After a muted start to the year, equity markets are hovering around all-time highs on the back of easing inflation and consistent FII buying. Nithin Kamath, the co-founder, and CEO of Zerodha, however, said that the retail activity isn’t picking up despite optimistic market sentiments. “Markets are back at all-time highs, but it doesn’t feel … Read more
Brokerage firm JPMorgan downgraded Vedanta to a neutral rating, maintained underweight stance on Hindustan Zinc and retained overweight on Hindalco. Citi downgraded AU Small Finance Bank to neutral and Macquarie has an underperform rating on Info Edge. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:JPMorgan on Vedanta … Read more
Global brokerage firm Morgan Stanley maintained its underweight rating on Asian Paints and Kansai Nerolac. CLSA has a buy rating on ICICI Bank while JPMorgan maintained an overweight rating post March quarter results. Motilal Oswal as well as Jefferies recommend a buy rating on Reliance Industries post March quarter results. We have collated a list … Read more
Remember our characters, Dev and Tara? In our last two articles, Dev, the expert technical analyst, introduced his friend Tara, a successful entrepreneur, to the significance of trend following and ways to spot trends. This ignited Tara’s curiosity about technical analysis. So, the other day, Dev and Tara were chilling at a cafe, savoring their … Read more
Dwarikesh Sugar Industries has declared an interim dividend of Rs 2 per share on the face value of Rs 1 per share (200%) for the current financial year 2022-23. The company has fixed March 31 as the record date to determine the eligibility of shareholders for the said dividend payment. The shares of Dwarikesh Sugar … Read more
Last month has seen a carnage in the bourses globally, with the World MSCI Index falling 6%, MSCI China 8%, and MSCI Emerging market and India too relatively outperforming but in absolute terms down ~5%. The last month itself had two swings in the Global Debt Market – firstly the Fed suggesting possibility of even … Read more
Four financial service companies, including three banks, from the smallcap space have turned multibaggers since last year’s Holi, according to an analysis by The Economic Times. Karnataka Bank was the top gainer among the financial pack, with a rise of over 153%, followed by Ujjivan Financial Services, whose shares have risen 145%. Meanwhile, South Indian … Read more
The Indian market opened higher on Friday tracking positive global cues. The Nifty 50 index rose 192 points or 1.11% to 17,507, while the S&P BSE Sensex surged 638 points or 1.16% to 59,547, as of 10.15 am. The S&P BSE Sensex fell more than 500 points while the Nifty50 fell below 17,350 level on … Read more
The Indian market opened higher on Wednesday. The Nifty 50 index rose 103 points or 0.60% to 17,407, while the S&P BSE Sensex surged 346 points or 0.59% to 59,308, as of 9.22 am. The markets closed in the red for the eighth consecutive day in a row on Tuesday and the global setup suggests … 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