“I think this sale also is likely to be that of Reliance which was left off last week. Now they do not get 2200 crores, they get overall I think around 10,000 odd crores and they have huge debt so they can just use it to repay the debt. And in terms of news flow, … Read more
With the earnings season nearing the end, more than 500 companies are scheduled to release the earnings for the quarter and half-year ended September on Wednesday. The big ones to watch out for will be United Spirits, Lupin, Oil India, Mazagon Dock Shipbuilders, Bharat Heavy Electricals, Pidilite Industries, Tata Power Co, and Patanjali Foods. The … Read more
The Indian equity markets opened on a week note on Monday. However, the benchmark equity indices made a quick recovery to trade higher. Expert: Securities, told ETmarkets.com | Buy | Target Price: Rs 2,610 | Stop Loss: Rs 2,510 | A long position can be initiated in the range of Rs 2,520- 2,535 for the … Read more
recently reported a 72 per cent rise in June quarter profit on a three times jump in sales, but analyst views on the counter have been fairly mixed. Those who see a strong outlook are betting on the company’s sneakers segment and see steady recovery in volumes ahead. Others who are not, pointed to volumes … Read more
Indian market started on a strong note on Tuesday tracking positive global cues. The S&P BSE Sensex rose more than 300 points while the Nifty50 also climbed above 17700 levels in the first 15 minutes of trade. Sectorally, buying was seen in auto, realty, consumer discretionary, and banks while some selling was seen in metals … Read more
The Indian market started on a firm note on Monday tracking positive global cues. The S&P BSE Sensex rallied more than 100 points while Nifty50 reclaimed 17,200 levels in the first 15-minutes of trade. Sectorally, buying was seen in auto, metals, consumer discretionary, power, and telecom while some profit booking was seen in realty, IT, … Read more
Technical analysts expect the Nifty to test 17,300 in the short term after the index closed above the 17,000-mark for the first time in nearly two months on Friday. The Nifty ended with a gain of 2.6% last week at 17,158.25. If it crosses 17,300, a further upmove towards 17,800 cannot be ruled out, said … Read more
Indian market started on a strong note on Friday tracking positive global cues. The S&P BSE Sensex rallied over 500 points while the Nifty50 reclaimed 17,000 levels in the first 15-minutes of trade. Sectorally, the rally was seen in metals, realty, auto, capital goods, and power stocks while some selling was visible in the healthcare … Read more
Indian markets fell in morning trade on Tuesday tracking weak global cues. The S&P BSE Sensex fell more than 200 points while the Nifty50 slipped below the 16,200 mark in the first 15-minutes of trade. Sectorally, buying was seen in utilities, power, telecom, and oil & gas while selling was visible in metals, consumer durables, … Read more
Technical and derivative analysts expect the Nifty to rise further in the coming week, up to 16,000 levels. The Nifty gained 2.7% last week to 15,699.25, outperforming most of the Asian peers. SUDEEP SHAH HEAD, TECHNICAL & DERIVATIVES RESEARCH, SECURITIES What should investors/traders do? Investors should look to buy the dips until 15,450 levels are … Read more