Brokerage firm Macquarie maintained an outperform rating on LIC Housing, UBS downgraded Syngene to sell, UBS initiated a buy on Paytm and Axis Capital initiated coverage on Bharti Airtel with a buy rating. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on LIC Housing: Outperform| Target … Read more
The Indian market is expected to consolidate in a range on Tuesday tracking mixed global cues. The Nifty future closed positive with gains of 0.88% at 22140 levels on Monday. India VIX was up by 5.27% from 13.10 to 13.79 levels. Volatility was slightly on the rise and created momentum at lifetime high zones. Positive … Read more
In an era where financial landscapes are becoming increasingly interconnected, the adage “think global, act local” has never been more relevant. Diversifying investments beyond domestic borders is no longer a strategy reserved for institutional investors or financial titans. Today, individual investors have unprecedented opportunities to shrink borders and access a world of economic opportunities and … Read more
Various widely tracked companies like Reliance Industries, Jio Financial Services, HDFC Bank, Asian Paints, LTIMindtree, IndusInd Bank, Polycab India, HUL, UltraTech Cement, ICICI Bank, and Kotak Mahindra Bank will be releasing their December quarter report cards this week. Here’s a list: January 15Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, … Read more
An estimated slowdown in revenue growth for India’s top technology companies is threatening to stall the relentless surge in the nation’s stocks, which were among Wall Street’s top emerging-market picks. As investors await these results this week, a gauge of Indian tech shares has fallen for three straight weeks after rallying for the most part … Read more
Nifty on Wednesday ended 74 points higher to take support near 20-DMA and form a Bullish Piercing candlestick pattern on the daily chart, suggesting potential bullish momentum. “We are of the view that, 20-day SMA or 21,500/71,250 could act as a sacrosanct support level for the traders. Above the same, the pullback formation is likely … Read more
Indian market is likely to trade lower on Wednesday tracking mixed global cues. The Nifty future closed positive with gains of 0.23% at 21628 levels on Tuesday. India VIX was down by 1.49% from 13.46 to 13.26 levels. Overall, the volatility has been rising from the last two sessions which has given comfort to the … Read more
Mahantesh Sabarad, Independent Market Expert, says “the way the IT sector has fallen suggests that probably much of the negative news is already factored in and there is nothing much to look forward to in terms of further negative news. If that is the case, there will be a sigh of relief that will come … Read more
Canara Bank, part of the PSU bank segment, rallied more than 20% in the last 3 months to hit a fresh record high in January 2024 and the chart pattern suggests that the rally may not be over yet. Short-term traders can look to buy the stock on dips for a possible target above Rs … Read more
A fair part of the expected returns in 2024 probably came through in the last 2 months of 2024, as investors globally have discounted a steep rate cut cycle, says Shankar Raman, chief investment officer at Centrum Wealth. “As such, further upmoves require growth surprises hereon – in the context of a slowing global economy … Read more
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