Indian market is likely to consolidate on Tuesday tracking weak global cues. The Nifty future closed negative with losses of 1.05% at 22364 levels on Monday. India VIX was up by 8.11% from 11.53 to 12.47 levels. Volatility spiked during the day on account of weak global sentiments but is comparatively still at lower levels. … Read more
Brokerage firm Morgan Stanley initiated coverage on Varun Beverages with an overweight rating and maintained an Equal Weight rating on Apollo Tyres. Jefferies maintained a buy rating on IDFC First and JPMorgan upgraded HDFC AMC to overweight. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley … Read more
India is set to exit FY24 with a GDP of USD 3.6 tn and an underlying growth of 7.6%+. Capital markets signed off FY24 with a stellar 29%/60%/70 % returns in Nifty/Nifty Midcap 100/Nifty Smallcap 100. India’s market cap has reached $4.4tn, making it the fifth largest in the world. India’s capital markets have witnessed … Read more
Having compounded at a healthy CAGR of 15.85% since inception in 1949, Sensex scaled the 75,000 peak this week with bulls predicting that the 1 lakh milestone will come within the next five years. Market guru Raamdeo Agrawal has even predicted that the headline index should touch 1.5 lakh by 2029. Describing Sensex as the … Read more
Brokerages Jefferies, Goldman Sachs and JM Financial have initiated coverage on Entero Healthcare, CreditAccess and Bharti Hexacom, respectively. Meanwhile, Axis Capital and Investec have downgraded InterGlobe Aviation. CLSA has retained a buy on PVR Inox. We have collated a list of recommendations from top brokerage firms from ETNow: Jefferies on Entero Healthcare: Buy | Target: … Read more
Brokerage firm BofA Securities has an underperform rating on Paytm while Morgan Stanley recommends an overweight stance on Maruti Suzuki. Meanwhile, JPMorgan has an overweight rating on Exide Industries and BofA Securities upgraded Infosys to buy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: BofA Securities on … Read more
Indian market is likely to edge higher on Monday tracking positive global cues. The Nifty future closed negative with a marginal loss of 0.01% at 22611 levels on Friday. India VIX was up by 1.07% from 11.22 to 11.34 levels. Volatility has risen marginally after the cool-off seen in the last 4 sessions. On the … Read more
“If we analyse the call put concentration data also, the put writers are aggressive at 22,400, 22,500 strikes so that clearly shows that base is now shifted higher and 22,400 is likely to act as a support area for any kind of minor dip if we get in the markets,” says Rajesh Palviya, Axis Securities. … Read more
Varroc Engineering Ltd, part of the auto component space, has more than doubled investors’ wealth in the last one year and recent breakout from an inverse Head & Shoulder pattern has opened room for the stock to head higher. Short-term traders can look to buy the stock now for a possible target towards 600 levels, … Read more
Brokerage firm CLSA upgraded TCS, HCL Technologies and Tech Mahindra ahead of March quarter results, while JPMorgan has an underweight rating on Tata Technologies, BofA upgraded Jubilant FoodWorks to buy and Nomura recommends a reduce rating on M&M Finance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: … Read more
