Brokerage firm CLSA maintained a sell rating on JSW Energy, UBS upgraded Havells India to a buy rating, Bernstein maintained an outperform rating on HDFC Bank, and Nuvama retained a hold rating on Sheela Foam. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on JSW Energy: … Read more
The IPO market has picked up pace in the second half of the year with three issues — Ideaforge, Cyient DLM, and Senco Gold —delivering strong listing gains to investors. In the upcoming week, two more IPOs are set to hit the markets including the mainstream one of Netweb Technologies. The other issue is Asarfi … 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
Brokerage firm Goldman Sachs initiated a ‘Buy’ stance on UltraTech Cement and KPIT Technologies. Morgan Stanley remains ‘Underweight’ on India’s largest non-agri commodity index, MCX. We have collated a list of recommendations from top brokerage firms from ETNow: Goldman Sachs on UltraTech Cement: Buy | CMP: 8,458.90 | Target: Rs 8,720Goldman Sachs has given a … Read more
To date, the market has performed better than expected. The surge can be attributed to a relief rally following a significant sell-off that took place between December 2022 and March 2023. During that period, the domestic market underwent an 11% correction, driven by concerns about a global recession that could potentially result in a local … Read more
Derivative contracts with a notional value of about $7.5 billion traded in Singapore will shift to India as a cross-border trading link between the two Asian countries’ top bourses gets fully operational on Monday. SGX Nifty, the Singapore Exchange Ltd.-traded futures on India’s key equity NSE Nifty 50 Index, will be known as GIFT Nifty … Read more
In what can be termed as a ‘Ghar Wapsi’ (return to home) of sorts for SGX Nifty, the early indicator of the Indian stock market is shifting base from Singapore Exchange to NSE International Exchange (NSE IX) in Gujarat’s Gandhinagar. SGX Nifty, used by offshore investors who trade in US dollars, will be suspended for … Read more
The Board of Kamdhenu Ventures has approved a proposal to issue bonus shares to its investors in the proportion of 1:1, which means, for every share investors hold, they will get an additional share. “The Board has recommended an issue of 1 bonus equity share (fully paid‐up) of Rs 5 each for every 1 existing … Read more
Global brokerage firm HSBC maintained a buy rating on VRL Logistics, Macquarie retained an underperform rating on Nykaa, Antique initiated a buy recommendation on Titagarh Wagons and Citigroup has a buy rating on MGL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: HSBC on VRL Logistics: Buy| … Read more
The past experiences in the markets clearly stand as testimony to the fact that no asset class is free from risk unless it’s about fixed deposits (FD). Be it the equity market, bonds, equity funds commodities, currency, or even debt funds, all suffer valuation losses whenever there are negative trends in global economies, changes in … Read more