Indian market closed in the red for the third consecutive day in a row on Thursday. The S&P BSE Sensex fell more than 100 points while Nifty50 closed below 17900 levels. Sectorally, buying was seen in capital goods, IT, power and auto while selling was seen in oil & gas, energy, telecom and banks. Stocks … Read more
Ahead of the US inflation report later in the day, investors remained on edge on Dalal Street as equity indices closed in the red for the third straight day on Thursday in a volatile trading session. Index heavyweight , banking and financial stocks were a drag on the indices. The BSE Sensex index ended 147 … 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
NEW DELHI: Domestic brokerage firm Kotak Institutional Equities has reduced stake in four IT stocks – , TCS, and – and picked speciality chemical stock SRF in its model portfolio. “We include SRF (150 bps) bps) in the portfolio. SRF stock is trading at 25.2X FY2024E EPS and its valuations have become more reasonable after … Read more
Benchmark equity indices pared most of their intraday losses helped by upbeat November services activity data and ended flat on Monday. The 30-share Sensex ended 34 points lower at 62,835, while its broader peer Nifty 50 ended at 18,700 level. In the Sensex pack, , , , Dr Reddys Lab, , and were among the … Read more
Benchmark equity indices closed lower on Friday after 8 days of non-stop rally, as the spectre of recession came back to spook investors, who got busy securing profits ahead of US payrolls data in the anticipation of more cues on a shift in the Federal Reserve’s rate-hike plans. The 30-share Sensex ended 416 points lower … Read more
Indian equity indices touched fresh all-time highs and closed higher for the sixth straight session on Tuesday, led by IT and FMCG stocks. The 30-share Sensex ended 177 points higher at 62,682, while its broader peer Nifty 50 ended above the 18,600 level after touching a new peak of 18,678. Among Sensex stocks, HUL, , … Read more
The Nifty is heading towards 18,900 levels in the near term with traders building bullish bets on the market, say technical analysts. Traders should, however, adopt a stock specific approach and look to add quality stocks such as , , L&T, , ACC and for a 5-7% upside in the short term, they said. SUDEEP … Read more
It was feared that the economic slowdown in Europe and the US would affect the IT sector, but that has not happened. Contrarily, the majority of businesses have reported strong growth, even in Europe. While the situation is volatile, companies are confident of navigating the same successfully. Source link
Snapping three straight days of losses, Indian equity markets closed higher on Tuesday, led by index heavyweight , IT, banking and consumer stocks. The 30-share Sensex ended 274 points higher at 61,419 while its broader peer Nifty 50 ended just below the 18,250 level after trading in a narrow range with investors turning extra cautious … Read more