Bajaj Auto. Share Price 6986.50 03:59 PM | 03 Jan 2024 321.45(4.82%) Adani Enterprises. Share Price 3003.00 03:59 PM | 03 Jan 2024 70.60(2.40%) IndusInd Bank. Share Price 1601.15 03:58 PM | 03 Jan 2024 25.56(1.62%) Adani Ports & Special Economic Zone. Share Price 1094.25 03:59 PM | 03 Jan 2024 15.85(1.46%) ITC. Share Price … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty future closed negative with losses of 0.26% at 21830 levels on Monday. India VIX was up by 1.24% from 14.50 to 14.68 levels. Volatility was slightly down and has been cooling off in the last three sessions. Positive setup was … Read more
Benchmark Nifty 50 rallied over 8% in the December derivative series, clocking its best gains in a series since February 2021. This was also the highest series gain by the index in 2023. Further, foreign institutional investors significantly increased their net long positions, taking the long-short ratio sharply higher to 2.28 at the beginning of … Read more
Neeraj Chadawar, Head of Quant Strategy, Axis Securities, says “we firmly believe that the Indian economy is rightly placed and continues with the growth momentum and we continue to believe in double-digit returns. Given the valuations are stretched at current juncture, we believe that bottom-up theme is the best place to identify the stock based … Read more
With consistent earnings normalization, controlled credit costs, and healthy asset quality, earnings for PSBs are expected to grow at a more sustainable pace. We estimate the profitability of the top six PSBs under our coverage to rise to Rs 1.7 trillion by FY26 from Rs 573 billion in FY22 and from collective losses in FY18. … Read more
After a decent response to the IPO, all eyes will be on Azad Engineering’s share allotment, which will likely be finalised on December 26. The IPO of Azad Engineering was subscribed 80.6 times on the last day of the bidding process. The category reserved for QIB was subscribed the most at 179 times, followed by … Read more
The Nifty Bank fell more than 1% for the week ended 22 December 2023, tracking the mixed trends seen in Indian markets amid a rise in Covid cases, profit booking at higher levels, and geopolitical concerns. The Nifty Bank fell from 48,143 as on 15th December 2023 to 47,491 recorded on 22 December 2023, which … Read more
