Asian stocks were a sea of red on Thursday and bonds slid on bets global interest rates would stay higher for longer, as investors looked to key inflation readings at the end of the week for further clues on the future path of monetary policy. The dollar rode U.S. Treasury yields higher while gold remained … Read more
The Indian market closed in the red for the fourth straight session on Wednesday, tracking muted global cues. The S&P BSE Sensex fell over 600 points while the Nifty50 was down 183 points to close at 22,704. Sectorally, buying was seen in utilities, power, healthcare, and telecom stocks while IT, oil & gas and banks … Read more
The Indian market is likely to trade lower on Wednesday tracking muted global cues. The Nifty future closed negative with losses of 0.25% at 22,925 levels on Tuesday. India VIX was up by 4.36% from 23.19 to 24.20 levels. On the Options front, the maximum Call OI is placed at 23,000 and then towards 23,200 … Read more
Mumbai: India’s benchmark indices made fresh highs on Monday but gave up early gains as the sentiment remained edgy in the run-up to the election results on June 4. The Sensex crossed 76,000 and the Nifty crossed 23,100 for the first time but failed to close above these levels. Nifty ended at 22,932.4, down 24.6 … Read more
Mumbai: Stocks belonging to sectors such as fast-moving consumer goods (FMCG), agriculture, automobiles – especially two-wheelers and tractors – retail and hotels are likely to be in focus in the next few months, as the India Meteorological Department (IMD) has forecast an above-normal monsoon. Sufficient rainfall in the June-September season can lead to faster growth … Read more
Mumbai: The competition between India’s two major stock exchanges, the National Stock Exchange (NSE) and BSE, for market share continues to intensify. The NSE will introduce a 1 paisa tick size for all stocks below ₹250 starting June 10. Tick size is the incremental price at which a stock can trade. The 1 paisa tick … Read more
The strength in the market is expected to continue this week. Technical analysts predict Nifty could reach 23,400. Recommended stocks for trading this week include Reliance, SBI, L&T, Tata Power, Tata Steel, JSW Energy, Granules, JK Cement, BEL, Ashok Leyland, TVS Motors, RCF, Tata Tech, and Tata Elxsi. DHARMESH SHAH HEAD OF TECHNICALS, ICICI SECURITIES … Read more
India’s domestic indices notched all-time closing highs on Thursday, powered by gains in financial stocks, as the central bank’s record dividend to the government kindled hopes of a reduction in the country’s fiscal deficit. Stocks that were in focus include names like ITC, which rose 0.068%, KPI Green, which jumped 0.82%, and Grasim, whose shares … Read more
Benchmark indices closed higher on Wednesday amid buying in blue chips even on the back of mixed cues from global markets. The 30-share Sensex climbed 267 points to settle at 74,221.06 and Nifty rose by 68 points to finish at 22,597. Stocks that were in focus include names like Indian Bank, which fell 1.33%, Sun … Read more
We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Delhivery: Underperform| Target Rs 488CLSA downgraded Delhivery to underperform from buy earlier post-Q4 results and slashed the target price to Rs 488 from Rs 600 earlier. The Q4 revenue growth was below expectations. Express parcel revenue declined … Read more
