The Indian market is expected to consolidate on Friday tracking weak global cues. The S&P BSE Sensex and Nifty50 closed marginally lower in the previous trading session. India VIX was down by 3.30% from 10.98 to 10.61 levels on Thursday. Volatility cooled off and paved the way for the bulls to strengthen in the market. … Read more
Indian market is likely to consolidate on Tuesday tracking muted global cues. The S&P BSE Sensex rose more than 200 points while the Nifty50 closed just a shade below 19,600 levels in the previous trading session. India VIX was up by 5.04% from 10.57 to 11.10 levels in the previous session. Volatility moved from lows … Read more
A steady June quarter earnings with lower provisions triggered buying action in IDFC First Bank shares on Monday as it jumped over 2% to the day’s high of Rs 85.75 on the NSE. The stock, which is at a kissing distance from its 52-week high of 86.10, saw over 2.4 crore shares changing hands around … Read more
The week gone by saw a bunch of prominent block and bulk deals in nearly two dozen companies. The total deal value stood at Rs 10,926 crore with a lion’s share accounting for Amara Raja Batteries. The other prominent names include Kotak Mahindra Bank, HDFC Bank, Reliance Industries and Power Grid Corporation. Sizeable block deals … Read more
Boosted by positive economic sentiments in the domestic market and continued FII inflows, Indian equities have been making new highs for quite a while. In trade on Wednesday too, Nifty and Sensex logged fresh record highs. Nifty ended at 19,833, while Sensex closed at 67,097 levels. Sectorally, IT and auto pack saw some weakness, while … Read more
Brokerage firm Goldman Sachs maintained a buy rating on IndusInd Bank, HSBC initiated coverage on Titagarh Wagons with a buy rating, Jefferies recommended a buy on Polycab and CLSA maintained a buy rating on ICICI Lombard. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Goldman Sachs on … Read more
Even as the global market mood remained mixed, Indian equities continued their northward journey with the indices scaling fresh all time highs. Nifty galloped to a new high of 19,732 intra-day, but ended 0.75% higher at 19,711. Similarly, Sensex also notched a new high of 66,656 levels and settled at 66,590, up 529 points or … Read more
Brokerage firm Morgan Stanley has an ‘Overweight’ stance on IndusInd Bank, Nomura has recommended a ‘Buy’ rating on Samvardhana Motherson and Morgan Stanley has initiated a ‘Buy’ rating on AU Small Finance Bank. CLSA picks Dalmia Cement and UltraTech as preferred bets in the cement sector. We have collated a list of recommendations from top … Read more
From the COVID lows, the benchmark Sensex is up nearly three times, scaling past the 65,000-mark, and in this journey, 25 of its constituents have turned multibaggers. From March 2020, when COVID-19 pandemic brought the Indian economy to a standstill, the Sensex has risen a whopping 150%. On Monday, the index scaled a lifetime high … Read more
Brokerage firm Macquarie maintained an outperform rating on IndusInd Bank and downgraded Paytm to neutral, Spark initiated add rating on Kaynes Technology and CLSA recommended a buy on ICICI Prudential Life Insurance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on IndusInd Bank: Outperform| Target Rs … Read more