Domestic markets traded subdued and ended the day nearly unchanged, continuing the ongoing gradual uptrend. In today’s trade, shares of General Insurance Corp, ONGC, SpiceJet, GSK Pharma, Cipla among others will be in focus due to various news developments. General Insurance CorpThe government has proposed to sell 6.78% stake in General Insurance Corporation of India … Read more
Domestic markets edged higher for the second consecutive week, moving closer to record highs, supported by favorable cues. In today’s trade, shares of Trent, BEL, LTIMindtree, Ambuja Cements, Alembic Pharma, Transport Corp among others will be in focus due to various news developments. Transport CorporationTransport Corporation of India announced that it will conduct its first-ever … Read more
Following a sharp 17% rally in Zomato shares amid blockbuster results, the new-age stock could rally to Rs 292 in the near term, with a stop loss at Rs 252-240, says Anand James, Chief Market Strategist at Geojit Financial Services. “Directional moving indicators and most oscillators point to strength and continuation of the uptrend. Fast … Read more
Jun 16, 2024, 12:11:05 PM IST Nippon India Mutual Fund manages assets under management totaling Rs. 4.93 lakh crore as of May 2024 and oversees 189 mutual fund schemes. Here are the top 10 stock holdings of the fund house, according to a report by Motilal Oswal Financial Services. ETMarkets.com Nippon India MF had the … Read more
Various widely tracked companies like ITC, ONGC, IRFC, Ircon International, BHEL, BEL, Sun Pharma, Nykaa, Tata Investment Corporation, Hindalco, Ashok Leyland, and Divi’s lab will be releasing their March quarter report cards this week. Here’s a list: May 20ONGC, Indian Railway Finance Corporation (IRFC), Bharat Electronics (BEL), Oil India, SAIL, Deepak Nitrite, Whirlpool of India, … Read more
MUMBAI – The National Stock Exchange (NSE) of India will launch four new indices in the cash and futures and options segments with effect from April 8. The exchange has proposed online dissemination of indices namely, Nifty Tata Group 25% Cap, Nifty500 Multicap India Manufacturing 50:30:20, Nifty500 Multicap Infrastructure 50:30:20, and Nifty MidSmall Healthcare, according … 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
Oil stocks jumped up to 8% on Monday led by gains in state-run Oil & Natural Gas Corporation (ONGC) and market heavyweight Reliance Industries (RIL) on fuel supply concerns in the aftermath of a missile attack on a Trafigura-operated fuel tanker in the Red Sea. ONGC shares hit their 52-week high of Rs 253.20 on … Read more
Indian market is expected to trade higher on Monday tracking positive global cues. The Nifty future closed negative with losses of 0.59% at 21,351 levels on Thursday. India VIX was up by 6.61% from 14.38 to 15.33 levels. Volatility spiked to 15.6 zones during the week and created swings in the market. Positive setup was … Read more
Brokerage firm CLSA maintained a buy rating on RIL, Goldman Sachs downgraded ONGC, BPCL, and IOC. Jefferies has a buy rating on Godrej Consumer and Nuvama upgraded Infosys to buy ahead of Q3 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on RIL: Buy| Target … Read more