IT majors TCS, HCL Tech and Wipro kicked off first-quarter earnings last week and the results were mostly subdued in line with expectations. In the coming week, private banking giants HDFC Bank, Kotak Mahindra Bank, YES Bank, and ICICI Bank will announce their earnings. For HDFC Bank, this will be the first results card after … Read more
India is “capital starved” and if the country has to meet its aspiration of 8 per cent growth to reach USD 5 trillion economy, it needs to work towards getting capital, Piramal Group Chairman and Executive Director Ajay Piramal said on Thursday. Speaking at the Times Network India Economic Conclave 2023, he said India must … 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
Shares of foodtech firm Zomato would be in focus on Monday following narrowing of its loss in March quarter. Sumeet Bagadia, Executive Director, Choice Broking, says the stock has shown support around Rs 58-55 while resistance is around Rs 75-80. “Short-term prospects in this stock might be appealing to risk-taking investors,” Bagadia says. Edited excerpts:Nifty … Read more
“I feel that eventual levels that we could see on Nifty would be 17,850, 17,900 in the next few sessions. And just to add to this, Bank Nifty has also started showing a good traction,” says Sudeep Shah, SBI Securities. Let us start with your view on the market. Three, four, five days of gains. … Read more
“If you look at the IDFC First Bank numbers last two to three quarters, they are best in class on almost all financial parameters. They are amongst the number one or two within the space,” says Dipan Mehta, Director, Elixir Equities.The Citibank acquisition is coming, I would say, at a discount to what the original … Read more
“One can go for options trades. I believe a long straddle at 17400 zone is very much likely to be played out for the next week expiry,” says Shilpa Rout, Prabhudas Lilladher.What do you make of the market move after 8-9 trading days we are sustainably into green so far?After eight consecutive sessions of losses … Read more
Ahead of the Reserve ‘s monetary policy decision tomorrow and commentary from Federal Reserve Chair Jerome Powell tonight, Indian equity indices apparently struggled for direction before closing in the red for a second straight day on Tuesday, dragged by IT, auto and metal stocks. The BSE Sensex index ended 215 points or 0.36% lower at … Read more
“Kotak itself is a big bank now. So again the point is that given its huge underperformance it is possible that it can outperform in the near term but then given that its valuations are much higher than that of most larger banks, it will be tough for it to outperform significantly,” says Sandip Sabharwal, … Read more
Ahead of the US inflation report later in the day, investors remained on edge on Dalal Street as equity indices closed in the red for the third straight day on Thursday in a volatile trading session. Index heavyweight , banking and financial stocks were a drag on the indices. The BSE Sensex index ended 147 … Read more