Ruldu Ram’s joy knew no bounds after he voted for the first time in his life at the age of 90, nearly eight decades after migrating from Pakistan during the Partition. He was among the hundreds of West Pakistan refugees in the border town of RS Pura who cast their votes for the Assembly election … Read more
Indian equities ended on a positive note on Thursday, despite weak global sentiment. The Nifty settled with a minor gain of 30 points at 19,465, while the Sensex added 137.5 points, ending at 65,539. Sectorally, the media, realty, and healthcare indices led, while the metal index ended with a decline of 0.94%. Investor sentiment has … Read more
The Indian market is expected to consolidate on Monday tracking mixed global cues. The S&P BSE Sensex fell over 300 points while the Nifty50 closed below 19,500 levels on Friday. India VIX was up 1.07% from 11.40 to 11.52 levels in the previous trading session. Volatility inched higher and caused some discomfort to the bulls. … Read more
Sanjiv Bhasin, Director, IIFL Securities, says “in largecaps, this is a brilliant opportunity for Maruti, Lupin, Apollo Hospital and last but not least, Gujarat Gas. The largest city gas distribution and gas prices globally have fallen. Their margins will only rise and volumes will pick up. At Rs 458-460, I think this stock is headed … Read more
Indian market is likely to edge higher on Wednesday tracking positive global cues. The S&P BSE Sensex fell more than 100 points while the Nifty50 closed above 19,550 levels on Tuesday. India VIX was up by 2.03% from 11.10 to 11.32 levels in the previous session. Volatility inched higher and caused some discomfort to the … Read more
Brokerage firm Morgan Stanley maintained an overweight rating on RIL, Citi downgraded Pidilite Industries to sell, Nomura downgraded UltraTech Cement to neutral, and Investec initiated a buy rating on Indian Bank.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on RIL: Overweight| Target Rs 3210Morgan Stanley … Read more
“You can see some improvement in provisions. And importantly, the valuation is still very much on SBI‘s side. So I think there is a significant upside from the current levels for SBI,” says Chakri Lokapriya, CIO & MD, TCG AMC.What do you want to start with, there are two big numbers today SBI and ITC?SBI … Read more
The Nifty has closed below its short-term moving average and the broader price structure. According to technical analysts, these indicate a possibility of a bearish head and shoulder pattern formation. Hence, upside momentum is expected only above the 18,267 level, while the index can witness selling if 18,042 is broken. Stocks such as Siemens, ABB, … Read more
“But the services sector of Indian companies is at a 14-year high. So, which means therefore all the services-related companies are on a strong wicket as far as the stock price outlook is concerned,” says Chakri Lokapriya, CIO & MD, TCG AMC.We have seen a 1000-point rally on the Nifty. Do you think more is … Read more
NEW DELHI: Despite the Sensex rallying nearly 25% from its 52-week-low in a span of just 6 months, the year 2022 proved to be a rough one for stock investors as Dalal Street’s Covid batch of new investors learnt an old lesson the hard way – making money is not easy. FOMO (fear of missing … Read more