Driven by domestic inflows and renewed optimism about a potential Fed rate cut in the September meeting, the market has demonstrated a broad-based recovery and reached new highs. Benchmark indices Nifty and Sensex maintained their momentum, closing at record highs on Friday. This marked Nifty’s best week in two months, extending its winning streak to … 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
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
Brokerage firms such as Jefferies have maintained a ‘buy’ call on Reliance, while Investec and Morgan Stanley have a ‘buy’ and ‘overweight’ call on M&M, respectively. Axis Capital has downgraded ICICI Bank to ‘add’ from ‘buy’, while Ambuja Cements received a double upgrade from Nomura. Morgan Stanley has maintained an ‘overweight’ call on IndiGo. We … Read more
Indian market is expected to trade lower on Monday tracking weak global cues. The Nifty future closed negative with losses of 0.52% at 23460 levels on Friday. India VIX was down by 1.24% from 13.34 to 13.18 levels. On the options front, the maximum Call OI is placed at 24,000 and then towards 23,500 strikes … Read more
Shares of Reliance Industries (RIL) jumped 2.32% on Wednesday to hit the day’s high of Rs 2,951.90 on the NSE following Goldman Sachs’ buy reiteration on the oil-to-telecommunications conglomerate. The US-based brokerage also hiked the price target to Rs 3,400 from Rs 2,925 earlier. RIL shares had ended at Rs 2,883.15 in the previous session … Read more
Brokerage house Goldman Sachs maintained a buy rating on Reliance Industries (RIL), while Citigroup recommended a neutral rating on Coal India and upgraded MGL to neutral. UBS maintained a buy rating on ABB India. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Goldman Sachs on RIL: Buy … Read more
Brokerage firm Morgan Stanley maintained an overweight rating on RIL and an overweight rating on Indian Oil Corporation (IOC). Sharekhan recommended a buy on ICICI Bank and ICICIdirect has a buy rating on PCBL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on RIL: Overweight| … Read more
Mukesh Ambani-led Reliance Industries (RIL) is currently sitting on a Rs 90 crore loss in a smallcap firm and a prominent player in film and television production Balaji Telefilms. In July 2017, RIL made an investment of Rs 413.28 crore in Ekta Kapoor-backed Balaji Telefilms. The conglomerate purchased 25.2 million equity shares at Rs 164 … Read more
