The Indian market was off to a muted start on Wednesday, expected to consolidate going further tracking mixed global cues. The Nifty future closed positive with gains of 0.25% at 22196 levels on Tuesday. India VIX was up by 0.82% from 15.60 to 15.72 levels. Volatility has been rising from the last two sessions. Positive … Read more
Major global firms ranging from banks to chipmakers are taking a largely cautious stance on their China business amid a frail recovery at the world’s second-largest economy from a pandemic slowdown. Following are comments from firms on their China business during the latest reporting season: Procter & Gamble: The Tide detergent maker reported an overall … Read more
After ideaForge‘s near multibagger returns on Day 1, investors are expecting another strong listing from Cyient DLM, whose shares will debut on Monday. The grey market premium (GMP) of Cyient DLM is around Rs 150-155 in the unlisted market. If we consider the upper price band of Rs 265, the company’s shares are expected to … Read more
The Nifty has closed below its short-term moving average and the broader price structure. According to technical analysts, these indicate a possibility of a bearish head and shoulder pattern formation. Hence, upside momentum is expected only above the 18,267 level, while the index can witness selling if 18,042 is broken. Stocks such as Siemens, ABB, … Read more
Chandraprakash Padiyar, Senior Fund Manager, Tata Mutual Fund, says he belongs to the camp which says that businesses in India continue to do well. There are some pockets of businesses which have slightly lower growth or profit margin impact but coming to largecaps, it is mainly banks and they continue to do extremely well. There … Read more
“But the services sector of Indian companies is at a 14-year high. So, which means therefore all the services-related companies are on a strong wicket as far as the stock price outlook is concerned,” says Chakri Lokapriya, CIO & MD, TCG AMC.We have seen a 1000-point rally on the Nifty. Do you think more is … Read more
“Incrementally, things are not looking positive for Bajaj Auto because 40-45% of their revenue is still coming from exports market and you have some headwinds and we have seen that the production cut has been announced,” says Hemang Jani, MOFSL What is your take on the Adani Group as a whole and if at all … Read more
“If you look at the numbers, the Street was at 4.7, we were at 4.6, the number came at 4.4, but largely if I adjust for the revisions in the previous quarters the data was largely as expected,” says Tanvee Gupta Jain, UBS Securities India Pvt Ltd.The government has revised both the FY21 and FY22 … Read more
“Even the earnings growth are pretty good. In fact till the beginning of Feb when I was keeping track of what was happening earnings growth was around 18% in the Nifty,” says Dinshaw Irani, CIO, Helios India.We have had three weeks of hectic news flow, we are now approaching the lean patch sort to speak. … Read more
The budget initiatives toward capital expenditure to boost urban infrastructure, housing, and transport sectors are expected to give a fillip to capital goods, industrials, metals, and cement stocks. Analysts anticipate infrastructure-led companies to see the benefits of the budget proposals in the second half of the next financial year and drive the re-rating of these … Read more