Nine new stocks will be part of the MSCI India Index as the rejig comes into effect from Thursday. These stocks are IndusInd Bank, Suzlon Energy, Persistent Systems, APL Apollo, Polycab, Macrotech Developers, Tata Motors A, One 97 Communications (Paytm), Tata Communications. Moreover, seven stocks viz. Zomato, Hindustan Aeronautics (HAL), Jio Financial Services, Vedanta, PFC, … Read more
NEW DELHI: Building on last week’s gains, Sensex and Nifty started the Hindu accounting year Samvat 2080 on a positive note by ending 0.5% stronger. Sensex ended 355 points higher while Nifty ended comfortably above the 19,500-zone. Buying action was more visible in the broader market as the smallcap index rallied over 1% with Welspun … Read more
The second quarter results, even though a bit mixed, were largely in line with the expectations so far. While the IT companies’ revenue forecasts were muted, private lenders reported good margins and improved asset quality. In the upcoming week, a slew of Nifty companies and some Adani group firms will announce their earnings. Here’s a … Read more
“All the stocks are firing up and I had been recommending metal stocks since almost one month so most of them are doing well. And I think it is just the starting because previously also stated that Dollar Index has internationally corrected from 105 levels to almost 100 levels,” says Aditya Arora, Adlytick.When you look … Read more
“Until the Bank Nifty does not cross this 40000 level a major short covering is not going to happen in the system. Most of the call writers for monthly expiry are writing the position around 40000 strike,” says Rajesh Palviya, Axis Securities. What levels you will be tracking for Nifty 50. For Nifty as well … Read more
Indian market closed in the green on Tuesday tracking positive global cues and buying in index heavyweights. The S&P BSE Sensex rose more than 600 points to climb above 61,000 while the Nifty50 closed above 17900 levels. Sectorally, buying was seen in IT, FMCG, and banks while selling was visible in realty, utilities, and power. … Read more
Mumbai: The Sensex and Nifty, which comprise the biggest of India’s companies, have appeared to be wobbly in the past six months but beneath the surface several stocks have shown resilience. Out of top 500 stocks on the NSE, 150, or 30% of the basket, are trading above three key trend indicators, pointing to bullishness. … Read more
APL Apollo Tubes, a producer of structural in India, hit a record high earlier in August 2022, and experts and technical indicators suggest that the upside is still intact. The stock with a market capitalisation of more than Rs 26,000 crore hit a record high of Rs 1,146 on August 16, 2022, on the BSE. … Read more