Equity benchmark indices Sensex and Nifty fell by 1% on Wednesday on weak global market trends and continuous foreign fund outflows. Fitch Ratings has downgraded the United States government’s credit rating, citing rising debt at the federal, state, and local levels and a “steady deterioration in standards of governance” over the past two decades. The … Read more
Indian market is likely to consolidate on Monday tracking mixed global cues. The S&P BSE Sensex fell more than 100 points while the Nifty50 closed below 19700 levels on Friday. India VIX was down by 3.52% from 10.51 to 10.14 levels in the previous trading session. Volatility has been moving in a range for the … Read more
Finolex Industries, part of the capital goods industry, rose by about 14% in a month pushing the stock price to a fresh 52-week high in May and the chart patterns suggest that the rally may not be over yet. Traders can look to buy the stock for a target of Rs 230 in the next … Read more
Traders are scouring the market for stock bets that could benefit from a likely harsh summer. Brokerage Jefferies said companies benefiting from a strong summer belong to makers of fans, air conditioners, refrigerators, agriculture pipes, air coolers and pumps. Agencies The firm’s top picks in these segments are Crompton Consumer, V-Guard Industries, Amber Enterprises, Finolex … Read more
Global brokerage JPMorgan has maintained an overweight rating on and a neutral stance in case of Bharat Forge. Macquarie believes that Life Insurance will outperform while Nomura has a buy rating on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on : Outperform | Target … Read more
Issue dates: August 10-12, 2021 Price band: Rs 530-541 per share Issue size: Rs 3,850 crore Implied Market cap: Rs 8,500 crore Lot size: 27 shares ET Intelligence Group: Chemplast Sanmar, a speciality chemicals company catering to footwear and auto-upholstery segments, plans to raise Rs 3,850 crore through the initial public offering to reduce debt. … Read more