The Indian market is likely to consolidate on Thursday, tracking muted global cues.The Nifty future closed negative with losses of 0.30% at 23497 levels on Wednesday. The India VIX was up by 5.79% from 12.96 to 13.71 levels.On the options front, the weekly maximum Call OI is placed at 24000 and then towards 23600 strikes, … Read more
“I do not think the market is bracing for any kind of negative surprise at this point of time. And we do think that given the earnings that we have seen so far and the fact that we have underperformed US markets, there is a scope for some sort of an outperformance once the event … Read more
Fund managers made fresh purchases in companies that could benefi t from the strength in global economies, including the US. They increased exposure to metals, commodities and oil & gas. Fund managers believe the Fed is likely to cut rates later this year, which will lead the US dollar to depreciate resulting in rise in … Read more
Brokerage firm JPMorgan upgraded Kotak Mahindra Bank and Avenue Supermarts post Q4 results. JPMorgan has a neutral rating on Britannia Industries and an underweight rating on Tata Technologies. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on Kotak Mahindra Bank: Overweight| Target Rs 2,070 JPMorgan upgraded … Read more
Mumbai: With the market capitalisation of ICICI Bank crossing ₹8 lakh crore for the first time on Monday, the gap in market value between the two major private sector lenders, HDFC and ICICI, has nearly halved since July. Following the merger of HDFC and HDFC Bank on July 24 last year, HDFC Bank’s market-cap was … Read more
Global brokerage Morgan Stanley maintained an overweight rating on Dalmia Bharat, Macquarie recommended an outperform rating on Axis Bank, Jefferies maintained a hold rating on Kotak Mahindra Bank and Investec has a buy rating on Aurobindo Pharma. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley … Read more
Indian supermarket chain Vishal Mega Mart Pvt. has picked banks as it presses ahead with a planned initial public offering in Mumbai this year, according to people familiar with the matter. Vishal Mega Mart chose Kotak Mahindra Bank Ltd. and ICICI Bank Ltd to help arrange a share sale as early as in the fourth … Read more
Technical charts indicate a continuation of the positive trend going ahead, with the India VIX currently trading below 12. Any market dip presents a buying opportunity, as technical analysts predict Nifty will move towards the 22,800-23,000 levels soon. Stocks such as Vedanta, Hindalco, JSW Steel, City Union Bank, Canara Bank, HDFC Bank, ABB, ITC, HUL, … 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
Benchmark indices extended gains to the sixth straight day on Tuesday. The 30-share BSE Sensex closed higher by 349 points at 73,057 and the broader Nifty rose 74 points to settle at a new record level of 22,196. Stocks that were in focus included names like Deepak Fertilisers, which rose 3.55%, Whirlpool of India, which … Read more
