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
Automobile dealers using demonstration vehicles or demo cars for promoting sales can claim input tax credit (ITC) under the GST law, the CBIC has said. However, no ITC would be available if demo cars are used by dealers for their own purpose during the course of the business. In a circular, the Central Board of … Read more
The combined market valuation of nine of the top 10 most valued firms jumped by Rs 95,522.81 crore last week, with Reliance Industries, TCS and HUL emerging as the biggest gainers. Rising for the fourth straight session, the 30-share BSE Sensex ended 33.02 points or 0.04 per cent higher at 81,086.21 on Friday. Last week, … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty future closed flat at 24,590 levels on Monday. India VIX was down by 0.61% from 14.40 to 14.32 levels. On the options front, the maximum Call OI is placed at 25,000 and then towards 24,600 strikes while the maximum Put … Read more
Nifty saw a sharp bounceback last week after holding its 40-day average of 24,150. Technical analysts expect the positive momentum to continue, with the index likely to cross the 25,000-mark soon. Stocks such as Vedanta, Hindustan Copper, JSW Steel, HUL, ITC, Canara Bank, ICICI Bank, M&M and Bajaj Auto have formed bullish setups on charts, … Read more
Smart money has recently shifted toward fast-moving consumer goods (FMCG) and consumption-related shares, with global macroeconomic volatility in the shape of weak US economic data, a declining Yen, and rising geopolitical tensions dulling the allure of growth and momentum stocks. However, money managers and analysts see limited short-term upside for FMCG stocks due to high … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty Future closed negative with losses of 2.50% at 24,094 levels on Monday. India VIX was up 42.63% from 14.40 to 20.42 levels. On the options front, the maximum Call OI is placed at 26,000 and then towards 25,000 strikes while … Read more
Equity benchmarks halted their five-day rally to close with deep cuts on Friday in line with a global sell-off as investors dialled back risk exposure. Stocks that were in focus include names like Zomato, which gained 12.24%, ITC, which fell 0.98%, and Adani Wilmar, whose shares rose 9.99% on Friday. Here’s what Pravesh Gour, Senior … Read more
The five fast-moving consumer goods (FMCG) stocks in the Nifty 50 index — HUL, ITC, Nestle India, Tata Consumer Products and Britannia — are trading close to their 52-week highs. These stocks together have an 8.7% share in the benchmark index. They have varyingly gained over the past one year when compared with the benchmark … Read more
Brokerage firms such as Jefferies have a buy rating on ITC and Adani Ports, while Goldman Sachs has a sell call on Sun Pharma. Macquarie has an outperform rating on Zomato, and JP Morgan has a neutral view on Dabur. We have collated a list of recommendations from top brokerage firms from ETNow and other … Read more
