Futures of various stocks have seen a build-up in the October series with traders rolling over their bets from the September contracts, which expired on Thursday. A look at stock futures that have seen higher-than-average rollovers and their near-term outlook. Titan Company CMP: Rs 3,817 Rollover to October series: 97.5% Futures open interest change in … Read more
Shivangi Sarda, Manager Research Analyst, Motilal Oswal Financial Services, says Maruti has been the top gainer today and good buying is seen in this stock. RSI is showing a positive divergence and this stock has moved after a consolidation of the last five months. Rs 13,800 is the next target for Maruti with the support … Read more
Indian benchmark indices ended Friday in the red witnessing a range-bound trade throughout the day. While the S&P BSE Sensex settled at 82,890.94, down by 72 or 0.09%, the broader Nifty50 closed at 25,356.50, lower by 32.40 or 0.13%. Nifty fizzled out and closed with a minor loss and barring oil & gas, FMCG and … Read more
Dalal Street’s top stock picker and billionaire Raamdeo Agrawal of Motilal Oswal Financial Services, who has been bullish on quick commerce, has picked up stakes in IPO-bound Swiggy and another unicorn Zepto. Agrawal’s interest in both the new-age businesses comes at a time when quick commerce is at an all-time high in terms of fundraising, … Read more
Mumbai: Shares of Chennai-based Sun TV Network tumbled as much as 12% on Monday, emerging as one of the top losers, after the company’s June quarter earnings disappointed investors, triggering analyst downgrades. The stock closed at ₹819.5 on Monday, down 10.6% over the previous day. Sun TV’s consolidated profit for April-June fell 5.5% to ₹560 … Read more
On events such as budget day, the market is prone to kneejerk reactions. So, as soon as the finance minister announced higher short-term and long-term capital gains taxes on financial instruments, the stock market tanked. Of course, it recovered towards the close as sanity set in. And what’s that sanity? In my view, it is … Read more
One 97 Communications which operates payments platform Paytm, is expected to report a net loss between Rs 1,013 crore and Rs 840 crore for the quarter ended June 2024 according to estimates by a couple of brokerages. The revenue for the reporting quarter is expected in the range of Rs 1,532 crore and Rs 1,490 … Read more
ET Intelligence Group: Nifty 50 companies are expected to report double-digit growth in aggregate revenue and profit for the June quarter, driven by select companies from the automobile, banking and finance, and pharmaceutical sectors. According to ETIG estimates, the sample’s net profit is expected to grow 26.4% in the quarter. Cautiously Optimistic Outlook This growth … Read more
Domestic markets continued their ongoing streak of making new highs on Wednesday, supported by firm global trends. Benchmark Nifty crossed the 24300 mark, while Sensex breached the historic 80,000 mark. “We expect this ongoing momentum to continue in the near term. Indian Equities today would react to the release of US Fed meeting minutes and … Read more
Mumbai: The board of Sebi on Thursday approved a proposal to tighten rules on the inclusion of stocks in the futures and options(F&O) segment and approved introduction of fixed price for taking a company private. The revision will lead to addition and deletion of about two dozen stocks. “In order to ensure that there is … Read more
