Markets saw a sharp rebound this week, climbing over 4.5% in the holiday-shortened week, driven by upbeat cues from both domestic and global fronts. Benchmark indices kicked off the week with a strong gap-up opening and sustained the momentum in subsequent sessions. As a result, the Nifty and Sensex closed near their weekly highs at … Read more
Market watchdog SEBI has issued a warning letter to FMCG major Nestle India over alleged violation of Insider Trading norms by a senior official of the company. Nestle India has received an “administrative warning letter” from the Securities and Exchange Board of India (SEBI) by a designated person of the company, according to regulatory filing … Read more
Equity markets will remain closed on Monday on account of the Mumbai elections, according to the market holiday calendar of BSE. Accordingly, all the segments including, the equity segment, derivative segment, and SLB segment will be closed tomorrow. The Multi-Commodity Exchange (MCX) will remain closed for the morning session but will be open for the … Read more
Indian market is likely to trade higher on Thursday tracking positive global cues. The Nifty50 experienced a sharp correction on Wednesday, but it managed to hold on to the 22000 level towards the close of the trade. The market may go sideways after a sharp rise and that may be considered as healthy from the … Read more
After seeing testing times in FY23 amid skyrocketing inflation and weak consumer demand, India Inc found solace in FY24 as several companies reported strong double-digit growth in earnings. One of the major factors driving this growth was easing inflationary pressures. As many as 234 companies, excluding banks and financial services, saw operating profit or EBITDA, … Read more
With a nearly 20% rally in 2023, Nifty is overvalued by as much, according to a report by Kotak Institutional Equities. The brokerage remains wary of an absolute return potential of the market from the current levels as it replaces ITC and Larsen & Toubro (L&T) with Britannia and PSU stock NTPC from its concentrated … Read more
Top Gainers Ending on December 29, the Nifty benchmark index wrapped up the week with a 2.2% gain across the last five trading sessions, settling at a closing value of 21,731 and achieving positive closures in four out of the last five sessions. ETMarkets identified five stocks in the Nifty50 index throughout the week that … Read more
Brokerage firm SPARK initiated coverage on Arvind with a buy rating, HSBC upgraded Colgate Palmolive India to a buy from hold earlier while it downgraded Nestle India to hold. Centrum Institutional Research initiated coverage on Ugro Capital with a buy rating. We have collated a list of recommendations from top brokerage firms from ETNow and … Read more
Here are four Nifty stocks that will trade ex-dividend later this week Source link
Brokerage firm CLSA maintained a buy on Amber Enterprises and Macquarie remained neutral on Nestle India. HSBC downgraded HUL to hold and Motilal Oswal upgraded PNB Housing Finance to buy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Amber Enterprises: Buy| Target Rs 3650 CLSA … Read more