Indian market is expected to trade higher on Tuesday tracking positive global cues. The S&P BSE Sensex rose more than 100 points while the Nifty50 failed to close above the 17000 mark in the previous session. India VIX was up by 1.35% from 15.24 to 15.44 levels on Monday. Volatility has been on the rise … Read more
MUMBAI: Shares of Cipla plunged 7% on Monday and hit their lowest level in about 7 months as observations issued by the US Food and Drug Administration (US FDA) to the company’s Pithampur manufacturing facility in Madhya Pradesh raised concerns over earnings. The stock hit a 7-month low of Rs 955.25 on the National Stock … Read more
Brokerage firm Jefferies maintained a buy rating on , Morgan Stanley has an overweight rating on Dr Reddy’s Laboratories, Nomura maintained a buy on , and Nirmal Bang has a buy rating on post Q3 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Bajaj … Read more
“Several infrastructure stocks where order books are almost 3x last year’s sales, and there are some of them which are even 3.5, 3.7 times their last year’s sale so there were good order books plus execution picks up in the second half of the year. So this quarter and the next quarter can be very … Read more
Global brokerage firms including Citi, JP Morgan, Nomura, HSBC and BofA have shared their view on a number of stocks, including , , , and PVR. We have collated a list of recommendations from top brokerage firms from ET NOW: Citi on (Paytm): Buy | Target Price: Rs 1,055Paytm has gained market share in digital … Read more
Nifty futures on the Singapore Exchange traded 86.5 points, or 0.48 per cent higher at 18,289.5, signaling that Dalal Street was headed for a positive start on Monday. Here are a dozen stocks which may buzz the most in today’s trade: Coal India, Divis Labs, BPCL: Coal India, Divi’s Laboratories, Bharat Petroleum, One97 Communication, , … Read more
Domestic equities could see extended profit booking as concerns over recession amid steeper rate hikes remained following Bank of England’s policy action on Thursday. Options data too indicates that Nifty 50 is likely to be in a consolidation phase, as most of the out-of-the-money call option premiums fell sharply in the previous trading session. Here’s … Read more
Indian market opened flat-to-negative on Monday following muted global cues. The S&P BSE Sensex which opened flat quickly fell more than 100 points while the Nifty50 broke below 17500 in the first 15-minutes of trade. Sectorally, buying was seen in the public sector, utilities, oil & gas, and power stocks while selling pressure was visible … Read more
Brokerages maintained their rating on post its June quarter results despite a marginal drop in net profit on a strong product pipeline and demand recovery. Shares of Cipla rallied more than 4 per cent in intraday trade on Monday to reclaim Rs 1,000 levels. Long-term investors can look to buy the stock now or on … Read more
NEW DELHI: With the Indian rupee crossing the 80 level against the US dollar, experts say the changing dynamics in the forex market can be a tailwind for stock investors in a turbulent market if their portfolios are positioned accordingly. While the strategy is simple – increase weightage on exporters and trim holdings in importers … Read more