Indian market closed in the green for the fifth consecutive day on Monday, tracking positive global cues. The S&P BSE Sensex rose nearly 300 points while the Nifty50 closed above 22,100 levels. Sectorally, buying was seen in consumer durables, telecom, power, and FMCG stocks while metal, capital goods, and realty stocks saw some selling pressure. … Read more
India VIX was down by 0.47% from 11.18 to 11.13 levels on Wednesday. Volatility was slightly down and created room for the bulls. On the weekly options front, the maximum Call OI is placed at 19800 and then towards 19700 strikes while the maximum Put OI is placed at 19600 and then towards 19400 strikes. … Read more
Mangalore Refinery and Petrochemicals (MRPL) stock has rallied over 16% in eight sessions, remaining unbeaten on seven occasions. This uptrend is likely to sustain over the short term, multiple technical experts tell ETMarkets. The current momentum could take the stock to Rs 130 and Rs 145, which is a potential upside of 20-34% over Thursday’s … Read more
Brokerage firm such as Morgan Stanley has an overweight rating on InterGlobe Aviation (Indigo), CLSA retained its buy rating on ICICI Lombard, Jefferies initiate a buy rating on JB Pharma, and AnandRathi has a buy rating on Gujarat Gas. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: … Read more
On the back of low inflation and lower raw material prices led by a decline in crude oil prices mid and smallcap indices hit their new 52-week high. The Nifty Midcap100 index surged 0.71% to 35,397, while the Nifty smallcap100 index rose 0.78% to 10,824 in Monday’s trade. Meanwhile, since April, Nifty Midcap100 gained 12.5%, … Read more
Indian market closed in the red for the third consecutive day on Friday. The S&P BSE Sensex closed below 53,000 while Nifty50 recouped some losses and closed above 15,750 levels. Sectorally, buying was seen in FMCG, Realty, finance, consumer discretionary, and IT stocks while selling was visible in Energy, Oil & Gas, and public sector … Read more
The bulls made a strong comeback this past week, with the benchmark indices recouping all the losses it made in the first three sessions to end the week on a strong note, thanks to an improvement in global sentiment and F&O related activity. Banking and auto stocks gained while metals and oil & gas stocks … Read more
Ukraine’s richest man says he plans to sue Russia over what he said was $17 billon to $20 billion in losses caused by its bombardment of steel plants he owns in the devastated city of Mariupol. The Azovstal steelworks suffered heavy damage from Russian bombing and shelling after the sprawling plant became the last bastion … Read more