels. Volatility cooled off from its highs and gave way to the bulls at crucial support zones. Positive setup was … Read more
Brokerage Nomura maintained a neutral rating on IOC while CLSA retained buy calls on SBI Life and Dalmia Bharat. Macquarie retained an outperform rating on HDFC Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on HDFC Bank: Outperform| Target Rs 2075 Macquarie maintained an outperform … Read more
