India plans to ask state-run Oil and Natural Gas Corp to consider launching a rights issue to help fund green projects at refining arm Hindustan Petroleum Corp, two sources said, an exercise that could raise about $1.9 billion. The comments come after India’s finance minister announced a plan this year to provide equity of 300 … Read more
New Delhi: A dedicated green channel is being facilitated across several states for the movement of heavy machinery and equipment through the railways and road transport for the implementation of four other strategies in case horizontal drilling by the auger machine hits a hurdle, said officials. The movement of heavy equipment is being ensured across … Read more
Brokerage firm Morgan Stanley has an equal-weight rating on Jubilant FoodWorks while Elara Securities recommends an Accumulate rating on ONGC. Also, Axis Securities retained its buy rating on KNR Construction and Bajaj Finance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Jubilant FoodWorks: Equal-Weight| … Read more
Indian benchmark indices opened with gains on Tuesday maintaining their two-session gaining spree led by gains in bank, auto and IT stocks. The S&P BSE was trading at 64,252.97, up by 140.32 points or 0.22% while the broader Nifty50 stood at 19,179.60, gaining 38.70 points or 0.20%. Meanwhile, banking gauge Nifty Bank traded at 43,188.85, … 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
The Indian market is likely to consolidate on Wednesday tracking mixed global cues. The S&P BSE Sensex and Nifty50 closed flat on Tuesday with a negative bias. India VIX was up by 2.61% from 10.90 to 11.18 levels in the previous session. Volatility was slightly on the rise but is still trading at its lower … Read more
Stocks from capital-intensive sectors, cyclicals and value stocks are expected to do well as long as the investment, commodity and credit cycle continue to remain robust, an ICICI Securities report said. The brokerage has identified over a dozen stocks with ‘Buy’ ratings which it referred to as ‘value stocks’ while cautioning against value traps. The … Read more
Stock exchanges have slapped fines on state-owned oil and gas firms including IOC, ONGC and GAIL for their failure to meet listing requirements of having a requisite number of independent directors and women directors. In separate filings, the companies detailed the fines imposed by the BSE and NSE but were quick to point out that … Read more
Indian market is likely to consolidate on Thursday tracking muted global cues. The S&P BSE Sensex fell more than 200 points while the Nifty50 closed below 19400 levels in the previous trading session. India VIX was down by 0.68% from 11.01 to 10.93 levels on Wednesday. Volatility sunk lower and is hovering near its lower … Read more
Benchmark indices ended lower on the last day of May amid negative signals from global markets. The S&P BSE Sensex fell 346 points at 62,622, while the Nifty50 settled at 18,534 levels. Among the sectors, auto gained 0.15%, FMCG was up 0.23%, IT was flat, while bank, metals, and financials dragged. Stocks that were in … Read more