MUMBAI – The National Stock Exchange (NSE) of India will launch four new indices in the cash and futures and options segments with effect from April 8. The exchange has proposed online dissemination of indices namely, Nifty Tata Group 25% Cap, Nifty500 Multicap India Manufacturing 50:30:20, Nifty500 Multicap Infrastructure 50:30:20, and Nifty MidSmall Healthcare, according … Read more
The Indian market is expected to trade higher on Monday tracking positive global cues. The Nifty future closed positive with gains of 0.72% at 22327 levels on Thursday. India VIX was up by 1.02% from 12.70 to 12.83 levels. The Nifty PCR is currently at 1.18. Meaningful call writing is witnessed across 22400-22500 strikes, while … Read more
JSW Steel, part of the iron & steel industry, has been rangebound for the past 6 months but it did manage to find support above the neckline of 2-tear consolidation on the weekly charts, which also coincides with a 50-week moving average. Short-term traders can look to buy the stock now for a possible target … Read more
Hero MotoCorp. Share Price 4684.00 03:59 PM | 22 Mar 2024 164.11(3.64%) Maruti Suzuki India. Share Price 12337.70 03:59 PM | 22 Mar 2024 429.56(3.61%) UPL. Share Price 470.00 03:59 PM | 22 Mar 2024 14.45(3.18%) Apollo Hospitals Enterprise. Share Price 6375.90 03:58 PM | 22 Mar 2024 193.40(3.13%) Sun Pharmaceutical Industries. Share Price 1608.90 … Read more
The Indian market is likely to consolidate on Tuesday tracking muted global cues. The Nifty future closed flat at 22134 levels on Monday. India VIX was up by 1.50% from 13.69 to 13.90 levels. Volatility has been hovering within a band and creating swings in the market. Positive market setup was seen in stocks like … Read more
Brokerage houses such as CLSA downgraded Tata Steel to sell and M&M to outperform from a buy rating earlier. Morgan Stanley maintained an overweight rating on Apollo Hospitals and HSBC gave a buy tag to HDFC Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on … Read more
Shares of JSW Steel jumped over 4.4% on Friday to hit their day’s high of Rs 835.60 on the NSE after the company announced incorporating a wholly-owned arm JSW Green Steel Ltd for the manufacture of hot-rolled and cold-rolled steel products. The stock also breached the Rs 2 lakh crore market capitalisation mark in the … Read more
After seeing testing times in FY23 amid skyrocketing inflation and weak consumer demand, India Inc found solace in FY24 as several companies reported strong double-digit growth in earnings. One of the major factors driving this growth was easing inflationary pressures. As many as 234 companies, excluding banks and financial services, saw operating profit or EBITDA, … Read more
It was yet another strong quarter for India Inc as most companies reported better-than-expected numbers for the three months ended December, triggering further upgrades in earnings. Earnings of companies that are part of the Nifty 50 grew by 17% year-on-year (YoY), against expectations of an 11% growth, according to Motilal Oswal Financial Services. However, the … Read more
Metal stocks rallied for the fourth consecutive session on Wednesday, which saw the Nifty Metal index hitting a lifetime high. Rollover of positions to the January derivative series and a reversal in the dollar index are aiding the up move in the stocks in the sector. In four sessions, the Nifty Metal index has gained … Read more
