The Indian market recouped losses to close in the black. The S&P BSE Sensex rose over 260 points, while the Nifty50 reclaimed 22,000. Sectorally, buying was seen in telecom, metal, oil & gas, power, and utilities, while selling was seen in banks, realty, and IT stocks. Stocks in focus include names like Hindustan Zinc, which … Read more
Brokerage JPMorgan maintained an overweight rating on SBI and Macquarie upgraded Escorts to outperform. CLSA downgraded Sula to underperform while maintaining a sell on Asian Paints post Q4 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on SBI: Overweight| Target Rs 1000 JPMorgan maintained an … 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
Escorts Kubota Ltd, part of the tractor segment, has rallied more than 40% in the last 3 months to hit a fresh record high in October and the chart pattern suggests that the rally may not be over yet. Medium-term investors can look to buy the stock on dips for a possible target of 3800-4000 … Read more
The Indian equity indices bounced back on Tuesday and closed in the green, recouping losses made in the previous trading session. The S&P BSE Sensex rose more than 550 points while the Nifty50 closed above 19600 levels. Sectorally, buying was seen in realty, metal, telecom, public sector, and banking stocks. Stocks that were in focus … Read more
Vinit Bolinjkar, Head-Equity Research, Ventura Securities, says RBL is definitely a stock to buy. So, irrespective of Mahindra putting money into this stock, we had a buy on this stock at Rs 130 with a target of Rs 260. Today, we are sitting around 210-220 odd levels still a way to go and our estimates … Read more
“Investor pessimism about the US economy with rising inflation and recession fears has led to the slide in the Indian Technologies companies last week,” says Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher Pvt. Ltd.In an interview with ETMarkets.com, Parekh who has over 16 years of experience said: “TCS has been in consolidation for … Read more
Following dovish commentary by the US Fed Chair Jerome Powell, the domestic equity market made yet another record high and ended in the green zone for the eighth straight day. IT, PSU banks, realty and metals gained while auto stocks saw some selling on the back of mixed monthly sales numbers. Stocks that were in … 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
Mumbai: The Sensex and Nifty, which comprise the biggest of India’s companies, have appeared to be wobbly in the past six months but beneath the surface several stocks have shown resilience. Out of top 500 stocks on the NSE, 150, or 30% of the basket, are trading above three key trend indicators, pointing to bullishness. … Read more