Indian market is expected to trade flat-to-lower on Friday tracking mixed global cues. The S&P BSE Sensex rose more than 100 points while the Nifty50 closed just a shade below 17900 levels on Thursday. India VIX moved down by 4.12% from 13.57 to 13.04 levels on Thursday. Volatility has been overall falling down from the … Read more
NEW DELHI: Following changes made in the Union Budget last week and RBI policy on Wednesday, global brokerage firm Jefferies has reshuffled its India model portfolio to add and Cholamandalam Finance by removing . “Our finance team is now incrementally positive on non-bank lenders as the rate hike cycle nears its end,” Jefferies’ Mahesh Nandurkar … Read more
“There are no two thoughts about it. Everybody is agreeing how equity investors are going to make it. So one has to believe in equities and it is a proven thing to make long-term wealth. There is nothing like equity. I think it is going to be a wonderful year from that perspective,” says Porinju … Read more
Global brokerage firm Macquarie maintained an outperform rating on . Jefferies retained an underperform rating on M&M and it maintained a buy call on . CLSA upgraded to a buy rating and Morgan Stanley initiated coverage on with an overweight rating post Q2 results. We have collated a list of recommendations from top brokerage firms … Read more
Global brokerage firm Citigroup maintained a buy rating on , Jefferies retained a buy rating on , and Citigroup maintained a buy call on post Q2 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on JSPL: Buy | Target Rs 560 Citigroup maintained a buy … Read more
Mumbai: Tube Investment, ABB India, Varun Beverages, , and are among the stocks likely to enter the MSCI India Standard index as part of the gauge’s November 2022 semi-annual review, IIFL Securities said. Global index services provider MSCI will announce the changes to its Indian indices on November 10, while the adjustments will take place … Read more
Service related sectors have got their mojo back after two years of the Covid-19 pandemic with the rise in consumption from India. One of the biggest beneficiaries of this is travel and tourism space. This has put the hotel sector at a sweet spot. Brokerage firms, both domestic and global, have turned positive on the … Read more
The hospitality industry has witnessed a strong recovery as the travel recovery bodes well for the sector. The hotel companies reported higher flow through (incremental EBITDA to incremental revenue) in 1QFY23 v/s 1QFY20. While domestic demand is seeing a strong recovery, international travel is lagging. With the pick-up in foreign inbound travellers in 3Q and … Read more
Global cues kept the market under pressure last week. On the weekly timeframe, Nifty closed on a negative note following the formation of a bearish evening star candlestick pattern. On the sectoral front, metals and PSBs led the rally, while IT turned green after continued selling pressure on Friday. Here’s how analysts read the market … Read more
Dalal Street legend Rakesh Jhunjhunwala died on Sunday. An established trader, renowned investor and a chartered accountant by profession, he entered the equity markets with just Rs 5,000 in 1985. On the day of his death, Jhunjhunwala’s net worth is estimated at $5.5 billion, roughly Rs 43,800 crore, making him the 36th richest person in … Read more