Hindustan Aeronautics Ltd (HAL) is likely to be included in the MSCI Standard Index, when the index provider will review the constituents once again in May 2023, according to Nuvama Institutional Equities. The brokerage said, based on its calculations and understanding of methodology, HAL holds a high chance to get included in the May 2023 … Read more
Amid weak global cues and stress over the trajectory of future rate hikes by central banks, the domestic equity market continued its downward trajectory of last week on Monday. While bank stocks showed resilience in morning, IT stocks were the worst affected. “There are indications that on the back of renewed inflation spike, the Fed … Read more
Will the Nifty be able to end its six-day losing run? The index looks oversold in the short-term on technical and derivative fronts, but with the index breaking below the key support of 17,500, analysts are not ruling out further downside. Reliance Industries, TCS, L&T, Axis Bank, NTPC, ONGC, UltraTech, and Maruti are some stocks … Read more
“I would like to suggest a “long strangle” strategy for the budget, though it will be risky given the high premiums of the options. Besides, after a few days of consolidation, Nifty looks good for a directional move,” says Rupak De, Senior Technical Analyst at . In an interview with ETMarkets, Rupak said: “Nifty could … Read more
“This is a year in which if you look at the recent automobile sales they have been strong and they are likely to get stronger going into 2023 which is another positive for M&M Finance,” says Chakri Lokapriya, CIO & MD, TCG AMC. Just wondering what to do with Bajaj Finance, their quarterly update is … Read more
The Indian market is likely to open lower on Wednesday tracking muted global cues. S&P BSE Sensex rose more than 300 points while Nifty50 reclaimed 18,100 levels. Sectorally, buying was seen in metal, telecom, capital goods, and realty while some selling was seen in FMCG stocks. Nifty had formed a bullish outside bar on the … Read more
Shares of metal companies such as , , and rallied up to 8% amid reports that Indian steel mills are eyeing price hikes in January on the back of improved global cues and the firming up of international prices. Shares of , , , , and also rose over 3%. At 1.13 pm, shares of … Read more
NEW DELHI: Notwithstanding the recent stress in equity markets over fears related to recession and rising Covid cases, Santy Rally may make investors richer towards the end of December if history is a clue. Market data of the last two decades shows that Nifty not only has an 80% chance of closing higher in December … Read more
Mumbai: Investors combing through the market for potential winners could consider some of the stocks that are trading at or below the actual value of the companies, said analysts. Out of the stocks on the NSE500 Index, 80 are currently trading below their book value following the sell-off in the market. Further, 40 stocks from … Read more
The Indian market retested crucial support levels in June as selling by foreign investors pushed the Nifty50 lower by over 5 per cent so far in 2022 and many large and midcap stocks fell in double digits. In the quest to find value from the current fall, we have collated a list of 10 stocks … Read more