As the Indian automobile sector gears up for the long festive season which begins in two weeks with the Ganesh Chaturthi festival, auto stocks, whose fortunes will be aligned with the performance of the companies during this period, have come under the spotlight. Top brokerages along with analysts that ETMarkets spoke to remain gung ho … Read more
India’s bluechip Nifty 50 index fell for the first time in nine sessions on Friday, succumbing to the persistent concerns of US rate hikes that have weighed on global equities. The Nifty 50 settled 0.85% lower at 19,331.80, while the 30-member S&P BSE Sensex fell 0.77% to 65,280.45. Both indexes hit record highs for the … Read more
“It is anticipated that the bulls will regain control once the Nifty index breaks above the 18600 level on a closing basis,” says Kunal Shah, Senior Technical & Derivative analyst at LKP Securities. In an interview with ETMarkets, Shah said: “This breakthrough is considered significant as it would confirm the establishment of a new all-time … Read more
Once again volatility is back, down one day, up another. During the period of correction and volatility, there were select stocks which were able to outperform and gained weight, by closing in green in a market which is under pressure. Also they also saw their rating improve. A number of them have seen their score … Read more