US brokerage Jefferies has maintained a buy view on Bharti Airtel and MGL while Cummins India received a ratings upgrade from HSBC. Among other notable brokerage actions, BofA reiterated a buy view on NBFC play Bajaj Finance while CLSA initiated a coverage on Avenue Supermarts. Kotak Securities also upgraded IRB Infrastructure to ‘Add’ from an … Read more
Equity benchmark indices Sensex and Nifty ended lower in highly volatile trade on Thursday due to selling in banking, metal and energy counters amid a mixed trend in the global markets. Falling for the second day in a row, the 30-share BSE Sensex declined 194 points to settle at 62,428.54. Nifty ended below 18,500, while … 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
Indian market recouped losses and closed higher on Monday. The S&P BSE Sensex rose nearly 500 points while the Nifty50 closed above 17300 levels. Sectorally, buying was seen in utilities, power, banks, the public sector, and energy while selling was seen in metals, realty, telecom, and capital goods. Stocks that were in focus included names … Read more
NEW DELHI: Top 10 FPI favourite stocks in the BSE500 pack are facing heavy selling pressure, as the institutional category continued to dump domestic equities, in the light of record low rupee, high valuations and better opportunities elsewhere. Data showed eight of the top 10 FPI-owned stocks saw cuts in institutional exposure in the March … Read more
New Delhi: IRB Infrastructure Developers on Wednesday said it has raised Rs 150 crore through allotment of NCDs on a private placement basis. “This is to inform you that the management administration and share transfer committee of the board of directors of the company…has allotted 9.55 per cent secured, redeemable, listed, rated non-convertible debentures (NCDs) … Read more