Indian market snapped 5-day winning streak on Friday to close in the red tracking muted global cues. The S&P BSE Sensex fell more than 600 points while the Nifty50 managed to hold on to 22,400 levels. Sectorally, buying was seen in healthcare, realty, public sector and consumer durable while selling was seen in capital goods, … Read more
Indian market is expected to open higher on Friday tracking positive global cues. The Nifty future closed positive with gains of 0.28% at 21983 levels on Thursday. India VIX was down by 4.65% from 16.33 to 15.57 levels. Volatility cooled off after steaming in the entire week and paved the way for the bulls in … Read more
The last week of 2023 ended with a strong bullish candle and the trend is expected to continue as investors enter the new year with fresh enthusiasm. In light of this, three stocks have formed a strong setup on the charts for further rally, giving a good risk-reward ratio. Here’s the trading strategy from Sheersham … Read more
MUMBAI – Container Corporation of India (CONCOR) will be excluded from the derivatives segment, effective September 29, NSE said in a circular late Friday. The existing contracts of expiry months July, August and September would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing … Read more
Amid weak global cues and stress over the trajectory of future rate hikes by central banks, the domestic equity market continued its downward trajectory of last week on Monday. While bank stocks showed resilience in morning, IT stocks were the worst affected. “There are indications that on the back of renewed inflation spike, the Fed … Read more
The jump in capital expenditure announced in the budget will provide the economic thrust needed in the face of global headwinds, finance secretary TV Somanathan told ET in an interview. Edited excerpts. Global uncertainty is the biggest threat at this juncture. Has the budget done enough to ensure 6-7% growth?The most direct action the government … Read more
Shares of Container Corp. of India () did not see a follow-up rally on Thursday, as a cut in land license fee (LLF) on leasing of railways land for Shakti terminals could not lift analyst earnings estimates for the logistics solutions provider. Analysts seek more clarity on the subject while maintaining a ‘buy’ rating on … Read more
NEW DELHI: With hardly any analyst coverage, the stock of defence PSU has been rallying silently for the last few weeks. The stock, which ended 11.6 per cent higher at Rs 394.80 on BSE on Monday, has delivered an impressive return of nearly 42 per cent in the last one month. “Given the government’s thrust … Read more
The government is likely to tweak the railway land use policy and reduce the land licensing fee (LLF) for industrial use to 3.5% from 6%. The move is expected to facilitate strategic divestment of government-owned Container Corporation of India Ltd (Concor) by making the deal more lucrative for players. The proposed reduction in LLF was … Read more
To further improve the visibility on the annual LLF outgo, Concor has entered into a 35-year lease agreement for 24 terminals with the railways. Synopsis Concor currently uses 26 terminals. A dispute had cropped up last year after the railways demanded LLF of Rs 1,300 crore annually, which was around 2.5 times higher than Concor’s … Read more