Indian equities ended marginally down on Friday, but benchmark indices clocked weekly gains for the third consecutive time. The weakness on Friday was largely due to the selling pressure in the banking and financial services sector following the Reserve Bank of India’s move to tighten rules on unsecured consumer loans. This move saw shares of … Read more
Vikram Samvat 2079, the Hindu accounting year which began from last Diwali, would be remembered as one which not only gave Sensex and Nifty new all-time peaks but also left a large number of smaller investors with at least one multibagger story to share. During the year, the big boys scorned at the ‘madcap rally’ … Read more
Various widely tracked companies like Varun Beverages, Power Grid Corporation, Shree Cements, Tata Power, Adani Ports, LIC, ONGC, Eicher Motors, RVNL, and M&M, will be releasing their September quarter report cards this week. Here’s a list: November 6 Varun Beverages, Divi’s Laboratories, Adani Energy Solutions, Max Healthcare Institute, Linde India, NHPC, Bharat Forge, The Fertilisers … Read more
Bajaj Finserv. Share Price 1634.65 03:59 PM | 06 Oct 2023 92.11(5.97%) Bajaj Finance. Share Price 8168.55 03:59 PM | 06 Oct 2023 317.66(4.04%) Titan Company. Share Price 3309.75 03:59 PM | 06 Oct 2023 93.25(2.89%) IndusInd Bank. Share Price 1434.80 03:59 PM | 06 Oct 2023 32.96(2.35%) Tata Consumer Products. Share Price 874.75 03:57 … Read more
After gaining an average of 14% this week and more than 30% in the last one month, railway stocks may now come under some profit booking pressure. “4 out of 5 major railway stocks like RVNL, IRFC, IRCTC and Railtel are overbought with RSI above 75. Even though the outlook for these stocks remains bullish, … Read more
Benchmark indices resumed their losing streak after the US Fed left room for more interest rate hikes in the future. The Sensex fell 440 points to settle at 66,266, while the broader Nifty declined 118 points to end at 19,659. Stocks that were in focus include names like Cipla, which rose 9.78%, RVNL, which fell … Read more
Indian markets closed in the green for the eighth day in a row on Tuesday. The S&P BSE Sensex rose more than 200 points while the Nifty50 closed above 18100 levels. Sectorally, buying was seen in infrastructure, metals, power, utilities, and oil & gas stocks while selling was visible in telecom and FMCG. Stocks that … Read more
PSU stocks have delivered healthy returns to investors in the last one month, rallying up to 56% with railway stocks leading the charts. The Nifty PSU index is up about 10% during the month, compared with 3% gains in benchmarks Sensex and Nifty. As many as 28 PSU stocks have offered double digit monthly returns … Read more