“Going ahead what is interesting is markets are oscillating in a falling wedge pattern and Nifty today took support at the lower end of the wedge pattern and there it is trying to post a recovery. It will be interesting to see if market actually manages to scale past the resistance levels of 22,650, 22,700,” … Read more
While Nifty ended with a week-on-week decline of 0.20%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 16,445 crore on screen which included both buying and selling action. In the large cap segment, 15 companies witnessed significant block deals on … Read more
“We have a QGLP philosophy, where we look at the growth leaders where the longevity of growth is very high, and we buy new stocks at reasonable prices,” says Vaibhav Agrawal, AIF Fund Manager, MOAMC. In an interview with ETMarkets, Agrawal said: “If you had invested 1 crore, that would be about 12.5 crores today, … Read more
The Indian market closed in the green for the fifth consecutive day on Thursday, tracking positive global cues. The S&P BSE Sensex rallied nearly 500 points, while the Nifty50 closed above 22,500 levels. Sectorally, buying was seen in auto, power, healthcare, metals, and public sector stocks, while selling was witnessed in realty and consumer durable … Read more
Indian market is likely to trade higher on Monday tracking positive global cues. The Nifty future closed positive with gains of 0.32% at 22126 levels on Friday. India VIX was up by 3.20% from 12.88 to 13.46 levels. Volatility rose during the week but is comparatively still at lower levels. On the options front, the … Read more
With the dollar index and US 10-year bond yields on the rise, along with increasing crude prices and geopolitical tensions, analysts advise a cautious approach. They advise investors to refrain from chasing buying opportunities at elevated levels and suggest booking profits on any bounceback. ICICI Bank, Reliance Industries, Mahindra & Mahindra, Eicher Motors, SAIL, IRCTC, … Read more
Brokerage UBS upgraded rating on Eicher Motors to Buy while Jefferies initiated coverage on Syrma SGS and Kaynes Technologies. Nomura also shared its views on oil marketing companies (OMCs) in the light of a Rs 2 per litre cut in petrol and diesel prices. We have collated a list of recommendations from top brokerage firms … Read more
UPL. Share Price 475.15 03:59 PM | 15 Mar 2024 13.05(2.83%) Bharti Airtel. Share Price 1220.00 03:59 PM | 15 Mar 2024 25.41(2.13%) Bajaj Finance. Share Price 6514.35 03:59 PM | 15 Mar 2024 116.91(1.83%) HDFC Life Insurance Company. Share Price 632.35 04:03 PM | 15 Mar 2024 10.11(1.63%) Adani Enterprises. Share Price 3132.20 03:59 … Read more
After seeing testing times in FY23 amid skyrocketing inflation and weak consumer demand, India Inc found solace in FY24 as several companies reported strong double-digit growth in earnings. One of the major factors driving this growth was easing inflationary pressures. As many as 234 companies, excluding banks and financial services, saw operating profit or EBITDA, … Read more
Shares of Eicher Motors fell 2.5% to the day’s low of Rs 3,756.10 on the NSE on Wednesday notwithstanding a strong December quarter show and target upgrades by a couple of brokerages. While CLSA upgraded the stock to Underperform and raised the price target, Nomura took a neutral view and also revised the price target … Read more