Mumbai: India’s stock benchmarks jumped over 1.5% on Friday with the Nifty closing at new all-time highs, erasing all losses in the previous three trading sessions after the budget increased taxes on equity market transactions. Analysts said indicators point to an overbought market, but the renewed bullish momentum could push the markets higher and the … Read more
Britain’s new government is prioritising avoiding job losses in talks with Tata Steel over government backing for a transition to lower-carbon technologies, business minister Jonathan Reynolds said on Sunday. Tata, Britain’s biggest steel producer, started closing one of its carbon-intensive blast furnaces on Thursday while the shutdown of its other one is slated for September, … Read more
Domestic markets opened on a flat note but soon bulls took over and brought some gains to start the week on a high. In today’s trade, shares of Patanjali Foods, IOL Chemicals, Carysil, Tata Steel, Coal India among others will be in focus due to various news developments. Coal India State-owned CIL’s coal production rose … Read more
Technical charts suggest the short-term trend of Nifty is likely to be range-bound with a weak bias. A move below the immediate support of 23,250 could indicate the beginning of a shortterm downward correction, according to technical analysts. For short-term trading, analysts recommend stocks such as SBI, IDFC First Bank, Granules, Infosys, HCL Tech, M&M … Read more
Adani Wilmar, Bank of India, L&T Finance and HDFC Asset Management Company among a host of other companies are likely to remain in focus in the week ahead as they have corporate actions like dividend, annual general meetings, rights issue, split and bonus issue lined up. Here is a list of corporate actions lined up … Read more
S&P Global Ratings has rated six Tata group companies, including Tata Motors and Tata Steel, on CreditWatch with positive implications. The other entities part of the latest action from S&P include Jaguar Land Rover (JLR), Tata Power, TML Holdings Pte. and ABJA Investment Co Pte. The review, the ratings agency said, is being done to … Read more
“I think this is going to be the overall range for the next two to three days, that is the 23,000 between and 23,500 on the higher side,” says Soni Patnaik, JM Financial Services.What is your understanding of the market mood right now? We scaled a fresh record high. Are we headed to 23,500 now? … Read more
Brokerage Citigroup maintained a buy rating on RR Kabel, JPMorgan has an overweight stance on RIL, Axis Capital upgraded Indigo to buy and Jefferies maintained a buy rating on Tata Steel. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on RR Kabel: Buy| Target Rs 2043Citigroup … 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
Mumbai: Metal stocks were the top gainers in Tuesday’s trading as China’s new package to rescue its floundering property market boosted sentiment in the sector. The Nifty Metal Index soared 3.9%, while the benchmark Nifty gained 0.1% on Tuesday. Hindustan Zinc surged 20%, followed by Vedanta which gained 7.04%. Jindal Steel and Power and Hindalco … Read more
