Domestic markets edged higher on Friday, gaining nearly one and a half percent, largely tracking global trends. In today’s trade, shares of SpiceJet, Mankind Pharma, Vodafone Idea, Aarti Drugs, BHEL, RIL among others will be in focus due to various news developments. Allcargo Gati Rohini Nilekani, philanthropist and wife of Infosys co-founder Nandan Nilekani, purchased … Read more
Calling it an ‘early Diwali gift’, Mukesh Ambai-owned Reliance Industries approved a 1:1 bonus share issue earlier this week and the historical data suggests that the record date might be in October. “The Board of Directors of Reliance Industries Limited (RIL) today approved the issue of bonus shares in the ratio of 1:1 i.e. every … Read more
Equity markets took a breather after a 14-day winning run and closed on Wednesday amid weak global trends. In today’s trade, shares of GIC Re, RIL, Vedanta, Sona BLW, PNB Housing Finance, Suzlon Energy among others will be in focus due to various news developments. GIC ReThe government decided to exercise the greenshoe option under … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty future closed flat at 24,590 levels on Monday. India VIX was down by 0.61% from 14.40 to 14.32 levels. On the options front, the maximum Call OI is placed at 25,000 and then towards 24,600 strikes while the maximum Put … Read more
Indian benchmark indices crashed nearly 3% on Monday following extremely weak trends in global equity markets amid fears of a slowdown in the US economy. In today’s trade, shares of RIL, Bharti Airtel, Vedanta, Tata Power, Lupin among others will be in focus due to various news developments and first quarter results. PFC, Vedanta, Tata … Read more
Besides macro factors and solid earnings growth, one of the biggest reasons behind higher valuation multiples on Dalal Street is the unflinching faith shown by domestic investors. But the valuation multiples can face headwinds if the domestic flows into equities slow down following rises in short- and long-term capital gains tax in the Union Budget, … Read more
Indian market is likely to remain volatile on the Budget 2024 day. The Nifty future closed negative with losses of 0.05% at 24,517 levels on Monday. India VIX was up by 4.18% from 14.82 to 15.44 levels. Volatility inched higher slightly, but it is hovering near its lower zones which is comforting the bulls. On … Read more
Equity indices tumbled on Friday as investors preferred to book profits after four days of record-breaking rally and weak trends from global markets. In today’s trade, shares of IDBI Bank, Suzlon Energy, RIL, HDFC Bank, Kotak Bank, JSW Steel among others will be in focus due to news developments and quarterly results. IDBI Bank, Suzlon … Read more
Domestic markets experienced a robust trading day, with the Nifty50 index reaching a new milestone of 24,800. In today’s trade, shares of RIL, Wipro, Paytm, Infosys, Tata Technologies among others will be in focus due to first-quarter results and various news developments. Reliance Industries, Wipro, Paytm, JSW Steel Shares of Reliance Industries, Wipro, Paytm and … Read more
Several widely tracked companies, including Jio Financial, Paytm, Bajaj Auto, Bajaj Auto, Asian Paints, LTIMindtree, Infosys, Reliance Industries, Wipro, Union Bank of India, Kotak Mahindra Bank, Tanla Platform, Tata Technologies and YES Bank, will be releasing their June quarter report cards this week. Here’s the list: July 15 Jio Financial Services, HDFC Life Insurance Company, … Read more
