“I believe we will again retest 18,000 support and if it breaks down to that level, then 18,800, 18,700 levels will get open on the Nifty,” says Swati Ananda Hotkar, Nirmal Bang Securities.What is your perspective as far as markets go? What is your perspective as far as Bank Nifty goes?The view is a little … Read more
Kolkata: Bandhan Financial Holdings Ltd’s (BFHL’s) plan to enter into the mutual fund business has crossed another hurdle with market regulator Securities & Exchange Board of India giving no-objection to its purchase of IDFC’s stake in IDFC Asset Management Company. Sebi‘s approval letter was issued on November 29. The Reserve Bank of India and Competition … 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
The Indian market is expected to open higher on Wednesday tracking the positive trends seen in other Asian markets. We have collated stocks from various experts for traders who have a short-term trading horizon: Expert: Sanjiv Bhasin, Director, , told ETNow : Buy | Target Rs 420 | Stop Loss Rs 380 Expert: Kunal Bothra, … Read more
Mumbai: Digital may promise to be a big driver of business from hotels to logistics, but when it comes to insurance, the traditional people-led sales model will continue to dominate the scene as it requires advice based on individual needs, said Tarun Chugh, CEO of Bajaj Allianz Life Insurance Company. The insurer sells half its … Read more
The Reserve Bank of India (RBI) is in the final stages of the rollout of the retail central bank-backed digital currency (CBDC) that will be interoperable with the present forms of payment systems, people aware of the developments said. Officials indicated that the platform for CBDC is being hosted by the National Payments Corporation of … Read more
Mumbai: High-risk takers looking to bet on a thematic domestic consumption story could make a lump sum allocation to transportation and logistics funds. Asset managers believe the current market presents a good entry point as the auto sector is at a cyclical bottom and is expected to post the highest earnings growth among peers as … Read more
The Nifty managed to close above the support zone of 16,750-17,000, but absence of momentum is hindering an upmove. Technical analysts expect the index to consolidate in 16,450-17,450 range till October F&O expiry. Analysts said stocks such as , , ABB, , Angel One, , and could witness strength in the near term. ASHISH CHATURMOHTA … Read more
Strategy Positions: Sell 1 lot Bank Nifty 20 October 38200 Put at 82 & Sell 1 lots 20 October 40400 Call at 80, Total premium in-flow: 162; Target: 20; Stop loss: 250. Rationale: The banking index gained marginally last week and largely consolidated near 39,000 levels despite continued depreciation in rupee and rise in bond … Read more
Confident that the company would grow profitably from hereon supported by its successful transition from infrastructure lending to building a diversified retail-focused loan book, Axis Securities initiated coverage on with a buy rating and a target price of Rs 70, implying an upside of 31% from the current market price of Rs 53.3. The company … Read more