Indian headline indices started on a negative note on Friday following a weak US handover. While the S&P BSE Sensex was trading at 72,909 in the opening trade, down by 188.28 points or 0.26%, the broader Nifty hovered around 22,096.50, lower by 50.15 points or 0.23%. India VIX, a measure of volatility in Nifty, was … Read more
Brokerage action on One 97 Communications, Info Edge (India) and Westlife Foodworld are likely to impact their stocks today. While Jefferies sees NCPI approval of its third-party app as the last regulatory challenge cleared by the Paytm operator, BofA retains its underperform rating on Info Edge. Meanwhile, Investec has initiated a ‘Buy’ view on Westlife … Read more
Indian market is expected to open higher on Wednesday tracking positive global cues. The Nifty50 closed flat on Tuesday with a positive bias. The volatility index India VIX has dipped by nearly 2% to close at 13.64 after trading in a narrow range of 14.19-13.57 on Tuesday. The Nifty50 closed flat in the previous trading … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty50 closed below 22400 levels on Monday led by losses in banking stocks. It has formed sizeable bearish candles, indicating the possibility of consolidation within an overall uptrend. Both FIIs and DIIs were net buyers on Monday to the tune of … Read more
Indian market is expected to trade higher on Monday tracking positive global cues. The Nifty future closed negative with losses of 0.24% at 22538 levels on Thursday. India VIX was down by 4.77% from 14.30 to 13.61 levels. Positive setup was seen in stocks like Tata Chemicals, Tata Power, Tata Steel, OFSS, Glenmark, HAL, Tata … Read more
Indian market is expected to consolidate on Tuesday tracking mixed global cues. The Nifty future closed negative with losses of 0.01% at 22499 levels on Monday. India VIX was down by 0.47% from 15.24 to 14.92 levels. Positive setup was seen in stocks like BHEL, NTPC, Tata Communication, Gail India, PEL, Tata Power, MFSL, IGL, … Read more
Indian market is likely to consolidate on Thursday tracking muted global cues. The Nifty50 witnessed a breakdown on Wednesday from the important support level placed at 22050 zone after consolidating for 2 sessions. The selling was broad-based with midcap and smallcap indices losing nearly 2% each. India VIX achieved a fresh swing high as it … Read more
Brokerage firm Axis Capital initiated coverage on RBL Bank with an add rating, Jefferies maintained a buy on RIL, UBS upgraded Gujarat Gas to neutral and UBS maintained a buy rating on Zomato. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Axis Capital on RBL Bank: ADD| … Read more
Brokerage firm Nuvama maintained a hold rating on Hindalco, Jefferies downgraded Biocon to underperform, Elara Capital recommended an accumulate rating on Zomato and Sharekhan recommended a buy rating on Schaeffler India. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nuvama on Hindalco: Hold| Target Rs 508 Nuvama … Read more
Indian market is likely to trade higher on Wednesday tracking positive global cues. The Nifty future closed positive with gains of 0.27% at 22231 levels on Tuesday. India VIX moved up by 0.31% from 16.02 to 16.07 levels. Positive trading setup was seen in stocks like Power Grid, Deepak Nitrite, Aarti Industries, BHEL, HDFC Bank, … Read more
