Adani Wilmar, HDFC AMC among 17 companies in focus this week for dividend, AGM, rights issue, split, bonus issue

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 Ratings places 6 Tata group companies on ‘CreditWatch Positive’

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

stock recommendations: 2 top stock recommendations from Soni Patnaik for near term

“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

Hot Stocks: Brokerage view on Tata Steel, RR Kabel, RIL; Axis Capital upgrades Indigo

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

Nifty: Consolidation breakout can take Nifty to 23,400: Analysts

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

Nifty Metal Index: Metal stocks rally on China’s realty stimulus, LME gains

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

F&O stocks to buy today: Tata Steel, ACC among top 9 trading ideas for 16 May 2024

Indian market is expected to consolidate on Thursday tracking mixed global cues. The Nifty future closed negative with losses of 0.13% at 22280 levels on Wednesday. India VIX was up by 0.35% from 20.20 to 20.27 levels. On the weekly options front, the maximum Call OI is placed at 22500 and then towards 22300 strikes … Read more

equities: With bulls dancing, many more join Street party

The record-breaking rally in Indian equities in recent years has resulted in investors coming into the stock market in hordes. The broadening of the shareholder base in several stocks is a reflection of the appetite for stocks. For instance, five stocks, NHPC, Indian Renewable, IRFC, Yes Bank, and HDFC Bank, collectively added 75 lakh investors … Read more

Nifty: Follow-up buying could take Nifty higher: Analysts

Most technical indicators suggest a short-term bottom reversal for Indian indices. Analysts expect the Nifty to trend higher as follow-up buying may emerge above 22,180, with short positions potentially being challenged above 22,425. Reliance Industries, SBI, Hindalco, Eicher Motors, Maruti, HAL, and M&M, along with midcaps like Jindal Steel and Power, Delivery, Bharat Dynamics, Lemon … Read more

Lok Sabha election begins: How Nifty may behave before results and which stocks to buy?

As polling for the seven-phase-long Lok Sabha election began from today, Dalal Street’s 9 crore investors would be closely tracking the mood of 96.8 crore voters spread across India. Ahead of the voting for the first phase, Sensex has given up almost all of its gains made in 2024 after rewarding investors with a 20% … Read more