Global index services provider MSCI has added eight Indian stocks to its Global Standard Index and removed one as part of its quarterly index review. The changes will likely result in an inflow of nearly $1.4 billion from foreign passive funds when the actual changes take place on August 31. A release by MSCI on … Read more
Mumbai: Stocks of Power Finance Corporation, HDFC Asset Management Company, IDFC First Bank, Ashok Leyland, Cummins India, and Astral are likely to be included in the MSCI Global Standard Index in its forthcoming rejig to be announced on August 11, according to Nuvama Alternative & Quantitative Research. IDFC First Bank is expected to see inflows … Read more
PB Balaji, CFO, Tata Motors, says “we are significantly better than where we were before. We are getting much more visibility into talking in terms of visibility into the end of Q2 and beyond, compared to earlier it was just a week or two. So, things have improved substantially, but it is fair to say … Read more
The record-breaking rally in Nifty may extend to 19,800 levels, said technical analysts. The index closed at an all-time high of 19,564.50 on Friday as foreign portfolio investors stayed bullish on the market. Stocks such as ICICI Bank, National Aluminium, Tech Mahindra, Hindalco, Bajaj Finance, Tata Steel, Infosys, Glenmark, Zee, and Hero Motocorp have formed … Read more
Indian market is likely to consolidate on Thursday tracking muted global cues. The S&P BSE Sensex fell more than 200 points while the Nifty50 closed below 19400 levels in the previous trading session. India VIX was down by 0.68% from 11.01 to 10.93 levels on Wednesday. Volatility sunk lower and is hovering near its lower … Read more
On the back of low inflation and lower raw material prices led by a decline in crude oil prices mid and smallcap indices hit their new 52-week high. The Nifty Midcap100 index surged 0.71% to 35,397, while the Nifty smallcap100 index rose 0.78% to 10,824 in Monday’s trade. Meanwhile, since April, Nifty Midcap100 gained 12.5%, … Read more
Auto stocks have been in action over the past week witnessing a broad based rally. While the medium to long term prospect remains strong for the sector, stock selection will be key to reap benefits. Investors with a short term view can look to book profits while those willing to make new positions should see … Read more
Shares of automobile companies, particularly the four-wheeler makers, registered strong gains in FY23, as the outlook for earnings improved significantly with the strong demand for passenger as well as commercial vehicles. Mahindra & Mahindra topped the list among 4-wheeler makers, with the stock clocking 40% gains. Companies such as Maruti Suzuki, Ashok Leyland, and Eicher … Read more
“Ashok Leyland has been consolidating for the last few months at current level. Business has been improving at a very fast pace. Market share recovery has been strong. Margins are just recovering. So that is another stock which we like on the OEM side,” says Jinesh Gandhi, Motilal Oswal Financial Services While highlighting how the … 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