GIFT Nifty achieved a new milestone recording an all-time high monthly turnover of $100.7 billion as on September 30, 2024. This feat surpassed its previous record of $100.13 billion set on August 30, 2024. This milestone reflects the growing global interest and trust in the GIFT Nifty as a benchmark for India’s growth story, NSE … Read more
George Thomas, Equity Fund Manager, Quantum AMC, says incrementally, things should look better from where we are today. We are more positioned towards IT largecap names which would benefit in large end-to-end integration deals. Some of the IT mid and smallcap stocks have been factoring too much of positive news and valuations are slightly on … Read more
Automakers are hoping for October to bring the demand spike that is typical of the festive period, after a subdued start to the season, with sales during Onam and Ganesh Chaturthi failing to match expectations. And to entice potential buyers who may still be undecided about the timing of the purchase, the companies are offering … Read more
Vinit Bolinjkar, Head of Equity Research, Ventura Securities, says Maruti will be powering in FY25 and would be my focus trade. Apart from that, among power stocks, Bolinjkar likes Adani Green, given that the IPOs of NTPC Green are scheduled to hit the markets. So, while there has been a slight profit-taking, the markets next … Read more
Shivangi Sarda, Manager Research Analyst, Motilal Oswal Financial Services, says Maruti has been the top gainer today and good buying is seen in this stock. RSI is showing a positive divergence and this stock has moved after a consolidation of the last five months. Rs 13,800 is the next target for Maruti with the support … Read more
Societe Generale sold shares worth Rs 47 crore in SpiceJet via block deals on Wednesday. In a couple of block deals which saw both buying and selling action, the French bank and financial services company sold over 83.56 lakh shares for Rs 52.5 crore and also bought 9.4 lakh shares for Rs 5.87 crore. On … Read more
BofA bought 6.7 lakh shares in Exxaro Tiles Limited through its European subsidiary BofA Securities Europe SA on Tuesday at a price of Rs 6.4 crore via block deal. The price it paid for each share of this smallcap counter was Rs 96.22. The stock today ended at Rs 95.90 on the NSE, gaining by … Read more
Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says he remains positive about the two-wheelers and the commercial vehicles, and believes that passenger vehicles would have the reason to recover going forward after these challenges are over. Coming to Paytm, Choksey further says that it is not completely shunned, but till that time they start showing … Read more
Amnish Aggarwal, Head-Research, Prabhudas Lilladher, says from the current level, the Bajaj Housing Finance stock will have a long consolidation unless and until very astronomical numbers are coming from the company. But there is always a risk in buying anything at five, five-and-a-half times. Aggarwal expects a long consolidation in Bajaj Housing shares as institutional … Read more
Investors in India are shunning stocks that were expected to benefit from Prime Minister Narendra Modi’s re-election, and instead piling into defensive sectors. An index of the so-called Modi stocks, a term coined by CLSA, has climbed only 2% as the prime minister completed his first 100 days in office after winning a third term … Read more
