Do you think Nifty will peak out at around 21,000-22,000-level? Hold on! The most bullish target for the new year 2024 goes as high as 25,000 while bears see the market crashing up to 20%. Domestic broking firm ICICIdirect has set Nifty target for December 2024 at 25,000 by valuing the index at 20x PE … Read more
Bajaj Finance. Share Price 7705.55 04:14 PM | 04 Jan 2024 320.75(4.34%) Tata Consumer Products. Share Price 1125.55 04:14 PM | 04 Jan 2024 40.60(3.74%) NTPC. Share Price 317.10 04:14 PM | 04 Jan 2024 10.91(3.55%) Oil And Natural Gas Corporation. Share Price 214.65 04:14 PM | 04 Jan 2024 6.41(3.07%) IndusInd Bank. Share Price … Read more
One often-made argument in favor of stocks says investors should dive in before roughly $6 trillion of money-market cash gets redeployed into equity assets globally. But buying the theory requires a big leap of faith – there’s significantly less out there to actually fund riskier gambles. So say a pack of stock skeptics who, while … Read more
Mumbai: Another private sector life insurer is set for a market debut after a gap of six years. IndiaFirst Life Insurance received approval for an initial public offering from the capital markets regulator Sebi in March last year and aims to float the issue by March. The company is meeting investors to gauge the market … Read more
Similarly, HDFC Bank has one of the best credit underwriting matrices in the system and consistently gained market share over a long period. The stock is trading at 2.2 times of its book value compared with the long-term average of 3.7. Synopsis Mega stocks such as HDFC Bank, Reliance Industries, ICICI Bank, Infosys, TCS, Axis … Read more
Mumbai: Most leading Dalal Street participants don’t see any need to tone down their enthusiasm on the stock market’s prospects in 2024 on the heels of the record-breaking run in the previous year. Indian equities are likely to scale new peaks in 2024, with the Nifty forecast to touch 23,500-25,000 levels, said a majority of … Read more
Most market participants consider the New Year to be another promising period for investors after bumper returns in 2023. But with the stock market at record levels and valuations considered rich, it will be crucial to hold stocks that are less vulnerable to sharp declines in the event of a reversal in the bullish momentum. … Read more
Indian equity markets extended their winning streak for the 8th consecutive calendar year, with the Nifty gaining 20% in 2023. Mid-cap and smallcap investors saw an even faster rise in wealth. Many IPOs delivered outstanding returns as investors rushed to new offerings amid a dearth of reasonably valued stocks in secondary market. Retail investors continued … Read more
Mumbai: India’s equity benchmarks closed at record levels on Thursday, extending gains to the eighth straight session as traders carried forward their bullish derivative bets to January on the expiry of the December contracts in the trading session. The BSE Sensex gained 0.52% or 371.95 points to close at 72,410. The Nifty advanced 0.57%, or … Read more
NEW DELHI: Dalal Street is expected to see range-bound trading this week in the absence of any major trigger either on the domestic or global front, say analysts. “Though the market has been moving up it seems to be running out of steam as the indices are still moving within a strong range,” according to … Read more
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