Heavyweights lag, but new leaders give wings to rally

Heavyweights lag, but new leaders give wings to rally

Mumbai: The dynamics of stock leadership on Dalal Street has undergone a change of late with stalwarts of the recent past taking a backseat and giving way to new stars. Gone are the days when bluechip consumer, private financials and information technology (IT) dominated the performance of the Nifty for nearly a decade. Now, the … Read more

F&O stocks to buy today: Infosys, Hindalco among top 6 trading ideas for 12 December 2023

F&O stocks to buy today: Infosys, Hindalco among top 6 trading ideas for 12 December 2023

Indian market is likely to trade higher on Tuesday following positive global cues. The Nifty futures closed positive with gains of 0.02% at 21079 levels on Monday. India VIX was up by 2.31% from 12.47 to 12.75 levels. Volatility was slightly high but created momentum for new price territory in the market. Positive setup was … Read more

Ongoing rally may take Nifty to 19,800: Analysts

Ongoing rally may take Nifty to 19,800: Analysts

The record-breaking rally in Nifty may extend to 19,800 levels, said technical analysts. The index closed at an all-time high of 19,564.50 on Friday as foreign portfolio investors stayed bullish on the market. Stocks such as ICICI Bank, National Aluminium, Tech Mahindra, Hindalco, Bajaj Finance, Tata Steel, Infosys, Glenmark, Zee, and Hero Motocorp have formed … Read more

2 top stock recommendations from Aditya Arora

2 top stock recommendations from Aditya Arora

” Reliance is the heaviest weighted counter in Nifty and it has been a thing that whenever market needs a strong support when every other counter is lacking strength then Reliance comes back into action,” says Aditya Arora, Adlytick.Have we missed the big move on Reliance or it is just breaking out? Should any pullback … Read more

Hot Stocks: Brokerage view on Vedanta, AU Small Finance Bank, Info Edge and Hindalco

Hot Stocks: Brokerage view on Vedanta, AU Small Finance Bank, Info Edge and Hindalco

Brokerage firm JPMorgan downgraded Vedanta to a neutral rating, maintained underweight stance on Hindustan Zinc and retained overweight on Hindalco. Citi downgraded AU Small Finance Bank to neutral and Macquarie has an underperform rating on Info Edge. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:JPMorgan on Vedanta … Read more

Hot Stocks: Brokerage view on Nykaa, RIL, Delhivery, Hindalco and Tata Motors

Hot Stocks: Brokerage view on Nykaa, RIL, Delhivery, Hindalco and Tata Motors

Brokerage firm Goldman Sachs remained neutral on Nykaa, Macquarie maintained a neutral rating on Reliance Industries, Jefferies has a buy rating on Delhivery, CLSA maintained a buy rating on Hindalco, and UBS resumed a sell rating on Tata Motors. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: … Read more

How to trade Hindalco shares after profit plunges 48% YoY in Q4

How to trade Hindalco shares after profit plunges 48% YoY in Q4

After Hindalco Industries posted a 48% fall in its standalone Q4FY23 net profit on Wednesday, CLSA maintained a ‘Buy’ rating on the metal stock while Kotak recommends an ‘Add’. Meanwhile, Nuvama has a ‘Hold’ stance on the counter. Hindalco’s profit after tax (PAT) stood at Rs 832 crore for the quarter ended March. It was … Read more

Which stocks will see maximum outflow and inflow? Sriram Velayudhan answers

Which stocks will see maximum outflow and inflow? Sriram Velayudhan answers

“In case of deletions, the index provider has decided to delete Adani Transmission and Adani Total Gas and Indus Towers as well. In case of Adani Group of stocks, in case of Adani Transmission, the net outflow is to the tune of 190 million dollars. In case of Adani Total Gas it is 170 million … Read more

Can Q4 earnings be a game changer for this beaten-down pack?

Can Q4 earnings be a game changer for this beaten-down pack?

Last calendar year was a rough year for Indian metal stocks, and all the hopes that 2023 will bring some respite for the beaten-down sector are down in the doldrums as of now. In CY23, the Nifty Metal index recorded a decline of roughly 15%, making it the second worst performer, with Nifty Media leading … Read more