“One is that the companies which are high growth or where people are more confident about the growth, though the valuations may be on a higher side, I think those stories will continue to participate,” says Hemang Jani, Independent Market Expert. Now that the rate cut cycle has officially begun, what do you think are … Read more
“And right now, in today’s trade also, I feel that going by the charts in the largecap as well as in the midcap segment in IT stocks, I feel that in the short term also we can get good momentum in the IT sector,” says Vinay Rajani, HDFC Securities.IT seems to be leading the gain … Read more
Amid mixed global cues, Indian equity indices Sensex and Nifty opened slightly higher on Wednesday, driven by gains in auto and energy stocks. The BSE Sensex was up 89 points, or 0.11%, at 81,799, while the Nifty50 rose 19 points, or 0.08%, to 25,036—just 42 points shy of its all-time high—around 9:22 am. From the … Read more
Rail Vikas Nigam (RVNL) and Vodafone Idea stand among 7 stocks granted seats at the MSCI’s Global Standard index while Bandhan Bank was excluded as part of the global index service provider’s August rejig. Due to this inclusion, RVNL is likely to attract passive fund inflows worth $219 million while Vodafone Idea may likely be … Read more
Trent and Bharat Electronics (BEL) may be included in the benchmark Nifty in the next shuffling of indices by the NSE in September, according to Nuvama Alternative & Quantitative Research. The two stocks could take the place of LTIMindtree and Divi’s Labs. Nuvama said the changes could result in $500 million inflow into Trent and … Read more
While Nifty ended with modest weak-on-weak gains of 0.4%, the truncated trading week was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 40,543 crore on screen, which included both buying and selling. In the largecap segment, 15 companies witnessed significant block deals … Read more
Shares of India’s software services exporters on Friday rallied up to 4% during the day as quarterly results of global peer Accenture had a few positive elements such as strong bookings growth and acceleration in growth rates. Shares of Persistent Systems was the top gainer as it rallied over 4% to day’s high of Rs … Read more
May 16, 2024, 07:08:12 PM IST Mutual funds buy and sell securities to actively manage their portfolios. Here is the list of top 10 largecap stocks sold by mutual funds in April, according to a report by ICICI Direct Research. ETMarkets.com 2/11 Jio Financial Services The fund houses had 2,661 lakh shares of Jio Financial … Read more
Brokerage firm Jefferies maintained an underperform rating on GAIL India, Morgan Stanley maintained an overweight on Infosys, PNB Housing, and ICICI Lombard. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on IT: Infosys, HCL Tech, Wipro Morgan Stanley maintained an overweight rating on Infosys but … Read more
CLSA’s downgrade of Indian IT bellwether Tata Consultancy Services (TCS) and HCL Technologies did not go down well with the investors, triggering a selling spree in most IT stocks. Both TCS and HCL Tech shares fell 2% in Tuesday’s trade. The Hong Kong-based brokerage downgraded TCS to ‘Sell’ for the price target of Rs 3,925 … Read more
