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
The worst August selloff in years for emerging-market assets eased on Tuesday as China continued to drip-feed its stimulus measures. The month-end optimism echoed in everything from a tech-stock rally in Hong Kong to firmer iron ore prices in Singapore and a stronger South African rand. Beyond the China-themed assets however, markets were muted with … Read more
Much before the US Federal Reserve started its aggressive interest rate hikes and balance sheet reduction in May this year, the flow of FIIs on Dalal Street turned negative in October 2021. Till June, the foreigners’ club sold Indian equities worth an unprecedented $33 billion. July onwards, FII flows towards India and other emerging markets … Read more