Abrdn Plc prefers Chinese and Indian stocks over their Japanese peers in the next three to six months, betting that the right policy moves would help the two emerging markets lure fund inflows.Should “high frequency data points continue to surprise on the upside, and at the same time we’ve seen policies being pushed through, that’s … Read more
Benchmark indices continued their uptrend and scaled fresh peaks on Thursday. The 30-share Sensex jumped 538 points to hit its lifetime peak of 77,145 and the Nifty rallied 75 points to settle at a new closing high of 23,398. Stocks that were in focus include names like Sobha, which rose 4.97%, L&T Finance, which gained … Read more
Benchmark indices ended almost flat on Tuesday after a record-breaking rally as investors preferred to remain on the sidelines awaiting further triggers. Stocks that were in focus include names like Jupiter Wagons, which rose 5.70%, Hudco, which gained 4.94%, and PNC Infra, whose shares declined 8.07% on Tuesday. Here’s what Viral Chheda, Sr Technical Analyst … Read more
Equity indices climbed over 2% to settle at record high levels on Friday after the Reserve Bank of India (RBI) revised upwards the GDP growth projection. Stocks that were in focus include names like HDFC AMC, which rose 2%, Wipro, which gained 5%, and Paytm, whose shares rallied 10% on Friday. Here’s what Pravesh Gour, … Read more
Indian market is expected to trade higher on Monday tracking positive global cues. The Nifty future closed positive with gains of 1.90% at 23334 levels on Friday. India VIX was slightly up by 0.48% from 16.55 to 16.88 levels. On the options front, the weekly maximum Call OI is placed at 24,000 and then towards … Read more
Bulls returned to Dalal Street with full force on Friday, as the Sensex closed over 1,600 points higher, reaching a new all-time high, while the Nifty 50 advanced over 468 points. Both indices successfully erased all losses from June 4. Nifty50 closed 2.05% or 468.75 points higher on Friday at 23,290 while the 30-component BSE … Read more
Rebounding from their worst single-day slide in four years, benchmark indices Sensex and Nifty soared over 3% each on heavy value buying by investors after NDA alliance partners started talks on government formation. The stocks that were in focus included names like HUL, which rose 4.29%; IRCTC, which gained 0.6%; and RVNL, whose shares rose … Read more
Indian market is expected to trade volatile amid election results. The Nifty future closed positive with gains of 3.30% at 23450 levels on Monday. India VIX crashed and was down by 14.87% from 24.60 to 20.94 levels. On the options front, the weekly maximum Call OI is placed at 24000 and then towards 23500 strikes … Read more
Shares of Apollo Hospitals rallied 3.4% in Friday’s early trade to the day’s high of Rs 5,955 after the company reported a 77% year-on-year (YoY) jump in its net profit. The company’s revenue from operations in the January-March 2024 period increased 15% YoY to Rs 4,944 crore and the board of directors have also recommended … Read more
We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on Zomato: Underperform| Target Rs 96Macquarie maintained an underperform rating on Zomato with a target price of Rs 96. The competitive intensity is rising. Multiple incumbent e-commerce platforms have announced renewed ambitions in Qcom. The global investment bank … Read more
