India’s largest domestic institutional investor Life Insurance Corporation of India (LIC) has reduced ownership in at least 80 stocks, including 16 PSUs, in the March quarter with the market value of its portfolio surging to Rs 14 lakh crore. LIC was seen cutting stakes in BHEL, SAIL, Coal India, Oil India, Mahanagar Gas, MOIL, SBI, … Read more
State-run NTPC, NHPC and NLC India will see their weights go up on the Nifty CPSE following a semi-annual rejig in the index, effective from Thursday, March 28. The adjustment will likely trigger passive cumulative inflows of $94 million according to estimates by Nuvama. A lion’s share will be contributed by NTPC ($71 million) followed … Read more
Equity indices climbed for the fourth straight session on Friday. The 30-share Sensex surged 376 points to close at 72,426 and the broader Nifty also rose 129 points to end at 22,040. Stocks that were in focus included names like TVS Motor, which rose 2.25%, KPI Green, which jumped 5%, and Oil India, whose shares … Read more
The Nifty started the week on a positive note but witnessed selling at higher levels to end the week on a weak note. The Nifty50 closed at 21622 on 19th January with a loss of 272 points on a weekly basis. On the weekly chart, the index has formed a Bearish candle which engulfed its … Read more
Brokerage firm Emkay maintained a buy rating on ONGC and Oil India, Morgan Stanley remained overweight on Can Fin Homes, and CLSA has a buy rating on J Kumar Infra. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Emkay on Oil & Gas: Oil India and ONGCEmkay … Read more
The last week of 2023 is anticipated to be sluggish as many foreign institutional investors (FIIs) are in holiday mode to celebrate Christmas and New Year, says Kunal Shah, senior technical & derivative analyst at LKP Securities. “Despite this, the Indian market is likely to exhibit strength, and a sustained Nifty level above 21,300 could … Read more
The Indian market is likely to consolidate on Tuesday, tracking muted global cues. The S&P BSE Sensex rose nearly 1,400 points, while the Nifty50 rose to a fresh record high above 20,700 levels on Monday. The Nifty future closed positive with gains of over 2% at 20,804 levels on Monday. India VIX was up by … Read more
With the earnings season nearing the end, more than 500 companies are scheduled to release the earnings for the quarter and half-year ended September on Wednesday. The big ones to watch out for will be United Spirits, Lupin, Oil India, Mazagon Dock Shipbuilders, Bharat Heavy Electricals, Pidilite Industries, Tata Power Co, and Patanjali Foods. The … Read more
India VIX was down by 3.39% from 11.07 to 10.69 levels on Tuesday. Volatility slightly cooled down but hovered in the previous day’s range and lacked momentum in the market. On the weekly options front, the maximum Call OI is placed at 20000 and then towards 19800 strikes while the maximum Put OI is placed … Read more
Shares of state-owned Oil India Limited (OIL) jumped nearly 8% to their 52-week high of Rs 318 on the NSE in Monday’s trade as international crude oil prices jumped more than $3 a barrel on Monday as the Israel-Hamas crisis deepened, raising supply concerns. Oil India shares were the top gainers in the Nifty Oil … Read more